From Video Rebel’s blog:
“…Modern America not only imports its oil and manufactured items but it also is a net importer of food. What do you think will happen when the the dollar crashes, unemployment soars past 30%, more than 2 million government workers are fired and the cost of food and energy doubles overnight?
America moved from being an agrarian society living near farms and food in 1933 to urban dwellers nowhere near cows, chickens and gardens. But Americans will be living closer to 170 million or more people who will not have enough money to pay their bills and eat….”
From a post on the mi2g.com blog:
The Chinese are not the only ones wondering Yuan this problem will end. Image from mi2g.com
Massive Food Inflation
“Around Shanghai, the price of certain food products has risen by at least 50 percent in the past year, sparking anger amongst the poorer shoppers who spend up to half of their income on food. In some parts of China, the price of basic foods has doubled — gone up by 100 percent — and shoppers in the southern city of Shenzhen have been reported to skip across the border to Hong Kong to buy their daily groceries!…” Continue reading