Will the average price of a loaf of white bread reach $18 in 2023? In light of Bible prophecy that is definitely a possibility, here is what I base that assertion on.
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. Revelation 6:5,6.
As I have mentioned in my writings on this blog many times, I believe it is possible that Seals 1 and 2 have been opened, and if so, Seal 3 is next. And as you can see above Seal 3 involves inflation to the point that a measure of wheat costs a penny and three measures of barley cost the same.
Now what do those Biblical amounts and prices mean to us today? Consider what these commentators say.
A quart
of wheat for a denarius, and three quarts of barley for a denarius: These
prices are about twelve times higher than normal. It means that it would cost a
day’s wage to buy the ingredients for a loaf of bread. This describes “a time
of famine when life will be reduced to the barest necessities.” (Walvoord)
6:6 a denarius.
A Roman silver coin that had a nominal purchasing power of 10 qt. of wheat or
30 qt. of barley. One qt. of wheat was the daily ration for a soldier. (Ryrie)
Thus, if a denarius could buy 10 qts., and after Seal 3 is opened, now can only buy one qt., the price increased ten times.
So according to those analyses during Seal 3 the price of wheat would go up ten to twelve times and thus the price of bread would go up at least that much.
According to the official stats the average price of a loaf of white bread in the USA in 2020 was about $1.45. Ten times that would put us at about $15 for a loaf of white bread, twelve times would be about $18!
Will Seal 3 be opened in 2023? Will the price of bread go up to $18 per loaf? Here is what a few financial types are saying about the economy in general.
So,
when the housing bubble burst, all of these assets had to be revalued at
much lower values... resulting in the global banking system imploding during
the Great Financial Crisis of 2008.
What
did the Fed do to address this situation?
It attempted to corner/ create a bubble in U.S. sovereign bonds, also called Treasuries.
These
are the senior most asset class
in the world. These bonds act as the bedrock of our current financial system,
with their yields representing the “risk free” rate of return against which all
assets (stocks, bonds, real estate, etc.) are valued.
Put
simply, when the Fed created a bubble in these bonds it was actually creating a
bubble in EVERYTHING, because ALL asset classes would eventually be repriced
based on Treasuries were doing.
This is why I coined the term “the Everything Bubble” in 2014.
And
that bubble has now burst.
The
yield on the all-important 10-year U.S. Treasury has broken its 35 year down
trend. The era of Serial Bubbles is over. And there is nothing the Fed can do
to fix this situation.
After all, what can it do? There isn't a larger more systemically important asset class the Fed could use to create another bubble. And introducing more extraordinary monetary policy would make the situation worse…
Source:
https://gainspainscapital.com/
Lawyer
John Titus is an ardent Fed watcher. He
has some of the most popular videos on the internet explaining complicated
Federal Reserve actions and policies.
Titus says the Fed is in a dangerous situation where the slightest wrong
move in any direction could cause a financial system meltdown worse than
2008. Titus explains, “When you have a
debt based monetary system and you take away the drugs, you risk a withdrawal
process that can get very nasty, and that’s exactly what happened in 2008. You start this downward deflationary spiral,
and suddenly, people start calling in loans.
Oh my goodness, the collateral is not good, and we all know what
happened in 2008. That’s why the Fed has
got to be careful now. They are between
a rock and a hard place. They don’t want
the money supply, the bank money supply, at the retail level to rocket up. They’ve got to stop that. They have stopped that on one hand, but on
the other hand, they don’t want the deflationary spiral. The last thing they want in the world is the
twin nightmare. You’ve got raging
inflation, and by the way, no one has a job, and nobody has any money. The money you do have doesn’t buy
anything. The Fed is staring right at
it.”
Titus contends the Fed has printed more money than ever before and at a much faster pace than ever before. Titus warns, “The confetti party has a way of ending rather rudely and abruptly.”
Source: https://usawatchdog.com/fed-confetti-party-will-end-rudely-abruptly-john-titus/
And another
Greyerz Just Warned Investors To Prepare For A Hyperinflationary Collapse
So, will 2023 be the year that we see the black horse ride? Will the Jubilee year we are in now be the year that the markets crash, and we see hyperinflation as we forecasted?
Forecast:
Financial
If Seal
1 and 2 have already been opened, then 2023 could be the year that we see the
Seal 3 hyperinflationary financial collapse and famine, which could follow a
major earthquake--Joe Brandt's horse was named Blackie.
Has
Seal 1 and 2 Been Opened, Is Seal 3 Next?
Remember
that 2021/22 was a Shemitah year and 2022/23 is a Jubilee year and historically
in those years stock markets do not do well. Thus, I issued a forecast for a
financial downturn, and here is what happened.
In 2022
the Dow lost about 9%, the S & P about 19% and the Nasdaq about 33%.
I look for this financial downturn to continue and accelerate into 2023. Also look out for Elul 29, the last day of the Jubilee year, which is a date that has the potential for a big crash. In our calendar that would be Friday September 15, 2023.
Will 2023 be the year that Seal 3 is opened or has it already been opened? Remember horses gallop slowly in comparison to other forms of transportation.
If the last 7 years began in 2020, then I say, yes 2023 will be the year of that we see the results of Seal 3 and loaf of white bread will go up to at least $15. If the last 7 years did not begin in 2020, then we have more time. Are you prepared for when it does happen?
Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man. Luke 21:36
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