Food Inflation is Starting to Bite with Russell Clark
Inflection Point
00:00
Is There a Causal Arrow Between Wages and Food Prices?
When the price of food goes up, it's essentially a tax on everyone, right? So wages follow. What you star in to see is, in some ways, china is becoming the centre of the price of commodities. And they are keeping their currency strong, keeping their real incomes strong,. which is causing commodity prices to rise. And the rest of the world, who are running very, very loose molitary policies, are actually geting poorer. Grate for stock market, its lucranus dicodomy now a. It feels like we've come to the end of pro-capitalist policies that were seen in the states. I'm not so no america
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