Food prices set to hit record

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Food prices set to hit record

Prophecy Sign:  Food shortages and a global food crisis:

While inflating food prices may only cause most people in the Western World to grumble when they open their wallets to pay the grocery bill, many millions of people living in the third world will be driven further into poverty and despair.  This will only further the prospects of revolutions and civil unrest.

The Apostle John writing in the book of Revelation warned that things will only get worse during the time of the Tribulation.  John warned that food would become so exorbitantly expensive that a days wage would be necessary to purchase a days worth of food, (for a family or for a single person, John doesn't tell us).


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!” Revelation 6:6 NIV


From the article:

Global food prices may rise 4.4% to a record by the end of the year, driven by demand for meat, oilseeds and grains used to make ethanol, adding to costs that mean inflation is accelerating from the U.S. to China. The United Nations’ Food Price Index may climb to 240 points from 229.84 last month, said William Adams, a fund manager at Zurich-based Resilience AG, which has US$22.2-million of assets. Global corn stockpiles are shrinking the most in seven years, inventories of nine edible oils will drop to the lowest since 1974 and U.S. beef stocks will be the smallest since 1999, the U.S. Department of Agriculture estimates. “The stockpiles are being severely depleted,” said Mr. Adams, who correctly forecast gains in heating oil and gasoline prices last year. “Eventually it gets to the consumer. The U.S. government isn’t subsidizing pork chops like it is ethanol.”


Food prices set to hit record

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