Rising World Food Prices

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  1. #1
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    Rising World Food Prices

    This is very well done, IMO. Good discussion on rising world food prices and commodities, and the possible results.

    US stimulus/QE of cheap & free money leads to a surplus of capital in the world causing rising food prices. Demand is not causing the rise, the surplus of capital is according to Keiser.

    Cotton is at 150 year highs. Rice is still cheap. Why? Hundreds of millions of lower income people in Asia and the world depend on it.

    Again, this segment is well done, IMO.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

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    Is Doin It 4 Da Shorteez
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    possible further effects of the over-capitalization of financial institutions across the globe?
    Last edited by LAM; 02-08-2011 at 10:07 PM.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Quote Originally Posted by LAM View Post
    possible further effects of the over-capitalization of financial institutions across the globe?
    That's what Keiser is claiming.

    On a side note, I remember Marx writing of Surplus of Capital in Das Kapital, written in 1850.

    An old concept, and some claim there was too much money (capital) chasing investment in the 2000s, which further caused bubbles, and this was before TARP and the QE policies.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

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