Quote:
Originally Posted by $5 submissions
Oil's spiking up. This will only add to the fuel of the fire of FOOD PRICE INFLATION that sparked those revolts to begin with. I see the revolts (over food prices) spreading to ALL PARTS of the globe.
This has happened before--1840s, 1870s, 1930s, etc. There seems to be a cyclical nature to this kind of thing.
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Well said.
You're in the Philippines so you are well aware how fragile grain is. Too much rain or not enough rain and prices spike and many people go hungry. Then it ripples around the world. We're having a palm oil and sugar shortage right now in Thailand. Point is, the entire system is fragile and with the shifting weather patterns that have been taking place all over the world, ANYTHING can happen at any time to create food shortages (or extreme price hikes) around the world.