OSN Secretary-General Antonio Guterres announced that the world was on the brink of the worst food crisis in the post-World War II era. The world has entered a critical period in which a depression unfolds, a viral pandemic rages, and socio-economic chaos rises to unmanageable levels for governments and central banks. The food system is an unprecedented threat they have never seen in recent memory because blocking has limited people’s ability to collect and buy and sell food.
The public health crisis associated with the global depression has now triggered a perfect storm of extreme poverty and hunger, which could lead to a persistent period of social unrest. A viral pandemic could push more than 50 million people into immediate poverty.
He said that countries with large amounts of food could be disrupted. In the US, some meat and food processing plants have already closed due to viruses, resulting in food shortages and rising food inflation. If the global food crisis worsens, there will be many people whose governments and central bankers simply cannot push food as if they could print money.
Disclaimer: The content of the Reports constitutes Marketing Communication and does not constitute Investment Advice or Investment Research or an offer for any transactions in financial instrument. The content of the Reports represents the view of our experts on a generic basis, and does not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the Reports have not been prepared in accordance with legal requirements designed to promote the independence of Investment Research, and are not subject to any prohibition on dealing ahead of the dissemination of Investment Research. Readers using the Reports should consider the possibility of encountering substantial losses. The past performance is not a guarantee of future results. Therefore, Goldenburg Group Limited shall not accept any responsibility for any losses of traders due to the use and the content of its Reports.