All over the world, food riots are breaking out. Not because there is too much food or too little, but because it has gone way up in price. Worldwide inflation of food prices is a monetary phenomenon, not an agricultural phenomenon. With bread prices on the rise, politicians feel compelled to intervene. And every intervention falls upon the crops like a cloud of locusts. The price of rice rose 50% in the last two weeks, causing nations to make a run for rice.
Following the declining dollar, investor nations are buying gold. There is a discernible return to Gold Standard in global trading from the current Dollar Standard.
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