March 22, 2022 7:53 am at 7:53 am #2071371
Is there about to be food shortages or unaffordable food and supplies in the world due to the ruined economy and the war?March 22, 2022 10:39 am at 10:39 am #2071498☕️coffee addictParticipant
Do you know of any other economies that are ruined?
Is Britain and France and Canada’s economy ruined?
Why is the shekel 3.24 to the dollar (31 cents)March 22, 2022 10:40 am at 10:40 am #2071502akupermaParticipant
In countries that produce their own food, and export (e.g. the United States), there will be NO shortages other than local ones caused by supply chain disruptions (which appear to be caused by dumb government policies and labor shortages), though prices will probably rise since demand elsewhere raises prices everywhere (e.g you may be offering $10 for a quantity of wheat, but someone around the world will be offering $25 for the quantity, and if transportation only costs $5, guess who the American farmer will sell to). For American farmers, this will probably be a happy time.
In countries that do not produce there own food and rely on imports, there will be serious inflation and possible shortages. In Ukraine, there will probably be severe inflation and shortages.
The economy is hardly in ruins. In many countries there will be steadily rising wages (in part due to falling labor supply, largely caused by low fertility for the last few generations), and a increased demand for many goods and services (e.g. tanks, fighter planes, ammunition, coffins, etc.).
Of course, if the powers that be decide to nuke the world, that will have a serious impact on the economy and food supply (though it will probably mitigate the problem of global warming since soot in the air blocks sunlight – the world wars created bad winters, but a nuclear war could cause multiple years of “no summer”). This is probably an unlikely scenario (as we can all rely on the integrity of good judgment of Mr. Putin and and Mr. Biden, right???).March 22, 2022 10:40 am at 10:40 am #2071508ubiquitinParticipant
NoMarch 22, 2022 12:08 pm at 12:08 pm #2071557
I just say this since the media is warning of food shortages globally especially due to Ukraine wheat supply and Russian fertilizer. Of course I’m not a fan of the media but it might make a bit of sense especially seeing food prices climbing by the day. And yes pretty much everyone’s economy is ruined due to the local and global COVID lockdowns which ruined individual economies as well as being impacted by the chain effect.March 22, 2022 12:14 pm at 12:14 pm #2071577
“I just say this since …”
possibly. but i figured you “just say this” because no matter the topic you have been consistent in pushing either fear mongering or just worse case scenarios. I have no clue if this is an anxiety issue for you or an entertainment issue but it’s pretty expected at this point.March 22, 2022 2:10 pm at 2:10 pm #2071582
Syag I think you need help maybe a psychologist or psychiatrist I’m not sure which or how bad your condition is but you always seem afraid and pushing your fear on others by your responses to current event discussions. I have no clue on your condition honestly. But please seek help.March 22, 2022 2:15 pm at 2:15 pm #2071589
🤣 thanks, I hadn’t been expecting you to clarify!!March 22, 2022 3:12 pm at 3:12 pm #2071594
Well I’m glad to help. Also just a piece of advice if these conversations cause you such issues maybe try to take a break from them or just completely avoid them.March 22, 2022 3:13 pm at 3:13 pm #2071597
It’s likely that Russia and Ukraine will suffer from food shortages this winter. Combine those shortages with an influx of over 4 million refuges into Europe and it’s obvious some nations economies will suffer.
As mentioned above America’s issues will be supply chain, failure to support our commercial rail system will leave supply chains largely dependent on costly fossil fuels to transport goods.
Naturally Americans will be whining if they only have six different choices in tp rather than the previous 18.March 22, 2022 3:41 pm at 3:41 pm #2071604
Me a break?? Why me? I’m not the one freaking out at every turn that the world is coming to an end. Have you read any of your posts lately? On second thought, don’t! They might worry you…March 22, 2022 5:40 pm at 5:40 pm #2071672
” pretty much everyone’s economy is ruined due to the local and global COVID lockdowns which ruined individual economies as well as being impacted by the chain effect..
Rightwriter: Either you haven’t bothered to read any recent reports by the World Bank, IMF, OECD etc. but the world economy is not “ruined” due to Covid and is bouncing back with incredible speed. Indeed, global equity markets (except for the usual suspects) are near all-time highs, bond yields are up only 150 basis points from their multi-year lows, unemployment is so low it is depressing output etc. Inflation is the biggest near-term challenge. Whats with your “doom and gloom” postings lately??March 22, 2022 5:42 pm at 5:42 pm #2071681Always_Ask_QuestionsParticipant
At least half of Ukraine is not sowing right now and Russians should have some problems getting things done. Worldwide shmitah.
So, there will be less wheat – and sunflower seeds and oil, if you are into that. But this is next year harvest, of course. So, keep some of the matzos for the next year …
I presume things like fertilizer would be easier to substitute. Also, there will be less mystery buyers if you plan to sell a NYC apartment or a yacht.March 22, 2022 7:12 pm at 7:12 pm #2071698
Gadol what’s with the positive post have you skipped a dose or something? Usually every word you use in your replies is “negative”.
Yes we completely agree the world and local economy is better than ever and “BOUNCING BACK” with a rage thanks to Biden of course. And that’s why there are supply shortage and inflation as noone has ever seen with food and supplies prices going up by the day, oh ya and gas is only like 4.29. Yup, we sure are headed towards the right direction. Good thing orange man bad isn’t president anymore.
Also for your info Ukraine is the number 1 global supplier of wheat but that definitely isnt important and that’s why they keep mentioning that fact.
It’s rather nice paying an extra 35 percent on everything isn’t it?March 22, 2022 9:33 pm at 9:33 pm #2071711
“Good thing orange man bad isn’t president anymore….”
RightWriter: Glad we can agree on something.March 22, 2022 10:48 pm at 10:48 pm #2071765
Point of information Ukraine only exports about 3% of the world wheat. Russia is the #1 exporter of wheat in the world. I live in a state that grows a lot of wheat, future prices are up about 5%.March 22, 2022 10:49 pm at 10:49 pm #2071764
yes Gadol. Do you also agree that there is such a thing as sarcasm?
Also do you really mean it that the economy is better or even getting better with rising prices by the day?March 23, 2022 9:48 am at 9:48 am #2071792CTLAWYERParticipant
Profiteers are using this war as an excuse for raising prices. In most places there is no food shortage, but many may have a shortage of money necessary to purchase the same foodstuffs as in the past.
Just as the US has strategic oil reserves, it has food reserves. The USDA may have to stop paying farmers not to grow crops and pay them to grow food crops (by subsidizing fuel and fertilizer and transportation costs.
There will be more buy local pushes going on.March 23, 2022 9:51 am at 9:51 am #2071819
Rightwriter: I used to think I was wrong about your postings but my initial assumption was incorrect. I will acknowledge your consistent support of certain Trump economic policies while recognizing his personal sleaze factor.
Most aspects of the economy are working well using most of the standard metrics. The big near-term risk is whether the Fed will be able to manage the interest rate rise/withdrawal of liquidity with the rate of inflation. Too much of the current prosperity is concentrated in upper tier of the economy as it has during the 4 years of the prior administration. Inflation is obviously a regressive tax on the middle and lower income segments of society. Jerome Powell is not a “socialist” or “spread the wealth guy” ala Bernie Sanders but he brings more focus on income disparities than any Fed Chair in history and I’m hopeful he will keep the income disparity as his focus (versus measuring “success” by the Dow Stock point average).March 23, 2022 11:26 am at 11:26 am #2071831akupermaParticipant
1. Israel and the Middle East will be affected more than the United States, since they import foodstuffs from Russia and Ukraine. While other regions can replace what is lost, it will cost more. And since markets are globalized, prices will rise everywhere. Only Ukraine itself will have serious shortages, but these will be made up for with foreign assistance. Farmers and shippers in regions far removed from the war zone will be the big winners.
2. “Profiteers” are everyone. Who has a job where they asked for a lower salary since they refuse to be a profiteer? What tuition committee would be sympathetic to someone who insists on working as a volunteer (and relying a tsadakah) rather than taking a paying job?March 23, 2022 11:26 am at 11:26 am #2071799CTLAWYERParticipant
Those of us living in suburbia, small towns, or with a summer home in the country can also grow some of our own food. It yields better and fresher food than you buy at the supermarket and teaches the kids a good work ethic.
Here at the compound, we have always had a 100’x 100′ fruit and vegetable garden, this year we will actually plant 1/2 acre of food items. Seedlings have already been started indoors to be transplanted in late April. Our apple, pear and peach trees, were trimmed in the fall after harvest and will be in bud come May. Corn, potatoes, tomatoes, radishes, beans carrots, melons, cabbage are all easy to grow. Like our non-Jewish country neighbors, we can and freeze and fill the cold storage with root vegetables each summer, but this year will plan on a larger harvest for some of the extended family.
I have a 1/2 interest in several steers being raised by a local farmer. This summer, the Shochet will come from NYC and slaughter and process the animals, the farmer keeps the hides, my non-Jewish neighbor (owner of the other 1/2 interest) gets the hindquarters and my family will kasher and break down the forequarters and freeze in appropriate cuts.March 23, 2022 2:35 pm at 2:35 pm #20718582scentsParticipant
As you noted, the solution to grow one’s own food is for those living in suburban areas. It also only applies to those with the skills, capability, and availability of time.
Also, it is not just the potential shortages in food that are causing a price hike. Inflation and increased operational costs, such as increases in fuel prices, increases in shipping costs, and higher pay for operators is also a factor.March 23, 2022 2:35 pm at 2:35 pm #20718592scentsParticipant
“Also do you really mean it that the economy is better or even getting better with rising prices by the day?”
While we may be affected by increased prices for essential items, I am not sure that this is how the economy is measured.March 23, 2022 2:35 pm at 2:35 pm #2071875
CT lawyer you are lucky if you can grow your own food and livestock but most cannot and dont even have access to buy real fruits and vegetables or eat meat that isn’t full of antibiotics and many other harmful chemicals.March 23, 2022 6:38 pm at 6:38 pm #2071946
It’s not a matter of growing your own food. I know folks who go to U picks to get fresh beans and tomatoes, and veggies to can. They take their kids to U picks for peaches and apples to can or dehydrate, same with berries. Farmers markets are pretty ubiquitous now a days and CSAs make fresh veggies in season very affordable. I no long have a need for a fore quarter of beef but I do have a friend who raises lamb for the table and I have the same arrangement for my lamb as CTL has for his beef. I also bought into a flock of chickens through someone the traveling Shochet introduced me to some years back. Poultry prices should be going sky high, millions of chickens in DE, IW, PA and AR are being killed due to avian flu.
Americans are relatively spoiled, they want to eat what they want to eat when they want it. The average American buys expensive fresh fruit and veg (out of season) that are transported sometimes thousands of miles.
Certainly a lot has to do with lifestyle and I’m grateful that I’m financially comfortable and not paying for heating oil or wondering if I can afford that next box of diapers like some women do.March 23, 2022 8:37 pm at 8:37 pm #2071957
Where are these farmers markets located? What’s UPICK?March 23, 2022 10:39 pm at 10:39 pm #2071995
rightwriter, it only takes a google to find a farmers market or green market near you. Most farmers markets take food stamps and provide food stamp bonuses. You picks are just that. They are farms where you pick your produce. These are boons to folks who can (not rocket science) or preserve food but don’t have room to grow their own. Prices are usually lower at you picks. Around here you can do you picks for beans (fresh green, favas, fresh chickpeas fresh English pea, fresh edamame, tomatoes,peppers, kirbys, stone and seeded fruits, different melons, greens and assorted berries. Where I live our farmers market is open year round two days a week and three from April to Nov. In the winter we have hard squash (great for dehydrating), winter greens, a variety of tubers (yacon etc), beets, winter greens etc.March 24, 2022 12:43 am at 12:43 am #2072002
We’ve been purchasing most of our produce for years at Sunday AM farmers’ markets, supplemented by monthly deliveries of fresh produce from one of multiple subscription organic farms where you purchased a fixed interest in their crop which will result in biweekly (May through October) delivery of incredible fresh produce even though you never know in advance what will be included in that week’s boxed selections. For the past two years we also subscribed to beef and sheep deliveries from a local organic farmer (along with 5 other frum families) and import a shochet from Baltimore driving down twice a year to shecht the animals and prepare multiple freezer packs. We have a small inexpensive chest freezer in the garage that provides for a couple of months worth of meat. When we try to figure costs, its probably 20 percent MORE than the local kosher meat markets but we think the quality is much better. Fish is still purchased from local seafood markets and the prices have gone crazy. Would love to have a nearby fisher that sells off the boat like some friends have access to up in the Portland (ME) area.
Bottom Line: Much better quality but not cheaper.
- You must be logged in to reply to this topic.