Peru in turmoil as inflation protests erupt; president calls in military, imposes curfew

Peru in turmoil as inflation protests erupt; president calls in military, imposes curfew

The emerging market economy of Peru is seeing widespread social unrest due to inflation, prompting the government to call in the military to enforce a curfew.

Peruvian President Pedro Castillo said in a live broadcast that his cabinet has agreed to impose a “ban on the mobility of citizens from 2 a.m. through 11:59 p.m. on Tuesday, April 5, to protect the fundamental rights of all people.”

Last we checked, martial law is not exactly congruent with human rights, but here we are.

Even before Russia invaded Ukraine, Peru was seeing major spikes in commodity prices due to pre-existing supply chain problems that became apparent during the Wuhan coronavirus (Covid-19) plandemic.

The protests in Peru reportedly began last month as demonstrations led by farmers and truckers intensified over the soaring cost of food, fuel and fertilizer. In response, Peru Finance Minister Oscar Graham reduced the consumption tax for fuel and basic food items in the hope that people would settle down.

Peruvians are not Americans, though, and do not roll over easily to tyranny. Reports indicate that they continue to protest as annual inflation numbers in Peru reach 6.82 percent, the highest since August 1998. April’s number is expected to breach 7 percent.

“This strike isn’t happening just here, it’s all over Peru,” one unnamed protester told Reuters about the situation.

Rising prices and record inflation are creating a political crisis for Castillo, who is losing popularity almost as fast as costs for basic necessities are increasing. Castillo’s only option to protect himself is to bring in the military.

This is an engineered collapse of the global economy

Besides cutting taxes, the Peruvian government has also raised minimum wage by about 10 percent, bringing minimum monthly income levels to around $322.

The situation is much worse in Peru right now than it is in the United States and other “established” economies, so the level of unrest and violence being seen there is obviously going to be worse.

The problem is that America is headed in the same direction, and most of this country is still too distracted with social media and hedonism to make their voices heard before the situation unravels into something much worse.

It is probably too late to do much of anything other than to prepare, depending on your beliefs about where things are headed. But let what is happening in Peru serve as a warning for how quickly things can fall apart when hungry people can no longer afford to buy food.

“Coming soon to the southern border … millions every month before this is over,” said someone at Zero Hedge about what Americans can likely expect as caravans of poor South Americans could start moving north in search of respite.

“Just tell them to put all their money in the USSA stock market,” joked another in response.

“Just wait until the inflation protests hit America,” wrote another. “People’s standard of living is about to collapse. When you can’t do anything due to food and gas prices while being exposed to the elites on social media living the good life, people will start tearing up the cities.”

Another responded to this by joking that millions of Americans have already been programmed to blame their country’s demise on Vladimir Putin as opposed to their own parasitical overlords who have been driving this country into a pit for at least the past 100 years.

“Something tells me that this 4th of July I won’t be getting the same tweet from the U.S. government about how my average cost for BBQ is 8 cents per person less than the year before,” joked someone else.

The latest news about the ongoing collapse of the global economy can be found at Collapse.news.

(Article by Ethan Huff republished from Citizens.news)

Planet Today

Disclaimer: This article only represents the author’s view. PT is not responsible for any legal risks. The material mentions COVID-19. Trust verified information from expert sources — check out answers to questions about coronavirus and vaccinations from doctors, scientists and scientific correspondents. This article may contain statements that reflect the opinion of the author. facebook twitter telegram reddit vk pinterest youtube external-link

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