Money Masters

[doc_bean]

I was thinking about food,

I think there are two main reasons food prices have increased so much:

1) The EU agricultural policy

2) Big chain supermarkets

Not much to do with the national banks imo.

[Husar]

That's what I thought before, doc_bean, and still think, but the documentary claims that inflation etc is driven by those banks and that they won't stop before everybody else is poor etc. Don't really know why they should want that, but then again it wasn't me who claimed that.

And it's a bit suspicious that a big raise in food prices happened when the Euro was introduced, many just changed the sign behind the number of the price while wages were correctly calculated to avoid that anyone would earn more money than before. And no, I don't think it's the fault of the Euro(how can a coin be at fault anyway?).

[doc_bean]

That's what I thought before, doc_bean, and still think, but the documentary claims that inflation etc is driven by those banks and that they won't stop before everybody else is poor etc. Don't really know why they should want that, but then again it wasn't me who claimed that.

We have several convience stores very close to eachother here, some are far more expensive than others (30% or more on the same food article, brand and all) yet they both get costumers. Capitalism doesn't always work the way you suspect it will, big chains know they can raise the price and the people will keep coming.

The introduction of the Euro made most stores 'round up' and they noticed that it didn't translate in less sales, so they keep increasing the price until it does show.