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The Real Crisis That Will Soon Hit the US
ZeroHedge ^ | 2/18/11 | Phoenix Capital Research

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 ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: collapse; doommonger; famine
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Make no mistake, agriculture is at the beginning of a major multi-year bull market. We’ve got rapidly growing demand, reduced production, and decade low inventories.  

This is an absolute recipe for disaster.

1 posted on 02/19/2011 6:13:55 AM PST by HangnJudge
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To: HangnJudge

All I can say is, I guess my employment in the Ag sector is secure.


2 posted on 02/19/2011 6:16:38 AM PST by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: HangnJudge

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?


3 posted on 02/19/2011 6:18:18 AM PST by bigbob (-)
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To: Just another Joe

people will be outside grazing on their lawns.


4 posted on 02/19/2011 6:18:29 AM PST by television is just wrong
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To: HangnJudge

Don’t we pay farmers to NOT grow crops?


5 posted on 02/19/2011 6:19:51 AM PST by ILS21R ("Every night before I go to sleep, I think who would throw stones at me?", she said)
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To: HangnJudge

6 posted on 02/19/2011 6:20:28 AM PST by martin_fierro (< |:)~)
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To: HangnJudge

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.


7 posted on 02/19/2011 6:20:34 AM PST by SonOfDarkSkies ('And what rough beast, its hour come round at last, slouches towards Bethlehem to be born?' Yeats)
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To: HangnJudge

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.


8 posted on 02/19/2011 6:21:44 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: martin_fierro

Is that solyut green.?


9 posted on 02/19/2011 6:22:25 AM PST by spokeshave (WTF....the only thing 0bambi's investments will get us is a bullet train to bankruptcy.)
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To: HangnJudge
I guess I should buy more MOO.
10 posted on 02/19/2011 6:22:25 AM PST by Huck (one per-center)
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To: HangnJudge
This is an absolute recipe for disaster.

Or the absolute recipe for some profits.

11 posted on 02/19/2011 6:22:29 AM PST by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: television is just wrong
people will be outside grazing on their lawns.

I'll be standing guard on my blackberry bushes and apple trees.

12 posted on 02/19/2011 6:22:52 AM PST by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: bigbob
Let’s cut to the chase - what’s the impact on Kobe Beef prices?

And aragula. Don't forget aragula.

13 posted on 02/19/2011 6:22:55 AM PST by ExpatCanuck
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To: HangnJudge
All we need is a bit more bad weather (Spring flooding already predicted for much of the US Wheat Belt) and for the price of oil to skyrocket and for many the situation will easily upgrade a from plain disaster to one of Biblical proportions.
14 posted on 02/19/2011 6:24:10 AM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: HangnJudge

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 (?)


15 posted on 02/19/2011 6:24:48 AM PST by bigbob (-)
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To: HangnJudge

There is never food shortage, there is lack of transport


16 posted on 02/19/2011 6:25:30 AM PST by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: bigbob
Let’s cut to the chase - what’s the impact on Kobe Beef prices?

Don't forget arugula...

17 posted on 02/19/2011 6:26:08 AM PST by Night Hides Not (If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
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To: HangnJudge

Glenn Beck has been talking about this for months.


18 posted on 02/19/2011 6:27:20 AM PST by Joann37
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To: HangnJudge

Hey a shipment of food is coming in next Tuesday. Lets go camp out in line.


19 posted on 02/19/2011 6:28:25 AM PST by screaminsunshine (34 States)
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To: Kartographer
All we need is a bit more bad weather (Spring flooding already predicted for much of the US Wheat Belt) and for the price of oil to skyrocket and for many the situation will easily upgrade a from plain disaster to one of Biblical proportions

prophetic?

20 posted on 02/19/2011 6:28:43 AM PST by HangnJudge
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To: HangnJudge

I hate the idea of good cropland being wasted to grow feed corn for ethanol. The proper use of farmland is to grow sweet corn to make fine bourbon.


21 posted on 02/19/2011 6:29:00 AM PST by Big Bronson
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To: Huck
"I guess I should buy more MOO."

How's that going to help?

22 posted on 02/19/2011 6:29:42 AM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: HangnJudge

Buy Gold commercials on FR ???


23 posted on 02/19/2011 6:29:56 AM PST by mike_9958
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To: HangnJudge

I would not be surprised to see this current regime promoting food shortages as a way to control the population through food rationing.

Which would also fit in nicely with the war on obesity—if this regime thinks people can’t be trusted to feed themselves properly, it would be quite happy to force them to.


24 posted on 02/19/2011 6:32:58 AM PST by Loyalist (Let them eat wagyu beef!)
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To: Joann37
Glenn Beck has been talking about this for months.

I've been telling anyone who will listen this, since 2008

25 posted on 02/19/2011 6:33:44 AM PST by HangnJudge
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To: ILS21R

Yes we do. My wife inherited a farm recently and we had to go to the local federal farm office to deal with that. The Feds have had a program for years that pay you to not grow anything. 10 or 15 years ago they wouldn’t let you keep the ground mowed or anything. Now after 15 years of trees growing that couldn’t be legally cut they say that you have to cut the trees to stay in the program!

There are also other programs that pay farmers or subsidize them to some extent. I was told that the program paying you not to grow was originally based on the theory that letting some ground lay fallow was stopping erosion and that benefited the public at large. Now they want the trees cut down to promote wildlife. “Meet the new boss, same as the old boss.”

I guess that since the depression there have been more bad years than good years for farmers and that is why these programs,as unconstitutional as they are, have stuck around.


26 posted on 02/19/2011 6:34:28 AM PST by Controlling Legal Authority
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To: HangnJudge
prophetic?

No I would call it merely a prudent observation.

A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.
Proverbs 27:12
27 posted on 02/19/2011 6:34:56 AM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: HangnJudge

When I went to the Navy Commissary last Tue the box of 2 min oatmeal I usually purchase for 95 cents was $1.99.


28 posted on 02/19/2011 6:37:32 AM PST by GailA (2012 rally cry DEMOCRATS and RINOS are BAD for the USA!)
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To: ILS21R

I sure don’t think so that was a Reagan era program but it would be great if someone did the research and let us all know.

I know there is a program that takes marginal land out of production, the owner gets an average of $40 per acre and it has to be seeded to a natural state and is basically an environmental program.


29 posted on 02/19/2011 6:38:38 AM PST by tiki
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To: HangnJudge

Should trends continue, 2012 may well feature a War against American kulaks, who are obviously hoarding their corn against the needs of the People!

If the President’s New Economic Policy doesn’t work, it must be because of greedy farmers and capitalist wreckers!

/progressive party line


30 posted on 02/19/2011 6:39:46 AM PST by headsonpikes (Genocide is the highest sacrament of socialism - "Who-whom?")
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To: bert

“There is never food shortage, there is lack of transport”

That and looting warlords making off with it at all the points of entry.


31 posted on 02/19/2011 6:40:05 AM PST by Big Bronson
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To: HangnJudge

Six weeks ago I was buying green beans for $.99 - 1.25 per pound. Last week they were 2.99. My grocer currently has NO green veggies on sale.


32 posted on 02/19/2011 6:40:39 AM PST by Poison Pill
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To: bigbob

Agree bigbob. I listen to the farm reports not every day, but often. They are often complaining about an abundance, and a lack of new markets overseas. I don’t think we have a food shortage problem at all.

Transporting the food could become more expensive but not a shortage of the food itself.


33 posted on 02/19/2011 6:42:00 AM PST by Big Giant Head (Two years no AV, no viruses, computer runs great!)
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To: mike_9958
Buy Gold commercials on FR ???

there are gold bug links on that site, but that's not the point
But if I was a teenager, I would be studying

farming techniques
Small animal husbandry
Frontier medicine

34 posted on 02/19/2011 6:42:19 AM PST by HangnJudge
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To: HangnJudge

Withou illegal immigration, the US is not part of the growing world population. We are just stable.

And the reduction of the US agriculture output was accomplished by...the Rockefeller wing of the republican party in the 50s, 60s, and 70s. Not all socialists are in the democrat party.

Eliminating ethonol subsidies is a good opening move to restoring agriculture.


35 posted on 02/19/2011 6:42:34 AM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.8)
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To: SonOfDarkSkies

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.

Think Egypt...


36 posted on 02/19/2011 6:44:11 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: bigbob
Lets cut to the chase - whats the impact on Kobe Beef prices?***
How will I get along without my Condor Egg Omlets?
37 posted on 02/19/2011 6:45:24 AM PST by Don@VB (Power Corrupts)
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To: bigbob

People love to cry about Monsanto and I’ve done my fair share of it but their seeds have doubled yields.


38 posted on 02/19/2011 6:45:28 AM PST by tiki
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To: MrEdd
Eliminating ethonol subsidies is a good opening move to restoring agriculture

Agree...

39 posted on 02/19/2011 6:45:47 AM PST by HangnJudge
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To: ILS21R
Don’t we pay farmers to NOT grow crops?

Recently we dealt the Chi-Coms tons and tons of soy beans. It got me wondering if we are going to pay our debt to them in food.

40 posted on 02/19/2011 6:46:06 AM PST by Poison Pill
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To: HangnJudge

But if I was a teenager, I would be studying

farming techniques
Small animal husbandry
Frontier medicine

Making and using hand tools...


41 posted on 02/19/2011 6:48:02 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: bert
there is lack of transport

With the Baltic Dry Index trading near its lows, that is simply not the case.

42 posted on 02/19/2011 6:48:02 AM PST by AndyJackson
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To: bert

Yes, any product has to get to market and that adds a lot, especially wheat, cotton, corn and those products that have to be further processed and every step costs more because of the price of oil.


43 posted on 02/19/2011 6:48:40 AM PST by tiki
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To: HangnJudge

so what is the solution??? if you are fubo, you shut off the water to the central california valley to save some damn litte snail darter kind of fish....have you tried to buy celery lately??? I give you one guess as to why it is fast becoming a rare commodity...


44 posted on 02/19/2011 6:52:42 AM PST by joe fonebone (The House has oversight of the Judiciary...why are the rogue judges not being impeached?)
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To: AndyJackson

Think Darfur, Zimbabwe, North Korea


45 posted on 02/19/2011 6:54:03 AM PST by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: bert
There is never food shortage, there is lack of transport

Haiti?
It was, at one time, independently sustaining in rice production
It is now a basket case, some say due to "transport"

http://www1.american.edu/TED/haitirice.htm

46 posted on 02/19/2011 6:56:31 AM PST by HangnJudge
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To: Poison Pill; All

I still have to pay 25 cents a can for premium vegetables at my local discount store. Of course, those canned vegetables only stay good for 5-10 years, depending on what temperature you store them at.

I am lucky to have these discount stores in the Yuma area. It decreases my cost of living considerably. I think most of them come from California stores, where if they have a slight dent or are overstocked.


47 posted on 02/19/2011 6:56:40 AM PST by marktwain
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To: HangnJudge

I still have the rice & beans I bought for the 2008 famine.


48 posted on 02/19/2011 6:57:18 AM PST by blam
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To: marktwain
“where if they have a slight dent or are overstocked.’

Should have been: “where if they have a slight dent or are overstocked, they ship them to us for ridiculously low prices.”

49 posted on 02/19/2011 6:59:22 AM PST by marktwain
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To: joe fonebone
so what is the solution??? if you are fubo, you shut off the water to the central california valley to save some damn litte snail darter kind of fish....

The Californian policy makers are psychotic and sadistic

50 posted on 02/19/2011 7:01:31 AM PST by HangnJudge
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