Debasement is the Mother of Inflation, page-32

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    https://www.abc.net.au/news/2022-06-26/inflation-supply-chain-cost-of-living-wages-inequality-unrest/101180436

    The world is in the grip of a perfect storm. Food prices have been rising for two years after the impact of the COVID pandemic and disruptive weather patterns.Russia's invasion of Ukraine has added to the crisis. Supplies of grains and fuel have been hit. Ukraine is considered one of the world's breadbaskets, its farmers produce enough grain to feed hundreds of millions of people. The war has choked off those supplies.Inflation is skyrocketing into double digits in many countries.The head of the United Nations World Food Programme, David Beasley, said this week that "if people can't feed their children and their families, then the politics unsettles".Beasley said the UN has already had to start rationing food supplies. Harsh choices are being made to divert food from hungry people to starving people.
    Last edited by swaggytrader: 27/06/22
 
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