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Korean government has lost control of food prices in the country as massive culls of tens of millions of birds from a Super Strain of Birdflu, raising the prices of chicken and eggs by minimum of 80%, seafood 25% and vegetables up to 75%. Protests are erupting across the country due to food prices, which is what we will see more of as the grand solar minimum intensifies and we enter global crop losses.
The farm credit crunch in the USA will result in less acreage planted in 2017 countrywide and now department store sales are at record low, is this an indication people are spending more of food in the US and buying less non-essential items? If the cycle repeats as 2008-2009 spending will dry up as people see rising food and energy prices as a threat to their lives, survival saving will kick in again.