The Rise of Farmers Markets

One of the implications of "The Great Deflation" in the coming years is an economy that becomes increasingly local. With Primary wave [3] down (2011 - 2016) in progress and picking up momentum, a massive cascade of debt defaults will reverberate through the economy, which means corporations and businesses close their doors forever.

The bear market will bring back family and community farms while wiping out all the corporate owned factory farms (they too are leveraged to the hilt with credit and debt, which means they shatter like glass when their debt burdens become too heavy to bear). We have been trending in that direction since the Grand Supercycle degree bear market started, as the number of farmers markets in the United States has increased from 2863 in 2000 to 7175 today.

The final blow to corporate owned factory farms will likely come from a deflationary collapse in Crude Oil, in which both OPEC and Big Oil dramatically cut back oil production to protect their profits. An oil supply crash (most likely to take place in 2017, the first year of the Bachmann Administration Period) will make it virtually impossible for corporate farms to transport food long distances, which will cause their revenue to crash and eventually result in defaulting on their debt.

It's not just corporate factory farms that will close their doors forever. Corporate food manufacturers (such as Sara Lee), large grocery store chains (such as Safeway), and even fast food chains (such as Burger King and McDonald's) will also shatter like glass due to a massive cascade of debt defaults. The bear market will effectively purge all of them off the map within the next 5 - 7 years.

This is all part of the larger picture in which major depressions result in 90% of corporations and businesses to implode and close their doors forever due to a debt default, all during the A wave of the bear market.

Expect the growth of farmers markets to accelerate in the coming years. As the oil supply crash unfolds, it will no longer be possible to transport food long distances. The result is that farms become increasingly local. Being able to buy and sell food local is going to be crucial for survival through the worst part of "The Great Deflation".