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by NBBooks
In The Crash is past. Comes now Inflation, on March 2 (it seems so long ago), I warned that the official response to the financial crises so far was to save Wall Street and the financial system at all costs; that inflation was being unleashed; and this would mean a severe decline in our standard of living over the next few years. I alluded to a rise in food prices being one immediate cause of pain, and intimated that social unrest might be the result.
It's happening much faster than I thought possible. From the BBC: Hungry mob attacks Haiti palace
I learned of this just a few minutes ago, from this diary from someone who has a friend in the U.S. Embassy to Haiti: Haiti Riots - StateDept trapped. DAILY KOS FIRST Promoted by Migeru
Tomorrow, the Guardian of London will be reporting Food price rises threaten global security - UN:
Sir John Holmes, undersecretary general for humanitarian affairs and the UN's emergency relief coordinator, told a conference in Dubai that escalating prices would trigger protests and riots in vulnerable nations. He said food scarcity and soaring fuel prices would compound the damaging effects of global warming. Prices have risen 40% on average globally since last summer. The impact of climate is one factor I definitely overlooked. |
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Economic Collapse Watch: Riots in Haiti over Food Prices | 62 comments (62 topical, 0 editorial, 0 hidden)
Economic Collapse Watch: Riots in Haiti over Food Prices | 62 comments (62 topical, 0 editorial, 0 hidden)
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