Biden Administration Targets Meat Processing Monopolies

The following report is from the Trends Journal:

Four of the biggest U.S. meat processing companies have used their market power to underpay farmers, push up meat prices, and triple their net operating margins during the COVID crisis, White House economic advisors allege.

They claimed that higher labor and transport costs have driven price increases.

However, after analyzing the companies’ financial statements, such claims are not valid, according to the White House Council of Economic Advisors in a statement published last week on the White House website.

The companies involved include JBS S.A., the world’s largest meat processor, Brazil’s Marfrig Global Foods S.A., Seaboard Corporation, and Tyson Foods.

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The statements show that, together, the companies’ gross profits have jumped 120 percent since March 2020, with net income up 500 percent.

The companies recently have announced $1 billion in stock buybacks and new dividends to shareholders, adding to more than $3 billion already paid to shareholders during the COVID crisis.

The soaring profits and lavish dividends do not support claims that prices have risen solely in response to cost pressures, the White House report says.

The White House has “cherry-picked” data to produce its findings, according to the North American Meat Council, the industry’s trade and lobbying group.

TRENDPOST: Once-upon-a-time, America was cherished as The Land of Opportunity. Now it is the land of “chains” and monopolies. Indeed these four companies control as much as 85 percent of the U.S. market for beef, pork, and poultry.

With politicians paid off in the name of “campaign contributions” by private interests, these and other monopolies across the business spectrum—mass media, health care, big-tech, big-pharma, big banks, etc.—political whores destroyed the Robinson-Patman, Clayton, Sherman and Glass-Steagall anti-trust acts that prohibited these monopolies.

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AUTHOR COMMENTARY

I am mentioning this report because the White House politicians could careless about the monopolies in these cruel and disgusting meat companies, that process some of the worst meats you can eat. The paid-off politicians are whining about these monopolies because they want to tear them down, NOT because they want to allow for more free action in the economy, but because they want to slam the fake and plant-based “meats” down our throats, and eventually full-blown cannibalism. The well-off and rich elites will be feasting on real meat, while the serfs are made to eat the toxic plants. The Trends Journal, while I recommend them overall, have been incredibly slow to the punch when it comes to this aggressive trend; whereas The WP has been all over this for quite sometime.

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[1] Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils; [2] Speaking lies in hypocrisy; having their conscience seared with a hot iron; [3] Forbidding to marry, and commanding to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth. [4] For every creature of God is good, and nothing to be refused, if it be received with thanksgiving: [5] For it is sanctified by the word of God and prayer.

1 Timothy 4:1-5

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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