The following post is lengthy, informative, and contains several videos that can be listened to at the reader’s leisure.

"Experts Warning Americans to Be Prepared For Economic Collapse, Disaster Surviving the Coming Food Crisis"
January 21, 2019 by IWB

by Amy S.

Suddenly, the world food markets spilled out of control. Within a year, prices for wheat doubled, those for soybean and sugar even tripled. The drivers behind this surge were stock decreases during the preceding years, a disappointing harvest due to bad weather in several countries and growing demand for feedstuff. Once prices soared, governments of exporting nations curbed the outflow of food, thus exacerbating the crisis. Merely two years later, prices had come down roughly to previous levels-the affliction had ended.

This is not the account of the infamous 2016/2019 price spikes; it is the half-forgotten story of the early 70s. At least for developed countries, this earlier crisis was worse than the recent one. Real food prices-corrected for inflation-climbed higher, and food expenditures absorbed a much greater share of households’ income, so that any increase was felt more harshly. This episode nonetheless takes a backseat in our collective memory because OPEC limited oil production soon after the food prices had started to rise. Higher oil prices proved to be the more lasting and pernicious impediment to global growth.

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