,/A>Posted on 04/05/2022 2:21:12 PM PDT by blam
Inflation poses severe challenges for emerging market economies. The latest example is in Peru, where social unrest spreads across the country, forcing the government to impose a curfew in the capital, Lima, on Tuesday, according to Reuters.
“The cabinet has agreed to declare a ban on the mobility of citizens from 2 a.m. through 11:59 p.m. of Tuesday, April 5, to protect the fundamental rights of all people,” Peruvian President Pedro Castillo said in a live broadcast last night.
The South American country was already struggling before commodity prices jumped to record highs because of the Ukraine invasion and virus pandemic supply chain disruptions. Social unrest began last month as demonstrations led by farmers and truckers have intensified over soaring food, fuel, and fertilizer prices.
Days ago, Peru Finance Minister Oscar Graham reduced the consumption tax for fuel and basic food items, hoping it would quell protests.
This all comes as Peru’s annual inflation hit 6.82% in March from a year earlier, the most since August 1998. April’s number is expected to top 7%.
Higher commodity prices, pushing up overall inflation, is metastasizing into a political crisis for Castillo, whose slumping popularity could fall even faster. Castillo has also called in the military to control violent protests.
“This strike isn’t happening just here, it’s all over Peru,” one unnamed protester told Reuters.
Peru’s president declared a state of emergency in the capital Lima as violent protests over inflation led to clashes with police, blocked highways and food shortages https://t.co/95yYfgMgFs pic.twitter.com/gwzVCpJyGm
— Bloomberg Quicktake (@Quicktake) April 5, 2022
PERU: The country has declared a state of emergency, mobilized the military to support riot police, and issued several cities a curfew after nationwide protests against inflation, fuel prices and the government spread for a week. pic.twitter.com/W2v18kNDK9
— Apex World News (@apexworldnews) April 5, 2022
,/A>
Dmonstrators clash with riot police during a partial strike of cargo and passenger carriers in Peru. A partial strike of cargo and passenger carriers caused road blockades and suspension of classes in Peru.#Peru #Clash #Police #Strike #Demonstrator (Photo by Gian MASKO / AFP) pic.twitter.com/IGIKv5oS50
— Bishesh News (@BisheshNews) April 5, 2022
Besides tax cuts, the government has desperately raised the minimum wage by about 10% to about $322 per month.
As the situation worsens in Peru, none of this should be surprising to readers. We’ve explained that social unrest in emerging market economies was inevitable due to the rapidly rising cost of everything.
… and it’s just not Peru that is being impacted by inflationary forces on the continent but every country in South America. The continent is a ticking time bomb for unrest.
We’ve also outlined countries outside South America that could be prone to unrest due to inflation and food shortages.
****As long as the EBT cards are filled, the orcs won’t come boiling out of the cities.****
Empty shelves mean empty cities, regardless of EBT...
The Peruvian people voted for a socialist president, so they shouldn’t be surprised Peru is turning into Venezuela II.
Its south america, so they are way past due for a revolucion to return full metal communism. I have traveled there many times from atacama to santiago to punta arena. Will miss it.
Pandemic, Ukraine War Leave Chinese Farmers with Fertilizer Shortage During Planting Season
My guess is that the supplies will go there first.
same here
“The continent is a ticking time bomb for unrest.”
Trial balloon for the rest of us...
"Inflation poses severe challenges for emerging market economies.
The latest example is in Peru, where social unrest spreads across the country, forcing the government to impose a curfew in the capital, Lima,
on Tuesday (Yesterday), according to Reuters."
"The South American country was already struggling before commodity prices jumped to record highs because of the Ukraine invasion and virus pandemic supply chain disruptions.
Social unrest began last month as demonstrations led by farmers and truckers have intensified over soaring food, fuel, and fertilizer prices."
" This all comes as Peru’s annual inflation hit 6.82% in March from a year earlier, the most since August 1998. April’s number is expected to top 7%."
Higher commodity prices, pushing up overall inflation, is metastasizing into a political crisis for Castillo,
whose slumping popularity could fall even faster. Castillo has also called in the military to control violent protests."
" We’ve explained that social unrest in emerging market economies was inevitable due to the rapidly rising cost of everything.
… and it’s just not Peru that is being impacted by inflationary forces on the continent but every country in South America.
The continent is a ticking time bomb for unrest." (Emphasis theirs).
And they think it will be better here.
Not when the democrats are done with the US.
It will become the same third world hell hole they escaped from.
They might as well go back. The weather is nicer.
Even as I type this I’m watching the movers load up the truck to move me from the city to rural TN. America’s cities will have to become more conservative for me to consider coming back, and I don’t see that happening.
They can choke on their political correctness.
The DHS Southwest Border Mass Irregular Migration Contingency Plan tells senior leadership to prepare “federal to federal” support agreements to quickly move personnel and funds to DHS agencies.
The plan includes an additional focus on a “Whole of Western Hemisphere” approach as a solution to the worsening border crisis. Part of the plan, reviewed by Breitbart Texas, includes efforts to improve living conditions outside the United States.
I’ve been slowly trying to do that too. But I’m nowhere close to 2 years.
“Our suppliers are saying that’s when fertilizer will become scarce and unaffordable.”
So what does that translate to in availability at the market?
Yep, because urban areas will have riots.
Good move!
Our President and Press Secretary should remind them that inflation is good.
Amen.
We’re hearing the same, from our farmer.
I’m hoping to increase my biochar production this year. It’s a long-lasting home-made fertilizer, and also gives you a way to make use of things that shouldn’t be composted, like diseased or infested plants, dog turds, butchering waste, etc. Not to mention, it makes one heck of a deodorizer when mixed with animal bedding!
I don't know.
The serious price increases haven't even begun to be applied yet.
Those come after low/no fertilizer for crops, low yields in the fall and an overall weak growing season for any number of reasons.
Some/many of these negative things are already 'baked' into the mix.
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