Those interested in cryptocurrencies should watch this …
* * *
With vineyards being damaged globally because of unusual freeze events and massive hail storms, global wine production is at 20 year lows. Additionally all food prices globally are now being blamed on Brexit and currency valuations, not anything to do with the weather.
Climate changes bring upheaval http://trove.nla.gov.au/newspaper/art…
World wine production down 20% http://www.independent.co.uk/news/bus…
Argentina wine production losses http://www.freshplaza.com/article/148…
French vineyards hail damage http://www.wine-searcher.com/m/2014/0…
* * *
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.
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].”
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.
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.
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.
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..”
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.
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.
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.
– 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.
Here’s more from WSJ: