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Nov 05

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Inflation vs. Deflation Via National Inflation Website

The following article is from National Inflation Association. The link to their website is listed below. If you were able to catch them on Glen Beck the other night then you are already a step ahead.  The real question is..how do we protect our families, assets and very essence of life from what’s just around the corner?  Scriptures come to mind like “a quart of wheat for a day’s wages and 3 quarts for barley for a day’s wages ”  Rev. 6:6 (Interesting note that the inflation text in Revelation is 66 and the mark of the beast has to do with buying and selling. Just a thought.)  Anyway, inflation is part of what we can expect in the last days and our days to come.
The Quote from their website:
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.

So now I am off to research what happened in Germany and other places in the world when faced with Hyperinflation. I will post my findings if you are interested.

Permanent link to this article: http://www.mpwarriors.com/2010/11/05/inflation-vs-deflation-via-national-inflation-website/