National Inflation Association
November 9, 2010 by USA Post
National Inflation Association, Inflation National Association announced today the publication of its report on projections of IFN food prices in the future of the United States increases because of the massive monetary inflation created by the Federal Reserve and 600 billion quantitative easing. This report was written by Adams NIA Chairman Gerard, who estimates food inflation will take over in 2011 as the greatest crisis in America. According to Mr. Adams, conduct 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 collapse of society.
“For all the economic problems that the U.S. government tries to solve, it always creates two or three disasters much more important in the process,” said Adams. “Just as we predicted this past December, the U.S. dollar index rebounded in early 2010 and has been in freefall since. QE2 Bernanke will probably accelerate this free fall in U.S. dollar rout complete,” warned Adams.
NIA projects on U.S. grocery store average, it will soon cost $ 11.43 for an ear of corn and 23.05 for a 24 oz loaf of bread wheat, and 62.21 for a pack of 32 oz Domino granulated sugar and 24.31 for a container of 32 fl oz of soy milk and a container to 77.71 from 11.30 oz Folgers Classic Roast Coffee, and 45.71 for a container of 64 fl oz Minute Maid Juice ‘ orange, and 15.50 for milk and Hershey’s Chocolate 1.55 oz candy bar. NIA also provides that by the end of this decade, a man of plain white cotton t-shirt to Wal-Mart and will cost 55.57.
The report highlights how, despite an increase of 54% cotton, corn up 29%, soybeans up 22%, orange juice, up 17%, and sugar up 51% during months of September and October alone, these huge increases in prices have not yet made their way into grocery stores in America because companies were reluctant to adopt these price increases on consumers. In today’s dismal economy, no retailer wants to be the first to raise considerably the price of food. However, NIA expects all retailers to increase significantly when food prices at the same time, which will ensure that this holiday shopping season, will be the worst in recorded U.S. history.
NIA President Gerard Adams will be available for limited interviews on the report of the NIA. To schedule an interview with Mr.
Who we are:
Inflation National Association is an organization dedicated to preparing Americans for hyperinflation. NIA offers free membership and provides members with articles on the economy and inflation, news, maps, important not represented by mainstream media, YouTube videos featuring Jim Rogers, Marc Faber, Ron Paul, Peter Schiff, and others, and profiles of gold, silver, and agricultural undertakings that we believe we can prosper in an inflationary environment.
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