- Pacific
NIA Projects Future U.S. Food Price Increases
The National Inflation Association today announced the release of its report about NIA's
projections of future U.S. food price increases due to the massive monetary inflation
being created by the Federal Reserve's $600 billion quantitative easing. This report was
written by NIA's President Gerard Adams, who believes food inflation will take over in
2011 as America's greatest crisis. According to Mr. Adams, making mortgage payments will
soon be the last thing on the minds of all Americans. We currently have a currency crisis
that could soon turn into hyperinflation and a complete societal collapse.
"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," warned Adams.
NIA projects that at the average U.S. grocery store it will soon cost $11.43 for one ear
of corn, $23.05 for a 24 oz loaf of wheat bread, $62.21 for a 32 oz package of Domino
Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz
container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid
Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar. NIA also
projects that by the end of this decade, a plain white men's cotton t-shirt at Wal-Mart
will cost $55.57.
NIA's special U.S. food price projection report is now available to download for free by clicking here.
The report highlights how despite cotton rising by 54%, corn rising by 29%, soybeans
rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of
September and October alone, these huge commodity price increases have yet to make their
way into America's grocery stores because corporations have been reluctant to pass these
price increases along to the consumer. In today's dismal economy, no retailer wants to be
the first to dramatically raise food prices. However, NIA expects all retailers to soon
substantially raise food prices at the same time, which will ensure that this Holiday
shopping season will be the worst in recorded American history.
If you are an NIA member and have a question about the U.S. economy or inflation, please
browse through our ‘NIAnswers’ database and if your question hasn’t already
been answered there, you can either submit it on ‘NIAnswers’ or email it to us
at: editor@inflation.us
If you are a member of the media and would like to schedule an interview with NIA’s
President Gerard Adams about inflation, please send an email to media@inflation.us or if it is urgent you can call us
directly at 1-888-99-NIA US (1-888-996-4287).
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(11.05.2010) http://www.inflation.us/foodpriceprojections.html
"To Achieve World
Government it is necessary to remove from the minds of men their individualism,
their loyalty to family traditions and national identification" Brock Chisholm - Director of the World Health Organization
"A society whose citizens refuse to see and investigate the facts, who refuse to
believe that their government and their media will routinely lie to them and fabricate a
reality contrary to verifiable facts, is a society that chooses and deserves the Police
State Dictatorship it's going to
get." Ian Williams Goddard
The fact is that "political correctness" is all about creating uniformity. Individualism is one of the biggest obstacles in the way of the New World Order. They want a public that is predictable and conditioned to do as it's told without asking questions.
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first." Thomas Jefferson