Gas Prices Exceed 6 Loaves of Bread Per Gallon, Food Shortages worsen
Thursday, April 24th, 2008
You cannot eat and drive to work all the time. You have to make a choice. Work… or eat … We are now above 6 loaves of bread per gallon. What do you do?
Archive for the ‘loaves of bread per gallon’ Category
Four Loaves of Bread Per Gallon of Gasoline — Hyperinflation makes you decide: work or eat
Wednesday, February 27th, 2008
We are now at Four Loaves of Bread Per Gallon.
Just as you may owe more on your house than it is worth, you may start experiencing diminishing returns from driving to work everyday.
Feed your car? or Feed your family?
What say you?
Several Loaves of Bread Per Gallon
Tuesday, January 15th, 2008
I have talked earlier about price of food and gas.
- http://www.primezero.com/blog/2007/05/22/a-loaf-of-bread-per-gallon-of-gasoline/
- http://www.primezero.com/blog/2007/11/04/two-loaves-of-bread-per-gallon-of-gasoline/
We are now approaching Three Loaves of Bread Per Gallon.
The unit loaves of bread per gallon started as a joke. It is now an economic indicator for me. It is a currency-neutral calculation and has helped me predict market direction very well.
Brooding about lack of liquidity, the bad credit crunch, staggering hyperinflation, new fears, new losses, and pending outage
Friday, December 21st, 2007
Brooding about the following thoughts:
- The U.S. banks no longer trust each other.
- 500 Billion dollar loan from Europe doesn’t scratch the surface of what the banks really need.
- People are not ready for worldwide shortages of food and supplies.
- Hyperinflation is rampant, as the cost of driving is approaching THREE loaves of bread per gallon.
- The currency markets are about to experience the greatest shock since the Great Depression.
- There is almost no liquidity in the market.
- HKMA continues to oversell Hong Kong Dollars to defend the peg with the U.S. Dollar.
- The credit derivatives market is filled with analysts who do not know how to use a ledger
- Upper management of Fortune 500 companies is packed with individuals who never experienced sacrifice, let alone even read about the Great Depression, its causes or its aftermath.
- Insurance companies are worried about widespread arson; they announced this “concern” as a “risk management tactic”.
- Hypothecating property in business will no longer be accepted.
- Charitable foundations may fold without inflation hedges firmly in place
- The currency will change overnight and will catch world markets by surprise
- Gold will reach insane historical highs only to be stalled by the fact that you can’t eat gold
- Sections of the Internet may collapse due to lack of funding for infrastructure (power and water), in which case, Gopher and Archie may become popular again.
All these figments of my imagination. right?
…
EDIT: Probably. It’s just a bad dream.
I’ll wake up soon. I’m not worried at all. No, really.
Two Loaves of Bread Per Gallon of Gasoline
Sunday, November 4th, 2007
Earlier this year, I posted: A Loaf of Bread Per Gallon of Gasoline.
I underestimated the problem. The price of gasoline will exceed two loaves of bread soon. This is pitiful, but expected, as the cost of a barrel of oil starts its rise past $100.
So, I need to re-pose the question:
Are you willing to drive in your car to and from work for TWO LOAVES OF BREAD PER GALLON OR MORE?
Then you may need to ask yourself:
Is it more important to work? or is it more important to eat?
… but we are not there yet…
A Loaf of Bread Per Gallon of Gasoline
Tuesday, May 22nd, 2007
This week, the national average for the price of gasoline was about $3.22 per gallon. That is about the price of a loaf of bread.
Hmm. Oh, dear.
So, here’s the conundrum:
Are you willing to drive in your car to and from work for a loaf of bread per gallon?
Furthermore, you will be able to get change for a loaf of bread when you go to buy half a gallon of gas? Well, simply put, if you cannot afford to go to work or 50% of your work day is spent paying for your transportation then you have a problem, huh.
This is the part of the post where I provide a solution or some idea to mitigate this issue.
** Clicks Publish, then runs away **
