Skip to comments.Loaf of wheat bread may soon cost $23 due to skyrocketing food price inflation.
Posted on 11/08/2010 8:34:20 AM PST by TaraP
(NaturalNews) Within a decade, a loaf of wheat bread may cost $23 in a grocery store in the United States, and a 32-oz package of sugar might run $62.
A 64-oz container of Minute Maid Orange Juice, meanwhile, could set you back $45.71. This is all according to a new report released Friday by the National Inflation Association which warns consumers about the coming wave of food price inflation that's about to strike the western world.
"For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process," said Adams. "Just like we predicted this past December, the U.S. dollar index bounced in early 2010 and has been in free-fall ever since. Bernanke's QE2 will likely accelerate this free-fall into a complete U.S. dollar rout."
The upshot of a falling dollar will mean rampant price inflation on the basic goods and services that Americans depend on to survive. Food in particular is likely to be hit hard by price inflation within the decade.
The National Inflation Association has released its food price projections in a free downloadable PDF file here: http://inflation.us/foodpriceprojec...
It offers statements like this: "NIA is confident that the upcoming monetization of our debt will send nearly all agricultural commodities soaring to new all time inflation adjusted highs."
The Federal Reserve, of course, is currently engaged in the most massive money counterfeiting operation the world has ever witnessed. And it seems determined to keep printing money until all the dollars the rest of us hold are near-worthless.
Even the UN sees rising food prices It's not just the NIA that sees a future with much higher food prices, by the way: Both the Organization for Economic Co-operation and Development as well as the U.N. Food and Agriculture Organization also predict rising food prices (although not to the same prices as the NIA).
This is based on the trend of rising energy prices which directly translate into higher costs for farming, harvesting, transporting and processing foods. (Many of those predictions have already come true, by the way!)
Make no mistake: Food prices are on the rise. And with the Fed watering down the dollar thanks to its insane money counterfeiting policies, the U.S. is headed into a price inflation / dollar deflation scenario that mean you will have to spent a lot more dollars to buy the same food in 2015 as you did in 2010. (If the dollar even exists in 2015, that is...)
What does this all mean to you and me? As the spring comes back in a few months, it might be a good time to start thinking about growing a little garden for yourself. We'll be covering this story in much more detail in the spring, including details on where to get heirloom seeds, how to practice "preparedness" gardening (or "gardening when it counts") and other similar topics.
In the mean time, stay tuned to NaturalNews for tips and strategies on how to do more with less in uncertain times.
If you dont own land in any form it is time to learn how to grow a garden in pots.
So, what’s my salary going to be? 20 times higher? I hope so, otherwise we are going to starve to death. That will cut down on the demand, so the prices should drop a bit.
The government is like a crazy person at a plane’s controls...a crazy person on drugs. A crazy person demanding the autopilot and copilot get out of his way.
“So, whats my salary going to be? 20 times higher?”
This is completely mental capacity diminished FUD.
I’m sure there are a few here that could tell us the price of orange juice in 1970, and we know the price now; but suddenly we’re going to see a 450% increase in the price of food? This is not going to turn out like Zimbabwe....oh...well, then again...
Within a decade, pigs may learn to fly. or Not.
Stock up on flour, potatoes, coffee and water before the end of the year...
We should all be planting gardens..
Topsy Turvys are great for strawberries and tomatoes
Strawberries? Gotta try that. My tomatoes are doing well but I don’t think my chili peppers enjoyed the inversion.
Wow, I may have to switch to rye bread or maybe Italian.
Starwberries do great in the Topsy Turvy!
I had a great batch of tomatoes too!
Don’t worry, welfare checks will be adjusted to compensate for the higher prices. If you are not on welfare you will need to grow a really big garden to keep from starving. You can’t grow enough food to survive on on less than several acres, and then only if you have help and work it six days a week.
‘Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!” ‘ — Rev. 6:6
I hope this is all BS....but knowing what happened in the Weimer Republic & even in the US circa 1930’s, I’m inclined to be safe rather than sorry. All of you who dismiss this as hoodyha should remember that in 2008, we didn’t think Obama would get THIS far. I’d hate to see things by 2012.
We’ll all be on welfare. I suspect that’s the idea.
At what point are we getting out the pitchforks? Cuz I am starting to get just a little pissed off.
Well I guess we can all become farmers and share our crops!
Yup. Zimbabwe is the model.
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