No Relief In Sight: Food Prices Will Continue To Go Up
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.
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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.
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.
Article posted with permission from Mac Slavo