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.
Time to haul out ye ole bread machine and start stocking up on yeast and flour!
....and an angel was crying "A measure of wheat for a penny! A measure of wheat for a penny!" (Revelation)
(A measure of wheat is an entire days wages, and it makes one loaf of bread.)
There’s a reason DC is “gun free” and much of Congress has access to private, underground tunnels and their own private security.
Government can't solve the problem. Government IS the problem.
Data please. But wow.
Stalin, another well known socialist, just let everyone starve to death.
Article is absolute garbage and scare mongering.
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Go ahead and keep your head in the sand. This is what happened under Carter. The debt we have now is already much higher than then. There is no other conclusion. IF you don’t prepare and you think the government can protect you then YOU depend on it. I intend to have some goodies squirreled away.
The writing is already on the wall, this is going to happen it is too late to stop it. You better get ready for it.
I personally believe the Great One is doing this on purpose so that he will have us all beg him to take over and feed us.
The liberal elite won’t care. They will just give themselves raises. The normal person will be reduced to poverty - and the liberals will finally be happy because they will have achieved income equality - everyone equally poor except themselves.
It'll work for a while, but eventually everything will be stolen. It's easier for people to steal food than to grow their own (sort of like food stamps). In addition to a temporary garden, learn to find edible wild plants and how to trap. Because others won't know what's edible, you'll have all the wild food in the area for yourself and your family.
Let them nibble now - when the collapse comes you'll be free to fire away - nobody will care and you won't have to drag the deer as far......
I live in a residential area, have a 1/2 acre though - yesterday a buck was slowly making is way behind the shed (about 175 feet) - could have stood on my patio and dropped him with my .30-30 easy as pie.
After the collapse, my little antlered friend......
“Wow, I may have to switch to rye bread or maybe Italian.”
Not me, I’ll just eat cake.
“Yup. Zimbabwe is the model.”
Obozo will send his home boys out to take over the farms, that’s the Zimbabwe model.
I will simply eat cake.
project ping
I have my own garden and I raise nine chickens. I’m a lot better prepared than most others in my area.
What a crock.
Mr. President, we must not allow a mineshaft gap!
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