- Silver Report Uncut
Food shortages are already a serious problem for millions of people according to a new report. Crop failure through various events this year have led to huge food shortages across the world. Drought conditions affected much of Europe and lead to lower yields while the same held true for Midwestern grain and corn farmers in the US which are drastically short on previous yield predictions this year. The lack of rain through much of the farming regions has impacted an already stressed region as American farmers have been surviving on stimulus as well. Farm bankruptcies were at all-time records last year and this year turned out much worse than necessary.
Inflation is running much hotter than official reports and according to the method used to calculate inflation in the 90’s inflation in the US is running closer to 10% already as http://ShadowStats.com shows in the chart. Food prices have been rapidly rising throughout this dilemma and the price for cereals has surged 13.6% so far this year due to the drought. The BOJ has joined the chorus of other central banks to develop the digital Yen and digital payment system to support commercial and personal use of the Central bank digital currency or CBDC. Japan isn’t the first and Lagarde just mentioned bringing the digital Euro into fruition and this mirrors statements from the Fed in developing FedNOW the all-digital dollar and the end of cash forever. The fact that all the world’s central banks are now speaking this language it’s clear the decision has been made in some backroom somewhere. Cryptocurrency could come under pressure from the bank if they become in direct competition to the new digital dollar payment system.