Michael Snyder (Opinion) - For decades, Americans have not needed to be concerned about food prices. Yes, prices would always go up by a little bit each year, but in general we have been extremely blessed for a very long time. Our supermarkets have always been packed with food, and we could always count on the fact that prices would be about the same a month or two down the road. Unfortunately, things are now changing, and not in a good way. A massive wave of inflation has hit agricultural commodities, and food producers have felt forced to pass those cost increases along to consumers. Unfortunately, many experts are anticipating that the price hikes that we are currently witnessing are just the beginning.
So even though food prices have already become quite painful, they are never going to be any lower than they are at this moment.
Looking forward, there are several factors that are likely to combine to cause food inflation to accelerate even more in the months ahead. The following are 5 specific reasons why you should stockpile food right now…
#1 Supermarkets are feverishly stockpiling food, and the Wall Street Journal is reporting that they are doing this in anticipation of “the highest price increases in recent memory”…
Supermarkets are stocking up on everything from sugar to frozen meat before they get more pricey, girding for what some executives anticipate will be some of the highest price increases in recent memory.
This only makes good business sense. If you can get inventory now for significantly less than you will be able to get it for later, that will help your bottom line.
The Wall Street Journal is admitting that all of....READ MORE
Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of 5 books including his latest, Lost Prophecies Of The Future Of America” which is available on Amazon.com. He has four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. Michael allows others to republish his work on other websites because he feels people need hope more than ever before, and its his goal to share the gospel of Jesus Christ.
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