Views Collection

The world has experienced a dramatic rise in the price of petroleum products as well as gold. To add more woes to the condition, the newest threat is food. In some parts of the world, the scarcity of food can already be seen. The World Food Association had recently conducted a three day urgent meeting in this regard.

With the oil price rising, the dollar had lost its value in the international market. But recently, the dollar is gaining some momentum but the price of oil shows no sign of declining and so does the gold. In olden days I had thought that gold and dollar had an inverse relation which has been proved wrong at this time.

But the main concern right now is food crisis. What if people could not afford to buy food? People can stop buying gold but in no way they can stop on feeding. This is a very serious problem and what we can only hope for the developed countries taking up some precautions and coming up with a solution. Poor countries don’t have the ability to do so and they are the ones who will be suffering a great deal in this crisis of food.