The owner of Moulins Bourgeois, a family-owned flour mill in France, says the price of wheat alone has increased by more than 30 percent in recent months. The electricity bill to run the mill is also skyrocketing due to the ongoing energy crisis.
"Inflation is brutally high," says Julien Bourgeois, whose family owns Moulins Bourgeois.
The mill supplies flour to about 1,000 bakeries across France, which are now increasing prices on baguettes by about 10 cents to cover the difference. This might not sound like a lot, but it is only just the beginning of what is rapidly turning into hyperinflation.
"Consumers can afford to pay more for now, but prices will keep rising," Bourgeois warns. "It's worrisome."
Even before the recent 10-cent price increase, the cost of baguettes had already risen by 8 percent compared to a year ago. The fact that this is affecting bread specifically is even more ominous because the French Revolution, Bourgeois recalls, "started over the price of bread."
Compared to a year ago, prices on just about everything have risen. A basic loaf of bread, which is about the simplest form of nourishment available, is up, along with other key essentials, by about 19 percent – the fastest rise on record.
Gasoline and other fuels are also off the charts. And as you may have noticed, they rise and fall from day to day with extreme volatility, which has similarly never before occurred to this degree.
The "experts" are all blaming Russia's invasion of Ukraine, but recall that inflation and shaky markets were already a problem long before Vladimir Putin decided to pull the trigger.
Just like how the Wuhan coronavirus (Covid-19) scamdemic was used as cover in early 2020 for the sudden market crash that occurred then – followed by a Plunge Protection Team (PPT)-style artificial recovery – the war in Ukraine is the new political scapegoat for decades of financial abuse, corruption, and mismanagement by the powers that be.
Across the European Union (EU), food prices have jumped by nearly 16 percent while energy prices have soared by around 40 percent. Similar inflation is occurring in the United States, too, though not to the same degree – at least not yet.
The Federal Reserve and its private fiat currency Ponzi scheme is showing major cracks that will likely give way to a massive demolition of the current economic order. Once that ship sinks, the rest of the world will quickly follow.
Right now, though, all eyes seem to be on Europe which is about to enter a very dark winter without energy and affordable food. As the Times warns:
"When the price of bread rises, people feel it right away."
Bread inflation is a problem not just in France but also in nearby Germany, which has seen an 18 percent price increase over the past year. One Berlin bakery, Fine Bagels, says it recently raised its bagel prices 10 cents after much "debate at the bakery."
"The owners didn't want to raise prices, but, in the end, we didn't have a choice," says Alice Zuza, an employee at Fine Bagels.
The Western media, including the Times, continues to blame Russia for all this, but we know better. The dark time into which we are entering has been a long time coming – and it is going to be ugly.
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Sources for this article include: