n e u f n e u f: the food bubble is inflating

24 January 2011

the food bubble is inflating

[click image]

.

Bottom line:

The ministers from 48 countries called on the G-20 nations to “fight the abuse and manipulation of prices” in agricultural markets, according to a joint statement handed out at a press conference in the German capital today. ... “All the member countries in the G-20 have to oppose this price volatility,” Le Maire said in a press conference. “With this text we already have a good starting point.” World food prices rose to a record in December on higher costs for sugar, grain and oilseeds, the United Nations reported Jan. 4. An index of 55 food commodities tracked by the UN’s Food and Agriculture Organization gained for a sixth month to 214.7 points, above the previous high of 213.5 in June 2008. The rising cost of food helped provoke deadly riots this year in Algeria and Tunisia, and at least 13 people died in Mozambique last year in protests against plans to increase bread prices. Surging food prices in 2008 sparked protests and riots in more than 30 countries, including Egypt, Haiti and Cameroon. ...

I hope you don't delude yourself we are being protected from the ravages of this action.

.
love, 99
.

2 comments:

Bluebear21/24/11, 4:35 PM
I hope you don't delude yourself...

Ain't no delusion when I fork over more cash every week!
ReplyDelete
Replies
wimpy1/24/11, 6:37 PM
I hope it only gets to the point where it's merely more cash... as opposed to no food on the shelves. That will hurt the very most. I mean, I for sure can't afford to eat as it is, but at least there's something there for me not to be able to afford....
ReplyDelete
Replies

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

I've never in my life lowered myself to competing in circumlocution with a woman.
—Viktor Yanukovych

Women really are the other half of the sky.
—John Lennon

Those who make peaceful revolution impossible will make violent revolution inevitable.
—John F. Kennedy

The trouble with our liberal friends is not that they are ignorant, it's just that they know so much that isn't so.
—Ronald Reagan

Some of us who have already begun to break the silence of the night have found that the calling to speak is often a vocation of agony, but we must speak. We must speak with all the humility that is appropriate to our limited vision, but we must speak.
—Martin Luther King

We're all fucked. I'm fucked. You're fucked. The whole department is fucked. It's the biggest cock-up ever. We're all completely fucked.
—not uttered by anyone in charge lately

Anyone calling Obama a leftist, liberal, or progressive needs to have the stupid beat out of them.
—Old Uncle Dave

As for the Taliban ... their stated grievance is the same as Gen. Washington’s in our war with the British: If you want this war to end, get out of our country.
—Pat Buchanan

Obama-era drone warfare ... in general looks like Bush-era drone warfare on steroids.
—Scott Horton

There has to be altruism in the universe.
—Frank Drake

The morons in Washington are pushing the envelope of nuclear war. The insane drive for American hegemony threatens life on earth. The American people, by accepting the lies and deceptions of “their” government, are facilitating this outcome.
—Paul Craig Roberts

I am a child of the South. Janet Napolitano tells me I need to be afraid of people who are labeled white supremacists but I was raised around white supremacists. I am not afraid of white supremacists. I am concerned about my own government. The Patriot Act did not come from the white supremacists, it came from the White House and Congress. Citizens United did not come from white supremacists, it came from the Supreme Court.
—Cynthia McKinney

No one has to "marry" anyone else politically; no one has to embrace every tenet or belief that an anti-imperialist ally might hold. You simply have to say: "All of us, regardless of our other views, believe this truth to be self-evident: dismantling the empire will bring immediate and enormous benefits to our nation and to the world."
—Chris Floyd

The power of the people on top depends on the obedience of the people below.
—Howard Zinn

...the government only starts listening to its voters once the more corrupt option turns out to be untenable.
—Matt Taibbi

· One out of seven American homeowners will probably lose their homes by the end of 2010.

· Only 4.7 percent of distressed homeowners who enrolled in the modification plan have gotten any help.

· Out of Obama's $75 billion program, only $2.3 million has been spent—or 0.03 percent.

Obama's performance on the foreclosure crisis—along with unemployment, the biggest problem America faces—makes Bush's laissez faire approach to Hurricane Katrina look caring and loving in comparison. If ever there were a cause for impeachment, look no further.
—Ted Rall

As self-appointed champions of civilisation against barbarism, they fail to see that a certain barbarism is the flipside of civilisation itself, inseparable from its smooth operation. For every cathedral, a pit of bones; for every artistic masterpiece, human wretchedness and back-breaking toil.
—Terry Eagleton

commenting kaos, sidebar krap, quotes

Here at home and throughout the world people are fighting back against the forces of wealth, privilege, and militarism — some because they have no choice, others because they would choose no other course but the one that leads to peace and justice.
—Michael Parenti