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FOOD PRICES: WHEN ARE THEY TOO HIGH?

February 14, 2011

 

We all know that food prices are rising.   How high the prices will go is anyone’s guess.  I wanted to take a look at what is going on with food prices and to what extent they might affect us here in the good old USA.  What I will share with you is quite stunning.  It’s a frightful thought to imagine that protests and riots  in Tunesia, Egypt and other countries could happen here in our own backyard.  I’ll lay all the information on the table and you decide what the future holds.

   In November 2008,  predictions were made by  Gerald Celente, the CEO of Trends Research Institute.  He  is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News.

Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts. 

In a separate recent interview, Celente went further on the subject of revolution in America.

“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”

“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”  This has occurred already with the TEA Parties all over the nation.

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”  Homelessness is on the rise as I write this.  People are getting forclosed out of their homes at an alarming rate.  This is tragic for many Americans.

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”   I can’t argue with his thinking here.  Many parts of our inner cities are war zones.

The George Washington blog has compiled a list of quotes attesting to Celente’s accuracy as a trend forecaster. 

Two years later in 2010,  The National Inflation Association is warning of a food crisis in America as soon as next year and possible “societal collapse” as a result of the Federal Reserve’s new quantitative easing program that threatens to eviscerate the buying power of the greenback.So far in 2010, the following farm commodities have already skyrocketed at an unprecedented pace.

– Wheat is up 84 per cent.
– Corn is up 63 per cent.
– Sugar is up 55 per cent.
– Soybeans are up 24 per cent.

So the biggest question is, just how high can they go?   Could we see prices like this:-

– A standard 24 oz loaf of bread will cost over $23 dollars.
– A 32oz package of granulated sugar will cost over $62 dollars.
– A 11.30 oz container of roast coffee will set you back over $77 dollars
– A 64 fl oz container of Minute Maid Orange Juice will cost more than $45 dollars.
– A Hershey’s Milk Chocolate 1.55 oz candy bar will cost over 15 dollars.
– A plain white men’s cotton t-shirt will cost $55.57

The devaluing dollar may not be the only cause for the rising prices in food.   The U.K. Telegraph reports that various countries in Asia, the Middle East, and North Africa, are buying up rice, wheat, and other grains by the hundreds of thousands of tons. In some cases, they are buying enough to last up to a year.  These efforts, which presumably are to offset the disruption caused by major shortages, are actually creating shortages of their own, however. They are also further driving up prices.   According to some experts in the industry, the wave of panic buying has only begun. Once one country takes the first move in initiating panic buying, many others follow suit, which makes the situation perpetually worse.

 Algeria has already purchased 800,000 tons of wheat, while Saudi Arabia has stockpiled 12 months worth of wheat. Bangladesh has reportedly tripled its rice imports, and Indonesia has purchased 820,000 tons of Thai rice. Ironically, all this buying activity is creating even worse shortages that will raise prices for other countries who import these commodities.

Then there is the problem of actual food shortages. Changing weather patterns, unseasonable warm and cold spells, droughts, floods, and other erratic climate conditions in various growing regions have destroyed many crops and significantly reduced yields over the years. 

On Februaury 7th,  2011,  this was reported:  If revised Chinese import estimates by the US Grain Council are even remotely correct, look for corn prices of $6.80 a bushel at last check to jump by at least 15% in a very short amount of time. As the FT reports, “Corn prices – and with them, the price of meat – are set to explode if the latest import estimates from China are correct. The US Grain Council, the industry body, said late on Thursday that it has received information pointing to Chinese imports as high as 9m tonnes in 2011-12, up from 1.3m in 2010-11.”  Some companies in China have actually been mass producing “fake rice” that is made partly of plastic.  According to one Chinese Restaurant Association official, eating three bowls of this fake rice is the equivalent of consuming an entire plastic bag.

Growing corn to make fuel for cars isn’t sounding so smart anymore.  As you can see, there is alot going on in our world.  The Lame Stream Media is dropping the ball on this.  In my opinion, people should be stocking up slowly, filling their freezers and cupboards.  This kind of prudence could stave off major probems for many people down the road.  The best part, if nothing happens, your food bill will be lower for a long time as you slowly deplete your foodstocks. 

Vigilence can go along way!

Live Free!

G!

  Credits to the following:

http://www.breitbart.com/article.php?id=CNG.0bcf7660807b5b8e782fa73f510af552.471&show_article=1

http://www.prisonplanet.com/corn-prices-to-soar-as-chinese-imports-increase-ninefold-compared-to-official-projections.html

http://www.prisonplanet.com/governments-hoard-food-stockpiles-in-anticipation-of-public-uprisings.html

http://www.prisonplanet.com/nia-warns-of-food-crisis-societal-collapse-in-response-to-fed-money-printing.html

http://www.prisonplanet.com/celente-predicts-revolution-food-riots-tax-rebellions-by-2012.html

http://www.prisonplanet.com/articles/february2008/022508_food_rations.htm

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20 Comments leave one →
  1. February 14, 2011 4:45 pm

    Prepare now by storing food supplies – because if you do it now, it is called “Being Prepared”.

    If you wait until there are shortages – it will be called “Hoarding” and that will allow others to “legally” steal it from you.

    • gmanfortruth permalink*
      February 14, 2011 7:45 pm

      Very good advice BF. I’m going to make a larger purchase in a week or two, just for storage. I’m also looking at organizing the locals in a program I developed called “The Community Defense Cooperative” , The idea is a phone tree to warn of coming danger, call for help , and have volunteers that will confront the problem. We’re very rural here, but nothing is immune if the SHTF.

  2. Judy Sabatini permalink
    February 14, 2011 6:23 pm

    Homeless, yes we have them here in Reno, had tent cities up by the Truckee River, but the mayor told them, they had to go, so, the police enforced that, by removing them, even took their pets away from them, put them in animal shelters, so now, the homeless are finding other places to live, under billboards, under freeways, wherever they can find a spot that just might give them shelter.

    Gas prices are going up here every other day. Right now, the cheapest goes for $3.26 a gallon. Yes, I’ve noticed food prices are going up, while quantities are getting smaller. I have been doing my stocking up now for about 6 months, but still have a long way to go. Can only get so much with what I have to spend, but getting in bulk as well.

    Farmers in Calif can’t grow their crops anymore because of that stupid little fish, the minnow. Since when is a fish more important than the lively hood of farming? Now, what are they suppose to do? Sure, you can grow your own food, but don’t dare try to sell any of it, or give any away, or make any trades, then they force you to rip up your crops & fine you a hefty fine. What are they going to do, go to every single home in America & see if you’re growing your own food supply, & if you are make you rip it up in case you want to be generous & maybe share your food with others.

    Yes, I agree, it’s only a matter of time we end up with riots here in the states if it hasn’t happened already somewhere. Maybe that’s what it’s going to take to get rid of Obama & his regime. Maybe if we quit buying from foreign countries, or giving our money to other countries for everything & do for this country, maybe, maybe, things will get better here, who knows. This once was a proud country, people willing to help each other, but not anymore, everybody is out for themselves & only for themselves for what I can see. People can’t find jobs because it all goes to the illegals because they can pay them cheaper wages. Industries are selling out to other countries as well. This country is going to hell in a hand basket & it’s going to get worse before it even thinks of getting better.

    • February 15, 2011 3:03 am

      They’ll likely take any surplus for, as BF stated, “hoarding” and send it along to “feed those in need,” while you get punished for your bad behavior.

      Get out and get to where they won’t bother coming after you, figuring that you’ll get hungry enough to come into the areas controlled by the government.

      • gmanfortruth permalink*
        February 15, 2011 5:27 am

        Already there!!!

  3. February 15, 2011 6:04 am

    You know it’s funny that you wrote this post when you did. My wife and I went into town last night and did our grocery shopping. We were having sticker shock in a lot of the stuff we normally get.

    We’re careful shoppers, keeping track of the best deals we can get (which is why we end up going to three different grocery stores) and still we felt the pain of the higher prices. For instance, in the course of two weeks the bread we buy jumped in price by $.11, a 12.5% increase.

    We continue our bulk buying “program” and have what we need for long term use.

    • February 15, 2011 6:18 am

      oops,

      that should read “$.11 per loaf, a 12.5% increase.”

      • gmanfortruth permalink*
        February 15, 2011 1:05 pm

        Another trick that’s been going largely unnoticed is smaller packaging, same price. A 16 oz. jar of spagetti sauce was 4.29 one week, the next week it was still 4.29, but now a 12 oz. jar. A 25% increase. Add to this all the crazy winter weather everywhere, and things don’t look good, especially for folks akready struggling.

  4. Judy Sabatini permalink
    February 15, 2011 3:26 pm

    That’s what I said above. For instance mayo, is now $5.29 a jar, but now it’s half the size it used to be. I do a lot of my shopping at Smith’s, they have some really good bargains there. They had Progresso soups on sale for 99 cents a can, compared to a $1.65, so I got a lot, frozen veggies, 88 cents, spaghetti, 10 for 1 $1.00 a box, & so on. I also do bulk buying at Sam’s club as well. You just have to find where the bargains are, & shop there. Also have a few MRE’S in the garage.

    • gmanfortruth permalink*
      February 15, 2011 3:37 pm

      Hi Judy, You already know where we stand, and that’s going to improve more. Buying some storage containers and stocking up on sugar, many other storable items. Prices are going to double (or more) by the end of this year, and next year they could double (or more). As per the SUFA discussion, the states are already taking austerity steps. This will only make food and gas prices a much bigger burden on our society, which could lead to big problems on the streets.

      • Judy Sabatini permalink
        February 15, 2011 4:06 pm

        HI G.

        Yes, I do know where you stand on food storage, just hope I can get enough to last us for a while. I also wish we had a freezer to put things in, but at the moment, can’t afford to buy one, so have to mainly get dried goods for now. Things aren’t good here financially right now, so have to squeeze every dollar I get just to be able to get a little at a time. Guess every little bit helps.

    • February 15, 2011 7:13 pm

      Having limited income to spend on all the stock ups you want to make is – I think – a problem for all regular families (I know it is for my wife and I too). But, and this is where I try to get friends to use their heads and think, buying bits at a time – as you’re doing – is a step towards the goal.

      My wife and I plan carefully every payday. Over the course of the past year I’ve put enough away in the pantry for a month or two of supplies beyond our normal use and I hope to expand that out to where we easily have 6 months (or more) worth of goods stored.

      • Judy Sabatini permalink
        February 15, 2011 8:13 pm

        I’m only sorry I didn’t get an earlier start when all this came about. But, live & learn I guess.

  5. Greg Fessler permalink
    February 16, 2011 2:24 am

    right now everything about the food situation points to nothing short of ugly, ive done a little bit of looking around on the subject, monsanto is not our friend, genetically engineered or chemically altered either way there are reasons we know not about for adding these antibiotics to everything for, brings down our immunity, causes regression, its also believed to be causing the rises in diseases like autism, cancer, alzheimers, all of these things going wrong with us and we still feel safe ? ugh man,, keep em coming g

    • Judy Sabatini permalink
      February 16, 2011 2:28 am

      I also read where the Chinese is also making fake rice, & it even has bits of plastic in it. What, now have to look forward to fake food with plastic in it.

    • gmanfortruth permalink*
      February 16, 2011 3:11 am

      I’ll be working on a lengthy article on Genetically Modified Organisms and Monsato. From what I have on file right now, it’s not very good, but need to do some more “valuable” research for those of us at the lower end of the financial totem pole. 🙂

  6. February 16, 2011 4:06 pm

    I think I agree with much of what is here, except … (come on, you didn’t think I’d really AGREE) … it has little to do with Obama (unless you’re willing to admit he’s on the side of the 2%’s causing the mess). I doubt it’ll come in my lifetime, but a revolution is inevitable where the kind of disparity that is growing daily between the have’s and have nots continues. Please don’t tell me (BF) how the poor today are better off than they were 50-100 years ago. While many of our poorest communities remain brain fogged by either drugs or eletronic toys, at some point they won’t be able to eat them and that is when the once middle class will have to come to terms with survival. How interesting I find it that the Ayn Rander faithfuls discount violence (everything is okay, except you can’t hurt me to get what I have) … boy, that’ll go over big when enough people are faced with survival or a polite “excuse me”.

    • gmanfortruth permalink*
      February 16, 2011 4:11 pm

      Glad you stopped by Charlie! I value all opinions, even those I may disagree with. As for Obama, he’s just the puppet of the 2%, in my opinion. Our Govt. isn’t run by politicians, it’s run by the 2%. I’m not the Ayn Rand type, so that can be estabilshed for future chats. I also agree with alot of your post as well.

  7. February 16, 2011 5:04 pm

    Cool beans, G-man. Trust me, I’m not a helpless lefty … I know there’s abuse from all angles (the left and the right) but in this global economy, without serious regulations I don’t see how the middle class ever keeps from becoming poor. The problem, of course, is how to regulate the regulators. So long as money talks, corruption will be right there with it.

    • gmanfortruth permalink*
      February 16, 2011 5:12 pm

      Excellent 🙂

      The article before this one explains how I feel about our current situation. I used a lot of Thomas Jefferson quotes, they seem very fitting today. I also have a new article going up around midnight, that will surely be controversial, and explians how I feel where we are all heading. Should be fun!

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