Another warning about the dangerous levels that food prices are hitting. While most of us in the affluent Western nations will only grumble a little as we see some increase in food prices, those people in many third world nations will not only grumble, but will seek revolutions as they see their existences pushed to even greater depths of despair.
And what happens when the great economic collapse that many economists are warning is coming, actually hits our shores here in the West? It would lead to huge lineups of people looking to purchase enough food for the day with what little money they have left. Just as was the case in the Weimar Republic of Germany between the two world wars.
The events that occurred inGermany Germany
(Read Revelation 6 to learn more)
From the article:
And what happens when the great economic collapse that many economists are warning is coming, actually hits our shores here in the West? It would lead to huge lineups of people looking to purchase enough food for the day with what little money they have left. Just as was the case in the Weimar Republic of Germany between the two world wars.
The events that occurred in
(Read Revelation 6 to learn more)
From the article:
World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries. The bank says in a new report that global food prices have jumped 29 per cent in the past year, and are just 3 per cent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food. The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty since last June.
Food prices at "dangerous levels" after rising 29 per cent in a year: World Bank
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