How rising inflation can affect your food storage plans
Ever since the Federal Reserve decided to approve policy to keep interest rates at all-time lows, the threat of inflation has been lurking in people’s minds. However, the stagnant world economy has kept a lid on inflation. But with all that money being pumped into the financial system, isn’t it just a matter of time until inflation becomes a serious problem?
In late 2010, Glenn Beck devoted a lot of time on his then Fox News program to the dangers of rising inflation. At the time, the Federal Reserve began what is known as Quantitative Easing 2, which was designed to jump start the sluggish economy (read more about QE2 here). The program was designed to inject about $900 billion into the money supply. Beck predicted $10 candy bars and even higher gold prices.
Beck has been pretty accurate with his gold prophecy, but candy bars don’t cost $10–yet. But the question is will they? And for the purposes of this blog, what does rising inflation mean for food storage?
Luckily for those buying food storage, the long shelf lives of freeze-dried food practically make the product inflation proof. you can buy a package today and still retain the benefit for 25 years. Just imagine how much more food will cost in 25 years. Based on historical inflation trends, a roughly $1,000 emergency food package could cost well over $10,000 in 25 years.
So although we never recommend buying food storage out of fear, we do think it is wise to consider the very real threat of inflation and how that could affect the price you end up paying to get prepared.