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Get ready for another food crisis
Marketwatch ^ | Aug. 20, 2012, 12:02 a.m. EDT | Charles Sizemore

Posted on 08/22/2012 10:54:55 AM PDT by Ernest_at_the_Beach

Edited on 08/22/2012 3:26:33 PM PDT by Admin Moderator. [history]

If the definition of insanity is doing the same thing over and over again and expecting different results, then Congress and the Obama administration must both be stark raving mad.

It was just four years ago that the world found itself facing a food crisis. If you are reading this article, you may very well not remember the food crisis of 2007-2008. By virtue of being a MarketWatch reader, chances are very good that your income was sufficient to cover rising food costs without making any major lifestyle adjustments. But in many poorer countries, the spikes in the cost of basic food staples were enough to cause riots and social unrest, not to mention hardship and misery on those struggling to put bread on the tables. Readers may recall the infamous "Tortilla Riots" in Mexico City, which brought more the 70,000 people to the streets.


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


TOPICS: Business/Economy; Editorial; Foreign Affairs
KEYWORDS: energy; globaleconomy

1 posted on 08/22/2012 10:54:59 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Oh what the hell? EPA likes us burning corn for fuel!

Yes we are that stupid.


2 posted on 08/22/2012 10:59:42 AM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: Ernest_at_the_Beach

For MANY, MANY, MANY, decades we, as Americans, tried to show the world how to grow more food than they could possible eat.

So much food that they could BURN the leftovers to warm their homes, fuel their cars, and STILL have mountains and mountains of leftovers.

They essentially gave us the collective finger.

There is a price to pay for persistent, purposeful and arrogant stupidity.

LET THE BASTARDS STARVE TO DEATH.


3 posted on 08/22/2012 11:02:02 AM PDT by Balding_Eagle (Liberals, at their core, are aggressive & dangerous to everyone around them,)
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To: Ernest_at_the_Beach

Who wants to bet that, instead of doing the smart thing, government’s gonna find a new way to complicate life and institute food rationing? Can’t let a good crisis go to waste, ya know /sarc


4 posted on 08/22/2012 11:06:21 AM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: Balding_Eagle
For MANY, MANY, MANY, decades we, as Americans, tried to show the world how to grow more food than they could possible eat.

And how to not get AIDS and other deadly viruses. And how to dig water wells. And how to dispose of waste. And how to use condoms. And how to...

5 posted on 08/22/2012 11:06:45 AM PDT by bgill
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To: Ernest_at_the_Beach

American central planners are sounding like Soviet central planners. Bad weather is the cause of food shortages. This is a classic example of government interference with the free market causing disastrous results. If ethanol made economic sense, private entrepreneurs would be producing it and selling it. The EPA is stalling American productivity and the Dept. of Energy is Orwellian. It produces no energy but actually inhibits the production of oil and coal.


6 posted on 08/22/2012 11:10:29 AM PDT by allendale
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To: hadaclueonce

No Keystone pipeline, no drilling here or there. Regulations galore and no end in sight. go figure!


7 posted on 08/22/2012 11:12:37 AM PDT by V V Camp Enari 67-68 (Viet Vet)
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To: Ernest_at_the_Beach

Absent some pretty draconian changes in export laws - even if we have abundance*, competition from foreign buyers will necessarily drive prices here at home...

Lots and lots of food that nobody can afford is the same thing as not enough food...

(*I notice that the gaggle of FReeper Posters claiming ‘billions and billions of tons of food reserves stored by the Gummint’ has pretty much disappeared from these threads.. I wonder what happened to the ‘billions and billions’ - mice??)


8 posted on 08/22/2012 11:15:09 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Balding_Eagle

Bravo! Well said.


9 posted on 08/22/2012 11:37:26 AM PDT by FES0844
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To: Ernest_at_the_Beach

Remember, ethanol is not being used as a fuel. It is being used as an additive to satisfy a false notion that burning it with gasoline will help save the planet. The insanity behind this idea is deadly to our way of life.


10 posted on 08/22/2012 11:41:40 AM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: Ernest_at_the_Beach

Fantastic. Now the US is fighting OPEC funded terrorism by not exporting foodstuffs at affordable prices. Let the world point make the connection to Islamic terrorism, the need for bio-fuel to offset Mid-East oil and hunger. Kudos USofA for starving the enemies of America, or at least getting bigger portion of their otherwise disposable income. Once people are reduced to basic survival all the external politics will no longer fuel their instincts.


11 posted on 08/22/2012 12:03:05 PM PDT by Jumper
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To: Jumper

Why fear OPEC when we have a Mooslim in the White House?

Biden is twice as smart as Obammy. How scary is that?

Come on folks, if we do not throw him out, we are screwed.


12 posted on 08/22/2012 12:26:33 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: Balding_Eagle

Yes, but.... we also have inundated the world with “free” crops as foreign aid that had the effect of putting local farmers out of business. Was this really a foreign policy decision? Nope! Just like corn ethanol, sugar tariffs, “free” government cheese, and the real purpose of the food stamp program, it is a gift from politicians to farmers. And if you think Republicans are against this welfare to agriculture, you haven’t been listening to Sen. Grassley (super weasel) and other farm state politicians.

Whenever government intervenes in markets, it leads to disaster.


13 posted on 08/22/2012 1:00:19 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: Ernest_at_the_Beach

Ethanol: the bipartisan effort to starve down overpopulating (see overly visible, irksome) peasants while putting more fuel into authorized commuter jets for political regulators. Our leading constituents—beneficent geniuses—have the situation under control.


14 posted on 08/22/2012 1:07:36 PM PDT by familyop (Duncan Hunter or no-vote.)
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To: hadaclueonce
Oh what the hell? EPA likes us burning corn for fuel!

Sad to say, this is another Bag-O-Crap that is part of the Bush-43 legacy.

It is amazing and depressing to think of how many leftist dreams he brought to reality by his actions, and how many others he made possible by his intentional failure to act.


15 posted on 08/22/2012 2:38:35 PM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: Iron Munro

The Bush “brothers” are not with out sin.

It is time for us to fix the wrong.

I don’t care who we point fingers at.

Just fix it.

Admit it America.


16 posted on 08/22/2012 3:21:50 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: hadaclueonce

when raising my children, I told them, if you know your were wrong, admit it. Learn from it. Don’t do it again.

Our problem, no one will admit when there idea was a total turd.


17 posted on 08/22/2012 3:28:58 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: hadaclueonce

make there, their

I just got email from my English Teacher...lol


18 posted on 08/22/2012 3:32:34 PM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: RWB Patriot
Who wants to bet that, instead of doing the smart thing, government’s gonna find a new way to complicate life and institute food rationing?

Or, equivalently, send free food overseas using US tax money, which would jack up consumer prices here.

19 posted on 08/22/2012 3:33:52 PM PDT by PapaBear3625 (A deep-fried storm is coming, Mr Obama.)
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To: Pining_4_TX

We should NEVER give food to other nations, except in case of natural emergency.

They can either buy it from us, or starve.


20 posted on 08/22/2012 4:11:57 PM PDT by Balding_Eagle (Liberals, at their core, are aggressive & dangerous to everyone around them,)
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To: Ernest_at_the_Beach

http://www.schnittshow.com/cc-common/news/sections/newsarticle.html?feed=104668&article=10363344
was just reading article put up by local talk show guy (url above) 40% of food is wasted at cost to family of 4 of $2275 per year. That is more than my food budget for a family of 3.


21 posted on 08/22/2012 4:36:32 PM PDT by scottteng (Tax government employees til they quit and find something useful to do)
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To: Ernest_at_the_Beach

It doesn’t help that we are rapidly consolidating agriculture into a monopoly or an oligolopoly of two or three huge concerns with all others denied entry into the field. That and infertile Monsanto crops becoming the only crops grown is setting up the world for a famine that includes the First World. When there is only one source it takes only a couple of things to go wrong. When there are many sources disasters get dissipated and are not truly disastrous. Monsanto plus Obamunism in America = rapid population reduction.


22 posted on 08/22/2012 5:42:30 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
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