Why Are Food Prices Going Up So Rapidly?

For a long time I have been warning that global food prices would rise dramatically, and that is precisely what we have witnessed over the past 12 months.  Unfortunately, global wages are not rising nearly as quickly as global food prices are, and so this has pushed millions and millions more people into poverty and hunger.  Here in the United States, nobody is currently in danger of starving to death, but many Americans have been getting a severe case of sticker shock when they go to the grocery store.  Not since the Jimmy Carter era of the 1970s have we seen prices escalate like this, and people are starting to get angry.

Since the beginning of the pandemic, global food supplies have been getting tighter and tighter.  When I first started writing about this, certain individuals derisively dismissed what I had to say, but now the truth is becoming apparent to everyone.

Very tight supplies and growing demand have pushed global food prices 32.9 percent higher over the past year…

Central banks and mainstream media continue to peddle the notion that soaring food inflation is temporary and the average Joe and Jane should not worry about it. But in a new report via the Rome-based Food and Agriculture Organization (FAO), global food prices are on the rise, once again, and back to near-decade highs.

FAO released a statement Thursday that detailed after two consecutive months of declines, world food prices in August jumped due to solid gains in sugar, vegetable oils, and cereals.

FAO’s food price index, which follows international prices of globally traded food commodities, averaged 127.4 points in August, up 3.9 points (3.1%) from July and 31.5 points (32.9%) from the same period last year.

Unfortunately, experts are telling us that food prices are going to continue to climb.

In fact, one is estimating that food prices will continue to go up like this “for the next two years or so”

Grocery prices have been on an upward trend for most of the year, and some experts say that this will continue for at least the next several years.

“We’re going to continue to see price increases, probably for the next two years or so,” says Phil Lempert, an analyst and food trends expert perhaps best known as the Supermarket Guru.

This is really bad news.

So why is this happening?

Well, the Biden administration is blaming the greed of the meat processing industry

During Wednesday’s press briefing, National Economic Council Director Brian Deese and Agriculture Secretary Tom Vilsack spoke about the actions the administration was taking to help alleviate what Deese called ‘pandemic profiteering’ from the top meat processing companies.

‘One of the interesting findings of the report that we put out today, is that about half of the overall increase in grocery prices can be attributed to significant increases in prices in three products – in beef, in pork and in poultry,’ Deese said from the podium.

Certainly greed is playing a role, but as Zero Hedge has pointed out, a whole host of other factors are contributing to this crisis as well…

A combination of global droughts, volatile weather, labor shortages, and supply chain disruptions persisting from COVID, among others, have contributed to the rapid rise in food prices over the last year.

Heading into fall, soaring food inflation shows no signs of abating and may worsen. This may cause socio-economic turmoil in emerging market economies, mainly because people in those countries allocate more of their daily budgets to food.

The pandemic was supposed to be subsiding by now, and so by this time of the year prices were supposed to be starting to stabilize.

But instead the Delta variant is causing widespread panic, and this is causing more disruptions throughout our entire society

The summer that was supposed to mark America’s independence from COVID-19 is instead drawing to a close with the U.S. more firmly under the tyranny of the virus, with deaths per day back up to where they were in March.

The delta variant is filling hospitals, sickening alarming numbers of children and driving coronavirus deaths in some places to the highest levels of the entire pandemic. School systems that reopened their classrooms are abruptly switching back to remote learning because of outbreaks. Legal disputes, threats and violence have erupted over mask and vaccine requirements.

We already had a shortage of nurses and other health care workers before this pandemic, and now all of the various mandates that have been instituted threaten to cause a meltdown of the entire system

Fortune.com reported last week that about 39 percent of U.S. hospitals have announced vaccine mandates for staff members.

“It’s not just nurses at stake with vaccine mandates. Respiratory techs, nursing assistants, food service employees, billing staff and other health care workers are already in short supply. According to the latest KFF/The Washington Post Frontline Health Care Workers Survey, released in April, at least one-third of health care workers who assist with patient care and administrative tasks have considered leaving the workforce,” according to Fortune.

I can’t even begin to describe how foolish it is to institute mandates that could potentially force thousands upon thousands of health care workers to leave their jobs right in the middle of a pandemic.

But that is what we are now facing.

The way that we have responded to this pandemic has been a complete and total nightmare, but those running things seem entirely convinced that they are on the right track.

Moving forward, there is going to be more panic, more chaos, more shortages and more price increases.

So even though food prices are already ridiculously high, now is the time to stock up, because food prices are only going to go higher from here.

I have been doing my best to sound the alarm, but sometimes I feel like I am pounding my head into a wall.

Most people just have an absurd amount of faith in the strength and durability of our system, and so they refuse to believe that it could ever fail.

But it is failing, and what we have experienced so far is just a preview of coming attractions.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Inflation Shock: Are You Ready To Start Paying “$40 Or $50” For A Hamburger?

After decades of living in a relatively low inflation environment, it is hard for most Americans to believe that things have gotten so bad so quickly.  In fact, even though I write about this stuff almost every day, it is hard for me to believe it.  We are watching prices spiral out of control all over the nation, and we know precisely who is to blame.  During the pandemic, our politicians in Washington have been borrowing and spending money at an unprecedented rate, and this has pushed our national debt up to 28 trillion dollars.  Meanwhile, the Federal Reserve has been pumping trillions of fresh dollars into our financial system, and this has resulted in the Fed balance sheet nearly doubling over the course of this pandemic.  I have used the term “economic malpractice” to describe what our leaders are doing, but it is actually far worse than that.  They are literally in the process of destroying our economy, and even after so many experts have pointed out their colossal errors they still won’t stop.  They just keep creating more money, and now we have a horrific inflation crisis on our hands.

Following Joe Biden’s town hall on Wednesday night, the Daily Mail spoke to a restaurant manager in Manhattan named John Stratidis.  According to Stratidis, rising costs and rising wages will mean that consumers will have to pay more for their meals.  In fact, he is warning that New Yorkers could end up “paying $40 or $50 for a hamburger”

‘When minimum wage goes up, who do you think is going to pay for that? The customer. Everything is going to go up just to be able to stay in business. When we give more money, the prices go up and when the prices go up who’s going to pay for that?

‘They’re going to be crying about it, and saying “it’s too expensive”. That’s inflation. You’re going to be walking in somewhere to eat something and paying $40 or $50 for a hamburger.’

Obviously, we aren’t at that point yet.

But if we stay on the path that we are currently on, we will eventually get there.

In some tourist traps, prices for burgers are already completely insane.  For example, one Las Vegas restaurant is now selling a burger that costs $100

Located on the casino floor and a few steps from the poker lounge, Posh Burger offers seven burger choices, ranging from a $12 traditional hamburger to a $23 half-pound “super deluxe” waygyu steak burger, plus the option of a $16 vegetarian Impossible burger.

For diners looking to play out their high roller fantasies, an eye-catching $100 menu highlight is dubbed the Posh Royale Burger and created with wagyu beef, truffle, foie gras, gold dust, a garnish of lettuce, tomato, onion, pickles, and the secret Posh sauce.

That is crazy, but that isn’t even the most expensive burger around.

In the Netherlands, one luxury chef is actually selling a burger for $6,000.

I still remember the days when you could get a nice, thick fancy burger with all of the fixings for less than a dollar.

Sadly, those days are long gone, and food prices are now rising at a frightening pace all over the country.

The other day, billionaire John Catsimatidis made headlines when he warned that there would be a double digit spike in food prices “by October first”

Catsimatidis said that he expects a 10 to 14% spike in food prices by October first.

FOX Business’ Ashley Webster asked Catsimatidis if he is going to be forced to pass the extra costs onto consumers.

“You have to pass it on otherwise you’re not doing your duty to guard your country, your employees and your company,” he responded.

But at least housing is still affordable, right?

Actually, CNN is reporting that home prices are 23 percent higher than they were at the same time a year ago…

The median price for an existing home in June hit an all-time high of $363,300, up 23% over last year. That marks 112 straight months of year-over-year gains.

23 percent in one year!

Has your paycheck gone up by 23 percent over the past year?

If not, you are rapidly losing ground.

Renters are not faring much better.  In some of the hottest rental markets around the country, rents have risen by more than 20 percent.  The following example comes from the New York Times

Kaitlin Cindrich is facing a $200 monthly increase in rent this August if she and her husband can renew their apartment lease in Provo, Utah. That 25 percent jump is not something she expected, and the 21-year-old fears she may have to skip doctor appointments for her autoimmune disease to keep up with the payments.

Still, she acknowledges there isn’t much choice but to pay more. “We are hoping to stay because everything is so expensive right now that I would be paying the same whether I’m here or somewhere else,” Ms. Cindrich said.

Some markets are seeing more moderate increases, but overall we have seen rental prices increase by 9.2 percent up to this point in 2021…

Data from Apartment List, a listing site, confirms the trend visible in the Zillow numbers: So far in 2021, rental prices nationally have grown 9.2 percent, compared with the 2 to 3 percent that is typical from January to June. According to the most recent data available, prices were higher than economists at Apartment List would have expected had prepandemic trends persisted.

So what will the rest of 2021 look like?

Will rental prices have risen by a total of 15 or 20 percent by the time the year is through?

The Biden administration continues to insist that inflation is “low”, but hardly anyone believes them.

In fact, one recent survey found that 70 percent of Americans are “extremely or very concerned” about inflation…

A new internal poll from the National Republican Congressional Committee (NRCC) shows growing concerns about rising inflation in a number of battleground districts ahead of 2022.

Seventy percent of respondents said they were either “extremely or very concerned” about rising prices and the rising costs of living, according to the polling memo released Thursday. Additionally, 60 percent of voters said they disapproved of President Biden‘s handling of rising prices and the higher cost of living. On top of that, the poll found that 42 percent of people polled were more likely to blame Biden and congressional Democrats for rising prices. Ten percent said they were more likely to blame congressional Republicans.

If you are in the 30 percent that is not very concerned about inflation, you should be, because it is going to absolutely suck the life out of your standard of living.

Meanwhile, more shortages continue to pop up throughout our economy.

Earlier today, I was stunned to learn that a shortage of back-to-school supplies is now being projected…

Back-to-school shopping is always a nightmare. This year, expect it to be even worse.

While parents may be used to encountering shortages of items like sneakers, backpacks and gadgets later in the season -— which typically lasts from mid-July through the end of August — products are expected to be in tight supply even earlier. That means shoppers could find themselves picking over the handful of ugly backpacks and bento lunch boxes with missing pieces left at the store as early as this month.

In the new book that I just released, I have an entire chapter about hyperinflation and shortages.  Everyone could see this coming from a mile away, but our leaders just couldn’t help themselves.

Whenever a major crisis comes along, their only answer is to create, borrow and spend more money.

Many are comparing this to the Jimmy Carter era of the 1970s, but the truth is that what we are facing is much worse than that.

We are literally witnessing our nation commit slow-motion economic suicide, and it is absolutely horrifying to watch.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five others that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

5 Specific Reasons Why You Should Stockpile Food Right Now

For decades, Americans have not needed to be concerned about food prices.  Yes, prices would always go up by a little bit each year, but in general we have been extremely blessed for a very long time.  Our supermarkets have always been packed with food, and we could always count on the fact that prices would be about the same a month or two down the road.  Unfortunately, things are now changing, and not in a good way.  A massive wave of inflation has hit agricultural commodities, and food producers have felt forced to pass those cost increases along to consumers.  Unfortunately, many experts are anticipating that the price hikes that we are currently witnessing are just the beginning.

So even though food prices have already become quite painful, they are never going to be any lower than they are at this moment.

Looking forward, there are several factors that are likely to combine to cause food inflation to accelerate even more in the months ahead.  The following are 5 specific reasons why you should stockpile food right now…

#1 Supermarkets are feverishly stockpiling food, and the Wall Street Journal is reporting that they are doing this in anticipation of “the highest price increases in recent memory”…

Supermarkets are stocking up on everything from sugar to frozen meat before they get more pricey, girding for what some executives anticipate will be some of the highest price increases in recent memory.

This only makes good business sense.  If you can get inventory now for significantly less than you will be able to get it for later, that will help your bottom line.

The Wall Street Journal is admitting that all of this stockpiling “is driving shortages of some staples”, but it is expected that these shortages will just be temporary.

I can’t remember a time when we have seen anything quite like this.  At this point, some companies are purchasing up to 25 percent more food than normal

David Smith, CEO of the US’s largest wholesaler Associated Wholesale Grocers, told the Wall Street Journal they have been buying 15 to 20 percent more goods – particularly packaged foods with long shelf lives.

‘We’re buying a lot of everything. Our inventories are up significantly over the same period last year,’ said Smith.

At SpartanNash in Michigan, the retailer has bought up around 20 to 25 percent more than normal including frozen meat.

#2 The U.S. government is going to continue recklessly spending money, and the Federal Reserve is going to keep pumping more giant mountains of fresh cash into the financial system.

The Biden administration doesn’t seem to have an “off button”, and neither does the Fed.  The U.S. national debt is moving up toward the 29 trillion dollar mark very rapidly, and the Fed’s balance sheet has more than doubled over the past year.

Unless there is some sort of a dramatic reversal, and I don’t see why there would be, this continual flow of new money will continue to push food prices even higher.

#3 Gas prices keep surging, and this is making it more expensive to transport food around the country.

According to the AAA Gas Price Index, the average price of a gallon of gasoline is up 56 percent from what it was last May…

Transport costs are also rising with gas prices rising 56 percent in May from a year ago.

On Friday, the AAA Gas Price Index pegged the national average gas price at $3.086, up from $2.171 one year ago.

#4 The endless “megadrought” in the western states just continues to intensify.

If you look at the latest U.S. Drought Monitor map, it is a horror show.  We haven’t seen anything like this since the Dust Bowl days of the 1930s, and water levels are dropping dangerously low.

For example, the water level in Great Salt Lake is expected to hit the lowest level in 170 years this summer…

The lake’s levels are expected to hit a 170-year low this year. It comes as the drought has the U.S. West bracing for a brutal wildfire season and coping with already low reservoirs. Utah Gov. Spencer Cox, a Republican, has begged people to cut back on lawn watering and “pray for rain.”

For the Great Salt Lake, though, it is only the latest challenge. People for years have been diverting water from rivers that flow into the lake to water crops and supply homes. Because the lake is shallow — about 35 feet (11 meters) at its deepest point — less water quickly translates to receding shorelines.

Because there is not enough water, many farmers are having to dramatically reduce the amount of crops that they are growing.

Small farmer Mindy Perkovich is only growing produce on one of her seven acres at this point, and she openly admits that she doesn’t know if she will even have enough water for that…

Perkovich typically grows things like turnips, squash and tomatoes for the local market on seven acres. This season, though, she’s had to cut her crops down to less than a single acre.

“We don’t know if we’re gonna have water to keep that alive,” she says. “Financially, I can’t really even express how dramatic it’s changed in the last couple years, water-wise, because without water, we can’t grow crops without crops, we have nothing to sell to our consumers.”

Agricultural production in the western states will be lower than originally anticipated this year, and that will also put upward pressure on food prices in the coming months.

#5 On top of everything else, an enormous plague of grasshoppers is now causing massive headaches for farmers in our western states.

As I discussed on Sunday, the extremely hot and extremely dry conditions are perfect for grasshoppers, and they have been multiplying like crazy.

In some areas, the swarms are so thick that “it can appear the earth is moving”, and there are times when the swarms are so large that they are actually appearing on radar.

Seven states are being hit particularly hard, and the federal government is going to begin a large scale spraying campaign.  The spraying may reduce the plague, but all of the experts agree that it will not stop it.

Grasshoppers will continue to eat our crops on a massive scale for many months to come, and this is another factor that will be driving up food prices.

So, to summarize, the outlook for the months ahead is rather bleak.

A number of factors are going to combine to push prices significantly higher, and so if you can afford to stock up you should be doing so.

Our leaders continue to insist that this bout of inflation is just “transitory”, and you can believe them if you like.

But the truth is that high inflation is here to stay, and what we have experienced so far is just the tip of the iceberg.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Ranchers Sell Off Cattle And Farmers Idle Hundreds Of Thousands Of Acres As America’s Drought Emergency Escalates

In my entire lifetime, this is the worst that drought conditions have ever been in the western half of the country.  During the past 20 years, the amount of territory in the West considered to be suffering from exceptional drought has never gone higher than 11 percent until now.  Today, that number is sitting at 27 percent.  The term “mega-drought” is being thrown around a lot these days to describe what is happening, but this isn’t just a drought.  This is a true national emergency, and it is really starting to affect our food supply.

Just look at what is happening up in North Dakota.  The vast majority of the state is either in the worst level of drought or the second worst level of drought, and ranchers are auctioning off their cattle by the thousands

“Normally this time of the year, we’re probably looking at 400-600 head and a lot of times would be every other week,” said former auctioneer Ron Torgerson.

On Sunday and Monday, more than 4,200 head of cattle were sold at Rugby Livestock and Auction.

Needless to say, ranchers in North Dakota don’t want to get rid of their cattle, but the drought has pushed prices for hay and corn so high that many of them simply have no choice.

One of those that has already been forced to sell a large number of cattle is rancher David Bohl

As the drought continues, the price of hay and corn has gone way up. It’s more expensive for ranchers to try and supplement feed than it is to sell the cattle.

Bohl has already sold 200 of his head in the last month.

“Everybody is in the same situation, they’re going to have to sell probably 25 to 50% of them because there’s nowhere to go with them we just got no food to feed them,” Bohl said.

As cattle herds shrink all over the western half of the country, this is going to push beef prices significantly higher than they are right now.

And in many areas, they are already at ridiculous levels.

Meanwhile, the drought continues to push the water level in Lake Mead into the danger zone.  According to CBS News, Lake Mead will soon hit the “lowest level ever recorded”…

For more than eight decades, the iconic Hoover Dam has relied on water from Nevada’s Lake Mead to cover up its backside. But now, at age 85, it finds itself uncomfortably exposed. Much of the water the dam is supposed to be holding back is gone.

“This is like a different world,” said Pat Mulroy, the former head of the Southern Nevada Water Authority. She told CBS News senior national and environmental correspondent Ben Tracy that Lake Mead, the nation’s largest reservoir, is on track to soon hit its lowest level ever recorded.

Since the year 2000, the water level in Lake Mead has declined by a whopping 30 feet, and it is currently at just 37 percent of capacity.

The dam’s hydropower output has already been reduced by about 25 percent, and once the water level gets low enough it will stop producing electricity completely.

In addition, many farmers that rely on water from Lake Mead are facing a very uncertain future at this point…

For the first time ever, the federal government is expected to declare a water shortage on the lower Colorado River later this summer. That will force automatic cuts to the water supply for Nevada and Arizona starting in 2022. Homeowners have higher priority and, at first, won’t feel the pain as badly as farmers.

Dan Thelander is a second-generation family farmer in Arizona’s Pinal County. The water to grow his corn and alfalfa fields comes from Lake Mead. “If we don’t have irrigation water, we can’t farm,” he said. “So, next year we are going to get about 25% less water, means we’re going to have to fallow or not plant 25% of our land.”

Unless something changes, Thelander and other farmers in the region could potentially have all water cut off in 2023.

That is just two years away.

Of course there are many farmers in California that have already been informed that they will not be getting any water allocated to them at all here in 2021.  It is being projected that farmers in the state will not grow anything on 500,000 acres this year, and that is really bad news because California grows more than a third of our vegetables and two-thirds of our fruits and nuts

Along with wildfire risks, short water supply is putting immense pressure on the state’s agricultural industry, which grows over a third of the country’s vegetables and supplies two-thirds of the fruits and nuts in the US. Already farmers are culling crops and fallowing fields in anticipation of water shortages. Karen Ross, California’s food and agriculture secretary, told the California Chamber of Commerce that she expected 500,000 acres would have to sit idle this year.

So what are we going to do if this mega-drought persists several more years and agricultural production in California is dramatically reduced for an extended period of time?

I am sure that some wise guy will post a comment after this article about importing more fruits and vegetables from South America, but South America is experiencing a historic drought too.

In fact, at this moment Brazil is experiencing the “worst drought in nearly a century”, and scientists are anticipating that it will not end any time soon.

Needless to say, the droughts that we are witnessing are setting the stage for many of the things that I have been warning about, and the future of agricultural production in the western hemisphere is looking quite bleak for the foreseeable future.

In the short-term, this crisis is going to result in substantially higher prices at the grocery store.  I know that grocery prices have already risen to painful levels, but the truth is that food prices will never be as low as they are right now.

So I am encouraging everyone to stock up while they still can.

As I have said so many times, we really struggle to feed everyone in the world during the best of years, and 2021 is definitely not one of the best of years.

Global food supplies are getting tighter and tighter, and this definitely has enormous implications for our future.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The United Nations Is Sounding The Alarm About The Dramatic Increase In Global Food Prices

Conditions are heading in the direction that we have been anticipating, and that is not good news at all.  Food prices are rising at a very alarming rate, and at this point even the United Nations is sounding the alarm.  Most of my readers remember the global food riots that we witnessed in 2008 and 2011, and if conditions continue to deteriorate we could soon be facing something even worse.  Of course this crisis has not emerged out of a vacuum.  We struggle to feed the entire world even in the best of years, and for a very long time I have been warning that we would eventually be facing extremely painful food prices and serious shortages of food in the poorer areas of the planet.  But those running things just kept assuring us that everything would work out just fine somehow.

Unfortunately, they were wrong.

This week, even the United Nations was forced to admit that we are entering very dangerous territory after global food prices shot up for a 12th month in a row

A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus.

Drought in key Brazilian growing regions is crippling crops from corn to coffee, and vegetable oil production growth has slowed in Southeast Asia. That’s boosting costs for livestock producers and risks further straining global grain stockpiles that have been depleted by soaring Chinese demand. The surge has stirred memories of 2008 and 2011, when price spikes led to food riots in more than 30 nations.

Sadly, global food inflation appears to be accelerating.  We are being told that last month’s jump in prices was the largest “in more than 10 years”.

Here in the western world, we can just dig a little deeper into our pockets in order to pay our rising grocery bills.

But in the poorest areas of the world, higher prices can mean the difference between eating and not eating.

Things have already gotten so bad that one UN official is warning that we have “very little room for any production shock”

“We have very little room for any production shock. We have very little room for any unexpected surge in demand in any country,” Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization, said by phone. “Any of those things could push prices up further than they are now, and then we could start getting worried.”

Of course there are “production shocks” happening all over the globe at this point.  The drought that is crippling agricultural production in Brazil and other South American countries has been absolutely devastating, and yesterday I wrote an entire article about how the endless megadrought in the western half of the United States is forcing some farmers to destroy their crops.

Things are especially dire in California right now.  It is being reported that the reservoirs in the state are “50% lower than normal”, and water levels are dropping much faster than they did during the previous drought

Temperatures hit triple digits in much of California over the Memorial Day weekend, earlier than expected. State officials were surprised earlier this year when about 500,000 acre feet (61,674 hectare meters) of water they were expecting to flow into reservoirs never showed up. One acre-foot is enough water to supply up to two households for one year.

“In the previous drought, it took (the reservoirs) three years to get this low as they are in the second year of this drought,” Lund said.

California residents may soon be facing draconian water restrictions, and farmers in the state have already been informed that they will be receiving very little or no irrigation water this year depending on where they live.

Without enough water to irrigate their crops, many California farmers won’t be producing much at all this year.

And that is really bad news, because California produces more of our fruits and vegetables than anyone else does by a very wide margin.

What this means is that food prices are going to continue to rise aggressively.

Needless to say, the price of just about everything has been going up these days, and Americans have been doing more Google searches for “inflation” than ever before

According to Google Trends, searches for the word “inflation” hit the highest level since 2004 between May 9 and May 15. That’s as far back as the data goes. Google charts trends numerically and during that time period interest in “inflation” went all the way up to 100.

In the end, it is just basic economics.

There are way too many dollars chasing way too few goods and services, and my readers knew that this sort of painful inflation was coming in advance.

As inflation rises, our standard of living goes down, and more Americans are being pushed out of the middle class with each passing day.

Since the beginning of the pandemic, poverty and homelessness have been absolutely exploding, and even those that live in wealthy areas are now discovering that this crisis is starting to show up on their doorsteps.

In fact, it appears that Hunter Biden has decided to move out of the luxury home that he was renting in Venice Beach, California because of the epidemic of homelessness that is ravaging that community

Hunter Biden appears to have moved out of the luxury $5.4 million home he was renting in Venice Beach, California amid a crime and homelessness wave that has hit the beach-front Los Angeles city.

The son of President Joe Biden was reportedly paying $25,000 a month to rent the three-story property on the Venice canals – just a block away from the beach.

But on Monday, DailyMail.com spotted a moving truck outside the palatial home with furniture being loaded into it.

For an idea of what life is like in Venice Beach today, just check out this video.

Once upon a time, Venice Beach was one of the most beautiful locations in the entire country.

Now it has been completely ruined, and the same could be said for much of the rest of the nation.

But if you think that things are bad now, just wait, because the chapters ahead are going to be even more terrifying.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Tens Of Millions Of “Working Poor” Americans Are Suffering Very Deeply Due To Biden’s Economic Policies

The Biden administration and the corporate media insist that we are witnessing an “economic recovery”, but it sure doesn’t feel like any sort of a “recovery” for America’s working poor.  Tens of millions of working Americans are trying to survive from month to month on stagnant or declining wages at a time when Biden’s economic policies have caused the cost of living to soar.  Our leaders in Washington always seem to think that spending more money is the solution to almost every crisis, and in recent months we have seen the money supply grow at an unprecedented rate.  Those that have been showered with government money are grateful, but all of this new money is also going to make life much tougher for those on the very bottom of the economic food chain.

Just because someone “has a job” does not mean that individual is doing okay in this economy. Greyhound bus driver Marvia Robinson has never had to file for unemployment benefits during the COVID pandemic, but her wages declined substantially, and she got way behind on her rent

Last year, as the COVID-19 pandemic brought the nation’s travel economy to a standstill, Robinson’s hours were. cut, her pay dwindled – to as little as $65 for one two-week period – and she fell behind on her rent. By January, she owed $4,920.38. So she emailed Invitation Homes to ask if it would accept funds from a county program that gives landlords $4,000 in back rent.

In an email response reviewed by Reuters, Invitation Homes told Robinson the company was not participating in the program “due to the landlord restrictions,” without explaining what that meant. The company then sent Robinson an email with links to information about other government and nonprofit relief programs, as well as payday lenders, food banks, the Coalition for the Homeless and ways to make money by selling hair, plasma and donor eggs.

Various eviction moratoriums are protecting multitudes of people that are way behind on their rent, but they didn’t help in Marvia’s case, and she was tossed out on the street on March 9th

In February, an Orange County judge approved Robinson’s eviction. On March 9, two sheriff’s deputies showed up at Robinson’s taupe two-story rental south of the city, bolted the doors and changed the locks.

So what is Marvia supposed to do now?

She works extremely hard, but it still wasn’t enough to keep her from being tossed out into the cold.

Overall, Moody’s Analytics is projecting that 7 million Americans will owe a total of $40 billion in back rent by the end of May.

Like Marvia, many of those people actually have jobs.

When I asked Google how many Americans are classified as “working poor”, it gave me a number from 2018…

About 38.1 million people, or 11.8 percent of the nation’s population, lived below the official poverty level in 2018, according to the U.S. Census Bureau.

Needless to say, that number is almost certainly far higher by now thanks to the economic depression that we have experienced over the past year.

And guess which state now has the highest level of “functional poverty”?…

As the California Legislature churned toward adjournment last week, its members received another reminder that the state’s most vexing — and shameful — socioeconomic malady persists.

The Census Bureau reported that California still has the highest level of functional poverty of any state, averaging 18.2% of its 40 million residents impoverished during the three preceding years.

The state that has the most tech billionaires also has the most people living in poverty right now.

Isn’t that ironic?

In their desperation to jumpstart the economy, our leaders in Washington have been creating, borrow and spending money like this is no tomorrow.

Just look at what this has done to our money supply.  The following chart which comes directly from the Federal Reserve shows the stunning growth of M2 since the beginning of the pandemic…

Of course this was going to drive the cost of living higher, and food prices are one thing that I am watching very, very carefully.

Just a few days ago, Bloomberg published an article entitled “The Grocery Price Shock Is Coming to a Store Near You”

Corn, wheat, soybeans, vegetable oils: A small handful of commodities form the backbone of much of the world’s diet and they’re dramatically more expensive, flashing alarm signals for global shopping budgets.

This week, the Bloomberg Agriculture Spot Index — which tracks key farm products — surged the most in almost nine years, driven by a rally in crop futures. With global food prices already at the highest since mid-2014, this latest jump is being closely watched because staple crops are a ubiquitous influence on grocery shelves — from bread and pizza dough to meat and even soda.

Food prices have been aggressively rising for 10 months in a row, and there are several factors that are leading analysts to project that they will continue to rise in the months ahead…

The most recent crop spikes follow months of price gains fueled by booming import demand from China. Corn prices have doubled in the past year, while soybeans are up about 80% and wheat 30%. With China’s purchases continuing and a spate of adverse weather conditions threatening crops in Brazil and the U.S., there are few signs of respite.

As food prices move higher and higher, this will put additional stress on tens of millions of “working poor” Americans that are barely scraping by from month to month.

The good news is that nobody in the U.S. is starving at this point, but the same can’t be said about the rest of the world.

Global hunger is on the rise, and one expert is warning that things are starting to get really bad out there

“The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” Chris Nikoi, the World Food Programme’s regional director for West Africa, said earlier this month. It’s “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by.”

As I detail in my most recent book, we are moving into a time when there will be horrific global famines.

We all know this is coming, and so we should be getting prepared ahead of time.

Of course there are tens of millions of Americans that can’t afford to get prepared because they don’t have any extra money at all each month.

With each passing day, more Americans are falling out of the middle class and into poverty, and everything that our leaders in Washington do seems to make things even worse.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Food Prices Are Rising Aggressively, And Even The Corporate Media Is Admitting That It Is Only Going To Get Worse

Food prices are outrageous now, but they are only going to go higher.  Earlier today, I came across an NBC News article entitled “Get ready for higher grocery bills for the rest of the year”. I thought that it was strange that a piece put out by the corporate media sounded like it could have come straight from my website, because I have been sounding the alarm about higher food prices for quite some time.  Surprisingly, the NBC News article was generally right on point.  Thanks to a variety of factors, food prices have been rising aggressively, and that is going to continue for the foreseeable future.

According to the Labor Department, consumer prices overall were up 0.6 percent from February to March…

Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday.

The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year ago. The year-over-year gain is the highest since August 2018 and was well above the 1.7% recorded in February.

0.6 percent may not sound like that much, but if you multiply that figure by 12 months you get an annualized rate of  7.2 percent.

Of course the government has changed the way the inflation rate is calculated dozens of times over the years, and at this point everyone knows that the official number greatly understates what is really happening in the economy.

In fact, John Williams of shadowstats.com says that if the rate of inflation was still calculated the way that it was back in 1980, it would be over 10 percent right now.

In other words, we have now reached Jimmy Carter levels of inflation.

One of the places where we are really starting to see inflation show up is in food prices.  Here are just a few examples

Before the pandemic began, the national average for a pound of bacon in January 2020 was $4.72. By last month, that price had soared to $5.11, according to exclusive supermarket point of sale data from NielsenIQ. Ground beef is up $5.26 a pound from $5.02. Bread is up $2.66 a loaf from $2.44.

So why are food prices increasing like this?

Yahoo News recently posted an article that listed four explanations

1. Plummeting food production
2. Transportation tumult
3. More eating at home
4. Wild weather

Moving forward, the pandemic will continue to suppress global food production, commodity prices will likely keep climbing, and increasingly wild weather patterns will certainly cause even more damage to crops.

All of these factors are making it more expensive for food companies to operate, and as NBC News has noted, food companies are starting to pass along those costs to consumers…

Issues like higher gas prices, increasing transport costs that get passed on to consumers, especially for items like bread, are only going up as driving increases faster than oil production. So grocery prices are likely to remain on the higher end of estimates for at least the rest of the year, Olvera said. Producers may eventually increase their output in order to capture the heightened demand, but that won’t happen until toward the end of this year, Olvera said.

Of course it isn’t just the United States that is wrestling with these problems.

Food prices are actually rising far more rapidly in much of the rest of the world, and we recently learned that global food prices spiked for a tenth month in a row during March…

Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported today.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.

Those at the very bottom of the economic food chain are being hurt the most by rising food prices.

We have already started to see food riots in some areas, and one relief organization is warning that millions of people in East Africa are now on the verge of starvation

Over 7 million people across six East African countries are at the cusp of starvation as communities have faced existential threats from violence, flooding, the pandemic and locust infestation, the evangelical humanitarian organization World Vision has warned.

Needless to say, all of these developments are perfectly consistent with the warnings that I issued in Lost Prophecies Of The Future Of America.

Even during the best of years, we really struggle to feed the entire planet, and 2021 is definitely not going to be a great year for global food production.

The good news is that there is still plenty of food in our supermarkets right now, and that means that we have a window of opportunity.

I know that food prices may seem ridiculous, but they aren’t ever going to be any lower than they are right now.

I would encourage you to use this window of opportunity to stock up at these relatively low prices, because the price increases are only going to become even more painful as our leaders continue to flood the system with more cash.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Food Prices Rise To Dangerous Levels As “A Second Wave Of Layoffs” Hits The U.S. Economy

You may have noticed that food prices have started to go up very aggressively.  I repeatedly warned my readers that this is precisely what would happen, and more price increases are on the way.  Fear of COVID-19 has sparked a tremendous amount of extra demand as Americans have feverishly stocked up their pantries, and at the same time the virus has made it very difficult for the major food companies to keep up.  Over the past several months we have seen a large number of food production facilities close down temporarily, food supply chains have been thrown into a state of chaos, and grocery stores have found it increasingly difficult to keep their shelves full.  Many years ago I remember sitting in an Econ 101 class as a very young college student, and one of the things that I learned was that prices are going to rise when supply goes down and demand goes up.  So it was inevitable that grocery store prices would become more painful, and the latest numbers that have been released by the BEA are definitely quite alarming

According to data released last week by the Bureau of Economic Analysis, almost all kinds of food have seen an increase in its price since February. Beef and veal prices are up a staggering 20.2% since before the pandemic, while other staples like eggs (10.4%), poultry (8.6%) and pork (8.5%) have also seen significant increases.

If prices keep going up like this, a lot of American families are going to have to start cutting beef out of their diets simply because they cannot afford it anymore.

And of course these price increases are coming at a really bad time, because we are in the midst of a historic economic downturn.  When an Oregon woman named Bella Flores recently took her monthly trip to the grocery store, she was shocked by how much prices have gone up

Medford resident Bella Flores says she felt the shock when she recently went to the store to pick up her monthly items.

“It kept going up, $50 and then $69, I’m like oh crap man it’s a lot,” she said.

Actually, if I could get out of the grocery store with a bill of only 69 dollars I would be jumping for joy.

These days, it seems like you can’t even get a full cart of groceries for under 200 dollars where I live.

Sadly, more price increases are on the way.  Demand is going to remain high, and many food companies will continue to operate at reduced levels.  For example, just consider what the CEO of Tyson Foods recently had to say

During a recent call with analysts discussing third-quarter financial results, Tyson (TSN) CEO Noel White said that some of the company’s facilities “continue to operate at decreased production levels.”

With food prices already at such elevated levels, the Federal Reserve has decided that now is a perfect time to jack up inflation even more.  The following comes from a CNBC article entitled “The Fed is expected to make a major commitment to ramping up inflation soon”

In the next few months, the Federal Reserve will be solidifying a policy outline that would commit it to low rates for years as it pursues an agenda of higher inflation and a return to the full employment picture that vanished as the coronavirus pandemic hit.

Recent statements from Fed officials and analysis from market veterans and economists point to a move to “average inflation” targeting in which inflation above the central bank’s usual 2% target would be tolerated and even desired.

Isn’t that wonderful?

You can almost always count on the Federal Reserve to do the wrong thing.

Meanwhile, Fox Business is reporting that a “second wave of layoffs” has now hit the economy…

A second wave of layoffs is hitting American workers during a surge in coronavirus cases nationwide, and a Congressional stalemate over stimulus relief, according to a new survey by Cornell University and RIWI.

The researchers conducted the survey between July 23 and Aug. 1, and found that 31% of workers who had been placed back on payrolls after initially being laid off have now been laid off for a second time. Additionally, 26% of rehired workers say they’ve been told that they may be laid off again.

Those numbers are absolutely staggering.

We already knew that millions upon millions of the jobs that were originally lost are never coming back, and now we are learning that millions of the jobs that were actually regained are being lost again.

So what this means is that at the exact same time that food prices are skyrocketing, countless Americans find themselves out of work and no longer have paychecks coming in.

What a nightmare.

And this may help to explain why the U.S. Census Bureau is finding that so many Americans are missing meals right now

This week the US Census Bureau published results of a survey in which nearly 30 million out of 249 million respondents said they did not have enough to eat at some point in the week before July 21. It was the highest number of people reporting insufficient food since the Census started tracking that information in early May.

During the first half of this year we witnessed lines at food banks that were up to two miles long, and we are likely to see similar scenes throughout the rest of 2020.

But the good news is that the U.S. is still in better shape than much of the rest of the world.  As I have detailed previously, giant armies of locusts have been devastating crops in Africa, the Middle East and Asia, and now it is being reported that they have decided to invade Russia…

Locust swarms have invaded Russia’s southern regions causing colossal damage to the local agriculture.

According to regional authorities, the damage is estimated at over 13 million US dollars.

A state of emergency has been declared in seven parts of the republic of Kalmykia, according to the Emergency Ministry.

Meanwhile, “nearly one-third of China has been impacted by severe flooding”, and that is having a dramatic affect on crop production over there.

Even during the best of times, we struggle to feed everyone on the entire planet, and here in 2020 global food production has been hit by a whole host of major problems.

I fully expect that global food supplies will increasingly become tighter, and that has very serious implications for the years ahead of us.

Yes, food prices are already very high, but now is the time to stock up because they are only going to go higher.

Unfortunately, there are millions upon millions of Americans that can’t afford to stock up because they have already lost their jobs and no longer have any income coming in.

***It is finally here! Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.com.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The Economic Collapse