With strange floods, droughts and changing weather patterns globally, some areas are showing signs of the future of crop yield potential going forward to 2020. These are the areas that will continue to see losses YOY starting now.
Calculating the real inflation rate
In our household, we measure inflation with the “Burrito Index”: How much has the cost of a regular burrito at our favorite taco truck gone up?
Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.
That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today. Continue reading »
Brazil suffering record cold temperatures again in July 2016 after a cold wave that damaged agriculture in June 2016. Arabica coffee beans stand at 36% loss, bananas 70% loss in Ribeira, Argentina 30% loss of raisin production and Chile clementine 30% increase. The grand solar minimum is here, South America is repeating the normal pattern expected climate wise during the GSM.
Preparations by various cogs of the national security complex, including FEMA, indicate a coming worldwide food shortage — and a resulting crisis marked by extreme civil unrest around the globe.
As Motherboard noted of two reports published previously by CNA Corporation, but which largely escaped attention, the world’s food supply could be insufficient to maintain even current populations much further into the future. And the crisis — which several factors indicate may already be underway — may begin to worsen considerably as early as 2020.
Employing a desktop game simulation of the conditions of a global food shortage, titled “Food Chain Reaction,” CNA’s Institute for Public Research brought together “65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions,” Motherboard explained. And the Institute, which oversaw the simulation, “primarily provides scientific research services for the Department of Homeland Security and the Federal Emergency Management Agency [FEMA].” Continue reading »
United Kingdom — London’s new EasyFoodstore has been forced to review its trading rules after it had to close temporarily when bargain-hungry shoppers emptied the shelves. The mega-discount food store is the latest venture of EasyJet entrepreneur, Stelios Haji-Ioannou.
The millionaire businessman was inspired by the idea after seeing the widespread use of food banks in Britain. “This is another way the Easy brand can serve the less well-off,” the budget airline owner said. Continue reading »
Just imagine what will happen, when the entire financial system will collapse.
This article was written by Daisy Luther and originally published at TheOrganicPrepper.ca.
Editor’s Comment: The current crisis is very unfortunate for the population of Venezuela, which includes large numbers of very poor people. It is a prime example of a socialist nightmare state, where obsession with central control and distribution has forced people to turn to the black market and alternative solutions to survive.
Apparently, it is only going to get much worse. And like the political climate of a country that has outlawed guns and implemented tyranny, the autocratic government outlawed prepping, and only encouraged its people to pray for an economic miracle of socialism that would never come, while they wait dependent, hungry.
Venezuela Is Out of Food: Here’s What an Economic Collapse Really Looks Like
by Daisy Luther
Venezuela is out of food.
After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Continue reading »
Due to a “perfect storm” of inflationary factors – not the least of which being the continuing drop in oil prices – Canadians are seeing the effects of a weakening currency reflected in food prices at the supermarket.
$3 cucumbers, $8 for a head of cauliflower, grapes at $10 per bag – the spiraling cost of foods, particularly those imported from Canada’s neighbor to the south, has consumers there reeling from sticker shock. Continue reading »
Earlier this month, we documented the surging price of fresh produce in Canada, where the plunging loonie is creating a nightmare for shoppers in grocery aisles across the country.
Because Canada imports more than three quarters of its fresh fruits and vegetables, the inexorable decline of the Canadian dollar has driven up prices on everything from cucumbers to cauliflower to tomatoes, and as we showed via a series of tweets from incredulous supermarket shoppers, Canadians are not pleased.
“Three bucks. For a cucumber,” one shopper wrote.
“Had a similar reaction when I saw the price of cauliflower,” another said. “Welcome to the future..” Continue reading »
Prepare for worldwide financial/economic collapse, closed banks, closed stores, hyperinflation, hunger and civil war.
It was just yesterday when we documented the continuing slide in the loonie, which is suffering mightily in the face of oil’s inexorable decline.
As regular readers are no doubt acutely aware, Canada is struggling through a dramatic economic adjustment, especially in Alberta, the heart of the country’s oil patch. Amid the ongoing crude carnage the province has seen soaring property crime, rising food bank usage and, sadly, elevated suicide rates, as Albertans struggle to comprehend how things up north could have gone south (so to speak) so quickly.
The plunging loonie “can only serve to worsen the death of the ‘Canadian Dream'” we said on Tuesday.
As it turns out, we were exactly right. Continue reading »
HILO, Haw. (INTELLIHUB) — After looking through our monthly expenses for our family of three, I was shocked to find that we are spending well over $2000 a month on groceries locally. So when I went to the grocery store I snapped a few pictures that may shock you as Hawaii food prices continue to skyrocket.
The effects of El Nino are starting to reach the dinner table, with global food prices rising the most in three years on supply concerns for everything from New Zealand milk to sugar in Brazil and Southeast Asian palm oil.
An index of 73 food prices increased 3.9 percent, the biggest jump since July 2012, to 162 in October, the United Nations Food & Agriculture Organization wrote in a report Thursday.
The return of the El Nino weather phenomenon is changing weather conditions around the world, damaging crops with too much rain in some areas and not enough in others. Continue reading »
Butter prices hit $3.10 per lb today in Chicago trading – a record high – as it appears the expectations of production increases after the EU milk quota system expired in March have proved “wildly optimistic.” Of course, no one should complain at the rising cost of staples like butter (or toilet paper), just ask Jamie Dimon… “let them eat iPhones.”
Full CBC documentary:
– “Surviving Or Thriving” – What Canada’s 40% Surge In Meat Prices Means For Ordinary People (ZeroHedge, April 19, 2015):
On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds the scary truth. Because when stripping away the sliding energy prices (which at the recent pace of short covering among oil speculators are about to surge) some scary numbers emerge, such as a 3.8% monthly jump in food prices, primarily as a result of a whopping 30-40% increase in select meat prices in the last 8 months.
How do ordinary people – which excludes those who work in central banks and have taxpayers fund their everyday purchases, which allows them to fully ignore soaring food and rent costs – survive in an environment of soaring food prices?
As the following brief documentary by CBC’s The National reveals, food inflation means people have no choice but to eat “far less beef” than they used to, “or chicken.” Others are ok with the runaway food inflation: “it doesn’t matter to me, I buy the meat at the price it is and that’s fine with me” say a gentleman who likely works for a hedge fund and BTFD for a living. Continue reading »
– America’s Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless (ZeroHedge, April 6, 2015):
Governments and the mainstream media are fond of reporting inflation figures that strip out things no one ever uses like food and energy. As anyone who follows these things knows, leaving out “volatile” categories that track meaningless price movements in the things people eat and the commodities humans burn to sustain themselves is key when it comes to accurately tracking inflation which is why we can’t exactly sympathize with the following, that seems to indicate that even though everyone with a PhD in economics knows that endless money printing does not lead to inflation, people who aren’t rich are somehow managing to spend a greater percentage of their income on food and housing.
– The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis (Economic Collapse, March 25, 2015):
Since the depths of the last recession, the price of ground beef in the United States has doubled. Has your paycheck doubled since then? Even though the Federal Reserve insists that we are in a “low inflation” environment, the government’s own numbers show that the price of ground beef has been on an unprecedented run over the past six years. In early 2009, the average price of a pound of ground beef was hovering near 2 dollars. In February, it hit a brand new all-time record high of $4.238 per pound. Even just 12 months ago, the price of ground beef was sitting at $3.555 per pound. So we are talking about a huge increase. And this hits American families where they really live. Each year, the average American consumes approximately 270 pounds of meat. The only nation in the world that eats more meat than we do is Luxembourg. If the paychecks of American workers were going up fast enough to deal with this increase, it wouldn’t be that big of a deal. But of course that is not happening. In an article just last week, I showed that real median household income is a couple thousand dollars lower now than it was during the depths of the last recession. The middle class is being squeezed, and we are rapidly getting to the point where burgers are going to be considered a “luxury” item. Continue reading »
– California Is Turning Back Into A Desert And There Are No Contingency Plans (Economic Collapse, March 15, 2015):
Once upon a time, much of the state of California was a barren desert. And now, thanks to the worst drought in modern American history, much of the state is turning back into one. Scientists tell us that the 20th century was the wettest century that the state of California had seen in 1000 years. But now weather patterns are reverting back to historical norms, and California is rapidly running out of water. It is being reported that the state only has approximately a one year supply of water left in the reservoirs, and when the water is all gone there are no contingency plans. Back in early 2014, California Governor Jerry Brown declared a drought emergency for the entire state, but since that time water usage has only dropped by 9 percent. That is not nearly enough. The state of California has been losing more than 12 million acre-feet of total water a year since 2011, and we are quickly heading toward an extremely painful water crisis unlike anything that any of us have ever seen before. Continue reading »
– America to lose one-third of its fresh produce when California runs out of water (Natural News, March 16, 2015):
As Michael Snyder points out in a timely article at The Economic Collapse Blog, California is rapidly reverting back to the desert it was once.
Awareness of this is only now beginning to spread, but almost no one truly grasps the implications of what losing California’s Central Valley agricultural output means to grocery shoppers.
March 07, 2015 – CNN’s Maggie Lake reports on the chaos in Venezuela as the cost of living skyrockets following plunging oil prices.
Coming to a country near you soon …
– This Is What Happens To Gold In A Hyperinflationary Currency Crisis: Ukraine Edition (ZeroHedge, Feb 25, 2015):
As Ukraine’s socio-economic situation goes from wost to worst-er, today’s announcement by President Poroshenko that the government will take actions to stabilize the currency (which as we previously noted, appears to be heading for hyperinflation) has Ukrainians rushing for the exits into precious metals… with only one goal in mind – wealth preservation.
This is what gold does in a fiat-currency crisis. Now if only Ukraine actually still had some gold…
Furthermore, according to RIA, on Tuesday, Ukrainian television channel Ukraina announced that with the new exchange rate, the minimum wage in Ukraine stands at around $42.90 per month, which according to the channel, is lower than in Ghana or Zambia. Continue reading »
– End of an Era: Prospects Look Bleak For Slowing the Coming Food Crisis (Ready Nutrition, Jan 29, 2015):
By and large, the majority of the population have deluded themselves into believing a bright future is upon the horizon. For years, economic forecasters and preppers alike have warned of the bottom dropping out of the economy. You know what I’m talking about – the proverbial doom prediction of “it’s not if, but when.” But, it’s not just a phrase to add for dramatic effect, it was a call to action. It was a warning that the American dream is about to drastically change and that it’s time to prepare accordingly. Quite frankly, the “not if, but when” expression is closer than we want it to be.
– Can’t Find Any Inflation? Here’s A Place To Start (ZeroHedge, Oct 27, 2014):
Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are confined within the cozy cocoon of America’s “1%ers”, about the so-called complete disappearance and collapse in inflation. So to help these ivory tower-confined individuals in their holy grail to rediscover the inflation that is more than felt by the rest of America, here are two simple charts.
– Ebola Fears Sends Price Volatility Surging In… Chocolate (ZeroHedge, Oct 14, 2014):
The world’s candy-makers are worried. As Politico reports, Ivory Coast, the world’s largest producer of cacao, the raw ingredient in all your favorite candy, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up in chocolate bars. While Ivory Coast (which produces around a third of the world’s total cacao beans) has yet to see a single case of Ebola yet, the price of Cocoa futures has become extremely volatile in recent weeks breaking notably higher than its normal range between $2000 and $2700 pere ton. Simply put – and not wanting to spread panic and fear – Ebola is threatening much of the world’s chocolate supply.
All food prices are rising everywhere.
(I do not eat meat.)
– At $15.99/lb — I can no longer afford to eat meat (Intellihub, July 30, 2014):
HAIKU, Hawaii (INTELLIHUB) — I went to the local market today in search of a few steaks to barbeque tonight with my family and what I found may shock you.
Not only could I not afford the three cuts of steak I needed for the dinner I was going to whip up, to top it all off the steaks were very small by proportion.
At nearly $16.00 per pound I had to pass, looks like we will be eating a lot of rice and beans in the near future as meat has become unaffordable for most middle-class Americans.
– Food Inflation Watch: California Farmers’ Water Costs Surge 700% After Government Cuts Supply (ZeroHedge, July 24, 2014):
When we reported on the government’s decisiosn to withhold irrigation water to California for the first time in 54 years, we warned there would be consequences: farmers are hit hardest as “they’re all on pins and needles trying to figure out how they’re going to get through this.” Fields will go unplanted (supply lower mean food prices higher), or farmers will pay top dollar for water that’s on the market (and those costs can only be passed on via higher food prices). Sure enough, as Bloomberg reports, farmers in California’s Central Valley, the world’s most productive agricultural region, are paying as much as 10 times more for water than they did before the state’s record drought cut supply.
As Bloomberg Briefs’ Alison Vekshin reports, Continue reading »
– Where The Real Inflation Is (ZeroHedge, July 18, 2014):
Despite being dismissed as “noise”, inflation is here and it’s rising. As the following chart shows, if you eat, drive, use electricity, or live in a house, you are paying dramatically more this year than you did last year. On the bright side, if you wear clothes or use electronics, prices have dropped (but remember deflation is bad…). How much longer can the Fed pull the wool over the eyes of the people?
Chart: Goldman Sachs
– If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks (Economic Collapse, July 16, 2014):
The basic necessities in life just keep getting more expensive. On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent. That is particularly distressing to me, because I am known to love chocolate. But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay. Last month, it was coffee. J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to raise coffee prices by about 9 percent. And Starbucks has announced a bunch of price increases across the board on their coffee products. Of course we could all survive without chocolate and coffee, but as you will see below just about every food category is becoming more expensive. If this keeps up, could we eventually see armed guards in grocery stores and on food trucks? Continue reading »
– Foodflation – Since QE3, Breakfast Is Up Over 24% (ZeroHedge, July 6, 2014):
Having pointed out the ‘surges’ in the cost of your 4th of July burger at the behest of Greenspan and Bernanke, we thought a reflection on the soaring costs of ‘the most important meal of the day’ were in order. As the following chart illustrates in words and pictures even a PhD Fed economist or CNBC pretend-economist could understand – food-flation is here from breakfast through dinner (no matter how many iPads we try and eat).
200 years ago our farmland had 50 cm of topsoil, now there are only 15 cm left.
And we are are losing about every 16 years another 2,5 cm.
The Hunzas needed to try our soil killing fertilizer only once to figure out that the promises they’ve been given about our chemical fertilizers were BS and that chemical fertilizers are in fact harmful for the soil.
(As a side note the Hunzas do NOT know hypertension, cancer arthritis, diabetes, tuberculosis, asthma, karies, presbyopia etc.)
We will have to (re-)learn to grow our food biologically or there will be no food at all.
Soil erosion also played probably an important role in the decline and collapse of the Egyptian and Greek empires.
– U.S. food prices rising 367% faster than inflation; chemical agriculture headed for catastrophic failure (Natural News, June 17, 2014):
Food prices are now skyrocketing across the USA, says the Bureau of Labor Statistics (BLS). Their most recent report (1) reveals that prices of meat, poultry, fish and eggs leaped 7.7 percent over the last year. That’s nearly 367% higher than the official 2.1% inflation rate claimed by the federal government. (2)
Prices on these food items have risen 664% in the last five decades, according to the BLS, but much of the price acceleration has happened in just the last few years… and there’s no end in sight. Continue reading »
Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!
“When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul
“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul
– Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else (Economic Collapse, June 19, 2014):
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high. In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.
But you would never know that listening to Federal Reserve chair Janet Yellen. In the video posted below, you can listen to her telling the media that there is absolutely nothing to be concerned about…
And it is really hard to get too upset with Janet Yellen. Continue reading »