A Global Food Crisis Looms as the US Sanctions the World

by Mish Shedlock, Mish Talk:

Expect much higher food prices because they are coming.

US Effectively Sanctions the World

It’s rare that I agree with anything on the New York Times.

Yet, I follow many sources I disagree with because sometimes they express a view worth considering.

This is one of those times.

TRUTH LIVES on at https://sgtreport.tv/

Global Food Crisis image from NYT Tweet

“The United States thinks it has only sanctioned Russia and its banks. But the United States has sanctioned the whole world.”

Let that sink in, because it is a beautifully accurate synopsis.

The amusing thing about all of this is that president Biden is doing exactly what Trump would have done.

And it highlights the Fed’s dilemma.

What Can the Fed Do About CPI Inflation?

The answer is nothing or next to nothing. Rates hikes will not impact inelastic items.

Read More @ MishTalk.com

Read further at SGT Report

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