A Loaf of Wheat Bread May Soon Cost $23 Due to Skyrocketing Food Price Inflation

(NaturalNews) 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 money creation policy ("quantitative easing") and food price inflation. ( [link to gt4goaway]

"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."

The upshot of a falling dollar will mean rampant price inflation on the basic goods and services that Americans depend on to survive. Food in particular is likely to be hit hard by price inflation within the decade.

The National Inflation Association has released its food price projections in a free downloadable PDF file here: [link to gt4goaway]

It offers statements like this: "NIA is confident that the upcoming monetization of our debt will send nearly all agricultural commodities soaring to new all time inflation adjusted highs."

The Federal Reserve, of course, is currently engaged in the most massive money counterfeiting operation the world has ever witnessed. And it seems determined to keep printing money until all the dollars the rest of us hold are near-worthless.


Even the UN sees rising food prices
It's not just the NIA that sees a future with much higher food prices, by the way: Both the Organization for Economic Co-operation and Development as well as the U.N. Food and Agriculture Organization also predict rising food prices (although not to the same prices as the NIA).

This is based on the trend of rising energy prices which directly translate into higher costs for farming, harvesting, transporting and processing foods. Catch the details on that story at [link to www.naturalnews.com]