“That is a major worry. It is not just a major worry for this country, it is a major worry for the developing world,” says BoE governor Andrew Bailey.
Posted BY: Jamie White
Bank of England Governor Andrew Bailey warned that “apocalyptic” food shortages around the world are on the way, citing surging inflation.
In a meeting with MPs on the Treasury Select Committee on Monday, Bailey explained that the people of Britain are facing a “very big income shock” that will only get worse as inflation accelerates to double digits in the last quarter of 2022.
“The [risk] I’m going to sound rather apocalyptic about, I guess, is food,” Bailey said, claiming a meeting with Ukraine’s finance minister revealed Ukraine will be unable to ship its wheat and oil stores out of the country amid its conflict with Russia.\
“Ukraine does have food in store but it can’t get it out at the moment. While [the finance minister] was optimistic about crop planting – as you know Ukraine is a major supplier of wheat, a major supplier of oil – he said he was optimistic about planting, but he said at the moment we have no way of shipping it out as things stand, and it is getting worse,” Bailey said.
“That is a major worry. It is not just a major worry for this country, it is a major worry for the developing world,” he added. “Sorry for being apocalyptic, but it’s a major concern.”
Bailey then urged for more military intervention by NATO and the U.S. to help Ukraine move its food exports out of country.
“I am by no stretch of the imagination a military strategist, but whatever can be done to help Ukraine get its food out would be a huge contribution.”
This comes just a few weeks after Rockefeller Foundation President Rajiv Shah warned that a “massive, immediate food crisis” globally would begin “in about six months.”
Before the baby formula shortage came to a head in the U.S., Joe Biden warned in March that food shortages in the U.S. are “gonna be real.”
These aren’t simply predictions, they are planned developments as part of the World Economic Forum’s Great Reset of the industrial world using a controlled supply breakdown of basic goods and services to reconstitute a global food system that forces people to consume bugs and plant protein.
In a June 2020 article on its website called, “How to reimagine our food systems for a post-COVID world”, the WEF calls for social engineering initiatives to shift global diets in the name of health and combating climate change.
Watch Bailey’s full remarks: