Canada Dollar Collapse, Food Prices Soar (link)

Image Credit
Image Credit

What would you do if you went to the grocery store and found that you now had to pay $8 for a head of cauliflower or $16 for a single bell pepper? You wouldn’t buy them, that’s what!

And this is precisely what’s happening in some parts of Canada these days due, in part, to falling oil prices and their import of fresh vegetables. Can you think of any other nation who imports nearly everything and is super dependent on oil and oil prices? Hmmm… one comes to mind.

Sadly, we could be seeing this very scenario play out here at home and do so in the very near future. Let this be a wake up call to you and yours if you don’t have at least a minimal stockpile of food to weather such drastic fluctuations in food prices, gasoline, and everything else we depend on.

We here in America are NOT immune to collapse and, regrettably, could wind up being the worst collapse of all time. Here’s the first part of the post on Canada’s troubles:

“It’s no secret that America has a serious inflation problem. Though the Federal Reserve insists that our inflation rate is only at around .5%, we’ve all seen the price of food, rent, healthcare, and energy skyrocket over the past 10-20 years. However, this has been a gradual shift. Canada on the other hand, has just seen the price of every day goods rise precipitously over a very short period of time.

The crash in oil prices has crippled their economic growth, and led to the decline of the Canadian dollar, as well as a predictable increase in the cost of imports like food. For those of us living in the US, this provides a really good example of what life may be like should the dollar take a plunge in the near future. Here’s what our northern neighbors have been dealing with…”

Read the full article here

Share the knowledge with your friends, family, and unprepared masses...

Author: Damian Brindle

Blogging about all things survival and emergency preparedness, including experiences with DIY projects and ideas, gear reviews, living frugally, cooking in unconventional ways, and more! Take a tour to better understand the many tools and resources you can find here as well as what to expect in the future. Learn from my experiences and share your own in the comments below. Have a blessed day. :)

1 thought on “Canada Dollar Collapse, Food Prices Soar (link)”

  1. Couple of basic things. Yes, be self reliant. Yes, be prepared. I own and run a restaurant. Where? Oh, you know, Canada. But we’ll come back to that in a sec.

    One tactic that I abhor is the use of scare tactics. They, like torture, never really achieve the ultimate aim.

    Fact checks. Canada does have a heavy reliance on imported goods. Canada does have a falling dollar. Yesterday, it did in fact fall below 70 cents American.

    However, the very important point that is being missed, is, our dollar (Canada’s) has sat in the 70-80 cent range for most of the last 30 years. It’s only been in the last few that it was at or above par. So, we prospered then, and will continue to.

    It is not ego or bravado that is speaking, it is historical fact.

    My restaurant is your basic breakfast and lunch restaurant. Nothing fancy. Just your usual fair.

    You know what prices we as business owners see? Meat and grain prices. Pork bacon is typically running at $42-46 for 18/22 5kg box. To explain, 18-22 pieces per 1lb, or approx 200 pieces of bacon per 10lb box. 1 year ago, it was $25-29.

    Grains, particularly the flour grains have gone up 50% over last year. I don’t make from scratch. So ready made mixes such as pancake batters have and are expected to increase another 5-15% this year.

    Produce, any from the States, has shot through the roof. (because, they say, ecological issues in their respective home states)

    All this notwithstanding, prices will always go up, unless or until there is a resetting of the global economies.

    The focus should be on developing home base systems whether regional, personally, or other. Iceland has done this. Even going through a horrendous financial collapse. They are developing year round green houses and food systems to feed their countrymen without a dependency on other nations.

    Perhaps that’s where we need to turn to next.

Leave a Reply

Your email address will not be published. Required fields are marked *