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Posts Tagged ‘inflation’

We have painted ourselves into a corner as a country.  It is going to be a painful year I am afraid, we must make sure we have food for our family.  Take the steps needed to put back food for your family so we can continue to stay focused on helping others instead of freaking out about how we are going to feed our own… God has warned us this would be the case during the last days so we could prepare and know what is to come.

Revelation 6:6 (NIV) – Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”

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U.S. Inflation Could Rise Twentyfold

 

 

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Food prices rise sharply – and there’s more to come

For the first time since 2008, inflation is hitting consumers in the stomach.

Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.

Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.

“I noticed just this month that my grocery bill for the same old stuff – cereal, eggs, milk, orange juice, peanut butter, bread – spiked $25,” said Sue Perry, deputy editor of ShopSmart magazine, a nonprofit publication from Consumer Reports. “It was a bit of sticker shock.”

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Amazing article and video, MUST SEE!!!

It not only illustrates how the world is moving away from the dollar as the major currency, but what state the world finds itself in and how the US role has been written off.  To quote the final guess, the US is “done”.

It is huge for the US to be the reserve currency, it helps drive demand for countries and people to keep our currency.  If that would ever stop, then you would see our dollars value tank as people/countries drop our dollar.  The dollar value tanking means inflation and hyper-inflation.

We are on that path, it is just a matter of how fast do we get there…

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Putin proposes EU become reserve currency

Russia and Germany should dramatically increase their economic co-operation. That’s the message from Russian Prime Minister Vladimir Putin to some of Germany’s top industrialists at a business forum in Berlin.

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List of articles in the headlines today by prophecy topic…(I will continue to update it with additional articles throughout the day.)

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We should all start preparing for inflation, immediately.  Buy stored food, I have a link on the right side bar, and store some water.  Any big purchases are necessary in the next year, you should consider now.  Anything made with petroleum especially, which is just about everything…

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Dollar at Risk of Crashing, Triggering Inflation: Strategist

Federal Reserve policies have put the US dollar the risk of crashing, which will hammer consumers through higher prices, strategist Axel Merk told CNBC.

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Here we go, its official.  Watch for price increases over the next 3-6 months…

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Fed to Spend $600 Billion More To Help Boost US Economy

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

Sheet of US one hundred dollar bills
Don Farrall | Digital Vision | Getty Images

The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression.

The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery.

In its post-meeting statement, the Fed described the economy as “slow”, and said employers remained reluctant to add to payrolls. It said measures of inflation were “somewhat low.”

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Buckle up…

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Fed’s Bernanke signals new round of quantitative easing

US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing.

“There would appear, all else being equal, to be a case for further action,” he said, in a speech to the Boston regional federal reserve.

The US central bank is expected to back a move to buy up US government bonds in order to lower borrowing costs at its next meeting on 3 November.

Mr Bernanke said unemployment and low inflation lay behind his view.

However, some colleagues at the Fed have expressed much more hawkish views, and Mr Bernanke was careful not to pre-empt the decision of the rate-setting committee due next month.

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