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April
20
2022

Things Are Bad Now, But You Ain’t Seen Nothing Yet
Michael Snyder

At this moment, food prices all over America are at incredibly low levels.  I know what many of you must be thinking.  You must be thinking that I have lost my mind, because food prices have been rising at a very rapid rate all over the country.  But when I say that food prices are at “incredibly low levels”, I am not comparing them to where they were in the past.  Rather, I am comparing current prices to where they will be in the future.  Yes, things are bad now, but food prices will be much higher a year or two from now.

The global fertilizer crisis certainly isn’t going anywhere.  If anything, it is only going to intensify.

The same thing could be said about the war in Ukraine.  Peace talks are absolutely dead, and so it looks like fighting between two of the most critical breadbaskets in the world will continue for months to come.

Meanwhile, the bird flu pandemic continues to wipe out millions of chickens and turkeys all over the globe.

We have never seen a “perfect storm” quite like this, but of course some of the factors that will be driving up food prices are entirely self-inflicted.

For example, the Chinese government didn’t need to lock down nearly 400 million people in a desperate attempt to prevent the spread of COVID.  The past two years have provided ample evidence that such lockdowns are quite foolish, but the Chinese went ahead anyway.

As a result, there are now hundreds of commercial ships waiting impatiently off the coast of Shanghai.

Those are giant cargo ships that bring stuff across the Pacific Ocean to us.

If the Chinese don’t loosen up, many of our store shelves will become quite empty in the months ahead.

And it isn’t just commercial ships that are sitting idle

Shanghai is one of the largest manufacturing centers in China, with heavy concentrations of automotive and electronics suppliers. It is home to the largest container port in the world and a major airport that serves inbound and outbound air cargo. Exports produced in Shanghai account for 7.2% of China’s total volume and about 20% of China’s export container throughput moves through the port there, according to the BBVA report.

Most warehouses and plants are closed, nine out of 10 trucks are sidelined, the port and airport have limited function, shipping units are stranded in the wrong places, and freight is piling up.

Needless to say, many of our major retailers simply could not operate without the goods that they import from China.

So we better hope that this potential nightmare gets resolved very soon.

Here in the United States, food prices have been moving higher for months.  Just check out these numbers

The average price of butter grew 11.9% in the last year. Meat has been especially affected by supply chain issues, with 100% meat frankfurters jumping 35.2% since March of 2021 to an average price of $5.18 per pound. Ground chuck, pork chops, and whole chicken showed year-over-year price increases of 11.3%, 15%, and 11.7%, respectively.

Those figures may look bad to you, but the truth is that they only represent the very early chapters of this crisis.

Things are going to get much worse, and here in April anecdotal reports seem to indicate that food price increases seem to be accelerating.

Earlier today, my attention was drawn to a thread on a popular Internet forum where people were discussing recent price increases that they had seen at their local stores.  The following are a few examples that I pulled out of that thread…

-“$10. for 1 lb. Bacon”

-“5.19 for one pound of land o lakes butter”

-“a 34 oz can of coffee was $6.99 now is $9.99”

-“$1.09 for a single avocado”

-“$2.31 for a head of iceberg lettuce”

-“I shop for my elderly parents they buy Butterscotch Krimpets every week. Were 2.49 a box now 4.49.”

-“I saw 15.99 per pound for ribeye steak at a grocery store in northeast Tennessee.”

-“Paid $12.95 for a pack of raw chicken thighs a few days ago. Normally they are $3.00 – $4.00”

And thanks to the horrifying bird flu pandemic which is sweeping the nation, the price of eggs is going completely nuts

The losses to egg-laying flocks have led to producers desperately racing to meet market demands for eggs and egg products, with egg prices increasing as a result. The average price of a dozen eggs is now close to $3.00, up from $1.60 at the beginning of the year, according to the USDA’s national egg report.

If you think that these prices are wild, just wait until they double from their current levels.

All over the world, a great battle for food resources has begun.  The Chinese saw this coming in advance, and so they have been engaged in the largest stockpiling program that any of us have ever seen.  I wrote about this back in December, but back then most people didn’t understand the true significance of that article.


My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  During this season, I would like to encourage you to send digital copies of my new book to your family and friends as gifts.  That will help to support the work that I am doing, and it will help to multiply the impact of the book.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

 

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