Posted on 01/27/2013 6:18:38 AM PST by SeekAndFind
This is MSM counting on their news consumers being ignorant.
Instead of UN press releases, go to actual agricultural news sites that are intended for producers and buyers of ag commodities. They tell a vastly different story than the MSM’s hysteria.
Hundreds of million starved? At that rate the world’s overpopulation problem will solve itself in a couple of years.
Pure alarmist drivel. The question is: Would there be more food available for consumption in 3rd world countries if G.S. withdrew from the derivatives market? Or less? The fact is that G.S. investments enable more farmers to take risks in planting crops.
It should be pointed out that this story originates from Russia Today, a Russian government financed outlet designed to improve Russia’s image abroad. RT also sends its ‘journalists’ out for employment in MSM media outlets.
It is the outlet for Julian Assange’s attacks.
I’ve been told numerous times in a very condescending manner here on FR that there is no speculation behind food prices rising.
Oh well, this sort of thing hitting the news cycle will likely put something of a damper on the next bizarre speculative spike in ag commodities, the amoral b-tards. They’ll have to collectively alight on something else to keep the seven figure bonuses rolling in.
Hundreds of millions? You mean the same number of children killed by NRA members each year?
OMG! Which evil firm lost 400 million dollars betting on food prices last year?
Because, you know, derivatives are a zero sum game.
Some of the food price increase is due to crop failure, etc.
But, much more of it is due to citizen failure. Continuous election and allowing of the conditions that lead to a lack of prosperity.
Is it immoral to wager on humanity's constant ability to work against their own self interest?
I wonder if this might be responsible for rising food prices? You know, that whole supply and demand thingie.
Nah, must be dat ebil Goldman Sachs.
Not that I blame them for understanding markets, but OTOH, I'd bet they also lobby the gub'mint to subsidize the turning of edible calories into unnecessarily expensive non-edible calories.
BHO's EPA, FDA, BLM, etc, and other assorted ne'er-do-wells.
It is. These people really need to educate themselves about the role of futures markets in a capitalist economy.
I wish I had the foresight DS had...then again even if I did I don’t have enough money to do anything about it...
Who is DS?
It’s up to every individual to make their own way in this world, let the leaches starve.
Pure Marxism. According to the true believers, speculative investments (as all investments in stock certificates are) are immoral, because they are unproductive, in the sense that they don’t contribute to something like the electrification of the country, Lenin’s prime objective in Russia. Off with their heads! This is no joke, this is a glimpse into the minds of people like Obama, and his whisperers Ayers and Valerie.
We have heard this crap before. I don’t care about the starving masses in the failed states of the third world, I don’t care what the UN thinks.
I have an obligation to help my neighbors when needed but I don’t have an obligation to help those who refuse to help themselves, you made your bed, sleep in it.
Sorry Bob...I meant GS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.