"Fears of a global food crisis swept the world’s commodity markets as prices for staples such as corn, rice and wheat spiralled after the US government warned of “dramatically” lower supplies.
An especially hot summer in the US, droughts in countries including Russia and Brazil and heavy rain in Canada and Europe have hit many grain and oilseed crops this year. This has raising concern of a severe squeeze in food supplies and a repeat of the 2007-08 food crisis.
The US Department of Agriculture, in a closely watched report, predicted that the country’s stocks of corn would halve to their lowest levels in 14 years.
It warned of a “much tighter supply picture” for corn and barley, the two main feedstocks used to fatten cows, sheep, pigs and poultry."
Financial Times
The best investment you can make right now isn't gold or stocks but food. We are facing hyperinflation and shortages in our food supply. Not only are the speculators inflating the market as the dollar collapses but we are also looking at shortages in the most basic commodities which will ripple through the entire system, just as was predicted nearly a year ago at Market Skeptics.
Get your head out of the sand and prepare for the near future of food shortage and economic collapse. It's already begun.
Posts
Catawissa,
ReplyDeleteMy comment is here: http://commentarius-ioannis.blogspot.com/2010/10/food-will-become-scarce-prepare.html
The people who need to read this - our freaking liberal clerics - won't. I am in a foul mood. None of this would be happening had we but turned to God and sought forgiveness.
Gotta say, if we had, in fact, listened to the Angel at Fatima and his cry of "Penance,Penance, Penance!" we wouldn't be in this spot.
ReplyDeleteBut we are, and we've been buying extra that can sit on a shelf for a while now.
it eats into other things, but we can't eat them.