Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation

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In five short months, the current administration managed to take our economy back to the Jimmy Carter 70s – an era of widespread shortages and soaring prices. Even the mainstream media seems shocked with how fast prices are going up, and, with each passing day, more overwhelming news are arising since emergencies and disasters are becoming “common” events. We are in the middle of a major national crisis without even being aware of it, but after so much time facing catastrophe after catastrophe, Americans have sadly become used to a certain level of financial pain, and our leaders and the elites know they can continue pushing along the cost of the crisis they created themselves upon all of us.
The US government has plans to continue to borrow and spend trillions of dollars on top of all the outrageous spending that has already happened, while the Federal Reserve will keep printing monumental piles of money and pump the fresh cash into the financial system. Our leaders have been expressly contributing to our economic deterioration and the degradation of our living standards, and if most part of our society truly understood what is going on, they would be out in the streets shouting for their rights at this very instant.
For the time being, people have been quietly watching the collapse of our nation without knowing what to do. But one thing that will surely distress and alarm millions of US families is the continual rise of food bills. If anything, food inflation will show our population the severity of the crisis we’re facing. Commodity prices have been hitting sky-highs since demand has been boosted by stimulus money, but due to a series of disruptions, supplies have been dwindling. That, in turn, is forcing the price of everything up. A crucial example of it can be seen in the price of corn. In global transactions, corn prices have skyrocketed almost 150 percent over the past 12 months. And at the grocery store, the price of corn has already risen 50 percent in 2021 – a bushel costs more than twice what it did a year ago.
Amongst raw materials, corn has recorded the sharpest rise and companies aren’t shy about passing along those increases to the end consumer, which has been fueling concerns that inflation could jeopardize the post-outbreak economic recovery. And if you’re thinking that because you don’t usually eat corn you won’t be affected, do not be mistaken – with corn climbing toward a record, US consumers will have to pay more for all sorts of items, because corn is a base ingredient in making many products, including syrups, flour, pre-prepared meals, starch, oil, and even tortilla chips, chicken wings, bourbon and Coca-Cola. Corn is also the main component of ethanol, and about 40% of the US crop is blended into motor fuel, so you won’t only see higher prices at the grocery store but also at the gasoline pump.
While Americans unconsciously absorb those costs, their food budgets shrink. In a country with 29 million people facing hunger and 60 million facing some level of food insecurity, higher food prices mean that millions of families will no longer have enough money to buy the food they need. An ominous sign of the times we’re living in lies in the fact that during the week before last Christmas, roughly 81 million Americans experienced food insecurity. That is to say, one in four people in the so-called wealthiest country in the world did not have access to enough nutritious food needed for a healthy active life. Unfortunately, from then on, things have only gotten worse and the current outlook doesn’t look very pretty either.
Inflation is continuously making headlines essentially because, from global traders to economists to consumers, everyone is worried. These are extremely troubling times, but most Americans still don’t realize the scope of the problems we’re facing. We are now at the early stages of an inflationary collapse and warnings are everywhere. Our nation is now actively marching towards a catastrophic economic disaster and, every day it goes by, we only pick up speed. And everything that experts have been warning about is already starting to occur, but what we’re seeing is just the beginning. Another storm is coming for us and it will take down the U.S. economy – and it is going to absolutely shock the entire globe.

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Epic Economist

Epic Economist

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