The chart above (courtesy of CNNMoney.com) shows the effect of the drought across the United States today. The average price increase for the above commodities was 2.28%. This translates into an inflation rate of 600% if we do not include weekend trading. Although we hope this hyperinflation will not occur, the 52 week price range highs are being broken every day. Good thing our government mandates 40% of our corn crop be converted to ethanol so that we can get less miles per gallon, destroy our engines and pay the government more gas taxes.
Don’t complain: someone has to pay for those hollow point bullets. Five bullets per person in the United states and climbing (with a bullet).