RE :”
This is what is happening today. September corn is up by 3.6% a bushel, wheat by 34 cents. In July the price of wheat shot up by the highest quantity in the last 50 years: 42 per cent. This in turn will push up prices of pasta, bread and cereals in the near future. Prices set to rise for 12 to 18 months Analysts predict upward trends in wheat, corn, soybeans, bean oil and bean meal and the general feeling is a continued rising trend over the next 12 to 18 months... Russia reports a drop in production of around 20 per cent due to dry weather conditions. Drought has also affected Ukraine (where maximum production is set to reach just 66% of domestic demand) and Kazakhstan, while floods have affected 13 million acres of cereals in Canada and have wiped out a large part of China’s harvest. Germany’s wheat production is ten to twenty per cent down on 2009; in Argentina dry conditions mean that only 80% of the arable land for cereals has been planted. “
Just what the unemployed were looking for high food prices. Expect to see in rise in food stamps use by illegals and Obama sueing states that try to cut them off.
guess this guy was right : Jim Rogers/Asian Financial Forum (World Commodities fundamentals enhanced), January 24, 2009
Some happy news regarding the upcoming famine:
1) H1N1 killed off most would-be starvation victims during the last panic attack.
2) In a pinch, Muslims are a great source of protein.
3) Obesity and famine are never found in the same populace.
4) Oil and wine are forecast to be available right up until the Rapture, possibly longer.
5) Somebody, somewhere will be forced to eat Rosie O'Donnel.
6) Richard Simmons will finally have no reason to sweat to anything.
7) The George Foreman Grill in your closet will become a sought-after fat collector.
8) Zombie movies will become an enjoyable fantasy escape from the daily drudgery of scavenging food among the mindless cannibal hordes roaming around outside.
9) Nobody's wife will look fat in anything.
10) Michelle Obama will have no new proposals involving federalizing your children.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.