Unless we act, escalating commodity prices will cause a decade of global turmoil | Rupert Russell

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The Ukraine war is sending the cost of energy and food soaring across the world. Price controls may be the only way to stop a devastating chain reaction

. If we aren’t careful, the “Ukraine shock” could fast be approaching the awesome scale of the OPEC and Iran shocks that rocked the 1970s.

 

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Economy Is One Of The Major Victims—Local And Global!

What does the rising price of bread in America have to do with the war in Ukraine? Is this because the cost of transporting flour in gas guzzling trucks is rising? Do he buy wheat from Ukraine?

At present this increase of commodity prices is well justified after more than two years of pandemic and consequent lockdowns slowing down almost any type of business and now this war with all the due consequences! I fear there is not an easy immediate solution to this problem!

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