Food Inflation, Food Shortages And Food Riots Are Coming
Sept 7, 2012
A devastating global food crisis unlike anything we have ever seen in modern times is coming. Crippling drought and bizarre weather patterns have damaged food production all over the world this summer, and the UN and the World Bank have both issued ominous warnings about the food inflation that is coming.
To those of us in the Western world, a rise in the price of food can be a major inconvenience, but in the developing world it can mean the difference between life and death. Just remember what happened back in 2008. When food prices hit record highs it led to food riots in 28 different countries. Today, there are approximately 2 billion people that are malnourished around the globe. Even rumors of food shortages are enough to spark mass chaos in many areas of the planet. When people fear that they are not going to be able to feed their families they tend to get very desperate. That is why a recent CNN article declared that “2013 will be a year of serious global crisis“.
The truth is that we are not just facing rumors of a global food crisis – one is actually starting to unfold right in front of our eyes. The United States experienced the worst drought in more than 50 years this summer, and some experts are already declaring that the weather has been so dry for so long that tremendous damage has already been done to next year’s crops. On the other side of the world, Russia, Ukraine and Kazakhstan have all seen their wheat crops devastated by the horrible drought this summer. Australia has also been dealing with drought, and in India monsoon rains were about 15 percent behind pace in mid-August. Global food production is going to be much less than expected this year, and global food demand continues to steadily rise. What that means is that food inflation, food shortages and food riots are coming, and it isn’t going to be pretty.