Inflation and the Manipulation Behind It
It has been some time now that we have had high inflation rates, and this has been pushed to the extent that for the first time in India we have a situation where housing loans now would perhaps pass on to the children of the lenders post their retirement because of ballooning interest rates spiraling out of control. It does not surprise anyone that this situation of super inflation (as I would call it) does not come under control. There are multiple reasons behind it. I shall talk about a couple of them, and hope others pick the signals up as well. Food prices have gone up across the world. Continuous monitoring by the Food and Agricultural Organization (FAO) has shown that prices have risen five times since 2007, when food was treated as a commodity and future trading was allowed with the blessing of the World Trade Organization (WTO) and big agricultural giants like Cargill, Dow and Monsanto. This has already created havoc across the world which frighteningly led to food riots in