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food price Archive

  • Nigeria’s inflation rate rose to a three-year high in December as food prices rose in Africa’s biggest economy and oil producer.

    Nigeria Inflation Rises to Three-Year High as Food Prices Climb

    Nigeria’s inflation rate rose to a three-year high in December as food prices rose in Africa’s biggest economy and oil producer.

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  • This is nothing new; throughout history whenever people have struggled to put food on the table for their families, social unrest has been a common consequence. The French Revolution is a classic example; after decades of unsustainable fiscal and monetary practices that wrecked the French economy, the harvest season and subsequent winter of 1788 were particularly harsh. People went hungry, and it ultimately started the revolution.

    Two no-brainer ways to play rising food prices

    This is nothing new; throughout history whenever people have struggled to put food on the table for their families, social unrest has been a common consequence. The French Revolution is a classic example; after decades of unsustainable fiscal and monetary practices that wrecked the French economy, the harvest season and subsequent winter of 1788 were particularly harsh. People went hungry, and it ultimately started the revolution.

    Continue Reading...

  • When we use the fiat money system, inflation is inevitable. In another word, it is already bake-in the cake when we start to use the fiat money system. We cannot escape from it. Couple with a debt based economy, where most of the consumption is supported by debt (mainly credit card, loans), we got a fast moving economic train that moving too fast towards a solid hard wall.

    The spectre of food inflation

    When we use the fiat money system, inflation is inevitable. In another word, it is already bake-in the cake when we start to use the fiat money system. We cannot escape from it. Couple with a debt based economy, where most of the consumption is supported by debt (mainly credit card, loans), we got a fast moving economic train that moving too fast towards a solid hard wall.

    Continue Reading...