Hyperinflation may cause bread to cost $23 per loaf
Hyperinflation is coming, so get ready. Will soaring food prices be the biggest problem for the U.S. in 2011?
In a report released on Friday, 5 November, 2010, the National Inflation Association gives its projections of future U.S. food price increases due to the massive monetary inflation being created by the Federal Reserve’s $600 billion quantitative easing.
NIA’s President Gerard Adams believes food inflation will take over in 2011 as America’s greatest crisis. According to Adams, “making mortgage payments will soon be the last thing on the minds of all Americans. We currently have a currency crisis that could soon turn into hyperinflation and a complete societal collapse.”
The report highlights that despite cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October, these huge commodity price increases have yet to make their way into America’s grocery stores. But soon, all retailers will have to substantially raise food prices at the same time.
This is why storing food and water for your family is a great idea. You can start right here.