Maybe we can buy back America with bottles of water.
guess they’ll hafta sell some of their gold to buy food.
they’re blaming weather for high food prices, when its inflation that is the cause. Their Central Bank need to stop printing money
By Howard Schneider
Tuesday, February 8, 2011; 10:52 PM
A record drought in China's major wheat-producing areas threatens to push world food prices beyond their current high level, the United Nations warned in a report Tuesday, adding to growing concern about how the rising cost of food is affecting the poor around the globe.
China, the world's largest wheat producer, consumes almost all of what it grows and keeps roughly 55 million tons in reserve. But the prospect of a failed winter wheat crop might prompt the country to import grain on a scale that could put further stress on world prices, the U.N. Food and Agriculture Organization warned.
The FAO's world food price index, a composite indicator of the cost of a basket of goods, is at its highest level since it was introduced in 1990. Wheat prices have roughly doubled since mid-2010, according to International Monetary Fund data.
[snip]
I’m all smiles....!!!!!!!!!!!
MAP OF THE DAY: If You Had Any Doubt About The Importance Of The Suez Canal...
Read more: http://www.businessinsider.com/suez-canal-shipping-asian-europe-2011-2#ixzz1DQrEKo9T
Hungry nations are desperate nations.
Ping.
This is scary....because Communist China is now the biggest Ag producer on the planet...even though they have little arable land (6-7% arable land)
You think food riots are bad now....it will get worse if the Communist Chinese drought continues.
Of course, it was the brillant (/sarc) idea of Free Trade Communists, who support Free Trade with Communist China...to make Communist China the worlds top Ag producer. The US now gets a large percentage of its food products from Communist China...when the US previously was self-supporting with food (now has to import).
Hey, China. We’ll send you food and water if you promise to lend us another $10 trillion.
Maybe Al Gore should head over to China with his snake oil.