Surge in Food Prices: “Given the Hardship That’s

Featured Story

Already Occurred Thanks to the Pandemic, a Fresh Wave of Unrest Would Be No Surprise on a Historical basis”…

Yesterday we explained why with prices already soaring, global inflation was about to go into overdrive as the leading food price indicator that is the Bloomberg Agri spot index hit the highest level in six years.

In a nutshell, this is a problem since food is a large component of CPI baskets in Asia, and “this large inflationary impulse in the region that houses more than half the world’s population should result in higher wage costs in the factory base of the world. As CPI and PPI rise in Asia, it will feed through globally in the months ahead.”

Today, DB’s Jim Reid picked that chart as his “Chart of the day”, repeating what readers already know, namely that Bloomberg’s agriculture spot index has risen by c.76% year-on-year, noting that “that’s the biggest annual rise in nearly a decade, and there are only a couple of other comparable episodes since the index begins back in 1991.”

Like us, Reid then patiently tries to explain to all the idiots – like those employed in the Marriner Eccles building – that the importance of this record surge “extends far beyond your weekly shop, as there’s an extensive literature connecting higher food prices to periods of social unrest.” Indeed, you’ll notice from the chart that the last big surge from the middle of 2010 to early 2011 coincided with the start of the Arab Spring, for which food inflation is regarded as a contributing factor.

While this is hardly new – we discussed it in “Why Albert Edwards Is Starting To Panic About Soaring Food Prices” and in “We Are Edging Closer To A Biblical Commodity Price Increase Scenario” – Reid also reminds us that emerging markets are more vulnerable to this trend, since their consumers spend a far greater share of their income on food than those in the developed world.

The DB strategist then goes all-in and says what everyone is thinking, namely that “this trend of higher food prices leading to social unrest extends far back into history and surrounds many key turning points. The French Revolution of 1789, which overthrew the Ancien Régime, came after a succession of poor harvests that led to major rises in food prices. It was a similar story at the time of Europe’s 1848 revolutions too, which followed the failure of potato crops in the 1840s and the associated severe famine in much of Europe. And the 1917 overthrow of the Tsarist regime in Russia took place in the context of food shortages as well.”

So while it remains to be seen what the consequences of today’s surge in food prices could be, Reid cautions that “given the hardship that’s already occurred thanks to the pandemic, a fresh wave of unrest would be no surprise on a historical basis.”

HNewsWire Logo Bottom Menu

The Watchman does not confuse truth with consensus. The Watchman does not confuse God’s Word with the word of those in power…

Source: HNewsWire ZeroHedge HNewsWire

HNewsWire Will No Longer Use Articles From YouTube , Twatter or Fake Book as a Source for Our News Articles. In Case You’ve Missed It, We Are In a War, A Spiritual War and Using Demonic News Sources From Unscrupulous News Outlets Will Not Be Tolerated On HNW. Don’t Piss Down My Back and Tell Me It’s Raining!…

Government technocrats,latrarchy, billionaire oligarchs, Big Pharma, Big Data, Big Media, the high-finance robber barons and the military industrial intelligence apparatus love pandemics for the same reasons they love wars and terrorist attacks. Catastrophic crises create opportunities of convenience to increase both power and wealth.

Please Do Not Post Hnewswire Articles on Parler,Fakebook,Reddit or Twatter Social Media Platform,We Are Not Comfort With Their Anti-Christian — Anti-American Nazi Philosophy,StevieRay Hansen

StevieRay Hansen
Editor,

HNewsWire.com

[email protected]

This is what their New World Order looks like, Democrats Lawmaker in California: ‘legalize child prostitution’ SACRAMENTO – Beginning on Jan. 1, police cannot arrest child prostitutes in the streets of California, except under limited circumstances. And dumb down people wonder why California is burning to the ground, poke God in the eyes enough times and his anger will start to show…

Share this post:

Tagged In

Support

The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation

Newsletter

Don't Miss

Mt-Sinai-2
Web-Ad-1
Focused-Protection-1
Steve-Quayle-Super-Pack

We make every effort to acknowledge sources used in our news articles. In a few cases, the sources were lost due to a technological glitch. If you believe we have not given sufficient credit for your source material, please contact us, and we will be more than happy to link to your article.

Latest News

You’ve Been Lied To, if You’re Complying With a Government (UK) There Objective is

By StevieRay Hansen | June 12, 2021

Genocide You’re Going Along With Your Own Execution… UK To Extend Lock-down One Month, UK Prime Minister Boris Johnson is set to delay the country’s…

Read More

Update: Full Throttle Ahead as the New World Order Takes Shape, We Are Seeing the

By StevieRay Hansen | June 12, 2021

Beginning of the “Global Digital Dollar”… The banking industry understands the American mindset, they will go slow to introduce the digital dollar, manipulating the Americans…

Read More

The Groundwork is Being Laid By Satan Soldiers For The Fed’s NWO Digital Currency

By StevieRay Hansen | June 12, 2021

and Direct Deposits To Households via FedNow accounts… People’s hearts are troubled. Their minds are in a state of confusion. The Bible tells us that…

Read More

The World Is Becoming Ripe for a One World Currency, Which Will Aid With Enforcing the Mark and Stop Those

By StevieRay Hansen | June 12, 2021

Who Refuse the Mark From “Buying and Selling” (Rev.13)… Are we living in perilous times? There is no doubt about that. Let’s just take one…

Read More

Update: They are Going to Force the Digital Money and the Vaccine Upon the People the Beast Has Arrived

By StevieRay Hansen | June 11, 2021

Compliments of The New World Order… We Won’t Force Vaccine… But You Cannot Buy Or Sell Without It Although Health Ministry Director Hezy Levy yesterday…

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

1 Comment

  1. marilyn sheffield on April 29, 2021 at 8:39 am

    hey GREAT NEWS ALL GOOD EARTHLINGS I HAVE IT /USE IT N OMG <3 IT TOO 🙂 FREEZE DRIED FOOD!! 🙂 LAST FOR UP TO 10 YRS JUST MIX A BAG IN HOT WATER LET IT SIT FOR 3 MIN N ENJOY!! ITS CALLED…. https://readywise.com/ ….. CHECK THEM OUT ….U2 MAY BE GLAD U DID 🙂 ENJOY!

Leave a Comment