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(Zero Hedge)—A new report warns that “the world entered an age of overlapping emergencies” and indicates the need for a new stabilization approach involving a buffer system to mitigate price volatility in essential commodities to promote economic stability and growth.
“The neoliberal stabilization paradigm of interest rate hikes and austerity left economies around the world unprepared for the shocks to essentials experienced in the overlapping emergencies of war, conflict, climate change, and pandemic,” the lead author, Isabella Weber, of the University of Massachusetts Amherst, wrote in the report.
Weber said, “More regular supply shocks are likely for food. Extreme weather events are predicted to be frequent and have already affected regional agricultural yields.”
“We argue that in an age of overlapping emergencies, such a new paradigm requires a refocusing on stabilization policies for essential sectors that have the potential to unleash systemic instabilities when hit by shocks,” she wrote, adding, “We revisit the classic case for public buffer stock systems.”
She noted, “Price volatility in essential commodities can lead to sellers’ inflation because of the interaction with administered prices in the industrial sector and can hamper growth and development prospects.”
Separately, Bloomberg reported that Norway has initiated a plan to increase its domestic grain stockpiles.
“This is about being prepared for the unthinkable,” Finance Minister Trygve Slagsvold Vedum said last week.
Norway plans to shield its citizens from commodity price spikes by storing up to 82,500 tons of state-owned grains at private companies. This buffer system will protect citizens for about three months and will be fully operational in 2029.
The latest data from the Food and Agriculture Organization of the United Nations (FAO) shows global food prices increased for the third consecutive month in May.
The FAO Food Price Index on a year-over-year change shows that price acceleration could resume in the near future.
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“Countries are getting more and more nervous,” Chris Hegadorn, adjunct professor of global food politics at Sciences Po in Paris, told Bloomberg.
Hegadorn said, “Price volatility continues to be a major problem that countries are looking for extra security.”
It’s not just countries that are nervous about another food price spike…
Let’s not forget that elevated food inflation crushes the working poor, leaving governments more suitable to food riots.
Food inflation will stick this decade. Get use to high supermarket prices.
Jack Smith’s 165-Page Motion Arguing Against Presidential Immunity in Trump J6 Case Unsealed
by The Post Millennial
District Judge Tanya Chutkan unsealed on Wednesday a 165-page filing from Biden-Harris administration special counsel Jack Smith regarding upcoming presidential immunity proceedings in the January 6 case against Trump. Smith argued that Trump did not have presidential immunity for the crimes the DOJ alleges Trump committed, as “his scheme was…
Dr. Robert Malone Sounds Alarm on Self-Replicating RNA Vaccines: ‘Japan is the World’s Guinea Pig’
by RAIR Foundation
At the “Rescue the Republic” rally in Washington, D.C., Dr. Robert Malone delivered a sobering message about a new medical development that he reports could have dangerous consequences for global health freedom. Just returning from Tokyo, Dr. Malone warned of the imminent deployment of self-replicating RNA vaccines in Japan. These…
Launching the RIGHT REPORT to Fight the Real Enemies
by Publius
According to Ecclesiastes 10:2, A wise man’s heart inclines him to the right, but a fool’s heart to the left. The implications are stunning when we consider society today. That may not be the original intent of the verse but it clearly applies to the modern world. But what is…
Do You Want Your Prepper Bar Shipped to Your Home or Added to Your IRA?
by Sponsored Post
The massive shift of money being exchanged for physical precious metals started in 2022 with Central Banks across the globe breaking records. The frenzy caught on with large investment firms and financial institutions like BlackRock and JPMorgan in 2023. 2024 has been the year of regular citizens making the same…
No, Endorsing Kamala Harris for President Isn’t What Jesus Would Do
by The Federalist
Christians should reject the backward theology of teachers who twist the character of Christ to punish their political enemies. “Never Trump. This time Harris. Always Jesus.” These were the words not of Taylor Swift or Pete Buttigieg but of Ray Ortlund, a card-carrying member of “Big Eva,” in a recent…
The New Data on Illegal Alien Crime Is Shocking
by John R Lott Jr
(RealClearWire)—The new data on all the criminal noncitizens coming into the U.S. is shocking. The U.S. Immigration and Customs Enforcement (ICE) checks the background of illegal aliens they have in custody. But, the administration’s letter to Rep. Tony Gonzales (R-TX) shows that as of July 21, 2024, ICE let 435,719…
Antony Blinken’s Op-Ed Got Obliterated in Real-Time
by Townhall
For some reason, Joe Biden has been seen as a foreign policy guru, despite everyone thinking he was a clown. Former Defense Secretary Robert Gates was apt in his observation, noting that Biden has been wrong on every major foreign policy initiative over the past 40 years. He’s been rolled…
4% of Haiti’s Entire Population Has Entered U.S. Under Biden-Harris – And That’s Not All
by Woke Spy
President Joe Biden and Vice President Kamala Harris have been importing an astonishing number of third-world Haitians into the country. That’s right. The administration has been actively arranging and paying for Haitian “migrants” to fly into the U.S. More on this below, but first, we need to prepare the ground….
Meat Substitutes Still a Tiny Sliver of Us Meat Market
by Zero Hedge
Over the past few years, plant-based meat substitutes have come closer and closer to mimicking the real thing, with brands like Beyond Meat having even sussed out how to create fake meat that “bleeds”. But, as Statista’s Anna Fleck details below, after an initial boom, the company has rapidly come…
Box Office Bomb: Netflix Cancellations Explode After Co-Founder Gives Huge Donation to Kamala
by Red State
I admit it, I like Netflix. During the pandemic, when our Overlords here in California demanded we stay in our living rooms for two years, I watched countless terrible movies as well as some quality entertainment—it’s always hit or miss with the streamer. But I may soon vote with my…