A handful of the world’s most important commodities – these include corn, wheat, soybeans, and vegetable oils – are skyrocketing in price, thanks to the economic shutdowns imposed in response to the Wuhan coronavirus (Covid-19).
Article by Ethan Huff from Natural News.
This week’s Bloomberg Agriculture Spot Index, which tracks key farm products, shows a nine-year record surge in price for these commodities. Global food prices are already the highest they have been since mid-2014, which is being driven in part by a rally in crop futures.
Staple food crops like the aforementioned are used not just to feed people and cattle, by the way. Some of them, including corn, are also used for fuel in the form of ethanol, which means gas prices may also continue their surge.
“Soaring raw material prices have broad repercussions for households and businesses, and threaten a world economy trying to recover from the damage of the coronavirus pandemic,” reports Bloomberg.
“They help fuel food inflation, bringing more pain for families that are already grappling with financial pressure from the loss of jobs or incomes.”
United Nations Food and Agriculture Organization (FA) senior economist Abdolreza Abbassian revealed in an interview that a “bullish force” is behind these price increases, which are occurring internationally.
“The indications are that there is very little reason to believe prices would remain at these levels,” he says. “It’s more likely they will rise further. Hardship is still ahead.”
Christian-Driven America-First Precious Metals.
Before markets collapse, the smart play is to move wealth or retirement to precious metals. Contact Genesis Gold now to make it happen smoothly with no hassles from a group driven by fellowship.
Speculative greed and endless money printing will cause billions to starve
The federal government’s endless money printing is not helping matters, either. Rapid inflation is weakening the U.S. dollar to the point that food costs are rising regardless of how the markets are behaving.
All that “stimulus” money is also being pumped into the markets, allowing investors to speculate on food commodities and drive up their prices. All of these market forces are creating a hyperinflationary environment that is very concerning, especially for the already struggling lower and middle classes.
“For central banks, a spike in prices at a time of weak growth creates an unwelcome policy choice and could limit their ability to loosen policy,” Bloomberg claims.
The poorest and most politically unstable nations of the world are being hit hardest by the spike, as any significant volatility in raw materials prices threatens to make millions, if not billions, go hungry.
“The relentless rise in prices acts as a misery multiplier, driving millions deeper into hunger and desperation,” says Chris Nikoi, the World Food Programme’s regional director for West Africa, which is one of the poorest areas in the world.
It’s “pushing a basic meal beyond the reach of millions of poor families who were already struggling to get by,” he added.
Another factor driving higher food prices is increased demand from communist China for food imports. Corn prices nearly doubled last year because of China, while soybean prices and wheat prices increased by 80 percent and 30 percent, respectively.
Bad weather conditions in both the U.S. and Brazil, two major areas where crops are grown, are likewise exacerbating the problem. Analysists from Rabobank, Mintec, and HSBC Global Research all warn that prices could go even higher if the situation is not resolved somehow.
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Beat supply chain issues and future pharmaceutical tyranny with 5 Antibiotics Delivered to Your Home
✔️ Be ready to help yourself and your family with the World’s Best Med Kit
The effects of all this are already being seen in the form of higher prices for tortillas in Mexico, beef in Brazil and retail palm oil in Myanmar. Here in the U.S., bacon and other meat cuts are also on the rise.
“Generally, people see this inflation continuing,” says Tosin Jack, an analyst at Mintec, which monitors commodity prices. “The trend will continue for some time and it will translate into consumer goods.”
More of the latest news about the impending global “reset,” which the deep state will use to usher in the new world order, can be found at Collapse.news.
Sources for this article include:
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker