ooops...Food riots!
Posted on 04/11/2008 3:22:18 PM PDT by Rufus2007
ABC’s April 11 “World News with Charles Gibson” is showing they finally get it – ethanol production and high energy costs are causing food shortages worldwide.
“[P]rices are rising across Africa, pushed up by the cost of oil and demand for biofuels,” ABC correspondent Jim Sciutto said.
“Those biofuels are in fact a large part of the equation,” ABC correspondent David Muir added. “Many farmers around the world, who once grew wheat and rice, now grow corn and sugar cane instead, to produce ethanol a more lucrative market.”
(Excerpt) Read more at newsbusters.org ...
Yep Tom Friedman and clarity of vision go right together.
The Daily Reconing
Sowing the Wind, We Reap the Whirlwind
Buenos Aires, Argentina
Friday, April 11, 2008
Of course, the real cause of rising food prices is a falling value of paper money. But only the European Central Bank seems to take its mission to protect the euro seriously – it’s holding rates steady. While the ECB tries to hold the line against inflation, the rest of the world’s central bankers are giving inflation all the slack they can. The Bank of England, following the U.S. lead, cut its key rate yesterday by a quarter-percentage point
Sounds like things are going as planned.
ooops...Food riots!
There can’t be a war between two countries that both have McDonald’s...
As I recall, the US vs. Serbia/Kosovo? was the first. He tried to defend his original statement by saying it was NATO vs. Serbia/Kosovo.
Actually, I thought it was a decent idea. McDonald’s is high tech enough that it can’t be nationalized, yet low tech enough that it can’t be pirated.
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