Anyone who has been to the grocery store lately has likely noticed the spike in food prices. But most are warning that because this is a hyperinflation situation, we should be expecting the prices of food and other necessities to continue to go up.
According to a report by Yahoo News, food price inflation, on a 12-month unadjusted basis, is running at 2.4% and was up 0.4% in April, the largest increase since October 2020. Overall inflation is running at 4.2% the largest 12-month increase since a 4.9% increase for the period ending September 2008. Even that’s likely a dramatic understatement based on the fact that most report an over 20% rise in food costs.
The mainstream media is now warning that we should expect the prices to continue to rise in the face of hyperinflation caused by money creation and fewer products thanks to the ruling class’s desire to destroy the food supply chain, which COVID gave them the perfect excuse to do.
“Any animal that you eat is eating grains, and it’s eating corn, soybeans, or soybean meal, and perhaps even some wheat,” said Sal Gilbertie the CEO and president of Teucrium Funds, the company’s ETFs track prices for corn, soybeans, and wheat. “We see the prices of these grains go as high as they’ve been literally since 2012, 2013,” Gilbertie told Yahoo Finance Live.
Yikes! Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation
Food industry manufacturers blame increasing chicken prices on the national labor shortage (but we all know it’s the fault of the central banks and their money creation) as well as an increase in demand. But, the Bloomberg Agriculture Spot Index, which tracks key farm products, saw prices spike at the end of April hitting their highest level in nine years. That surge is also driving up prices for bread and meat.
Everyone should be prepared. Grab a few extra things now each time you shop if you haven’t been. It sure looks like before too long, we will be faced with a dystopia future in which prices are so high, the middle class has been priced out of eating.
Stay alert and aware. Take notice on your own that prices are going up and use your critical thinking. We are lied to constantly and consistently and the only way to beat the rulers and elitists hellbent on the enslavement of humanity is to wake up and start to question things while thinking for ourselves.
Buy extra food in bulk, it is cheaper by the case.
Invest in silver and gold, and Gold (ticker). it will help you pay for those inflated prices. Gold is predicted to go to $3,000 an ounce with this over spending and devaluating the dollar.
Grow your own food.
Go fishing to add to your meat.
Enjoy your days knowing you beat the inflation.
Food prices are indeed going up. I used to have a hard time spending $120 at Aldi now it adds up to around $160 per trip. Every time I am at the grocery I buy oatmeal, rice, dried beans, canned fruit and either soap or paper goods. At any minute another sector of our grid could go down. Just a matter of time.
Back in Nixon’s day, it was called the Wage and Price Spiral. Prices went up, so wages went up to keep pace. Then prices went up to keep producers making a profit. Etc., etc., etc.
That worked because the US was an industrial behemoth and made most everything here.
Now all the manufacturing jobs have left for greener and cheaper pastures. In China, the highest minimum wage is $382/month in Shanghai. The lowest is $172/month in Liaonig. Beijing has the highest hourly minimum wage at $3.70 an hour. This is what the US needs to beat in order to bring manufacturing back. Other SE Asian countries are even cheaper.
The workers want $15 an hour minimum wage in the US mostly for service jobs. At that rate, the manufacturing jobs are never coming back. Why? It’s called free market capitalism whereby capital is deployed where it can get the best return. It’s what happens with deregulation of the financial sector and printing of an unbacked reserve currency.
The writing has been on the wall since the mid 90’s but most people did not want to read it.
Cheap overseas labor and Automation have eliminated umpteen million jobs in America and counting.
It’s just a matter of time until there’s more people living off assistance than working for a living.
Inflation? I guess, too.
When I was a kid, it was five and dime stores. Twenty years ago it became dollar stores…everything a dollar or less. What’s next…Benjamin stores…$100 or less?
Bazooka gum was 1 penny and you get real gum made with chicle…not the modern Bazooka made with hydrocarbon plastics. You also got a comic and could order stuff like xray specs that were supposed to see through the girl’s dresses (they didn’t work).
Caps were a nickel for five rolls. We couldn’t afford a real cap gun so we set off the caps with a rock on the sidewalk. Soda was a dime for 10 ounces. And you could go around along the streets and collect all the returnable bottles for a nickel each.
I guess I forgot to mention minimum wage was $1.60, so maybe things weren’t really so cheap back then.
JRS… my wife and I where just talking about the roll caps. How we would sit for hours on our porch or side walk as kids and smack those things. Great fun, memories, and simple times.