Senior Economist on Food: We Could “Certainly” See Social Unrest in Parts of the Developed World

For years the mainstream economists and media pundits ignored the trend. Now that it cannot be hidden from view any longer, it’s all of a sudden become a huge news story.

While we, and those in alternative news circles like us, are regularly referred to as fear mongers and doomsdayers, now that the mainstream is on board, it’s become credible news. Whatever the case, we hope that those who denied the analysis and assessments put forth by non-mainstream sources over the last several years will finally come around and realize that maybe, just to be on the safe side, stocking up on some reserve foods and other preparedness items may not be as bad of a tin foil hat wearing idea as originally thought.

The latest warnings for the Western world, thus far immune to uprisings resulting from high food costs and supply problems, come from senior global economist Karen Ward of HSBC:

Even in the developed world I think we have very, very low wage growth, so people aren’t getting more in their pay packet to compensate them for food and energy, and I think we could see social unrest certainly in parts of the developed world and the UK as well.

 

Ms. Ward refers to the situation resulting from high food costs and inability to put food on the family table as leading to “social unrest.” This is just a feel-good mainstream word for what we often refer to as Riots. Unless we see a change in the years’ long trend of rising food costs, “social unrest” is coming to a neighborhood near you – sooner rather than later.

Hat tip YourDaddy

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