USDA Reports Food Shortages: Wall Street
'Caught Off Guard' by Severity
Published on 07-02-2010
http://www.blacklistednews.com/news-9525-0-35-35--.html
By Eric Blair - BLN Contributing Writer
http://www.activistpost.com/2010/07/food-shortages-reported-wall-street.html
Several recent headlines indicate that food prices will continue
their swift climb upward. These troubling new reports show that
agriculture production and stored grains are critically low and
experts are now predicting food shortages.
Look at a few of today's mainstream headlines: Drought threatens
global rice supply in the India Times; VA farmers say heat taking toll
on crops, Associated Press; Severe food shortage follows lack of
rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes
crop estimates, which states that, "Commodity professionals were
caught off guard Wednesday by a U.S. Department of Agriculture report
showing 1 million fewer acres of corn planted this year than earlier
projected, and almost 300 million fewer bushels of corn in storage."
And these articles don't begin to address crops being damaged by the
toxic rain from the Gulf oil disaster.
We are back to recession economics and rapidly heading toward a
deeper, longer "Third Depression." With all recent economic
indicators setting new record lows and deficits at record highs, this
ship is only going one way folks, down, down to Chinatown. This
WTC-Building 7-style-controlled-demolition of the U.S. economy has
long been engineered by the borderless banksters and will likely
continue to collapse at the rate of free-fall gravity. With all of
the manufactured confusion it may be difficult to know where best to
invest your limited assets, but it seems to be clear that Food is on
the march.
Depressions are caused when capital is removed from the economy and
that large sucking sound you hear is your money being vacuumed out of
your pockets into the banksters' coffers. The shakedown went like
this: they bet big, got fat, then lost thousands of times more than
everything real on earth combined, then representatives of the serfs
gave them all of the serfs' money they need (including bonuses) to
re-stimulate the economy.
Well, our money is NOT flowing back into the economy as promised, and
it will not be flowing back into the economy anytime soon. With
nothing but crumbs left for the peasants, deflation is happening to
durable goods and paper assets (of which real estate has become),
while the cost of human necessity is rapidly inflating.
There were several trend forecasters and financial firms predicting
upwards of $200/barrel of oil before the Gulf oil gusher. The
"analysts" said this would occur because of the perception of scarcity
and a weakening dollar. The oil disaster and the subsequent outrage
at Big Oil will surely take care of selling the perception of
scarcity, while the Federal Reserve and Congress will surely take care
of weakening the dollar.
We've seen this Beta test before when oil prices reached their peak
of $147 in 2008 sending the price of food to the stratosphere. Food
staples like rice nearly tripled in six months
http://www.indexmundi.com/commodities/?commodity=rice&months=60 and
at times increased 50% in just two weeks
http://www.guardian.co.uk/environment/2008/apr/06/food.foodanddrink
primarily because of record oil prices and a weak dollar in 2008.
During this run up on prices, big box stores like Sam's Club and
Costco
http://www.huffingtonpost.com/2008/04/23/sams-club-costco-limit-ri_n_98340.html
were rationing the number of bags of rice customers could buy. You
can bet that Food Crisis Beta 2.010 will be far more severe.
This third factor of actual Food
Scarcity,http://www.marketskeptics.com/2009/12/2010-food-crisis-for-dummies.html
coupled with high oil prices and a feeble dollar, will multiply the
severity of increasing food prices. Whether this scarcity is being
engineered to further cull the population or is a genuine imbalance in
supply and demand is not important. The fact is that this reality
that is playing out in the matrix and this triple-threat to food costs
creates an opportunity for the serfs to soften the recessionary blow,
and perhaps offer some economic freedom.
You don't have to be an "End Times survivalist" to believe storing
food is a pragmatic practice. Everyone with expendable cash can and
should design a good food storage and rotation system and buy bulk
food as an investment. Many rationalists are touting guns, ammo, and
gold as good small-scale investments given the despicable agenda
unfolding in our matrix. Certainly those are critical investments in
an economy dwindled to the rationing of necessity, but not everyone is
into guns or can afford bundles of gold. And gold, at the end of the
day, can only be traded for necessity.
These recent food alerts seem to indicate that food may be the best
short-term investment for the "Average Joe." It's simple, if the
retail price of rice doubles as it did in 2008, then you (the
investor) make 100% return in something that's immediately tangible.
It's time to pay the tax penalty to cash out your mediocre
"I-bought-in-to-the-American-Dream" 401K and invest in Food!
'Caught Off Guard' by Severity
Published on 07-02-2010
http://www.blacklis
By Eric Blair - BLN Contributing Writer
http://www.activist
Several recent headlines indicate that food prices will continue
their swift climb upward. These troubling new reports show that
agriculture production and stored grains are critically low and
experts are now predicting food shortages.
Look at a few of today's mainstream headlines: Drought threatens
global rice supply in the India Times; VA farmers say heat taking toll
on crops, Associated Press; Severe food shortage follows lack of
rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes
crop estimates, which states that, "Commodity professionals were
caught off guard Wednesday by a U.S. Department of Agriculture report
showing 1 million fewer acres of corn planted this year than earlier
projected, and almost 300 million fewer bushels of corn in storage."
And these articles don't begin to address crops being damaged by the
toxic rain from the Gulf oil disaster.
We are back to recession economics and rapidly heading toward a
deeper, longer "Third Depression." With all recent economic
indicators setting new record lows and deficits at record highs, this
ship is only going one way folks, down, down to Chinatown. This
WTC-Building 7-style-controlled-
long been engineered by the borderless banksters and will likely
continue to collapse at the rate of free-fall gravity. With all of
the manufactured confusion it may be difficult to know where best to
invest your limited assets, but it seems to be clear that Food is on
the march.
Depressions are caused when capital is removed from the economy and
that large sucking sound you hear is your money being vacuumed out of
your pockets into the banksters' coffers. The shakedown went like
this: they bet big, got fat, then lost thousands of times more than
everything real on earth combined, then representatives of the serfs
gave them all of the serfs' money they need (including bonuses) to
re-stimulate the economy.
Well, our money is NOT flowing back into the economy as promised, and
it will not be flowing back into the economy anytime soon. With
nothing but crumbs left for the peasants, deflation is happening to
durable goods and paper assets (of which real estate has become),
while the cost of human necessity is rapidly inflating.
There were several trend forecasters and financial firms predicting
upwards of $200/barrel of oil before the Gulf oil gusher. The
"analysts" said this would occur because of the perception of scarcity
and a weakening dollar. The oil disaster and the subsequent outrage
at Big Oil will surely take care of selling the perception of
scarcity, while the Federal Reserve and Congress will surely take care
of weakening the dollar.
We've seen this Beta test before when oil prices reached their peak
of $147 in 2008 sending the price of food to the stratosphere. Food
staples like rice nearly tripled in six months
http://www.indexmun
at times increased 50% in just two weeks
http://www.guardian
primarily because of record oil prices and a weak dollar in 2008.
During this run up on prices, big box stores like Sam's Club and
Costco
http://www.huffingt
were rationing the number of bags of rice customers could buy. You
can bet that Food Crisis Beta 2.010 will be far more severe.
This third factor of actual Food
Scarcity,http://www.marketsk
coupled with high oil prices and a feeble dollar, will multiply the
severity of increasing food prices. Whether this scarcity is being
engineered to further cull the population or is a genuine imbalance in
supply and demand is not important. The fact is that this reality
that is playing out in the matrix and this triple-threat to food costs
creates an opportunity for the serfs to soften the recessionary blow,
and perhaps offer some economic freedom.
You don't have to be an "End Times survivalist" to believe storing
food is a pragmatic practice. Everyone with expendable cash can and
should design a good food storage and rotation system and buy bulk
food as an investment. Many rationalists are touting guns, ammo, and
gold as good small-scale investments given the despicable agenda
unfolding in our matrix. Certainly those are critical investments in
an economy dwindled to the rationing of necessity, but not everyone is
into guns or can afford bundles of gold. And gold, at the end of the
day, can only be traded for necessity.
These recent food alerts seem to indicate that food may be the best
short-term investment for the "Average Joe." It's simple, if the
retail price of rice doubles as it did in 2008, then you (the
investor) make 100% return in something that's immediately tangible.
It's time to pay the tax penalty to cash out your mediocre
"I-bought-in-
__._,_.___
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