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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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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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