A loaf of wheat bread may soon cost $23 due to skyrocketing food price inflation

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 moneycreation 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.”

Read Full Article

RELATED VIDEO:
The End of Liberty

RELATED ARTICLES:
Banksters Inflate Speculative Food Bubble
FAO food price index hits 27-month high