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 ...
Have you been to the grocery store lately? I shop weekly, using coupons, sales, etc to reduce our grocery bill. That box of oatmeal that use to cost .95 at the Navy Commissary was $1.99 last Tue. Prices on most items were up any where from .50 to a $1.00 per item.
Gas just hit $3.05 at the cut rate stations closest to our home.
Yes, a local woodworking school has basic blacksmithing classes every once in a while. I think I’ll sign up next time they offer it.
Good idea, that’ll be a great experience for you! I hope you enjoy it. I enjoyed the woodworking classes I just took and welding (to a lesser degree). I think learning is good for the soul, but I feel a lot better when I hear about bad circumstances. Knowing I can do something more for myself each time I learn a new skill is a very rewarding and satisfying feeling. Best of luck to you!
The original joke was about the “2-minute cook time” being inflated to “4-minutes”. ;-)
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