Prophecy Sign: Famines and soaring world food prices
Revelation chapter 6 describes a coming time when food will become a premium item, (like it's not already in many third world nations). Costs will soar, as it will take a days wage to purchase only enough food for a day. Think it can't happen? A middle-east war gone nuclear, a collapse of the world economy, the skyrocketing of oil prices, would all be enough individually to make food costs soar beyond our imaginations, but should all those events happen simultaneously it would result in just what the Apostle John recorded in chapter 6 of the Revelation of Jesus Christ.
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
The USDA has released their projections for food price inflation in 2011/2012, showing troubling forecasts that may send you to the grocery store today, before paying higher prices tomorrow. The report shows that the Consumer Price Index (CPI) for all food increased 0.8 percent between 2009 and 2010, and is forecasted to increase 3.5 to 4.5 percent in 2011. Bruce Krasting notes that the USDA’s projections are especially troubling considering Federal Reserve Chairman Ben Bernanke has said he wants to contain inflation (although excluding food and energy) at less than 2%. Food inflation is running at double his target. Writing in Business Insider, Krasting says the problem is even more serious than the USDA indicates and that global demand is set to push prices even higher as time goes on:
USDA Predicts Surging Food Prices in Coming Year
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