They Can Print Money, But They Can’t Print Food by for End of the American Dream
Whenever there is some sort of a major crisis, our politicians normally attempt to solve it by spending money. But in this case, that isn’t going to work. Our leaders can try to throw billions or even trillions of dollars at the global food crisis, and they may even convince themselves that they are making a difference. However, the truth is that they simply cannot create food out of thin air. As I discussed last week, we are facing a worldwide nightmare of epic proportions. Fertilizer prices have spiked to absurd levels, extremely bizarre weather patterns are playing havoc with crop production all over the planet, and the war in Ukraine has caused a growing supply crunch that will not be resolved any time soon. There simply is no “magic wand” that our politicians can wave that will make this problem go away.
Even before 2022 came along, global food supplies were getting really right. In fact, it is being reported that more than 800 million people did not have enough food to eat in 2020…
The world was already rife with hunger before Covid-19 struck. In 2020, up to 811 million people – nearly one in 10 people – did not have enough food. And now the world is hurtling towards an unprecedented hunger crisis.
Global hunger increased steadily during the COVID pandemic, and now a whole host of other factors are accelerating matters. At this point even Joe Biden is admitting that the coming food shortages are “going to be real”, and his administration just announced that a whopping 670 million dollars will be directed to nations where things have already become quite desperate…
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Today, the Biden Administration announced that the U.S. Department of Agriculture (USDA) and the U.S. Agency for International Development (USAID) are taking the extraordinary step to draw down the full balance of the Bill Emerson Humanitarian Trust (BEHT) as part of an effort to provide $670 million in food assistance to countries in need as a result of Putin’s unprovoked invasion of Ukraine. The world is suffering from historic levels of global food insecurity, which is being exacerbated by the impact Russia’s war on Ukraine is having on global food supplies.
When all of that money is gone, Joe Biden will inevitably ask for more.
