1-FAO food price index hits record high in December [Thanks Bernanke]

Reuters ^ | 1/5/11 | Rudy Ruitenberg

[dollarbull]

ROME, Jan 5 (Reuters) - Global food prices rose in December, with the FAO Food Price Index at a record high, the U.N Food and Agriculture Organisation said on Wednesday, past 2008 highs when rising food prices sparked riots in a number of countries.

[dollarbull]

Here's what fiat money, central planning, bansterz, and QE2 are going to bring you...

[Lloyd227]

Yup, this is a currency value issue and not a food shortage the way the MSM wants to make it sound

[BlackVeil]

In a recent public statement, Bernanke called for more money in circulation. He said that the economy required it, and that Americans should not worry about inflation.

So that’s all right then.

[gogogodzilla]

But of course, for as all economists know, if you add more money into circulation without increasing the amount of supply (goods, services, whatever), that it is a recipe for keeping inflation low or nonexistent!

Ben Bernanke thinks so and he's the top economist at the Fed!

Everyone who thinks otherwise is just uneducated in economics.

[end sarcasm]

[SupplySider]

Amen. And let’s not forget the ethanol crowd, starring Bob Dole.

[Malsua]

In a recent public statement, Bernanke called for more money in circulation. He said that the economy required it, and that Americans should not worry about inflation.

But housing prices are down and wages are flat so there must be no inflation. After all, doesn't everyone run down to the local development and buy new houses every week? I mean, who goes to the grocery store? That's something most people only do a few times in their life. Inflation insmation.

[BlackVeil]

Yeah ... I should stop all that food shopping, and never again fill my car. I can buy houses instead. No problem! The simplest solution is always the best.