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.
That’s allright.
In 10 years, the minimum wage will be $50.00/hour.
We’re worried about the price of bread, and The King is staying in a $16,000 per night hotel room.
I see a problem there.
Rice and oatmeal. Both keep a long time. Oats have avenalin, which is a protein comparable to soy protein. Also, peanut butter. My daughter could live on that, and it’s a good thing because she is not much of a meat eater.
We have a well for watering outside. I will filter it.
I’m up to my 20th can of coffee.
Article is absolute garbage and scare mongering.
With Obama as POTUS we should be concerned about ANYTHING and EVERYTHING....
“For every economic problem the U.S. government tries to solve, it always creates two or three much larger catastrophes in the process,”
Well I guess we can all become farmers and share our crops!
Not with Monsanto and their genetic seeds protected by the government and other moves against the small farmers, farmers markets and home gardeners in Ag bill proposals and elsewhere.
I could live on Peanut Butter as well..
I would miss coffee...I see those prices now going up! Coupons are coming in handy...
Get some potatoes and store them in a dark dry place.
There, you have your seed potatoes.
If they were good enough for the Irish, they will be good enough for us.
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.
Unless they pass the Food Safety Bill. When that gets back to the table we'd better burn up the phone lines to our reps!
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 got me an acre, and about 40% is free for planting. Just have to keep the frigging deer and smaller critters out. I'm working on that. But I can't get away with shooting them.
I say this...THey might be able to store,hoard up earthly riches, food, shelter etc and hide from *Us* but they cannot hide from GOD...So let us always remember to put our faith in GOD never man.....
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.
And hope your freeloading neighbors don’t sneak in at night and clean your garden out
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An excellent use for the excess mines that our ‘Army of ONE’ will not be needing.
When they first came out with that ‘slogan’, I couldn’t figure where it made sense.
But cut back enough etc and that is what we will be left with.
Put a wire fence around?
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