[Peace Issue] Agflation: Russia-Ukraine Bombs Flew Right to my Kitchen Table

이미지
  ― Special Delivery Russia ― Ukraine bombs   flew right to my kitchen table ― [Agflation]   A phenomenon where prices rise across the board due to a surge in agricultural product prices "Agflation" = agriculture + inflation   The dread of agflation is sweeping across the globe. Grain and food prices worldwide, which were already rising due to crop recession caused by climate change and increased transportation costs due to COVID-19, have taken an unprecedented steep upturn following the outbreak of the Russia-Ukraine war.   We face the most serious food crisis since World War II. The Food and Agriculture Organization of the United Nations (FAO) announced that world food prices jumped to all-time highs in March due to the impact of the war . In particular, wheat prices are soaring. The black market price on the international market rose by 80% last year, and soared to 90% in March last month alone. In March, David Beasley, Executive Director of the United

[Peace Issue] The Global "Perfect Storm" Sparked by the War

이미지
The Global "Perfect Storm" Sparked by the War [The Perfect Storm] A very severe worldwide economic crisis A typhoon begins as a local disturbance without much strength, but it triggers other natural phenomena that wreak tremendous destruction.   The Russian-Ukrainian War, that began on  February 24, 2022 when Russia attacked Ukraine under the name of a “Special Military Operation,” has now been going on for over two months. The aftermath of the war is growing deeper and wider. Global economic growth is stalling while inflation is soaring . Energy and food supply lines are becoming insecure , and the response to climate change is being put on hold . The lives of people in underdeveloped countries, already suffering from hunger with disaster hanging over their heads, are now getting worse.   Representatives of the European Union and the UN are mediating, and have proposed negotiation between the two heads of state. All the meetings between representatives of Ukrain