Important Food Reserves in Times of Inflation
What happens when the Federal Reserve prints more money?
The U.S. Dollar Index declines and loses value. The dollar declined 40% between 2002 and 2008. Since then, the U.S. Dollar Index has declined by nearly 12.0 percent. This alone makes goods such as oil, gasoline, and food more expensive. Sure, there are other factors that contribute to inflation such as supply and demand, but printing more money is often overlooked by the public. When there are more dollars printed, each of them are devalued because there are more of them.
For years, many in the mainstream media told us not to worry about inflation. They tell us that inflation is low and are more worried about deflation. They are changing their tune now. Following years of unrestrained money printing by the FED fueled by quantitative easing following the economic crisis of 2008, coronavirus reaction, and now war between Russia and Ukraine, the mainstream media is waking up to the reality of inflation.
Improved retail sales have persuaded many pundits that the U.S. inflation threats have been neutralized. However, they ignore the fact that the large percentage of the year-over-year increase in retail sales is not from improving consumer confidence, but from surging food and gasoline prices.
An Impending Food Crisis
The National Inflation Association (NIA) has been warning of a sharp upswing in U.S. food inflation for quite some time now.
Here are some startling year-over-year price increases in the U.S. markets:
- Fresh and dry vegetables up 56.1%
- Fresh fruits and melons up 28.8%
- Eggs for fresh use up 33.6%
- Beef and veal up 10.7%
- Dairy products up 9.7%
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Rising prices, combined with widespread unemployment, have pushed record numbers of Americans onto the food stamp program (Supplemental Nutrition Assistance Program known as SNAP). In 2022, there are now 42 million Americans now enrolled in the program. The U.S. government is now paying out more to Americans in entitlement programs than it collects in taxes.
Prices for many agricultural products determined by the Food and Agriculture Organization of the United Nations currently already exceed the historic highs during the food price crises of 2007 and 2011. Fertilizer prices have also been rising to record levels for months. The United Nations has warned of a food shortage crisis and has drawn up plans for food rations which will hit even middle-class suburban populations as inflation and economic uncertainty causes the prices of staple food commodities to skyrocket.
The time has apparently come that those long scoffed at for hoarding vast quantities of storable food may unfortunately be able to say “I told you so” as the dollar continues to deteriorate and people begin to be priced out of the food market.
Protect Your Family from inflation with Real Money and Storable Food Supplies
Not only is it time to protect your wealth with precious metals such as gold and silver, but you should also be protecting your family with storable foods.
The prepper community have always recommended to have food reserves. Now, mainstream financial advisers are increasingly talking about the importance of having food reserves on hand. Surely you remember a few years ago the banks came within one hour or so from closing worldwide. Or don’t you remember the empty store shelves amidst the coronavirus lock-downs?
Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest. How long will you lie there, you sluggard? When will you get up from your sleep? A little sleep, a little slumber, a little folding of the hands to rest — and poverty will come on you like a thief and scarcity like an armed man.
– Proverbs 6:6-11
The reality of the necessity of having some sort of food reserves is hitting home with many Americans. This is why storable food is very appealing to so many.
I’m a prepper on my own would love some seeds, food stock, etc…