Hello, everyone
Hello, everyone. JP Morgan have come out and stated that there will be a global food crisis by 2027. Interestingly enough, they also came out with a report called food security is national security. Interesting, isn't it? This coming from a global banker who have no interest in borders or any form of national sovereignty. This is all about the free movement capital. And where you have the free movement capital, you have the free movement of labor to push more profits upwards to those in.
Further commas elites and many of those bankers like JP Morgan, HSBC, Goldman Sachs, and Bank of America who are in agreement on this position. Now, we've seen the geopolitical strife over the recent times with the war in Ukraine. We also see it now with what's taking place in Iran. That's putting massive, massive pressure on grain, on wheat, on fertilizers and getting many other ingredients such as urea and nitrogen from those troubled parts of the world currently.
And where there's a crisis, there is always an opportunity, isn't there, for those bankers to make so much more money while pushing more and more people over the edge globally in terms of hunger and starvation, but also in terms of Ireland, where you see an increasing number of people who are now in fuel poverty. Our fuel poverty rather, never mind uh fuel poverty. We've also seen the energy chaos, which is really making things worse in terms of exacerbating.
Price increases for ordinary people and pushing more and more people over the edge. And interestingly enough, the European Central Bank have also said that fuel inflation will be driving inflation across Europe in the next period of time. We've already seen massive increases in grocery bills over the last number of years. At the same time, wages haven't kept pace with these increases and so many basic necessities for people to exist.
One in five families in Ireland now are on shortage on their meals and cutting back on meals and portion sizes as well. And this comes at the same time where about 10% of the population are in food poverty. That is half a million people in Ireland in food poverty. This is in a country where the richest 10% have 50% of the wealth. So, it's an economic crisis for ordinary working people. It's a crisis crisis.
That's the way the system always works
That's the way the system always works. This comes at the same time when the United States have called operation economic outcast, which is going to have wider implications for that region in terms of Iran and also the wider issues in terms of logistics and the transportation of necessary foodstuffs to other parts of the world. And as I said, it hurts those who are most left behind at the moment. And the implications for Ireland will be stark,.
“And as I said, it hurts those who are most left behind at the moment”
Also. Because of the 30% of the fertilizer comes through the Strait of Hormuz. And we've seen what's happened in the recent times in terms of the drought in Ireland, which is going to create shortages moving forward. And not to mention the decimation of our domestic industries. Here the government has made Ireland into an export-driven economy. Where 90% of the food produced on the island of Ireland Ireland is exported. Now, this is exported again to benefit the multinationals, benefit.
The big beef barons at the expense of ordinary people. Which boosts the profits of those multinationals. And as I said, ordinary people are struggling. We also it with indigenous industries in terms of many of the vegetable industries in Ireland have been decimated. And most recently a company in County Kilkenny, Hughes, which had been going for years, supplied about 12% of South elemental carrots and parsnips in Ireland. They went out of business. And now another report has been issued to state that.
Production costs of carrots have been up over 100% since 2020. At the same time, price has only increased by 40%. Making massive windfalls for the supermarkets, putting pressure on many small producers. And we've seen that for instance in terms of running them out of business, so only bigger guys can hoover up and monopolize the essentially sector of this industry. Uh but it's the way globalism works, isn't it? At the same time, leaving you dependent on international.
Food markets. And what's interesting as well is maybe 4% of our food vegetables in Ireland are imported. This is uh really stark when you consider about the long history we had in Ireland about our horticultural industry, which has been left to rack and ruin in Ireland. And also, what goes on to make it a perfect storm is the massive amount of speculation that's taken place in the food market, the whole food industry, since the commodity prices in the.
Futures market, which has made it completely deregulated and
Futures market, which has made it completely deregulated and opened the doors to speculators to jump and buy and artificially inflate the price of food, which is going to have a massive massive implications for us here in Ireland. Also, over the coming time as well, we will see massive amounts of shortages. And this is part of the bigger agenda. Here's government has left us completely open to this disaster unfolding on our doorstep in the next period of time.
Uh, where it becomes nearly impossible for most people to get by day-to-day with the higher cost of living as more and more people be put pushing into fuel poverty. And I'm sure it won't affect those richest 10% or will it? So, let me know what you think in the video. Let me know what you think of what's being discussed. And thank you so much for comments and thanks for sharing my videos as well. I'm very grateful. So, from Dublin this evening,.
It's Longford. Talk to you all soon. Bye-bye.
