FOOD PRICES SOARING!!

Posted: February 7, 2011 in Current Events, Economic Views, Financial Survival, World Events

Readers of this blog have been preparing for the upcoming inflationary depression.  Food prices are gaining momentum due to dollar devaluation.  We understand the media will tell you these soaring prices are because of  weather, well we are here to say bull sh*t.  If you had to break down the increase of food prices on a percentage basis we would say 15% is due to weather/population and 85% is due to the currency war. 

Moving forward we can expect momentum to accelerate.  Products such as food, energy, healthcare and education will explode higher.   Food prices in all likely hood will go parabolic.  Americans spend about 15% of their budget on food, while most of the world spends an estimated 40% on food.  I expect Americans to join the rest of the world in 2 to 5 years.  The only reason why we are not spending 40% to 50% of our income on food is the dollar is still the world reserve currency, however this is changing.

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