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.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.The interesting part of this story is with us knowing this, what is your personal game plan when the price does in fact manifest before our eyes? What is your intent to prepare for this? One fact I know for sure is, a 401K won’t do it. An IRA won’t do it. A Fixed Index Annuity won’t do it. A regular savings account at your local bank won’t do it. Doing absolutely nothing at all, for sure won’t do it.Our attempt to engage into the Crypto Currency era is the only way I can see us as a people prepare for such a day to come. A tangible source of wealth that controlled by the people and not by the Government. The ability to grow massively to be in perfect position to help others achieve their goals financially.