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One Bank Warns Soaring Food Prices Will Lead To Social Unrest

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.”

5 thoughts on “One Bank Warns Soaring Food Prices Will Lead To Social Unrest”

  1. Truth be told

    The Bible is very clear on food

    YOU DONT WORK…. YOU DONT EAT

    kick the millions of EBT cards…. make em get a job

  2. Large fruit/food producing farms still don’t have enough hands for picking. 21 years in to the 21st century and its still a problem.

    Aside from lack of migrant help and the younger generation – why? There is leadership talk about green this green that….(the money for those initiatives – HA) – yet we (USA) produce well but not enough hands to harvest.

    Hell we see many farms in the DELMARVA converting from food to solar panels.

    Wow.

  3. Biden and his handlers are going to make the Carter era look like ‘the good ole days” those who lived through that train wreck know what I mean.

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