If you don’t 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.
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.
Wow, I may have to switch to rye bread or maybe Italian.
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.
At what point are we getting out the pitchforks? Cuz I am starting to get just a little pissed off.
That’s allright.
In 10 years, the minimum wage will be $50.00/hour.
Article is absolute garbage and scare mongering.
I remember having a discussion back in 2002 with a Marine who said that Russia was buying up all of the wheat along with China and rice for an approaching asteroid in 10 to 12 years that would wipe off more than half of the planet. That they were storing cattle and building cities and tunnels for survival in mountains and that the U.S.A. has ZERO plans for a national disaster like they do.
I am always interested in what ever stories people want to tell me...just found it interesting at the time and right now since he said once you see the cost of wheat sky rocketing then you will know something for sure is coming.
Now...back to my tin foil.
Some brands of bread are already $3.50 per pound in Los Angeles County. I expect about $5.00 in the summer of 2011.
I would worry MORE about food shortages due to skyrocketing fuel costs or sever distributions to the supply chain(fertilizer,seed etc) than about hyperinflation.
Too many people assume that if the dollar crashes, the food industry will continue to function normally. It won’t.
Time to haul out ye ole bread machine and start stocking up on yeast and flour!