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World food prices hit record high
CNN ^ | 2/3/11 | Bryony Jones

Posted on 02/03/2011 10:10:03 PM PST by Kartographer

World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).

The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.

The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.

The cost of sugar, cereals, dairy and oils and fats all went up last month, while meat prices remained steady.

FAO economist Abdolreza Abbassian said high prices were likely to persist in the months to come.

Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: foodprices; foodsupply; inflation; populationcontrol; preparedness
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In the history of man how man look at how many revolution were over food.
1 posted on 02/03/2011 10:10:04 PM PST by Kartographer
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To: blam; FromLori; ChocChipCookie

Ping!


2 posted on 02/03/2011 10:10:48 PM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer

ping


3 posted on 02/03/2011 10:12:12 PM PST by unkus
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To: Kartographer
Companies Stock Up As Commodities Prices Rise
4 posted on 02/03/2011 10:15:41 PM PST by blam
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To: Kartographer
The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.

Obama-flation begins.

.

5 posted on 02/03/2011 10:30:24 PM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Kartographer
Under the Law No Social Security COLA for 2011

CPI: Inflation rate stays uncomfortably low

U.S. bank bailout encourages risky behavior: watchdog

Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011

US bankers set for record pay and bonuses for second year

How Obama turned fat cats into his best friends

DUH!

6 posted on 02/03/2011 10:30:53 PM PST by Errant
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To: Seaplaner
Obama-flation begins.

Soon to be followed by Obama-ration.

7 posted on 02/03/2011 10:31:34 PM PST by Publius
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To: Kartographer
In the history of man how man look at how many revolution were over food.

Cake is still cheap I heard
8 posted on 02/03/2011 10:59:25 PM PST by mewykwistmas ("Politicians are the same all over. They promise to build a bridge even where there is no river. ")
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To: Kartographer

Paging Ben Bernanke! Helicopter Ben, pick up the White Monetary Phone. Uncle Miltie is calling from above!


9 posted on 02/03/2011 11:40:20 PM PST by Uncle Miltie (0bamanomics: Punish Success, Reward Failure. Destroying America is the point.)
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To: Kartographer
Far as i am concerned i feel the US should be charging the middle east 100 dollars a bushel and set the price of corn and wheat even with oil. If the chinese want to eat then they can pay that price too since we can feed the world. Form a cartel with the rest of the mass food producing countries of the world and choke them both down to size. One can survive without oil by adapting but food is hard to get by without and nothing can be substituted for food.
10 posted on 02/03/2011 11:50:02 PM PST by Plumberman27
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To: Kartographer
Time for a reality check. The Islamo-Marxist revolutionaries will reap the whirlwind they are sowing.
11 posted on 02/03/2011 11:57:53 PM PST by Armaggedon
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To: Kartographer

We are putting the corn in our cars to help ruin our engines.


12 posted on 02/04/2011 12:37:19 AM PST by screaminsunshine (Surfers Rule)
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To: Kartographer

Controlling the global obesity epidemic
http://www.who.int/nutrition/topics/obesity/en/index.html

Starving people revolt; obese people are revolting.


13 posted on 02/04/2011 2:04:54 AM PST by Tread EZ (God bless you and yours)
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To: Kartographer
Could the increasse in the money supply have anythging to do with higher food prices? /s

Photobucket

14 posted on 02/04/2011 2:20:08 AM PST by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: Kartographer
Fat and happy people usually don't rise up.

What is funny to me is that most of the protesters in Egypt are heavier than in years past.

15 posted on 02/04/2011 5:16:09 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Uncle Miltie

Look Uncle Miltie he picked up the phone

Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)
No wonder Geithner called in all the Treasury secretaries for a dinner meeting this past Sunday.

The Federal Reserve has surpassed China as the leading holder of US Treasury securities even though it has yet to reach the halfway mark in its latest round of quantitative easing, according to official figures.

Based on weekly data released on Thursday, the New York Fed’s holdings of Treasuries in its System Open Market Account, known as Soma, total $1,108bn, made up of bills, notes, bonds and Treasury Inflation Protected Securities, or Tips, reports FT.

According to the most recent US Treasury data on foreign holders of US government paper, China holds $896bn and Japan owns $877bn.

And get this. “By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely tobe in the vicinity of China and Japan’s combined holdings,” Richard Gilhooly, a strategist at TD Securities, told FT.

I hope you are ready for inflation. This is not going to stop anytime soon. Remember, Social Security, which used to buy up to 25% of all Treasury securities is now a net liquidator of them. If not the Fed, then who is going to buy this paper?

We are headed into an extremely dangerous inflationary period

http://www.economicpolicyjournal.com/2011/02/fed-passes-china-in-treasury-holdings.html


16 posted on 02/04/2011 8:31:33 AM PST by FromLori (FromLori">)
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To: Errant

Those fat cats have been friends of his for years

Barack’s Wall Street Problem is Now America’s

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html


17 posted on 02/04/2011 8:34:13 AM PST by FromLori (FromLori">)
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To: Kartographer

18 posted on 02/04/2011 8:38:08 AM PST by dfwgator
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To: FromLori

I started getting ready for inflation in November, 2008, when it became clear that the Federal response to an economic emergency would be the profligate printing of dollars.

I’m in gold, oil, foreign stocks and bonds (unhedged), REITs, regular stocks (can increase retail prices as necessary), TIPS and short term bonds.

That’s as good as I can do without doing crazy stuff.

Plus, I’m literally buying dirt. And seeds. And guns.


19 posted on 02/04/2011 8:38:26 AM PST by Uncle Miltie (0bamanomics: Punish Success, Reward Failure. Destroying America is the point.)
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To: Uncle Miltie

Sounds like your on top of it glad to hear that. Our dollar is being devalued daily and things are only going to get worse.


20 posted on 02/04/2011 8:53:34 AM PST by FromLori (FromLori">)
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To: FromLori
Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)

Only in Lori-world, where 1600 is greater than 1773.

21 posted on 02/04/2011 3:05:45 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Did you get a fed troll avatar yet?

Fed passes China in Treasury holdings

http://www.ft.com/cms/s/0/120372fc-2e48-11e0-8733-00144feabdc0.html#axzz1D0a2Rtlb


22 posted on 02/04/2011 4:38:26 PM PST by FromLori (FromLori">)
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To: FromLori
Did you get a fed troll avatar yet?


Today is a good day to die.
I didn't say for whom.

23 posted on 02/04/2011 4:42:17 PM PST by The Comedian (It's 3am all over the planet, and nobody's been answering the phone since 2008.)
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To: FromLori
Did you get a fed troll avatar yet?

No, just your picture.

Fed passes China in Treasury holdings

Congrats, you figured out that 1108 is larger than than 896. When you figure out that 1600 is smaller than 1773, let me know.

24 posted on 02/04/2011 4:42:32 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Timmy we're on to you
25 posted on 02/04/2011 4:49:20 PM PST by FromLori (FromLori">)
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To: FromLori

Timmy has his own math shortfalls, are you two related?


26 posted on 02/04/2011 4:56:26 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Every day same crap Timmy told you people on here are on to you and your backing of the obama supporting banks and the Marxist fed.


27 posted on 02/04/2011 5:06:52 PM PST by FromLori (FromLori">)
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To: FromLori
Sorry, I don't back Obama or Timmy.

Let me know if those words were too big for you to understand.

Stop posting bad info and I'll stop pointing out your bad info.

28 posted on 02/04/2011 5:09:13 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Sure you do you come on every post and defend everything the big banks that paid off obama does.

And in your mind only is anyone posting bad information you selectively read what you want to hear and then call it bad.

Your nothing but a troll.


29 posted on 02/04/2011 5:18:18 PM PST by FromLori (FromLori">)
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To: FromLori
Sure you do you come on every post and defend everything the big banks that paid off obama does.

Who was I defending when I showed you that 1600 is less than 1773?

Your nothing but a troll.

If you say so, noob.

30 posted on 02/04/2011 5:20:14 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

You know perfectly well thread after thread you appear like the troll you are and repeatedly spin the same crap. Your a LIAR the article you are referring to you are purposely distorting. I never said any of the things you claim. Your just a pain and many on site have told you so. Now I’m telling you so. Show me troll where I said 1600is less then 1773 put up or shut up.

This is the article you immediately tried to cause problems with and your an outright liar people can go through your posts and see that for themselves.

Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)

http://www.freerepublic.com/focus/news/2668104/posts?page=37


31 posted on 02/04/2011 5:32:05 PM PST by FromLori (FromLori">)
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To: FromLori
I never said any of the things you claim.

Really?

Show me troll where I said 1600is less then 1773 put up or shut up.

No, no, no. You said 1600 is more than 1773. You are wrong.

Fed Passes China in Treasury Holdings (Soon Fed will hold more than China and Japan Combined)

That's where your most recent math error occurred.

According to the most recent US Treasury data on foreign holders of US government paper, China holds $896bn and Japan owns $877bn.

See those numbers? 877 + 896 = 1773.

And get this. "By June [the Fed] will have accumulated some $1,600bn of Treasury securities

See that number? Now check this out, 1600 (Fed ownership by June) is less than China and Japan combined (1773).

Do you understand English and math? Do you see how stupid you've sounded since I first pointed out your innumeracy?

32 posted on 02/04/2011 5:39:31 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

Put up or shut up there’s the post troll lol you can’t.


33 posted on 02/04/2011 5:40:44 PM PST by FromLori (FromLori">)
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To: Kartographer

Just keep turning food farms into windmill farms and burning food in cars - so that greenies can feeeeeel good about themselves based on junk science etc. etc. etc.


34 posted on 02/04/2011 5:43:20 PM PST by Let's Roll (Save the world's best healthcare - REPEAL, DEFUND Obamacare!)
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To: Kartographer
In the history of man how man look at how many revolution were over food.

Translation?

35 posted on 02/04/2011 5:46:33 PM PST by Hot Tabasco (Oh Magoo, you've done it again.....)
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To: FromLori

So you can’t read or add two numbers. Wow.


36 posted on 02/04/2011 5:46:41 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

See your nothing but a pain and a LIAR I never said what you claim look other’s told me you have problems and that’s obvious but I’ve had enough of your lies. Go bother some one else.


37 posted on 02/04/2011 5:52:30 PM PST by FromLori (FromLori">)
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To: FromLori
I never said what you claim

You posted the article with the claim in the title and I corrected the claim.

Are you saying you agree with me that the article was in error?

38 posted on 02/04/2011 5:55:27 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

No I’m saying your a LIAR you’ve lied and distorted the entire article and you claimed I made statements I never made. Like I said go bother someone else you are now PROVEN to be a liar for all to see and I’m sick of your constant harassment. You continually make up things and claim people said them you need help.


39 posted on 02/04/2011 5:59:48 PM PST by FromLori (FromLori">)
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To: FromLori
distorted the entire article

Did I distort the bad math in the article? Do you agree with the article's math or mine? Don't run away, you can tell me.

Like I said go bother someone else

Stop posting articles with errors in them and I'll stop pointing out the errors.

40 posted on 02/04/2011 6:02:24 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

You LIED now everyone can see how you are. Your constant harassment will do you no good. I’m beginning to wonder if your dangerous instead of just a pain.


41 posted on 02/04/2011 6:07:32 PM PST by FromLori (FromLori">)
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To: FromLori
Yeah, The Mighty Todd is trolling.

“By June [the Fed] will have accumulated some $1,600bn of Treasury securities, likely tobe in the vicinity of China and Japan’s combined holdings,” Richard Gilhooly, a strategist at TD Securities, told FT.

As we can see from this, the Mighty Todd's "math" ASSumes that China and/or Japan will NOT reduce their holdings while the US is increasing theirs over the course of the next 4-5 months. **snicker**

Don't bother with him, he likes to King of the FR economic sandbox, and is askeert of the places like Zero Hedge and the Ticker forums where he get schooled right quick.

42 posted on 02/04/2011 8:09:16 PM PST by kiryandil
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To: Toddsterpatriot
Now check this out, 1600 (Fed ownership by June) is less than China and Japan combined (1773).

So, you know for a fact that in June, China and Japan combined will have 1773bn of Treasury securities?

You should trade that knowledge. It's like being able to know the winner of the Super Bowl this Sunday. You'll be able to make a killing...

43 posted on 02/04/2011 8:14:27 PM PST by kiryandil
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To: kiryandil
So, you know for a fact that in June, China and Japan combined will have 1773bn of Treasury securities?

No. Do you know for a fact that 1773 is larger than 1600?

44 posted on 02/04/2011 8:17:11 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

I get it - you’re a joke.


45 posted on 02/04/2011 8:19:21 PM PST by kiryandil
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To: kiryandil
and is askeert of the places like Zero Hedge and the Ticker forums

If the link you posted earlier is an example of the typical post on Ticker Forum, you're right, I'm scared of the idiocy.

46 posted on 02/04/2011 8:19:44 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: FromLori
As we can see, the Toddsterpatriotroll refuse to admit his error in projecting the current Treasury holdings of China & Japan as being the June Treasury holdings of China & Japan.

Which means that he feels that he knows the future.

Which means that he either DOES know the future, or he's a troll.

47 posted on 02/04/2011 8:22:24 PM PST by kiryandil
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To: Errant
Under the Law No Social Security COLA for 2011

The Obama Administration did a study - found that seniors don't eat food like other humans - they take sustenance from the air... Higher food prices won't effect them.

48 posted on 02/04/2011 8:26:01 PM PST by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php - World Disaster Map)
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To: Toddsterpatriot
If the link you posted earlier is an example of the typical post on Ticker Forum, you're right, I'm scared of the idiocy.

Translation: little Toddsterpatriotroll is comfortable in his safe little FR sandbox.

Come on, ToddTroll - go dazzle 'em with your brilliance. You should have 'em schooled about how "banks don't profit from inflation" and how "banks aren't getting a benefit from having cash instead of bonds which paid interest" in just a few minutes.

49 posted on 02/04/2011 8:27:45 PM PST by kiryandil
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To: Toddsterpatriot

You need to lighten up a bit.


50 posted on 02/04/2011 9:46:08 PM PST by blam
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