Hemp Seed, Coconut Oil and Other Superfood Prices Set to Skyrocket – Here’s Why

Impacting hemp seeds and hemp oil, the price of crude oil (up 30% or more over the last few months) adds to the cost of transporting these foods. Remember, thanks to the completely idiotic and utterly anti-American stance of the DEA, President Obama and most of the U.S. Congress, it is illegal to grow hemp seeds in America, meaning all hemp seeds sold as nutritional foods in the USA must be imported from other countries. This policy is not only destroying opportunities for U.S. farmers; it also results in the wasteful expenditure of fossil fuels to transport hemp products to the USA from other countries.

(Seriously, you have to wonder just how much Washington is really trying to destroy America these days with its continued ban on the growing of hemp oils, hemp seeds and hemp fibers. This is not a question of whether hemp products are good for America — we already know without question that they are, which is why so many hemp products are imported. This is a question of why the economic morons in Washington have declared war on U.S. farmers and continue to criminalize the growing of a superfood crop with a huge number of industrial and textile applications…)

For those who enjoy following what’s really going on behind the scenes with international currencies, the truth is that the United States is constantly trying to weaken the dollar in order to bolster U.S. exports to other countries. A weaker dollar makes our goods cheaper for foreign buyers. But when combined with the utterly insane domestic policy of the prohibition of hemp farming, it becomes a shell game circus that only ends up hurting American farmers and consumers.

The day our elected leaders actually demonstrate an intelligent grasp of the laws of international trade and economics is the day I gobble down an ear of GMO corn on live television…

Insane corn ethanol subsidies continue to send corn prices sky-high, too. This is yet another example of economic brilliance brought to you by the clowns in Washington.

Global food prices have risen 36% over the past 12 months (http://money.cnn.com/2011/04/14/new…), and there’s no indication this trend is going to reverse. With world water supplies dwindling, the Fukushima disaster wiping out a large portion of Japan’s domestic food production, and the UG99 wheat rust devastating wheat crops in many regions, we are now looking at a new era of food prices where you get to choose between high and higher.