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Rising food prices threaten economic stability and could trigger riots, Gordon Brown has been warned.
The World Bank said this week that the price of staple foods has risen by 80 per cent in the past three years. For consumers in wealthy nations such as Britain soaring prices are squeezing household finances and keeping inflation up. But for developing nations they can lead to malnutrition and social disruption.
Rising food prices, which have caused social unrest in several countries, are not a temporary phenomenon, but are likely to persist for several years, World Bank President Robert Zoellick says.
Strong demand, change in diet and the use of biofuels as an alternative source of energy have reduced world food stocks to a level bordering on an emergency, he says.
Originally posted by MikeboydUS
reply to post by daddyroo45
I actually have. I'm waiting for the proverbial crap to hit the fan. When it hits, the Birdflu pandemic, $155/ barrels of oil, $7/gallons of gas, and food shortages I'm expecting some places in the country to look like New Orleans after Katrina, Iraq, or Mexico. [edit on 8/4/08 by MikeboydUS]
Originally posted by daddyroo45
reply to post by MikeboydUS
Hang on man the ride gets a lot more bumpy from here on.I hope you have some stockpiled food.
Egypt's Workers Battle Police Amid Rising Economic Discontent
Thousands of demonstrators angry about rising prices and stagnant salaries torched buildings, looted shops and hurled bricks at police who responded with tear gas Sunday in a northern industrial town as Egyptians staged a nationwide strike.
Codex seems rather secretive, don't you think?