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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1162
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 Posted: Tue Mar 11, 2008 9:01 pm Post subject: Jolt as coffee prices turn frothy |
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The article mentions a woman buying early to avoid paying higher prices later: that is, we have rising inflation expectations, and citizens choose to sell their dollars now versus holding them: the recipe for hyperinflation.
| Quote: | Lisa Spruill is fighting inflation with a secret stash of coffee. The Los Angeles office building manager has six cans of Don Francisco coffee squirreled away, all purchased with double coupons at local supermarkets in recent months.
World coffee prices have risen 23% over the last six months. |
latimes |
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cube
Fusion
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Joined: Mar 12, 2005
Posts: 3365
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| Posted: Wed Mar 12, 2008 1:36 am Post subject: Re: Jolt as coffee prices turn frothy |
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There's another way to defend yourself against inflation....and it keeps for much longer than coffee!
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whereagles
Intermediate Crude
Joined: Aug 17, 2005
Posts: 576
Location: Portugal
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| Posted: Wed Mar 12, 2008 5:48 am Post subject: Re: Jolt as coffee prices turn frothy |
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This is absolutely unacceptable!
I might renounce to my car, to my airplane and to my mcmansion, but I will never renounce to my chips, my popcorn and my cup of coffee.
DOWN WITH BIOFUELS! |
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MrBill
Expert
Joined: Sep 15, 2005
Posts: 5220
Location: Eurasia
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| Posted: Wed Mar 12, 2008 9:57 am Post subject: Re: Jolt as coffee prices turn frothy |
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I am pretty sure the Vietnamese will produce a lower quality coffee bean to put even more Andean coffee bean producers out of business. Bio-fuels? That's going to work well on mountain tops, eh?
_________________
The organized state is a wonderful invention whereby everyone can live at someone else's expense. |
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joeltrout
Light Sweet Crude
Joined: Sep 19, 2007
Posts: 1090
Location: Land of the Tongva tribe
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| Posted: Wed Mar 12, 2008 12:07 pm Post subject: Re: Jolt as coffee prices turn frothy |
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Americans preparing for tough times:
Store coffee, big macs, french fries, snickers, and designer clothing
joeltrout
_________________
ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people. |
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Starvid
Fission
Joined: Feb 20, 2005
Posts: 2678
Location: Uppsala, Sweden
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| Posted: Wed Mar 12, 2008 7:48 pm Post subject: Re: Jolt as coffee prices turn frothy |
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| whereagles wrote: | This is absolutely unacceptable!
I might renounce to my car, to my airplane and to my mcmansion, but I will never renounce to my chips, my popcorn and my cup of coffee.
DOWN WITH BIOFUELS! |
Or beer!
DOWN WITH BIOFUELS! 
_________________
Peak oil is not an energy crisis. It is a liquid fuel crisis. |
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