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Crops are failing and JP Morgan just flagged a potential global food crisis — next step after higher prices could be rationing.
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Adapt 2030 — JP Morgan Warns Global Food Crisis Incoming!. Machine-transcribed; use the interactive transcript above to jump the player to any line.
Pawn soybean, wheat conditions are all deteriorating, and JP Morgan is warning of a potential global food crisis. If the disruption persists long enough, the adjustment shifts from prices, which we are putting up with now, to possibly rationing. Chulchry months India is going to run out of fertilizer, and so there will be a famine in India. Recent study from Oxford Economics just came out projecting that global food prices are going to be rising by 12% by the end of 2026, and another 5% on top of that for 2027. That sure seems to be a lot higher than the 3 or 4% they were telling us was inflation.
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