Advisory: Be careful of what you read on social media. The algorithms used by these platforms have no regard for Biblical truth. They target your emotions to keep you engaged on their site so their advertisers can drop more ads. These platforms exist to enrich their stockholders. Consider God’s promise to Believers in James 1:5, “If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.”
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.”
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
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…
Tagged In
Newsletter
Must Read
Other Sources
Latest News
Watchman Warning: Update The New Transspecies Are Deadly Animals. Just Ask Dr.Gates, Google, FakeBook, or MSM. It’s All Part of Their Plan
How many times will this story change?? Another New Update 3/28/24, Shocker! Update: The citizens of Fairfax County, Virginia will not be observing Easter Sunday…
Read MoreUpdate: Are We Supposed to Submit to Evil Governments?–It Is Our Civic Duty to Disobey Them, How Does This Harmonize With Romans 13…
SRH: “Death’s most dreadful power comes from the hands of those who wish to be alone. They work really hard to keep their heads down…
Read MoreWatchman: Biden Admin Compiling Database Of Religious Objectors To Vaccine Within Obscure Agency
Featured Story… Hitler compiled a list. Now you know where this is going, the Obama administration Oh? I’m sorry I think it’s slow Joe’s rule,…
Read MoreWatchman: We Do Not Have a Justice System in This Country
Anymore, Supreme Court Justices Have Been Bought and Paid For by Satan Soldiers… While it has long been known that Supreme Court Chief Justice John……...
Read MoreWatchman’s Warning:While Acknowledging Trump and Lee Greenwood’s Efforts in Promoting the Sale of $60 Bibles With the Slogan ‘Make America Pray Again’, It Is Important to Note That the U.S. Constitution, the Declaration of Independence, the Bill of Rights, and the Pledge of Allegiance Should Not Be Intertwined With the Holy Bible as Stated in Revelation 22:18-19–Trump’s a Dangerous Person
Trump was seen waving a homosexual flag on stage one day, but the very next day, he switched gears and started waving a Bible while…
Read MoreWe 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.
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!