Posted on 02/19/2011 6:13:52 AM PST by HangnJudge
Forget stocks, the real crisis is coming… and it’s coming fast.
Indeed, it first hit in 2008 though it was almost entirely off the radar of the American public. While all eyes were glued to the carnage in the stock market and brokerage account balances, a far more serious crisis began to unfold rocking 30 countries around the globe.
I’m talking about food shortages.
Aside from a few rice shortages that were induced by export restrictions in Asia, food received little or no coverage from the financial media in 2008. Yet, food shortages started riots in over 30 countries worldwide. In Egypt people were actually stabbing each other while standing in line for bread. We’re now seeing the second round of this disaster occurring in Egypt and other Arab countries today. Thanks to the Fed’s funny money policies, food prices have hit records. And even the Fed’s phony measures show that vegetable prices are up 13%! The developed world, most notably the US, has been relatively immune to these developments… so far. But for much of the developing world, in which food and basic expenses consumer 50% of incomes, any rise in food prices can have catastrophic consequences. And that’s not to say that food shortages can’t hit the developed world either. According to Mark McLoran of Agro-Terra, the Earth’s population is currently growing by 70-80 million people per year. Between 2000 and 2012, the earth’s population will jump from six billion to seven billion. We’re expected to add another billion people by 2024. So demanding for food is growing… and it’s growing fast.
(Excerpt) Read more at zerohedge.com ...
This is an absolute recipe for disaster.
All I can say is, I guess my employment in the Ag sector is secure.
the Fed’s phony measures show that vegetable prices are up 13%!
Let’s cut to the chase - what’s the impact on Kobe Beef prices?
people will be outside grazing on their lawns.
Don’t we pay farmers to NOT grow crops?
The first and hardest hit will be those countries in which large numbers of humans are living on a few dollars a day. They will be the canaries in the coal mine.
Many countries around the world can choose to invest in agriculture or weapons, and they choose weapons. I don’t like the food grown for fuel idea, but a lot of the blame should not fall on us.
Is that solyut green.?
Or the absolute recipe for some profits.
I'll be standing guard on my blackberry bushes and apple trees.
And aragula. Don't forget aragula.
Maybe some truth but a fair amount of BS or at least fast-and-loose here.
Corn for one. Here is hard data showing US corn production has been increasing significantly year-over-year and has reached record levels:
http://www.ncga.com/corn-production-trends
Some has been driven by ethanol, sure. But that corn could be diverted to food instead, the point is we are producing it already. No shortage.
Whenever some blogger trying to pimp his website and/or book and/or newsletter claims there’s “reduced production” and “decade low inventories” without any proof, it becomes accepted as fact (?)
There is never food shortage, there is lack of transport
Don't forget arugula...
Glenn Beck has been talking about this for months.
Hey a shipment of food is coming in next Tuesday. Lets go camp out in line.
prophetic?
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