Posted in end time, famine, food inflation, prophecy

Food inflation is here: General Mills will be first to raise cereal prices

I mentioned in this week’s The End Time in an essay I’d written about food inflation, and that the costs haven’t been passed on to the consumer yet. That article is here: click here. I’d posted: “The report highlights how despite cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone, these huge commodity price increases have yet to make their way into America’s grocery stores because corporations have been reluctant to pass these price increases along to the consumer. In today’s dismal economy, no retailer wants to be the first to dramatically raise food prices.”

That was last week.

It seems that General Mills will be the first to raise those prices, reluctantly. The CEO’s savvy business knowledge is probably right on: it won’t be long before all the cereal companies raise their prices, following General Mills’ lead. The difference int he CPI and the CI is startling. That gap has to close sometime. The article below from Bloomberg and the chart below shows where we are headed. Cereal prices are set to increase Monday.

Bloomberg: Eat your Wheaties before next month,  General Mills Signals Faster U.S. Food Inflation: Chart of the Day

The blue line is the Commodity Index, what it costs to make the food from the raw commodity. The red line is the Consumer Price Index, the prices the consumers have been paying. There’s quite a gap.

“General Mills Inc. showed where U.S. food prices are headed by making some of its breakfast cereals and baking products more expensive, according to Christopher Growe, a Stifel Nicolaus Co. analyst.  As the CHART OF THE DAY shows, retail prices for food are lower than they were in May though the cost of farm commodities has soared. The food component of the U.S. consumer price index and a gauge of agricultural-product prices, compiled by UBS AG and Bloomberg, were used to make the comparison.  General Mills, the maker of Cheerios, Chex and Wheaties, will raise cereal prices on Nov. 15. The increase will affect about 25 percent of its cereal production and amount to a “low single-digit” percentage, Kirstie Foster, a company spokeswoman, wrote today in an e-mail. “While General Mills may be the first of the large food companies to really press higher on pricing, we believe many others may follow,” Growe wrote. “It’s just a matter of time, given what is coming down the pike in the way of inflation.”

Rev 6:6 is not far behind. “Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!” And Rev 6:8, the famine: I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.”

Repent. That’s all there is to it. Repent, or die. (Rev 2:5; 16)

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Posted in bible, end time, famine, prophecy, quart of wheat, revelation

National Inflation Association says a loaf of bread could soon cost $20 USD (or one denarius)

A loaf of wheat bread may soon cost $23 due to skyrocketing food price inflation
Within a decade, a loaf of wheat bread may cost $23 in a grocery store in the United States, and a 32-oz package of sugar might run $62. A 64-oz container of Minute Maid Orange Juice, meanwhile, could set you back $45.71. This is all according to a new report released Friday by the National Inflation Association which warns consumers about the coming wave of food price inflation that’s about to strike the western world. NIA also projects that by the end of this decade, a plain white men’s cotton t-shirt at Wal-Mart will cost $55.57.”

“The report highlights how despite cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone, these huge commodity price increases have yet to make their way into America’s grocery stores because corporations have been reluctant to pass these price increases along to the consumer. In today’s dismal economy, no retailer wants to be the first to dramatically raise food prices. However, NIA [National Inflation Association]  expects all retailers to soon substantially raise food prices at the same time, which will ensure that this Holiday shopping season will be the worst in recorded American history.”

“By the end of the decade”…that is only 9 years away! Actually, I believe that the food inflation will come much sooner than that. Revelation 6 shows us how dire the famine conditions will be by the time the Third Seal is opened –

“And I heard something like a voice in the center of the four living creatures saying, ‘A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine. (Revelation 6:6)

A quart of wheat is about a liter, or about 4 cups dry measure.

A denarius was a day’s wage.  John 12:5 shows us a relative value-  “Why wasn’t this perfume sold and the money given to the poor? It was worth a year’s wages.” The Greek translation of this verse is that the words ‘year’s wages’ is ‘triakosiōn denarion’, or three hundred denarii. If three hundred denarii are a year’s wages, one denarius would be a day’s wages, roughly.

The website Archaeology.com, by the  Archaeological Institute of America states of the denarius: “VALUE- One day’s wage for an unskilled laborer or common soldier, about $20 in today’s terms.”

Bible’s right again!
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Posted in bp, end time, famine, hurricane, oil, prophecy

Hurricane season and the Oil Slick

Back on April 30, I pondered the implications of a hurricane season on the oil slick in the Gulf of Mexico. The enormity of the disaster hadn’t hit home yet, since it was only days old at that time, and many people casually thought that the slick would be cleaned up by then. No one in their wildest dreams thought that not only wouldn’t it be cleaned up, but the the oil would still be pumping by the time hurricane season hit.

Now that hurricane season is upon us, having opened on June 1, let’s take a look at the outlook.

The 2010 Hurricane Season in the Atlantic Ocean began on June 1, 2010, and will end on November 30, 2010. Atlantic hurricanes affect the eastern and Gulf coasts of the U.S. and the Caribbean nations. The experts are predicting a busier-than-usual hurricane season for 2010. According to the forecast, there is an 85% change of an above-average hurricane season in 2010. We can expect an “active to extremely active” season. 14-23 named storms (winds 39 mph or higher)8-14 hurricanes (winds 74 mph or higher) 3-7 major hurricanes (winds of at least 111 mph)

So it seems that there will be a steady parade of storms in the Gulf, and only once in 12 years did NOAA’s prediction turn out to be an overestimate. Let’s take a look at the oil and where it is predicted to be:

The NY Times’s simulation reporting shows the oil going around Florida and up the East Coast. The University Corporation’s Atmospheric Research showed the oil going around Florida and up the east Coast. The oil is going to escape into the Atlantic, there is no doubt about it. Here is a computer simulation.

But here is science for the third part of this study of oil and hurricanes: wind plastering it all over the United States. It’s hard to imagine the effects of wind-driven oil and chemicals on the farmlands in LA, TX, Alabama, Mississippi, Florida, but not so hard to imagine there will be some. We know that salt-driven inland has devastating effects on vegetation up to 45 miles inland. (Photo: This satellite-based image shows brown areas along the Texas and Louisiana coasts where vegetation has been killed off by saltwater after Hurricane Ike pushed seawater inland. The brown area in the gulf indicates sediment taken from the coast when surge waters flowed back out.)

But what about the effects far inland? Yes, I said far inland. A NASA study conducted in 23 of the effects of wind-driven salt and plankton from the Pacific hurricanes of 1998 found that the winds had indeed driven them far inland. Like, from California to Oklahoma.

Hurricane Winds Carried Ocean Salt & Plankton Far Inland
Researchers found surprising evidence of sea salt and frozen plankton in high, cold, cirrus clouds, the remnants of Hurricane Nora, over the U.S. plains states. Although the 1997 hurricane was a strong eastern Pacific storm, her high ice-crystal clouds extended many miles inland, carrying ocean phenomena deep into the U.S. heartland. Scientists were surprised to find what appeared to be frozen plankton in some cirrus crystals collected by research aircraft over Oklahoma, far from the Pacific Ocean. This was the first time examples of microscopic marine life, like plankton, were seen as “nuclei” of ice crystals in the cirrus clouds of a hurricane.

National Geographic also studied the effects of hurricane wind-driven salt onto the far inland parts of the US, enough to change the local ecosystem. Answer: yes the hurricanes drive surface items such as salt far inland. It would likely do the same for oil. Wat I wrote back on April 30 was “As the hurricane makes landfall, the oil foam would be plastered on everything for hundreds of miles. When trees, grasses, plants, animals, etc. get pounded with the foamy winds they will get a thin layer of oil. That thin layer of oil mixed with sea water would likely kill any vegetation.” If it has been proven that salt carried far inland has devastating effects on the land and trees, then what of the effects of oil?

Thirty-seven percent of the Gulf is already closed to fishing. As the slick grows, that number grows. It was 31% only a few days ago. Fishing is food, and food is already scarce. As the farmlands inland receive chemicals and oil from wind-driven tropical force and hurricane driven winds, from the Gulf AND the east coast, it is not hard to imagine the end time warning of famine in Matthew 24:7 coming to fruition very soon.