Beb Bernanke sure picked a lousy time to implement QE2
ping
Soon to be followed by QE 3. This is really gonna make food prices skyrocket.
wheat for oil
wheat for cancellation of indebtedness
super tariff on wheat exports for U.S.
I wonder how the Free Trade Communists, who blindly support Free Trade with Communist China...are going to spin this one.
Probably one of the dumbest ideas pushed by the Free Trader Communist Globalists was to shift so much of the planet’s Agri production to Communist China....and allow the Communist Chinese to ship their food products to the US and around the world
In the USA, a Communist Chinese drought would drive up food prices...as so much of our food stuffs and food prep ingredients come from Communist China. It was the brillant (/sarc) idea of the Free Trader Communist Globalists to move the USA from being 100% self-sustaining in food production....to being now dependent on imports
At least the USA will not suffer as much as some other nations...who have basically abandoned their domestic Agri production and now rely solely on Communist Chinese food supplies. You think the food-based riots in Tunisia and Egypt are bad....wait until the Communist Chinese cannot supply the Third World with any food!
The idiot ideas of Free Trader Communist Globalists are finally being totally exposed. Instead of letting Third Worlders die of starvation....this may be a good time for many nations to start trying and executing Free Traders for treason and sedition. No sense feeding stupidity
The farmers here will be happy, and it's not like the ChiComs care (SANGVIS FLVAT - let the blood flow; sorry, I only know the Latin, not the Chinese). On the other hand, Bernanke is desperately trying to keep the five largest banks from collapsing under the housing bubble by (re)inflation. Crop failures and stagflation: I swear I hit my head and woke up in 1979 again.