Global protests and riots were occurring throughout 2019, which must not be forgotten. These movements were emblematic of a weakening world economy prior to the pandemic. The subsequent lockdowns and restrictions only made things worse. Yet due to the restrictions, these protests were muted. However, given the responses by federal governments and central banks, The Kapital News believes that the setting is ripe once again for such protests to take shape.
The country of Chile was on the list of countries protesting in 2019 and given the current environment, copper miners in the country are on strike. The people want the ability to tap into their pensions to act as a bridge to help support themselves and their families financially until conditions improve. They have done this twice before already and were looking for the opportunity to do so for a third time. However, the President of the country declined – thus the strikes. Chile is a major copper producing country and world markets have already been contending with higher commodity prices and supply chain disruptions. This action will only serve to aggravate current conditions, which was witnessed earlier today with the price of copper reaching near $4.50 per pound. And despite one large price increase after the next in one commodity after the next, we are routinely told that there is no inflation. What a joke! And this is one of the many reasons as to why protests will gain momentum.
Another source for youth frustration is in the real estate market. Take South Korea for example where young people in their 20s and 30s are all but priced out of the market and rents keep climbing higher as well. In the capital city of Seoul, apartment prices have risen nearly 58 percent since President Moon has been in office. The young people have recently shown their frustration in political elections, which led to the government implementing a program to cap rent increases at 5 percent. The Kapital News is against rent controls as they tend to backfire, as the caps are usually below where market forces would naturally clear, thus generating shortages, which in turn leads to higher prices. Nonetheless, several politicians are suspected to have front-run the legislation with respect to their investment properties. Meaning that before the 5 percent cap increase went into effect, these politicians increased their rents by as much as 14 percent! So much for looking out for their constituents. It appears that politicians are politicians whichever country you may find yourself.
Such actions undertaken prior to the pandemic, currently, and what will likely transpire in the future, will all serve as fuel to the growing fire that is youth revolts. Young people know all too well that it is they who will be paying the bulk of the bill for all of these asinine and criminal policies. The price will be paid in a number of ways of such as, increased direct taxation, higher rates of inflation, lower living standards than previous generations, fewer opportunities, and less prosperity. All of the actions undertaken today are simply to give the false façade of economic strength and vitality. Printing and spending trillions of dollars will buy you time, and make things look good for a short period of time, but when the bill comes due as it always does, it will be extremely expensive. Younger generations will nearly be forced to demand major structural changes if they are to have a future for themselves and their families. This is just getting underway and will likely be a decades long phenomena before the dust settles. Let us pray that these movements are as peaceful as possible and that equal justice under law and free-market capitalism are adopted. If so, the best days may be ahead of us, if not, then more of the same under a different name. Youth revolts are coming. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Protests #Peace #Inflation #FoodPrices #Commodities #Gold #Silver #Liberty #Leadership #EndTheFed #bananarepublic #FireCongress #Revolution #USA
