"In fact, if there is one thing preventing the PBOC from engaging in full blown easing, it is precisely the threat that just as it floods the market with excess CNY, that the supply of food will collapse causing widespread riots and chaos a la Arab Spring 2011. And now, just to make sure that the threat of full out global food crisis is complete, and the deep fried black swan has truly gone global, we find that a heat wave in Southern Europe is causing the corn crops to wither in a region that is responsible for 16% of global exports. "
Starvation, civil wars/revolution, and regional die-backs are approaching fast. We have been banging on this drum for years now. Get ready as best you can for outrageous food price increases and civil unrest, everywhere. - Wes