|Bread prices could go as high as $23 a loaf by 2020|
due to the effects of inflation
“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. 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/…
I also predicted “food disruptions” in my list of predictions published earlier this year at http://www.naturalnews.com/028167_p…
(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…)
In the mean time, stay tuned to NaturalNews for tips and strategies on how to do more with less in uncertain times.