As Global Food Prices Spiral Out Of Control, Panic Buying Of Food Will Become Increasingly Common
Francesco Abbruzzino, The Uncensored Report, LLC
Even in the best of years we struggle to feed everyone in the world, and the last two years have definitely not been the best of years. Global weather patterns have gone completely nuts, major natural disasters are happening with alarming frequency, and the COVID pandemic has played havoc with supply chains all over the world. As a result, food prices have been absolutely soaring. In fact, the UN is telling us that global food prices were up 40 percent in the 15 months ending in June…
Global food prices are rising along with many other commodities and constitute a major part of the inflation picture.
According to UN Food and Agriculture Organisation’s biannual global food outlook, prices had risen by 40% in the 15 months to June and the trend has continued. That is the largest increase since 2010-11, which students are geopolitical events will know was one of the major triggers of the so called Arab Spring that red to a revolution in Egypt and upheaval elsewhere.
Needless to say, this is going to hurt those at the bottom of the economic food chain the most.
Those that are living on five dollars or less a day simply cannot afford to pay 40 percent more for food.
If food prices continue to escalate rapidly, it is probably inevitable that we will see food riots and widespread civil unrest all around the planet.
I have been relentlessly warning my readers that this was coming, but of course many in the general population didn’t want to listen to such warnings.
But now even the communist government of China is telling people to become preppers. Prices for some vegetables increased by more than 50 percent during the month of October, and on Monday Chinese citizens were directed to stockpile food for the coming months…
The country’s Ministry of Commerce late Monday issued a notice directing local governments to encourage people to stockpile “daily necessities,” including vegetables, oils and poultry, in order to “meet the needs of daily life and emergencies.”
The agency also urged local authorities to make sure that people have an “adequate supply” of essentials this winter into next spring. And it told those authorities to keep prices stable — a source of anxiety in recent weeks, as the cost of vegetables has surged throughout China because of unusually heavy rainfall that has hurt crops.
Have you ever heard of China doing something like this ever before?
Of course not.
And that is because global conditions have fundamentally changed.
If you do not understand this yet, you need to wake up.