Food Inflation
Q: What’s that on the horizon?
A: It sure looks like consumer price inflation. But go to the grocery store and have a look for yourself.
Here is the lead paragraph from a Bloomberg News story this week (2/16): “There are signs that the food inflation that’s gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse.”
We have spent more time than we should explaining that inflation describes a behavior by the monetary authorities that debauches the value of currency over time. Just last week we commented on it this way:
“But just because the price of bread is not going through the roof today, don’t let the mainstream media or politicians tell you that there is no inflation or that the currency isn’t suffering devaluation. That is because sustained price increases in any of those other places throughout the economy [dot com stocks in the 90s, housing prices in the early years of the 2000s, and stock and bond prices today] reflect state meddling or corruption of the supply of money and credit.”
“… Eventually the debauching of the money will show up in the price of bread… and in the price of everything else.” (See Gold Always Wins in the End!)
We didn’t have to wait long to see rising food prices hit the news. The Bloomberg headline shouts, “The World Will Pay More for Meat as Food Inflation Deepens!”
It explains, “Now farmers — especially ones raising cattle, hogs and poultry — are getting squeezed by the highest corn and soybean prices in seven years. It’s lifted the costs of feeding their herds by 30% or more. To stay profitable, producers including Tyson Foods Inc. are increasing prices, which will ripple through supply chains and show up in the coming months as higher price tags for beef, pork and chicken around the world.”
It is really time to start making a paradigm shift in our thinking and language. Buckminster Fuller thought it would make a big change in our understanding of things if, as we watched the breaking of dawn in the morning, we would realize that the rotation of the earth on its axis is actually turning the spot on which we stand toward the sun.
We don’t actually know what the impact of Fuller’s suggestion would have on people’s thinking about things, but we do know it would be true. By the same token, people should realize that as the price of gold goes up, they are actually seeing the purchasing power of the dollar go down.
If people began to think in that way, they would soon realize that governments far and wide, and throughout time destroy their currencies. That is why people who know this turn to gold and silver for protection.
The politicians can’t print precious metals.
If you visit the grocery store and discover food prices seem to be rising, contact a Republic Monetary Exchange professional right away and take steps to protect yourself with gold and silver.
Because the value of the dollar is going down.