India is currently experiencing year-over-year inflation in food prices of nearly 20%.

India’s government has been denying that their 20% food inflation is coming from their record low interest rates of 4.75%. Instead, they are placing the blame on the weak monsoon season, which saw 23% less precipitation than normal levels. If India is seeing 20% food inflation with 4.75% interest rates, imagine how much food inflation the U.S. will soon see with 0% interest rates and a drought crisis in California that is worse than India.

While the biggest financial concern for Americans today is making their mortgage payments, mortgage payments will soon be the least of their concerns. Within the next two to three years it is likely that the cost for the average American to fill their refrigerator with food for the month, will rise to a level that is higher than their average monthly mortgage payment. We could also see the average American need to work one full month of the year, just to afford their annual fuel cost to commute to work.

In the fifties, food was 20% of family income. We lived in smaller houses, had smaller closets with less clothes in them. When my jeans tore, they had these funky iron on patches. People took their lunches to work, they cooked dinner at home and the kids played in the park. Organized sports were limited to little league and pop warner and for boys only.

Welcome to the new America- we be poor…unless you join the elite, but the registration is limited and the perks can include assisted suicide…

”It’s a big club and you ain’t in it. You and I are not in The big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care. Good honest hard-working people . . . white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means . . . continue to elect these rich dudes who don’t give a heck about you.

— George Carlin

- TheRed.PillPlease

Related Posts:

• Housing prices are still inflated.
• China’s nowadays is similar to the 1920’s and 1930’s.
• Can someone explain to me (in layman’s terms) why the dollar is strengthening?
• The whole scenario was developed on the credit card model.
• Why would we want to keep the dollar strong?

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