Again, nothing this man is saying is incorrect.
— Gonzalo Lira (@GonzaloLira1968) July 20, 2022
And yes, the United States is now a net importer of food — and the food deficit is growing month by month. pic.twitter.com/8ZsggHHpLs
And he is effortlessly and extemporaneously discussing these issues ... no teleprompter, no notes. He is speaking from a foundation of understanding.
— Will Schryver (@imetatronink) July 20, 2022
Everyone's talking about what is going on right now, blaming
Russia for the coming food crisis. You, as specialists, would know that
the crisis emerged from the times of the anti-pandemic measures, where some
well-developed economies abused their monopoly power in terms of
currency monopolies. They turned on the printing machine in the U.S.
and printed $5.9 trillion, that's 38% of the entire money supply. They
printed it over two years, which is roughly the sum of what was printed in the
previous 40 years. The same rate. In the EuroZone, they printed
$2.5 trillion euro and released this money into the economy and gave it out to
people, which isn't bad per se. We utilized a similar tactic.
But we were very careful, it was sparingly done as it didn't lead to such a
wave of inflation.
Over there, the anti-pandemic measures were funded from budget
deficits which led to them buying up food supplies from global markets.
Whereas in the previous years, the U.S. was a net exporter of food. They
are now a net importer of food. They bought $17 billion more in food than
they sold.
What does that say? They have exacerbated for developing
poor countries and closed their own problems off. This is the result of
a monopoly on reserve currencies--dollars and euros.
This started at the end of 2019, and the beginning of 2020. Then the
anti-Russian situation made the situation worse. They made a bunch of
mistakes in the energy sector and gas prices went up. And access to gas is the
foundation of many fertilizers. As fertilizers became more expensive,
we've seen enterprises shut down, particularly in Europe, and food prices
skyrocket further.