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A loaf of wheat bread may soon cost $23 due to skyrocketing food price inflation
Posted By admin On November 6, 2010 @ 5:06 am In Commentary | Comments Disabled
Nov 6, 2010
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.
Authored by Gerard Adams (no relation to myself, Mike Adams), this report makes the connection between the Fed’s runaway money  creation policy (“quantitative easing”) and food price inflation . (http://inflation.us/foodpriceprojec… )
“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.
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.
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. Catch the details on that story at http://www.naturalnews.com/029999_f… 
The UK Guardian newspaper is also reporting on “soaring food prices” due to fast-rising commodity costs: http://www.guardian.co.uk/business/… 
(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.
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URL to article: http://www.prisonplanet.com/a-loaf-of-wheat-bread-may-soon-cost-23-due-to-skyrocketing-food-price-inflation.html
URLs in this post:
 money: http://www.naturalnews.com/money.html
 inflation: http://www.naturalnews.com/inflation.html
 http://inflation.us/foodpriceprojec…: http://inflation.us/foodpriceprojections.html
 food: http://www.naturalnews.com/food.html
 http://inflation.us/foodpriceprojec…: http://inflation.us/foodpriceprojections.pdf
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Image: http://www.infowarsshop.com/United-We-Fall_p_339.html
 food prices: http://www.naturalnews.com/food_prices.html
 http://www.naturalnews.com/029999_f…: http://www.naturalnews.com/029999_food_prices_energy.html
 http://www.guardian.co.uk/business/…: http://www.guardian.co.uk/business/2010/nov/05/wholesale-food-prices-soar
 predictions: http://www.naturalnews.com/predictions.html
 http://www.naturalnews.com/028167_p…: http://www.naturalnews.com/028167_predictions_2012.html
 NaturalNews: http://www.naturalnews.com/NaturalNews.html
 The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation: http://www.prisonplanet.com/the-25-countries-whose-governments-could-get-crushed-by-food-price-inflation.html
 Food Price Inflation Threatens Global Security: http://www.prisonplanet.com/food-price-inflation-threatens-global-security.html
 Here’s The Real Cost Of Food Inflation In America: http://www.prisonplanet.com/heres-the-real-cost-of-food-inflation-in-america.html
 Inflation, fueled by gas and food prices, adds to worry: http://www.prisonplanet.com/inflation-fueled-by-gas-and-food-prices-adds-to-worry.html
 The Food Inflation Nightmare Is About To Hit 40% Of The World’s Population: http://www.prisonplanet.com/the-food-inflation-nightmare-is-about-to-hit-40-of-the-worlds-population.html
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