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Sources:
1) https://www.marketwatch.com/story/the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says-11657995969
2) https://www.newsweek.com/bill-gates-north-dakota-land-purchase-sparks-questions-online-1722660
3) https://www.foxnews.com/world/dutch-farmer-revolt-harsh-climate-law-beginning-experts-say-there-will-be-unrest-all-over
Larry Fink is the CEO of BlackRock. BlackRock currently has roughly $11 Trillion in assets under management and many would argue that BlackRock is one of the most powerful companies in the world with holdings across all industries. If you look at any successful company today, you will see that BlackRock is likely one of their biggest shareholders. The CEO of BlackRock just issued a warning around food saying that food inflation will sky rocket and that there could be real food insecurity in the world coming very soon.
How will record high inflation meet this future crisis? I believe that we could see food costs continue to skyrocket and the net result of this could be food prices beyond anything that anyone could see possible. Will we have food shortages, will see see a food collapse, will wee see a dismal future as Larry Fink, the CEO of BlackRock describes?
The economy, stock market, real estate market, crypto market, gold, silver and all asset classes would hold up differently in the event of this scenario unfolding as the CEO of BlackRock described today.
Drop your thoughts below on food shortages and his prediction.
#foodshortage #economy #blackrock
