McDonald’s and Wal Mart Warn of Inflation Because Big Banks Use Trillions of Taxpayer Money as Gambling Chips for Speculative Commodities Plays

Friday, April 22, 2011
By Paul Martin

by George Washington
ZeroHedge.com
04/22/2011

The signs for inflation in food and basic consumer goods are widespread.

McDonald’s is warning of inflation in food prices:

McDonald’s Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.

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McDonald’s and other restaurant operators are getting squeezed by accelerating food costs and must figure out how to raise prices without scaring away already skittish diners.

Similarly, the American head of Wal Mart – the world’s biggest retailer – is warning of price hikes across the board:

U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.

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Inflation is “going to be serious,” Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY’s editorial board. “We’re seeing cost increases starting to come through at a pretty rapid rate.”

The Rest…HERE

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