Wheat Crisis Threatens Inflationary Timebomb, Food Riots
Russia's ban on wheat exports following widespread fires in the country sent food prices skyrocketing by 19 per cent in just a single week as fears grow that global volatility in foodstuffs and commodities could lead to a worldwide inflationary timebomb accompanied by widespread food riots.
It was only a month ago that the Dow closed at 9686. From there it started to move back up again as insiders learned of the Fed’s plan to inject $5 trillion into the economy over the next two years. The result has been a run up to 10,674. We figured out what the Fed was up to, but most everyone else did not.
• Fed set to downgrade outlook for US
• The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System
• Albert Edwards Explains How The Leading Indicator Is Already Back Into Recession Territory And Why The Japan “Ice Age” Is Coming
• The Economy in Pictures
• Consumer Confidence Hits Lowest Level of Year
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