A Quote by John Catsimatidis

When the commodities go up and the cost of transportation is going up, and the value of the dollar is going down, it's all going to translate to an 8 to 10 percent rise in food prices.

John Catsimatidis

Quote Topics

Commodities Cost Dollar Down Food Go Going Percent Prices Rise Translate Transportation Up Value

Quote Author

John Catsimatidis
Greek - Businessman
Born: September 7, 1948

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

Eli Broad

Yet if you go to the supermarket and look at food that's produced through industrial agriculture, look at what's happened to the prices. Have they been going down? They've been going up and they will continue to go up. So the choice is either, do we hitch onto a system of agriculture that's doomed and will doom the planet with it, and go along the route of industrial agriculture, or do we want to shift to a kind of system that we know is going to be, in the long run, cheaper, because we'll have a planet left at the end of it? We need to factor that cost in.

Raj Patel

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Peter Schiff

If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more.

Howard Warren Buffett

If commodity prices are no longer going up then food prices in the grocery store will no longer go up, at some point.

Matt Martin

[Obamacare] premiums are going up 60 percent, 70 percent, 80 percent. Next year they're going to go up over 100 percent. And I'm really glad that the premiums have started - at least the people see what's happening.

Donald Trump

We're going to have shortages and prices are going to go up. Gasoline is going to be extremely tight for us.

T. Boone Pickens

We're going to build a wall and Mexico is going to pay. And the reason they're going to pay and the way they're going to pay, Bob, is this. We have a trade deficit now with Mexico of $58 billion a year. The wall is going to cost $10 billion a year. That's what it's going to cost. It's going to be a powerful wall. It's going to cost $10 billion.

Donald Trump

Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.

Peter Schiff

If you're really serious about protecting people's incomes, you've got to consider how you're going to protect the dollar. If you don't have the dollar maintaining its value, no matter where you put the money you're not going to have any value.

Ron Paul

Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.

Bill Gross

We broke up, and my first reaction was 'Fine - I've been through this too many times. I can't change your mind. I can't live your life for you. You're gone in your direction. I'm going to pick up; I'm going to go in my direction. I'm not going to live in the past. I'm not going to embrace the pain. You go, I'll go, and that will be it.' And I felt that way for an hour and 10 minutes.

Dana Gould

When we look at transportation in America, there's going to be companies like Magic Bus, where you have these private bus fleets. You're going to have carpooling; you're going to have these different types of transportation. It's going to be a full ecosystem, but it's not going to be a winner-takes-all.

Troy Carter

Education is the lifeline of the city of Boston in a lot of ways, as far as preparing and educating young people for the future. So when we think about that - I would love to have the $25 million dollar investment we made up to close the gap on charter schools. I'd love to make that investment in a different part of the school system if we could. The money that we're trying to adjust on transportation, I would love to, if we can save money in transportation - that's not going to be a savings, that's going to come into the general fund, that's going to be reinvested in the school.

Marty Walsh

My mother taught us to sell food in the market so we could pay for school. I would get up at 4:30 A.M. and start selling bread and cheese before going to class. School cost $65. The average salary was $125 a year, and with 10 kids, how are you going to pay for that?