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What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course, corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.

We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019…

As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income).

Needless to say, the final numbers for 2020 will be quite a bit higher, and many believe that eventually the percentage of disposable personal income that the average U.S. household spends on food will reach 40 percent.

That would mean that many poor households would end up spending well over 50 percent of their personal disposable incomes just on food.

At one time that would have been unimaginable, but now everything is changing.  As I noted above, the price of corn his increased 142 percent since this time last year…

Corn prices have jumped roughly 142% over the past year to $7.56 per bushel, the highest price seen in eight years for the crop.

A drought in Brazil and increased demand in China have put pressure on global suppliers.

In other areas we are seeing more moderate inflation, but overall we just witnessed the largest increase in food inflation “in almost nine years”

The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020. Eggs and cheddar cheese are both up 6%.

Looking at all consumer goods as a whole, the latest inflation data in the Consumer Price Index from the U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years.

Meanwhile, the price of lumber just continues to shoot even higher.

In New Jersey, one man says that the total cost of lumber used in building his new home will reach $70,000

Tom McCarthy can’t finish building a home in Bergen County, New Jersey because of the lumber shortage.

“There are pieces of wood that we can’t find,” said McCarthy, a real estate broker with the Chen Agency who also builds homes with his father on the side.

McCarthy estimates the cost of lumber for the home will hit $70,000, nearly double the cost of building the exact same home in a nearby town just eight months ago.

Isn’t that nuts?

Instead of building a new home, you could try buying an existing one instead, but real estate prices in many areas have gotten completely insane.

In northern California, one house recently sold for more than a million dollars over listing price

When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one.

While the Berkeley sale was particularly sensational — it sold for double its list price and received 29 offers — these individual stories are becoming more common in today’s real estate market, according to recent data and anecdotes from real estate professionals.

I never imagined that I would see such a thing happen.

But one real estate agent says that such wild bidding wars are becoming increasingly common

And that’s especially true in the East Bay. “People are not surprised when a home goes $1 million over,” said Josh Dickinson, the founder of real estate agency Zip Code East Bay. “When my clients see a house for $1.9 million they’re almost conditioned to think it’ll go over $3 million in Piedmont or North Berkeley.”

This is what the beginning stages of hyperinflation look like, but Federal Reserve officials insist that we have nothing to be concerned about.

In fact, Eric Rosengren just told the press that the crazy inflation we are seeing now “is likely to prove temporary”

Boston Federal Reserve President Eric Rosengren in an interview with MarketWatch on Wednesday dismissed talk of scaling back asset purchases as premature, and said temporary factors pushing up inflation this spring won’t last.

“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.

Do you believe him?

I don’t.

As Simon Black has pointed out, the federal government is just going to continue to borrow and spend trillions upon trillions of dollars…

This is the big one. The US federal government is hoping to spend a whopping $11 TRILLION this year, between the regular budget, COVID stimulus already passed, and all the new legislation they’re proposing.

And it’s only May.

Obviously Uncle Sam doesn’t have the money. So they have to borrow it.

Almost everybody loved it when the federal government started sending out big, fat stimulus checks.

But you aren’t going to love it when a cart of food costs you $400 at the grocery store.

Whenever the government hands out “free money”, someone has got to pay for it, and one way we are paying for it is through higher prices.

If you do not believe that this is a major national crisis yet, you will soon, because it won’t be too long before most of the country is loudly complaining about how nightmarish inflation has become.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country.

In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems.  In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead.  The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately.  In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…

The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.

From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction.

Over the past year, the Federal Reserve has pumped more money into the financial system than ever before, and the U.S. government has been on a wild spending spree that makes Zimbabwe look fiscally conservative.

It was inevitable that this was going to cause rampant inflation, but the numbers that we are starting to see are so crazy they are difficult to believe.  A couple of weeks ago, Charlie Bilello posted a summary of how commodity prices have changed over the past year…

Lumber: +265%
WTI Crude: +210%
Gasoline: +182%
Brent Crude +163%
Heating Oil: +107%
Corn: +84%
Copper: +83%
Soybeans: +72%
Silver: +65%
Sugar: +59%
Cotton: +54%
Platinum: +52%
Natural Gas: +43%
Palladium: +32%
Wheat: +19%
Coffee: +13%

At this point, nobody can deny what is happening, and even the Biden administration is admitting that there will be “supply chain disruptions” and “transitory increases in prices”…

Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.

Anchor Chris Wallace said, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?

Rouse said, “These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices.”

Biden administration officials would like for us to believe that this inflationary period will just be “temporary”, but exactly how do they plan to achieve that?

Do they have a plan to somehow pull trillions of dollars out of the system?

No, they are planning to borrow and spend trillions more.

In the 1970s, double-digit inflation made headlines for years on end.  Many people believe that we are well on the way to a return to such levels, but according to John Williams of shadowstats.com, we are already there.  In fact, if inflation was still calculated the way that it was back in 1980, we would already be in double-digit territory.

And for certain items, we are already seeing inflation that is off the charts.

For example, the price of corn is up more than 30 percent so far in 2021…

From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.

Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch.

Corn is used in hundreds of different products at the grocery store, and so this is going to dramatically affect the food budgets of millions upon millions of American families.

Meanwhile, we continue to see more shortages start to emerge.  Last week, the mainstream media was freaking out over our new nationwide chicken shortage

A chicken shortage is taking place across the country, much of it fueled by the chicken sandwich craze at fast food chains such as KFC and Bojangles, which are having a hard time keeping up with soaring demand. Experts say February’s massive winter storm in Texas also contributed to gaps in the supply chain.

That shortage is supposed to be “temporary”, but analysts are warning that the current computer chip shortage could last until 2022.

But despite all of the problems that I just detailed, Americans are increasingly optimistic about the future.

In fact, one recent poll found that a whopping 64 percent of all Americans “are optimistic about the direction of the country”

Nearly two-thirds of Americans (64%) are optimistic about the direction of the country in the poll, which was conducted by Ipsos in partnership with ABC News using Ipsos’ KnowledgePanel.

And Americans are also extremely optimistic about the stock market.  If you can believe it, Americans now have more of their assets invested in the stock market than ever before

Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.

Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 that includes 401(k) retirement accounts.

Most Americans seem to believe that happy days are here again, and the stage is set for an immense nationwide emotional meltdown once this “bubble of hope” inevitably bursts.

Anyone that believes that things are going to get better has a fundamental misunderstanding of the times in which we live.

We have just been through the most painful year for the U.S. economy since the Great Depression of the 1930s, and I know that most people would like to see things turn around, but that simply is not going to happen.

Very dark days are ahead, and those that are trusting Joe Biden to save America are going to be bitterly, bitterly disappointed.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Violence In Lebanon Over Hyperinflation: The U.S. Could Be Next

While the United States has staved off the worst of hyperinflation, for now, Lebanon is not so fortunate.  Violence has erupted in the streets as people’s currency is worthless and they can no longer afford to buy food.

This is all a part of a larger agenda. The central banks and the ruling class want a digital dollar in order to permanently control people.  By intentionally collapsing the currency, they think people will line up to get their digital wallets and pittance from the state in exchange for total slavery, and sadly, some will.

If you want a glimpse into the future, however, let’s take a look at what’s happening in Lebanon…

Lebanon’s currency collapse has accelerated and with it the economy and people’s living standards, according to a report by ZeroHedge.  It appears the Lebanese people have had enough, and the widespread protests pose the biggest threat to the nation’s stability since the 1975-1990 civil war.

Lebanon is heavily reliant on imports, particularly of commodities and consumer goods, and recent price surges have worsened the situation for an already beleaguered population, now living under the specter of potential widespread hunger. This has all been exacerbated by their government and we will not be shielded from this here in the United States. Once the central banks cease to manipulate the monetary system they set up to enrich themselves, the facade falls and we could very well see similar situations in most corners of the U.S.

As if that’s not bad enough, the Lebanese Energy Minister Raymond Ghajar said that cash to fund power generation was running out, warning that the country may be plunged into darkness by April, according to a report by RT.

Prepare now, because this kind of currency meltdown may hit fast and without warning.  Banks won’t be able to supply you with currency and what you do have will be worth less than toilet paper.

Make sure you have barterable goods.  Those could be gold or silver, but could also be soaps, canned foods, water, and other necessities. Know how to barter and what will be of value if the current monetary system does crash because the solution that will be proposed will be further enslavement you will never be able to escape from.

Once this happens, it’s up to us to live outside their system and make it work or be destined to be a cog in the machine of control forever.

 

The post Violence In Lebanon Over Hyperinflation: The U.S. Could Be Next first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Shoplifting In Grocery Stores On The Rise In The U.S.

As businesses and families struggle to get by in the aftermath of the government’s massive overreaction to the coronavirus scamdemic hoax, shoplifting in grocery stores has been spiking. This is a case where people are stealing food, not overpriced luxury goods.

America is well on its way to becoming a third world country thanks to people’s continual obedience to the state’s disastrous orders. As of right now, the statistics are bad, but they are expected to get a whole lot worse as the entire economy collapses in a heap.  More than 20 million Americans currently on some form of unemployment assistance.,  and some 54 million Americans are projected to struggle with hunger this year. This is an increase of 45% from the year prior, as noted by the USDA. And according to The Washington Postmore Americans are shoplifting for basic necessities at the grocery store more than ever before.

more than 20 million Americans currently on some form of unemployment assistance. As income disappears and families begin to experience hunger, the prevalence of shoplifting heightens, says a new report.

“We’re seeing an increase in low-impact crimes,” Jeff Zisner, chief executive of workplace security firm Aegis, told The Washington Post. “It’s not a whole lot of people going in, grabbing TVs and running out the front door. It’s a very different kind of crime—it’s people stealing consumables and items associated with children and babies.”

The Census Bureau also told The Washington Post that nearly 26 million adults reported not having enough food to eat as of mid-November, a record high.

Resources for food assistance programs are becoming sparse for those in need as well, which is another reason why Americans are turning to shoplifting. Meal shortages are on the horizon at major food banks across the country too, as federal funding is set to expire at the end of the month. In addition, food aid programs such as SNAP and WIC are being reduced. –Yahoo News

It won’t take many more restrictions or lockdown rules to plunge what used to be the world’s most abundant economy into a massive crash that we’ve never seen.  Get prepared now, if you aren’t already.  2021 is not going to be much easier for so many.

The post Shoplifting In Grocery Stores On The Rise In The U.S. first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Famine Is “Knocking On The Door”

Unless there is some sort of unforeseen miracle, millions of people could literally starve to death in 2021.  We are facing a global food crisis that is unlike anything we have ever seen before in modern times, and 2021 is going to be the year when it starts to become extremely painful all over the globe.  But don’t take my word for it.  David Beasley is the head of the UN World Food Program, and so he is in a better position to assess the global hunger crisis than any of us.  According to Beasley, 2021 “is literally going to be catastrophic” and his organization is facing “the worst humanitarian crisis year since the beginning of the United Nations”…

“2021 is literally going to be catastrophic based on what we’re seeing at this stage of the game,” said Beasley, adding that for a dozen countries, famine is “knocking on the door.”

He said 2021 was likely to be “the worst humanitarian crisis year since the beginning of the United Nations” 75 years ago and “we’re not going to be able to fund everything … so we have to prioritize, as I say, the icebergs in front of the Titanic.”

Beasley is feverishly trying to raise more money to meet the rising tide of hunger that he is witnessing all across the planet, but he feels like he is fighting a losing battle.

Freakish weather patterns, crippling droughts and colossal armies of locusts have devastated crops throughout 2021, and the COVID pandemic is putting an extreme amount of stress on global food distribution systems.

As a result, food prices are surging and hundreds of millions of people living in impoverished countries now find themselves unable to afford enough food to eat on a regular basis.

Here in the United States, approximately 50 million people have experienced food insecurity at some point in 2021.  According to PBS, this hunger crisis is even worse than what we went through during the last recession…

Those fighting hunger say they’ve never seen anything like this in America, even during the Great Recession of 2007-2009.

After the initial wave of fear caused by the COVID pandemic started to subside, a lot of Americans thought that we were out of the woods, but now a new wave of lockdowns is being instituted and CNN is reporting that the hunger crisis in America is actually “getting worse” as we approach the end of the year…

Hunger skyrocketed at the pandemic’s onset because of record high job losses, school closures and strained food pantries. But at that point, Americans were better positioned to make ends meet with support from the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act and the Supplemental Nutrition Assistance Program (SNAP), or food stamp, benefits. Yet, as we near year’s end, the problem is getting worse, not better. With the expiration of CARES Act benefits and without any hint as to when the next round of federal aid will hit people’s pockets, families around the country are suffering and will likely continue to do so throughout the holiday season.

Could it be possible that 2021 will end up being even painful for hungry Americans than 2020 was?

That is difficult to imagine, because the numbers from this year have been truly horrific.  The AP analyzed Feeding America data from 181 different food banks, and they found that those food banks had given out 57 percent more food in 2020 than they did in 2019.

If the demand continues to skyrocket, eventually there simply will not be enough food for everyone.

We are all familiar with the photographs from the Great Depression that show men waiting in very long lines for free food.

Well, the same thing is happening now, but with a twist.  Needy people are lining up as early as 2 AM and are waiting in their vehicles for up to 12 hours just to get a few bags of provisions from their local food banks

The history books are filled with iconic images of America’s struggles against hunger. Among the most memorable are the Depression-era photos of men standing in breadlines, huddled in long coats and fedoras, their eyes large with fear. An overhead sign reads: “Free Soup. Coffee and a Doughnut for the Unemployed.”

This year’s portrait of hunger has a distinctively bird’s eye view: Enormous traffic jams captured from drone-carrying cameras. Cars inching along, each driver waiting hours for a box or bag of food. From Anaheim, California to San Antonio, Texas to Toledo, Ohio and Orlando, Florida and points in-between, thousands of vehicles carrying hungry people queued up for miles across the horizon. In New York, and other large cities, people stand, waiting for blocks on end.

Of course my readers were warned in advance that all of this was coming.

For years I have been warning my readers that economic collapse, civil unrest and global famine were approaching, and I strongly urged everyone to stockpile food and supplies.

Now we are constantly being bombarded by headlines that declare that the days that I have been warning about are here, and 2021 threatens to be even worse than 2020 was.

Today, I came across a news story that I think is an appropriate metaphor for what we are potentially facing in 2021.  Hundreds of black vultures have invaded the town of Marietta, Pennsylvania and they are causing tremendous problems.  They are tearing up rooftops and garbage cans, they are defecating all over the place, and they “spew vomit that smells ‘like rotting corpses’ on sidewalks and homes”.

Residents have been desperately trying to scare them away, but they can’t shoot the vultures because they are protected by law

More permanent solutions are in short supply, as the black vulture is federally protected and can’t be exterminated without permission.

It’s illegal in the US to trap, kill or own black vultures without a permit and violators can face a fine of up to $15,000 and up to six months in prison.

So those vultures will get to stay in Marietta for as long as they wish.

Sadly, vultures are now circling over America too.  I have written countless articles about the rotting, decaying carcass that our society has become, and those that hate traditional American values have increasingly gained more and more power.

Now we are just a few weeks away from the start of 2021, and there is every indication that it is going to be an exceedingly painful year.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. I encourage you to follow me on social media on FacebookTwitter and Parler, and any way that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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It is being projected that there could be an “eight billion meal shortage” at America’s food banks over the next 12 months

In 2020, we are witnessing an explosion of hunger in the United States that is unlike anything that we have seen since the Great Depression of the 1930s.  Tens of millions of Americans have lost their jobs since the start of this pandemic, and money is running low for a whole lot of people.  In fact, I just wrote an article about a survey that found that one out of every five Americans will be out of cash by Election Day.  More Americans are slipping into poverty with each passing month, and this has created an unprecedented surge of demand at food banks across the nation.  Meanwhile, our growing economic problems are also causing donations to dry up, and so many food banks are facing a major crunch as we head into 2021.  In fact, Feeding America is warning that their network of food banks is potentially facing an “eight billion meal shortage” over the next 12 months…

Feeding America, the nation’s largest food-relief organization, is warning of a six billion to eight billion meal shortage over the next 12 months, which could leave millions of Americans hungry amid the pandemic.

The dire shortage comes as tens of millions of Americans have turned to local food banks for help amid the pandemic-triggered surge in unemployment and food insecurity.

To me, that is a number that is almost unimaginable.

How in the world are we going to make up an 8,000,000,000 meal shortfall?

And of course that number assumes that things won’t get dramatically worse in our society next year.  If they do, the true number could end up being far greater.

This should greatly alarm all of us, because food banks are the last resort for millions upon millions of desperate Americans.

One of those desperate Americans is a 32-year-old mother in North Carolina named Christian Sullins

“Quite literally, we had nothing, nothing in our account. Five mouths to feed and no income. It was just a really bad time,” Sullins says, adding that it was her, her husband, their two children and her elderly grandmother all living together at the time.

Sullins turned to Loaves & Fishes, a local food pantry network, which is currently operating temporary mobile pantries in the Charlotte, North Carolina area. “At that point, my kids were hungry, and I was just like, Listen, I just had a baby. I’ve been out of work for three weeks. I have no income. My kids are starving — I need food. I have to do something,” she recalls telling an employee with NC Works, North Carolina’s central system providing employment help and career tools.

Can you imagine being in a position where your kids literally have no food?

We should be thankful that our national network of food banks has been able to help so many people throughout this year, but moving forward the system just isn’t going to be able to handle the crushing demand that is expected.

In 2019, approximately 35 million Americans were dealing with food insecurity, but thanks to this pandemic Feeding America expects that number to rise to 54 million

Earlier this year the organization estimated as many as 54 million people in the US could experience food insecurity due to the COVID-19 pandemic.

That’s a major jump from the 35.2 million people who faced hunger last year.

Isn’t that crazy?

We are the wealthiest nation on the entire planet, and yet more than 50 million Americans could soon not have enough to eat on a consistent basis.

During this year I have written numerous articles about the massive lines that we regularly see at food banks all over the country.  In some cases, the lines of vehicles have been measured in miles.  Never before have we seen so much demand, and food bank workers are absolutely astounded by what they have been witnessing.  Here is just one example

Greater Boston Food Bank president Catherine D’Amato says things are getting dire.

‘It used to be one million pounds out the door a week, now it’s two to 2.5 million pounds a week. We’re doing more in a month that we did in a year 20 years ago. Food insecurity has gone from one in 13 people to one in eight in Eastern Massachusetts, even higher for families with children,’ D’Amato said to the Washington Post.

Prior to 2020, food banks could meet most of the demand from donations that they received.  But now supermarkets and retailers are having their own problems and have dramatically cut back on donations.

As a result, food banks are having to spend a tremendous amount of their own money to buy food…

Food banks are buying a majority of the food now, whereas in the past they primarily relied on donations for the bulk of their supply. In fact, the average food bank in North Carolina spent about $80,000 a month on food last year, Darrow says. Now they’re spending an average of $1 million a month to purchase food.

Could you imagine spending a million dollars a month to buy food?

Things are crazy out there, and they are only going to get crazier.

Not too long ago, I wrote an article about the growing food shortages that we are witnessing all over the globe right now.  The top official at the UN World Food Program is warning that we could soon be facing “famines of biblical proportions”, and in some nations food riots have already begun.

The good news is that the United States is in better shape than almost everyone else, but the bad news is that the number of hungry people is exploding here too.

If there really is an eight billion meal shortfall at our food banks over the next 12 months, what are Americans that are desperately hungry going to do?

Is the federal government going to step in to make up the difference?

Of course the federal government already runs the food stamp program, and tens of millions of Americans are already enrolled in that.

We like to think that we have the strongest and most prosperous economy on the entire planet, but the truth is that we have tens of millions of Americans that cannot take care of themselves, and that number is growing rapidly with each passing day.

And as our economy continues to crumble, the hunger crisis in this nation is only going to escalate.

We are moving into deeply troubled times, and I don’t think that our society is equipped to handle what is about to happen at all.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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Bernie Bernie Sanders Bernie sanders campaign Food Hunger Intelwars Maduro Nicolas Maduro Study survey trump UN United Nations Venezuela

In socialist Venezuela, 1 in 3 are going dangerously hungry. But Bernie won’t denounce the regime.

Roughly one-third of Venezuela’s population is unable to reach minimum nutrition requirements, a recent study by the United Nations World Food Program has found.

What are the details?

Researchers concluded that the nationwide concern is due to economic crisis and political upheaval in the country, which has led to “hyperinflation [that] renders many salaries worthless,” according to the Associated Press.

A total of 9.3 million people are moderately or severely food insecure, according to the study, which found that a startling number of Venezuelans are surviving off a diet of mostly potatoes and beans. The World Food Program defines food insecurity as an individual being unable to meet basic dietary needs.

The problem is evidently not one of food availability, but of food affordability, with 7 in 10 reporting that while food could always be found, it is difficult to purchase due to high prices. And 37% also reported that they had lost their job as a result of the economic crisis in the country.

The survey also discovered that over 60% of households have adopted “food-related coping strategies,” which include rationing and limiting the variety of foods to be able to afford it. One-third admitted to accepting food as payment, and one-fifth said they have sold family assets to cover basic needs.

“The reality of this report shows the gravity of the social, economic, and political crisis in our country,” Miguel Pizarro, a Venezuelan opposition leader, told the Associated Press.

The study, which sent out 8,375 questionnaires and then analyzed responses, was surprisingly welcomed by Venezuelan President Nicolás Maduro, who has been previously been reluctant to allow researchers in the country.

A warning for Americans

With the rise of avowed socialist Sen. Bernie Sanders (I-Vt.) to the top of the Democratic presidential field, the study may serve as a warning of what socialistic policies could look like in practice.

Only days ago, a Venezuelan entrepreneur warned Americans in an interview with Fox News that socialism, quite literally, kills people. And earlier this month, Venezuelan Americans communicated a similar message, hoping to persuade voters in the U.S. to not let socialism happen here.

Sanders has heaped praise on communist and socialist regimes in the past and has refused to denounce Maduro’s reign in Venezuela.

President Trump, on the other hand, has taken a hardline stance on Maduro by placing a total economic embargo on his socialist regime and supporting the leader of his opposition in the country, Juan Guaidó.

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