In order to alleviate the social impact and unemployment problems caused by the closure of the city, the US government chose to print a lot of money at this time and began to issue unemployment benefits, but this also directly affected the "food inflation rate", which exploded in April. To 3.5%, growth was a nine-year high. Looking back at history, the last time the "food inflation rate" exceeded 3.5% was in the first quarter of 2012, with an average increase of 3.5%, and the average increase in January and February was as high as 4%.
This year also resulted in the incident of George Zimmerman and the African-American youth Trevon Martin as the fuse, which eventually triggered a wave of nationwide protests, and the incident took place in Sanford, Florida. , Sanford), there was a riot, causing whatsapp list several police cars to be set on fire. The impact of the "food inflation rate" is not only in the United States, but also affects the whole world. In order to get rid of the economic crisis in 2008, the US Federal Reserve began to carry out quantitative easing (QE) in 2009.
The Federal Reserve conducted a total of two rounds of QE, printing a lot of money. As a result, it caused inflation all over the world and planted the seeds for the outbreak of protests around the world. The U.S. dollar is the world's reserve currency, and the world's major commodities are priced based on the U.S. dollar. Therefore, the result of printing a large number of banknotes is to cause inflation around the world. For the people at the bottom, the impact of inflation has caused the price of food to skyrocket, making their income unable to afford the most basic food expenses, and ultimately making it impossible for the people at the bottom to live. Large-scale protests in various places seem logical.