Editor’s Note: Get ready friends, this economic collapse trap is coming on very subtly and most people will be caught unawares and devastated. Do your research and find out more about the engineered calamity coming upon the world. Remember, if America crashes so will the rest of the world!
“And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. 6- And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.” -Rev 6:5-6 (KJV)
The following article was originally published by Michael Snyder at The Economic Collapse Blog. (Used by permission). See his disclaimer below.
The Global Inflation Nightmare That You Have Been Warned About Is Here
By Michael Snyder — Mar 1, 2021
If you thought that authorities all over the planet could print, borrow and spend money like there was no tomorrow without any consequences, you were being delusional. Since the beginning of the COVID pandemic, we have witnessed the greatest monetary binge in world history. Of course that was going to cause enormous problems. Of course that was going to cause nightmarish inflation. Anyone with an ounce of common sense should have been able to see that. When the value of money is tied to nothing, “more money” is always such a tempting solution for those in power. But as history has demonstrated over and over again, going down that path almost always leads to tragedy.
In our case, it will be the poorest people on the planet that suffer the most. According to Bloomberg, basic food staples are dramatically spiking in price all over the globe…
Global food prices are going up, and the timing couldn’t be worse.
In Indonesia, tofu is 30% more expensive than it was in December. In Brazil, the price of local mainstay turtle beans is up 54% compared to last January. In Russia, consumers are paying 61% more for sugar than a year ago.
And as Albert Edwards has pointed out, annual inflation in cereals has hit 20 percent, which represents “the highest annual rise since mid-2011 when the Arab Spring was in full flow!”
If prices continue to rise like this, it is just a matter of time before we see widespread food riots all over the globe.
In explaining why this is happening, Bloomberg got half the answer correct…
Emerging markets are feeling the pain of a blistering surge in raw material costs, as commodities from oil to copper and grains are driven higher by expectations for a “roaring 20s” post-pandemic economic recovery as well as ultra-loose monetary policies.
No, there is definitely not going to be a “roaring 20s” post-pandemic recovery.
That is a complete and utter fantasy.
But it is quite true that we have seen “ultra-loose monetary policies” all over the globe. Not since the days of the Weimar Republic have we seen anything like this in the industrialized world.
As the global money supply continues to expand at a frightening pace, other factors will weigh very heavily on global food production.
For example, the other day I wrote about the giant hordes of locusts that are currently ravaging East Africa, and now Saudi Arabia is being hit hard as well…
Horrifying footage shows a swarm of locusts filling the sky in the town of Mahayil in the Asir region of Saudi Arabia.
In a nightmarish clip, filmed by someone standing in the street on February 23, the locusts hang overhead like a swirling black cloud as they fly around outside people’s homes.
As the camera is turned around 360 degrees, it becomes clear nearby buildings are all completely surrounded by the ravenous insects as far as the eye can see.
The head of the UN World Food Program has publicly stated that there will be “famines of biblical proportions in 2021”, but here in the United States many people don’t take warnings like that seriously because we still have plenty of food in the stores.
And so far, food inflation in this country has not been overly dramatic.
But we are seeing crazy inflation show up in other ways. If you can believe it, a Luka Doncic rookie card just sold for 4.6 million dollars…
At $4.6 million, the most expensive basketball card ever sold is a signed Luka Doncic rookie card featuring the NBA Logoman patch from a game-worn Dallas Mavericks jersey.
Collector Nick Fiorello bought the 1-of-1 card on Feb.28, which is second in all time in sports cards to a 1952 Topps Mickey Mantle card that sold for $5.2 million. It was first sold for $2.8 million in April of 2018. It then became the largest known sale of all time in January of 2021 when Rob Gough purchased it for $5.2 million, according to actionnetwork.com.
When I was a kid, I loved to collect sports cards.
About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I can only allow this to happen if this “About the Author” section is included with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.
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Fear God and Flee from Evil!
-BPWatcher, Internet Preacher and Bible Prophecy Watchman
Pray for the peace of Jerusalem – Psa 122:6 (KJV)