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World food prices hit record high
CNN ^ | 2/3/11 | Bryony Jones

Posted on 02/03/2011 10:10:03 PM PST by Kartographer

World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).

The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.

The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.

The cost of sugar, cereals, dairy and oils and fats all went up last month, while meat prices remained steady.

FAO economist Abdolreza Abbassian said high prices were likely to persist in the months to come.

Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: foodprices; foodsupply; inflation; populationcontrol; preparedness
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To: Toddsterpatriot

You LIED now everyone can see how you are. Your constant harassment will do you no good. I’m beginning to wonder if your dangerous instead of just a pain.


41 posted on 02/04/2011 6:07:32 PM PST by FromLori (FromLori">)
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To: FromLori
Yeah, The Mighty Todd is trolling.

“By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely tobe in the vicinity of China and Japan’s combined holdings,” Richard Gilhooly, a strategist at TD Securities, told FT.

As we can see from this, the Mighty Todd's "math" ASSumes that China and/or Japan will NOT reduce their holdings while the US is increasing theirs over the course of the next 4-5 months. **snicker**

Don't bother with him, he likes to King of the FR economic sandbox, and is askeert of the places like Zero Hedge and the Ticker forums where he get schooled right quick.

42 posted on 02/04/2011 8:09:16 PM PST by kiryandil
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To: Toddsterpatriot
Now check this out, 1600 (Fed ownership by June) is less than China and Japan combined (1773).

So, you know for a fact that in June, China and Japan combined will have 1773bn of Treasury securities?

You should trade that knowledge. It's like being able to know the winner of the Super Bowl this Sunday. You'll be able to make a killing...

43 posted on 02/04/2011 8:14:27 PM PST by kiryandil
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To: kiryandil
So, you know for a fact that in June, China and Japan combined will have 1773bn of Treasury securities?

No. Do you know for a fact that 1773 is larger than 1600?

44 posted on 02/04/2011 8:17:11 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

I get it - you’re a joke.


45 posted on 02/04/2011 8:19:21 PM PST by kiryandil
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To: kiryandil
and is askeert of the places like Zero Hedge and the Ticker forums

If the link you posted earlier is an example of the typical post on Ticker Forum, you're right, I'm scared of the idiocy.

46 posted on 02/04/2011 8:19:44 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: FromLori
As we can see, the Toddsterpatriotroll refuse to admit his error in projecting the current Treasury holdings of China & Japan as being the June Treasury holdings of China & Japan.

Which means that he feels that he knows the future.

Which means that he either DOES know the future, or he's a troll.

47 posted on 02/04/2011 8:22:24 PM PST by kiryandil
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To: Errant
Under the Law No Social Security COLA for 2011

The Obama Administration did a study - found that seniors don't eat food like other humans - they take sustenance from the air... Higher food prices won't effect them.

48 posted on 02/04/2011 8:26:01 PM PST by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php - World Disaster Map)
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To: Toddsterpatriot
If the link you posted earlier is an example of the typical post on Ticker Forum, you're right, I'm scared of the idiocy.

Translation: little Toddsterpatriotroll is comfortable in his safe little FR sandbox.

Come on, ToddTroll - go dazzle 'em with your brilliance. You should have 'em schooled about how "banks don't profit from inflation" and how "banks aren't getting a benefit from having cash instead of bonds which paid interest" in just a few minutes.

49 posted on 02/04/2011 8:27:45 PM PST by kiryandil
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To: Toddsterpatriot

You need to lighten up a bit.


50 posted on 02/04/2011 9:46:08 PM PST by blam
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To: kiryandil

I try not to bother with him but he is relentless a lot of times he comes on threads later and just goes on and on replying to me even if I don’t reply back. It’s become almost an every day thing.

He started calling me names a while back and then he would say he wasn’t referring to me even though it was in a reply to me and there for everyone to see. I believe he thinks that’s a way to get away with it.

I’m sick of him and his lies and harassment. If he can dish it out I figured he should be able to take it and now I refer to him as Troll or Timmy. He makes up things just like he did here and then claims I said them and as you can see even when caught in a lie he’s not man enough to apologize for lying.

I’ve told him lots of times to go away but it doesn’t seem to register. He seems to be a stalker but I’m not about to be his victim.


51 posted on 02/04/2011 9:58:02 PM PST by FromLori (FromLori">)
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To: Toddsterpatriot

Why don’t you wander over to the Ticker Forum, sign up, and set that fool Denninger straight?

He’ll eat you for lunch and pick his teeth with the shards of your femurs.


52 posted on 02/06/2011 5:40:35 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring
The idiotic post I was talking about was this.

I'd be surprised if Denninger wrote something like that. Or if he thought that 1600 was larger than 1773. Or if he thought that banks profit from inflation.

53 posted on 02/06/2011 6:45:55 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: DuncanWaring
LOL! Denninger has chunks of guys like that in his stool.

Denninger and the Dennizens of Ticker forum also think that banks profit from inflation, specifically, the attempted re-flation of the deflating housing market. It's the only way the Too Big To Prosecute Banks & the Bernank can get the garbage mortgages back to the point where they can put them back on their books.

Also, Denninger doesn't believe that he knows what the total June 2011 treasury holdings of China & Japan will be, unlike others who shall not be named...

54 posted on 02/07/2011 7:31:00 AM PST by kiryandil
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To: kiryandil; 1rudeboy; Mase; expat_panama; Rusty0604; Jim 0216; xjcsa; VegasCowboy; 10Ring; ...
Denninger and the Dennizens of Ticker forum also think that banks profit from inflation

My bank recently gave me a 30 year mortgage at 4.75%. Which of the following scenarios is my bank hoping for?

Over the next 30 years, inflation is 0% - 1% annually.

Over the next 30 years, inflation is 5% - 6% annually.

Over the next 30 years, inflation is 10% - 11% annually.

Over the next 30 years, inflation is 15% - 16% annually.

Also, Denninger doesn't believe that he knows what the total June 2011 treasury holdings of China & Japan will be, unlike others who shall not be named...

You mean Robert Wenzel who wrote "Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)"

55 posted on 02/07/2011 9:28:09 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
ToddsterpatrioTroll, your posts aren't worth reading.

Go bother somebody else with your baseless swill & tripe.

56 posted on 02/07/2011 10:19:59 AM PST by kiryandil
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To: Toddsterpatriot
Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)

The key word is 'SOON'. It communicates a prediction that China & Japan will decrease their holdings of Treasuries while the Fed's holdings increase. Sometimes securities strategists predict stuff, and articles are written.

You can debate about the merits of the prediction, but getting caught up in a 'gotcha' on basic addition is pretty disingenuous. Unless you suck at reading comprehension.


57 posted on 02/07/2011 10:56:05 AM PST by servantoftheservant
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To: kiryandil
So, are you agreeing with Toddsterpatriot that banks don't profit from inflation?

It appears that Denninger believes they do. If you agree with Denniger, please explain how they profit.

58 posted on 02/07/2011 11:32:59 AM PST by Mase (Save me from the people who would save me from myself!)
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To: kiryandil
your posts aren't worth reading.

Especially by people who can't add, subtract or multiply.

Why don't you ask your investment advisor how inflation is good for your bond holdings?

Go bother somebody else with your baseless swill & tripe.

Run away, clown.

59 posted on 02/07/2011 11:38:43 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Mase
I wrote before:

Denninger and the Dennizens of Ticker forum also think that banks profit from inflation, specifically, the attempted re-flation of the deflating housing market. It's the only way the Too Big To Prosecute Banks & the Bernank can get the garbage mortgages back to the point where they can put them back on their books.

You understand that the Too Big To Prosecute Banks have a giant smoking hole on their balance sheets where the bad mortgage firsts & the bad HELOC seconds should be, except that the TBTPs arm-twisted CONgress into allowing them to mark-to-fantasy for a while, and that fantasy accounting has now been made permanent?

So, the banks NEED inflation to get the mortgage prices back up where they were during the Housing Bubble, so they can offload the trash to new bagholders. So, inflation is GOOD for bank profits.

I'm a Dennizen of the Ticker forums, BTW.

60 posted on 02/07/2011 11:41:38 AM PST by kiryandil
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