A Food Crisis on the Horizon?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 20 August 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. Today on “The Breakdown,” NLW looks at something that could cause a new set of “big picture power shifts” – a growing global food crisis. He explores a set of causal factors including Russia’s invasion of Ukraine, inflation and environmental policies that are combining to form a perfect storm. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Anton Petrus/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Friday, August 19th, and today we are discussing the potential
0:28.0	food crisis on the horizon. Before we get into that, however, if you are enjoying the breakdown,
0:33.4	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into
0:37.6	the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go
0:41.9	to bit.ly.com slash breakdown pod. Lastly, a disclosure as always. In addition to them being a sponsor
0:47.8	of the show, I also work with FTX. So, happy Friday, everyone. Today we are looking at a topic that is important, future-oriented,
0:59.4	certainly has the potential to shape power shifts,
1:03.2	but is kind of lurking behind the scenes.
1:06.3	And that is the potential for a global food crisis.
1:10.2	So what we're going to do today is look at the elements that might be contributing to a global food crisis. So what we're going to do today is look at the elements
1:12.6	that might be contributing to a potential food crisis, as well as the evidence that it might be
1:17.4	coming on. This is one of those episodes that's obviously a little bit outside of the normal
1:22.2	sphere for the breakdown in terms of our day-in-day-out coverage of the macro scene or Bitcoin,
1:28.5	but which I think really fits this theme of big-picture power shift, so I hope you enjoy it.
1:33.0	Food crises have been on people's minds easily since the beginning of the Russia-Ukraine
1:38.3	crisis, but for those who have been paying attention, there were worrying signs even
1:43.3	before this happened.
1:45.1	In 2020, the number of people experiencing undernourishment went up for the first time in six
1:51.7	years. In 2019, it was around 8.4% of people that experienced undernourishment, and by 2020,
	...

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