High inflation, Reasons for food price inflation, the Inflation Reduction Act, and prophecy

BREAKING: #UK #inflation hits 10.1%, driven by soaring #food and #fuel prices. It is only the fourth time in 70 years that inflation has breached the 10% threshold, the other periods being 1951-52, 1973-77 and 1979-82. pic.twitter.com/J32LM0PuON

— BNN United Kingdom (@BNNUK) August 17, 2022

COGwriter

We are seeing food and fuel price inflation in most lands around the world:

UK inflation exceeds 10% as bread and milk prices soar

August 17, 2022

(CNN Business)Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the first time since 1982 and piling further pain on households already struggling to pay their bills.

Annual consumer price inflation hit 10.1% in July, according to data published by the Office for National Statistics on Wednesday, up from 9.4% in June. Soaring food prices — up 12.7% since July 2021 — were the largest single contributor to the acceleration in inflation, the ONS said.

The headline inflation number was higher than predicted by a Reuters poll of economists, and food inflation is now running at its highest level in 14 years.

“All the eleven food and non-alcoholic beverage classes made upward contributions to the change in the annual inflation rate, where prices overall rose this year but fell a year ago,” the ONS said. https://www.cnn.com/2022/08/17/economy/uk-inflation-10/index.html

The other reason why food prices are rising

The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027.

More expensive fertilizers are contributed to those higher costs, with some fertilizers spiking 300% since September 2020, according to the American Farm Bureau.

“Last year [fertilizer] was around $270 per ton and now it’s over $1,400 per ton,” Meagan Kaiser, of Kaiser Family Farms and farmer-director of the United Soybean Board, told NBC’s “Nightly News with Lester Holt.” …

Also factoring into price spikes are rising natural gas costs. https://www.cnbc.com/2022/08/14/the-other-reason-why-food-prices-are-rising.html

August 17, 2022

German power prices surged above 500 euros per megawatt-hour on the European Energy Exchange AG for the first time as the energy crisis worsened.

German year-ahead power jumped 6% to 507 euros per megawatt-hour as there are no signs of the natural gas rally slowing down.

Russia’s reduction of NatGas flows via the Nord Stream 1 pipeline and a scorching summer across Europe have been the main drivers of power prices. Since early June, power prices have risen 173%, pressuring households and businesses with unprecedented costs. https://www.zerohedge.com/commodities/german-power-prices-hit-record-energy-crisis-worsens

Rises in fuel and oil costs also affect food prices.

Inflation is an issue, and yes, there are reasons to believe that the actual inflation rates exceed the official ones in many lands.

Jesus prophesied:

5 … Take heed that no one deceives you. 6 For many will come in My name, saying, ‘I am He,’ and will deceive many. 7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:5-8)

Rises in food and energy prices are troubling. We can expect to see more protests and even civil unrest because of price inflation.

Now, notice that the ride of third horseman of the Apocalypse results in scarcity, inflation, and famine. Revelation 6:5-6 prophesies that there will be food, but that it will be quite expensive (food-price inflation).

5 When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. 6 And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” (Revelation 6:5-6)

Some will thus die, as they will not be able to afford it, while others will survive but struggle.

Also, notice that wheat, barley, and edible oil is listed as shortages associated with the ride of the third horseman. Ukraine is a significant exporter of all of those–or at least is was.

Related to some of this, the Continuing Church of God put together the following video on our Bible News Prophecy YouTube channel:

16:00

Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse

Did you know that the sanctioned lands of Russia and Belarus are dominant suppliers of ingredients used in modern fertilizers? Are you aware that the United Nations Food and Agriculture Organization (FAO) estimates that 33% of the farmland in Ukraine may not be planted and/or harvested because of Russia’s ‘special military operation’ in Ukraine? Are parts of the world like Sudan, Lebanon, and the USA experiencing food price inflation? What about impact on the Palestinians in Gaza? Could any of this help lead to the rise of the King of the South? What are some factors that look to increase rice prices? Did Jesus warn of wars and troubles? What are three foods that Ukraine exports that are associated with the shortages and food price inflation of the ride of the third horseman of the Apocalypse? What does Jesus say His followers should do? Dr. Thiel addresses these matters in this video.

Here is a link to the video: Russia, Ukraine, Food, & the Ride of the 3rd Horseman of the Apocalypse.

In the USA, a new law was passed called the Inflation Reduction Act. Many have expressed doubts it will do much related to inflation. Notice the following tweet:

#inflation reduction act pic.twitter.com/C4V7gc1zBQ

— HODL never SODL 丰 ?? ?? ?? ☣️ ∞ (@HODLneverSODL) August 6, 2022

USA President Biden signed it into law yesterday:

August 16, 2022

Sen. Joe Manchin, D-W.Va., on Tuesday admitted that the Inflation Reduction Act won’t “immediately” temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time.

Manchin’s comments came after President Biden signed the landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts have said it will have a barely perceptible impact on prices. …

Asked by Fox News reporter Hillary Vaughn whether it was misleading to call the bill the Inflation Reduction Act because it won’t make everyday goods less expensive, Manchin said, “Why would it?”

“Well, immediately it’s not,” Manchin said. “We’ve never [said] anything would happen immediately, like turn the switch on and off.” https://www.foxbusiness.com/politics/manchin-admits-inflation-reduction-act-wont-tame-inflation-americans-anytime-soon

Supply and demand affect inflation. When there is more money and/or less goods this tends to bring prices up. During COVID, many governments in the world printed up money while their nations also produced less. And yes, Russia’s “special military operation” into Ukraine as well as weather issues are also factors in food and energy price inflation–as have been political decisions including sanctions.

As far as inflation and money goes, the Continuing Church of God (CCOG) put together the following Bible News Prophecy video on our Bible News Prophecy YouTube channel:

15:26

Inflation: When Money Fails

Inflation has been higher in 2022 than it has been for decades in the USA, Europe, and many other lands. What are some of the disruptions that inflation can cause? What about hyperinflation affecting places like Venezuela? Did the Book of Haggai predict inflation? Is food price inflation associated with the ride of the third horseman of the Apocalypse? Does sin and government mismanagement cause inflation? Are there physical things one can do about inflation? What about storing food or buying gold? Will gold outlast the USA dollar? Why might some throw their gold in the street as Ezekiel prophesied? What should God’s people do about inflation? What did Jesus teach about food worries? What about seeking the Kingdom of God? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: Inflation: When Money Fails.

As far as the USA itself goes, notice something from my book Biden-Harris: Prophecies and Destruction:

Make no mistake about it — massive inflation is coming.

The U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19). …

Inflation will eventually hit the U.S.A. extremely hard.

The USA inflation rate is now at a 41-year high. In the UK it is at a 40-year high.

Notice also the following:

UK inflation to hit 15% in early 2023, Citi predicts

August 17, 2022

LONDON, Aug 17 (Reuters) – British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower prices, economists at U.S. bank Citi forecast on Wednesday.

Earlier on Wednesday, official figures showed CPI hit 10.1% in July, above all economists’ predictions in a Reuters poll.

“In our view, the composition re-affirms the risk of more sustained domestic inflation. In the absence of offsetting support, we expect CPI inflation to accelerate to over 15% in Q1-23,” Citi economist Benjamin Nabarro wrote in a note to clients. https://www.reuters.com/world/uk/uk-inflation-hit-15-early-2023-citi-predicts-2022-08-17/

Whether or not the UK rate will be 15% next year, there will be more food price inflation. And not just in places like the UK.

Some items of possibly related interest may include:

Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
Four Horsemen of the Apocalypse What do each of the four horseman of the Apocalypse represent? Have they began their ride? Did Jesus discuss the any of this? Might their rides coincide with the “beginning of sorrows? Do they start their ride prior to the Great Tribulation? Did Nostradamus or any other ‘private prophets’ write predictions that may mislead people so that they may not understand the truth of one or more of the four horseman? There is also a related YouTube video titled Sorrows and the Four Horsemen of the Apocalypse.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2029 or or 2031 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to four related sermons: The Fantastic Gospel of the Kingdom of God!, The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.