by Michael Snyder
End of the American Dream
When I started warning of an emerging global food crisis a number of months ago, many out there assumed that I must be exaggerating things. Sadly, I was not exaggerating one bit. The soaring price of fertilizer, extreme global weather patterns, shocking crop failures and an epic global supply chain crisis had combined to create a “perfect storm” even before the war in Ukraine began. Of course the war has made things far worse, because Russia and Ukraine collectively account for about 30 percent of all worldwide wheat exports under normal conditions. For a while, the mainstream media and our leaders in Washington were in denial about what was happening, but now everyone is finally admitting the truth. In fact, at this point even the Biden administration is conceding that a global food crisis is here…
The White House confirmed Monday they expect certain parts of the world to suffer a food shortage as an effect of Russian President Vladimir Putin’s invasion of Ukraine.