TRIGGERnometry How Commodities Markets Cause War & Chaos - Rupert Russell
May 2, 2022
Rupert Russell, a writer and filmmaker known for his documentaries and the book "Price Wars: Adventures in the Financial Apocalypse," discusses the link between commodities markets and global chaos. He explains how fluctuations in commodity prices contribute to social unrest and migrations, using personal stories to illustrate these impacts. Russell delves into the evolution of speculative markets, critiquing deregulation and its effects on volatility. He argues for the need for effective government policies to stabilize markets and mitigate crises.
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Commodity Prices and Global Instability
- Commodity price fluctuations have driven major global events.
- These include the Arab Spring, Brexit, the rise of Trump, and the war in Ukraine.
Food Prices and Social Unrest
- Food price spikes break social contracts between citizens and governments, especially in the Middle East.
- Bread symbolizes this contract, making it a focal point during protests.
Life in Hyperinflationary Venezuela
- In hyperinflationary Venezuela, daily life becomes a struggle for survival.
- One gamer, Octavio, survived by playing World of Warcraft and earning dollars.
