This Revolution is NOT about to Stop
The United Nations issued a warning about a new global war about to erupt and plunge the Middle East and other parts of the world into chaos. A protracted drought in China is threatening to end in a massive crop failure and trigger a global war of food subsidies.
Since the beginning of the Arab Revolution, Arab and other governments in the third world have been increasing wages and food subsidies in order to stave off the wave of global popular unrest. Here, however, comes a giant that can easily outbid everybody on the market and send budgets around the region bust. If rains fail to materialize in China soon, a global war of prices and subsidies will erupt, a war that no government in the region can hope to win.
The New York Times
By KEITH BRADSHER
Published: February 8, 2011
. . .
With $2.85 trillion in foreign exchange reserves, nearly three times that of Japan, the country with the second-largest reserves, China has ample buying power to prevent any serious food shortages.
“They can buy whatever they need to buy, and they can outbid anyone,” Mr. Zeigler said.
. . .
Source: U.N. Food Agency Issues Warning on China Drought
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