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.
bttt
bttt
Social Security should have some really good COLA increases than. /sarc.
Great point!
I'm working on it. Lots of chores to do and that is on the list. I'm limited to 6 feet, which does the job unless the deer are determined. I'll probably go with wood since they are less likely to jump if they can't see what's on the other side (such as a giant pricker bush), or so I've been told.
I've seen video of them easily clearing 8 feet when running. I also read that some forest service folks have seen them clear 12 feet.
In our little town we have three new dollar stores. Bought loaf of whole wheat bread for one dollar. How soon will they change there names to the 24 dollar or more store.
heheheh...’storage on the hoof’...
cool site...
Wow
Wow
How stupid are you?
A water well is good, but the EPA forbids harvesting THEIR rainwater. No joke.
Seriously?
I have two rainbarrels. I’ve been harvesting for years.
Zimbabwe is indeed the model. It’s all part of Obama’s plan for putting the United States in its place for daring to be successful. Instead this country will be turned into a fourth world dump.
These claims are too over-the-top. An article projecting OJ at $11.00 a carton or bread at $5.50 would be a lot more scary.
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