I agree speculation is contributing a lot to the sky rocketing commodity prices around the globe, but no one will admit to that, just like 150 oil a few years back....Speculation and greed are pushing this economy into yet another collapse, thats all this economy knows, there is no such thing as organic growth left in the economy its all done through greed, speculation, stimulus, and trillions in monopoly money. Bubble ben bernanke trillions and QE1 & QE2 have also played a very heavy roll in skyrocketing commodities.
Funny thing about Bubble ben bernanke is that he is opening up his mouth way to early, just because the spx has doubled everyone feels like he did something right, the only thing he did was create another ever widening gap between the rich and the poor, poverty levels are at new highs with nearly 50,000,000 on food stamps and some type of government handout. He didnt save anything and that truth will be shown in years to come after the next economic collapse shows once again!!!!!
See... Someone is reading the newspapers at least... We have an innovator though, he wants to ban short sale in order to stop price increase... Commodity prices are perhaps very high compared to 2000-2004 but they are barely 1.5 times what they were in the early 80s and retail food product prices have been multiplied by 5 or so in the meantime. Not sure the speculator has the lion share in this.
How else can you explain the oil price dropping from $147 to $32 dollars in 6 months? Demand did not drop that much, so what else can it be other than speculation? If we ban the speculation, Goldman Sachs will bankrupt and humanity will be saved If not, hot girls, expensive cars and houses and corruption will prevail just like now
Get your nose out of Bernancke's ass kid. You side or defend entities that have done so much wrong and yet you spew this shit. You need an ass whoopin'
Chopper Ben hinted ever so lightly today the "I" (inflation) word. Where has this guy been recently? Unreal! Guess someone else buys his groceries... Oh that's right, we do. Grrr!
World people consume/eat 4.4 billion Tons food per year, equivalent/equal to weight of 8,800 world trade center buildings (WTC 9/11) http://www.elitetrader.com/vb/showthread.php?s=&threadid=215964
The Price of Food is at The Heart of This Wave of Revolutions! âThe power of accurate observation is commonly called cynicism by those who have not got it.â â George Bernard Shaw The rising worldwide famine is pre-planned by the Illuminist banksters. Ben Bernanke knows what he is doing. He denies his guilt in causing commodity price inflation. He is a liar, the CEO of the largest and most powerful Illuminist privately owned central bank in the world: the FedRes. Those of us who are awake and aware know what is coming. Global revolutions leading to world war. The middle east and north Africa turmoil are engineered to lead to something worse not better. It will result in a Greater Middle East War: Zionist Israel vs Muslim World. The rest of the world will follow in a World War 3. Illuminist intelligence agencies are fomenting chaos, uprisings and unrest throughout the world. The Independent UK: The price of food is at the heart of this wave of revolutions No one saw the uprisings coming, but their deeper cause isnât hard to fathom Revolution is breaking out all over. As Gaddafi marshals his thugs and mercenaries for a last-ditch fight in Tripoli, several died as protests grew more serious in Iraq. Saudi Arabiaâs King Abdullah tried to bribe his people into docility by splashing out $35bn on housing, social services and education. Across the water in Bahrain the release of political prisoners failed to staunch the uprising. In Iran, President Ahmadinejad crowed about chaos in the Arab world, but said nothing about the seething anger in his own backyard; in Yemen, the opposition gathers strength daily. And itâs not just the Middle East. This is an African crisis: Tunisia, where it started, is an African country, and last week in Senegal, a desperate army veteran died after setting fire to himself in front of the presidential palace, emulating Mohamed Bouazizi, the market trader whose self-immolation sparked the revolution in Tunisia. Meanwhile, the spirit of revolt has already leapt like a forest fire to half a dozen other ill-governed African nations, with serious disturbances reported in Mauritania, Gabon, Cameroon and Zimbabwe. Nowhere is immune: dozens of activists in China are in detention or under other forms of surveillance, and the LinkedIn network was shut down as authorities seek to stamp out Middle East-style protests there. In what is arguably the most repressive state on the planet, North Korea, the army was called out and five died in the northern city of Sinuiju after violent protests erupted there and in two other cities. The generals who rule Burma under a trashy façade of constitutional government were keeping a close eye on the Middle East, ready to lock up Aung San Suu Kyi again at the first sign of copycat disturbances. Nowhere is immune to this wave of rebellion because globalisation is a fact; all the worldâs markets are intricately interlinked, and woe in one place quickly translates into fury in another. Twenty years ago, things were more manageable. When grain production collapsed in the Soviet Union during the 1980s and what had been one of the worldâs greatest grain exporters became a net importer, the resulting surges of anger brought down the whole Communist system within a couple of years â but stopped there. Today there are no such firebreaks, and thanks to digital communications, events happen much faster. Why are all these revolutions happening now? Plenty of answers have been offered: the emergence of huge urban populations with college degrees but no prospect of work; the accumulation of decades of resentment at rulers who are âauthoritarian familial kleptocracies delivering little to their peopleâ, as Peter Bergen of the New America Foundation put it; the subversive role of Facebook and Twitter, fatally undermining the stateâs systems of thought control. Absent from this list â to the combined bewilderment and relief of the US and Europe â are the factors that were universally supposed to be driving populist politics in the Middle East: Islamic fundamentalism coupled with anti-Zionism and anti-Americanism. As one Egyptian pointed out after the fall of Mubarak, at no point during weeks of passionate revolt did either the Israeli or the US embassies become a target of the crowdâs fury, even though both are within easy reach of Tahrir Square. âNot so much as a Coke can was thrown over the wall,â he said. â¦. For the poor of the Middle East, the price shocks at the start of this year were like experiencing a second killer earthquake in three years â but unlike with an earthquake, there was someone you could blame. So angry were the food price protesters in Tunisia that, after Mohamed Bouazizi set fire to himself, President Zine el-Abidine Ben Ali declared a state of emergency and promised to reduce the price of food. But it was too little, too late: by mid-January he was gone. Tunisiaâs turmoil, warned The Washington Post as the toppled president flew off into exile, âhas economists worried that we may be seeing the beginning of a second wave of global food riotsâ. As we know now, it turned out somewhat differently. Food riots in 2008, revolutions in 2011 â what, where, who is next? http://socioecohistory.wordpress.co...-is-at-the-heart-of-this-wave-of-revolutions/
WOW!!!!!!!!!!! That's 8,800,000,000,000 pounds of food! OMG!!!!!!!! That's alot of shit!!!!! What's that, 220 million quarter pounder shits? :eek:
Price of the foods and other necessities suddenly increase. Maybe, because of the increase of the cost of production. Yearly, the price of the foods varies and changes. It may go up, or down. But, mostly, it goes up. That's why, many people may have a strike or may protest because of the rapid increase of prices. What would happen with the less fortunate people? What would they do?? How will they be able to survive if the price continues to rise up?? I just hope that someone or some producers may be able to think of those people's case. But, I know, they are also suffering because of that. All people may suffer because of that. Some are scarce, but still, they have to buy foods for them to survive and fulfill their necessities.