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Saturday, February 19, 2011

The Food Crisis -- February 19, 2011

Prologue - The following video can look scary if you don't have a clue about what is going on in the world related to the devaluation of our currency by the Federal Reserve and the domino effect of implications that this is having on the world stage.

We are in a period of extreme economic instability which has roots in issues that should have been dealt with long ago. It is time to prepare for this instability by building cushions. If we have more local food production and consumption options, then it will reduce the costs associated with the world wide network of food transportation and reduce the anxieties that we are seeing in other parts of the world. I think that people need look into buying food through local farmers and learn how to grow food in their yards and through container gardening.

People need to become more efficient with their resources during these times. Just think what that additional savings can me in a crunch and it is healthier in a number of ways -- Peace be with you!

Prices of Commodities at all time nominal highs include Arabica Coffee, Sugar, Beef, Wheat, and Cotton.

Cotton futures surge 12-fold in 6 months as prices hit peaks - Daily News & Analysis - Amritha Pillay - 2/18/2011

Beef industry battling grain prices, ethanol production - - ‎Feb 14, 2011‎

Arabica coffee close to 30-year peak - Financial Times - 2/18/2011

Grain prices surge Thursday - - - ‎Feb 17, 2011‎

Uncertainty Over Supplies May Keep Sugar Price Volatile - Daily Markets - ‎Feb 11, 2011‎

Desperate people will do desperate things!
Food price rises bring risk of new riots-France - (Reuters) - 2/17/2011 - France's agriculture minister warned the United Nations on Thursday that food riots like those of three years ago could break out around the world because of steep rises in food prices. ...

Food Riots Threaten Latin America on Surging Commodities in UN Assessment - Bloomberg - Nicholas Larkin - ‎Feb 16, 2011‎

Food prices push millions into poverty - Washington Post - Howard Schneider - ‎Feb 15, 2011‎ - Rising food prices pushed tens of millions of people into extreme poverty last year and are reaching "dangerous levels" in some countries, World Bank President Robert Zoellick said Tuesday as he released new data showing that the ...

Rising global food prices an 'extreme poverty' crisis
- Washington Times - Josh Brown - ‎Feb 15, 2011‎ - Skyrocketing global food prices have pulled more than 40 million people into “extreme poverty” and have almost reached the levels of June 2008, when the world was rocked by food riots. “The Bank's Food Price Index shows food prices are ...

1 comment:

Silence DoGood said...

About 3 weeks ago, I say a snippet about freeze dried food being unavailable due to high demand. Oregon Freeze Dried, the largest such company in the world, had run low on their inventory of foodstuffs in #10 cans. Debate raged initially that the inventory was being bought up by 'government'. It was denied and alternatively confirmed by differing people as to who was procuring the stock. Shortages were projected to last through mid March. Now, the company has altered that view and it could be as late as September until quantities are projected to be adequately available once again. So what that tells me is, people, governments, organizations of some persuasion, are stocking up on food that has a shelf life of 10-20 years and doing it in a hurry. World events are feeding this frenzy better than any deliberate business plan could, but it does give one pause to consider that something unfathomable is lurking around the corner.