Why Haven’t Riots Hit the US Yet?
by Phoenix Capital Research
The reasons the US hasn’t been gripped by riots are the following:
1) The security nets (food stamps, welfare, etc) continue to keep lower income Americans afloat… for now.
2) Food in the US is so processed that increases in agricultural prices don’t pass through as rapidly into higher food prices.
Neither of this will last much longer. Regarding #1, the US Government is broke. In fact they’re so broke than an aid to Nancy Pelosi (who I can’t stand) has revealed that the US Government might actually shut down at some point in the near future.
As for #2, commodities will be spiking even higher once the following is digested by the markets: