Food prices to skyrocket, riots could follow, suggests USDA
by: Jonathan Benson, staff writer
(NaturalNews) When the upswing in commodity prices eventually makes its way throughout the food system in mid-to-late 2011, food prices are sure to spike with levels potentially reaching those of 2008, announced U.S. Department of Agriculture (USDA) economist Ephraim Leibtag at the agency’s annual Outlook Forum. And if conditions escalate rapidly, there is also the potential for food riots and other civil unrest.
The USDA is predicting a 3.5 percent increase in food prices in 2011, which is about twice the overall inflation rate but less than the 2008 increase, according to a recent Reuters report. In 2008, food prices rose 5.5 percent, which represents the highest increase since 1990. But the possibility of food prices dramatically rising in 2012 like they did in 2008 is a definite possibility.
“Given that it’s still earlier in the year, I’m prone to be conservative on the side of the forecast,” said Leibtag. “It’s a possibility,” he added, concerning the likelihood of massive inflation in food costs like was seen in 2008.
ARE YOU READY FOR AN EMERGENCY?
Leibtag also explained the agency’s expectation of a four percent rise in costs for meats, poultry, and fish; a 3.5 percent increase for fruits and vegetables; a four percent increase for cereals and bakery products; and a three percent increase in sugar and sweets costs. All increases represent anywhere from a 20 to 60 percent increase over last year’s increases.
In 2008, food shortages and rapid price increases led to riots in 25 different countries around the world. And the same may happen again, including even in the US, due to factors like the devaluation of the dollar, crop losses, rising oil costs, and other economic factors (http://www.naturalnews.com/031408_f…).
The warning serves as a wake-up call to Americans to take back their land and begin growing more food on the local and regional scale. According to statistics from Farm Aid, a family farming advocacy group, roughly five million US farms have been lost since the 1930s, and about 330 farmers every week leave their land. If this trend continues, the situation will only worsen.
Factory farming operations have essentially replaced local farming throughout the country. And government policies like subsidization of genetically-modified (GM) crops only continues to drive small-scale farmers off their land and exacerbate the problem.
Who’s Really Affected By Rising Food Prices
By The Mogambo Guru
03/02/11 Tampa, Florida – It is certainly old news around here that terrifying inflation in prices, thanks to the monstrous inflation in the money supply caused by the Federal Reserve creating So Freaking Much Money (SFMM) for the last few decades, has caused me to venture to that dangerous precipice between being merely weird and obnoxious, to being a raving lunatic screaming from the rooftop “We’re freaking doomed!”
Of course, I also thunder, “Buy gold and silver! Buy gold and silver! Buy gold and silver!” until my voice is raspy and my throat is sore, only to have my words of wisdom and financial salvation drowned out by the roar of the assembled crowd chanting, “Jump! Jump! Jump!” and I’m trying to yell loud enough to tell them that they have it all wrong, and that “I have no intention of jumping to my death, you morons! But if you don’t buy gold and silver against the horrific inflation in prices unleashed by the Federal Reserve creating so much money, then you are, ironically, jumping to YOUR financial deaths! Hahaha! Go to hell, all of you!”
I even threw down some leaflets of the essay “A Vale of Dollars” by Joel Bowman, Managing Editor here at The Daily Reckoning, in which he writes, “According to data released by the World Bank, food prices rose a stunning 15% from October through January. The World Bank’s own food index now sits just 3% below its 2008 record.”
This revelation did cause some discussion amongst the, apparently few, literate crowd members, and the calls for me to “Jump! Jump! Jump!” faded, and people started talking about how much more food and gas cost.
But for me, I shut up when Mr. Bowman noted that “the price spike prompted” World Bank chief Robert Zoellick to, I assume, rise up out of the neo-Keynesian fog befuddling his apparently congenital stupidity and to remark that “Global food prices are rising to dangerous levels and threaten tens of millions of poor people.”
Well, first off, I gotta tell say that Mister “They calls me Clueless” Zoellick is, again, demonstrating a stunning, complete lack of any real grasp of the situation by laughably estimating that “tens of millions” of people will be adversely affected by food prices soaring, when the real figure is at least ten times that great, if not a hundred times greater, or (more likely) hundreds of times greater than his ridiculous lowball estimate, as everyone in the Whole Freaking World (WFW) will, to one degree or another, be affected by inflation in the price of food because there are very, very few people, if any, in that aforementioned Whole Freaking World (WFW) to whom a soaring price of food is completely insignificant.
FEMA BUYS ONE BILLION IN EMERGENCY FOOD
So, again, what a moron! Although, this is what you would expect from him having happily participated in the whole monetary insanity, every step of the way, so as to be a direct cause of the world’s economic misery!
It’s too bad that Mr. Zoellick didn’t anticipate this whole thing, like the Austrian Business Cycle Theory did, years ago by saying something like, “Global money supplies are rising to dangerous levels and threaten tens of millions of poor people,” although, even then, it would have still been a gross understatement, but on the right track, anyway!
And before you think that I have such a low opinion of Mr. Zoellick because I am naturally hateful, The Daily Bell asked John Perkins, author of the best-selling Confessions of an Economic Hit Man, his opinion of the World Bank.
He replied, “The World Bank is a tool of economic hit men, there is no question about it. It’s the tool of big corporations, the IMF and most of what we call intelligence agencies of the United States, CIA and NSA. Essentially the job of all these organizations is to help what used to be just US businesses – now we call them multi-nationals – get themselves established around the world in positions where they can exploit the world’s resources, natural resources and human resources.”
And now Mr. Zoellick is shedding crocodile tears about the poor having to pay higher prices after he, as a head banker, aided and abetted the creation of all the excess money, to finance the takeover of “the world’s resources, natural resources and human resources” that made prices go higher? Hahaha! Too, too much! Hahahahaha!
Wiping the tears from my eyes, I note that this kind of treachery by banks and bankers, I assume, is what prompted George Bernard Shaw to say, “You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”
And it is also what makes me say, “Buy gold, silver and oil stocks when your stupid government is allowing the evil Federal Reserve to keep creating staggering amounts of money, week after week, month after month, year after year, decade after decade!”
And so while both Mr. Shaw and I agree that buying gold is the way to go, there is, alas, no evidence of Mr. Shaw saying, “Whee! This investing stuff is easy!” although I think that he would at least agree with it being easy! Whee!
The Mogambo Guru
for The Daily Reckoning
Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron’s, The Daily Reckoning , and other fine publications.
Who’s Really Affected By Rising Food Prices http://dailyreckoning.com/whos-really-affected-by-rising-food-prices/#ixzz1GcwnRSG7
Gerald Celente: “There is no recovery — it’s a coverup!”
Sic Semper Tyrannis
March 1, 2011
Trends forecaster Gerald Celente appeared on RT February 28, 2011, explaining how the circus called the U.S. government is running America – right into disaster.
Current predictions circulating among economists are that oil prices may soon hit $200 a barrel. Lindsey Williams, a well known Chaplain and close associate with oil company elites has revealed that the globalists in charge behind the scenes are planning to push oil prices as high as $150- 200 a barrel before 2012.
Gerald Celente states the only possible way for oil prices to jump so high would be for “an outbreak” to occur in a major oil-producing country such as Saudi Arabia, or in Iran. The “outbreak” he refers to would be open revolution, rioting, and chaos that is currently happening along the northern part of Africa, and in parts of the Middle East.
One of the other scenarios he brings out, would be the closing of the Suez Canal.
“… But what we’re looking at really, is very reminiscent of the late 1970?s, 1979 when the Iranian crisis broke out. Because there’s another element in this that’s important. It’s inflation. And what we’re looking at.. as we look back in the 70?s, it was high inflation – plus the Iranian crisis, an oil spike.
You have the same thing going on now….”
Gerald argues the oil prices have been going up before the recent chaos in the Middle East, and it’s due to the de-valuing of the U.S. dollar, and that the only reason the “ponzi scheme” continues is due to the control by the Federal Reserve to keep interest rates at 0%.
He argues that as inflation increases, the Fed will push interest rates up eventually, in order to keep oil and other commodity prices down since they are tied to the dollar. As the interest rates start to increase, the economy here in the U.S. will go even further into tailspin.
One other point brought out by Gerald Celente is the fact that the current puppet regime in the White House is “cooking the books” on the unemployment numbers and current inflation rates. They are making their own rules on how to determine inflation rates by leaving out essential information such as food and fuel prices. The same is being done with White House unemployment numbers by simply leaving out those who have given up looking for jobs, as well as other deceptive “carnie” tricks (in reference to White House spokesperson Carnie) in which he compares the administration to a traveling carnival act.
In closing, Celente states:
“… There is no recovery, it’s a coverup. It’s only being boosted by these low interest rates, which again, when inflation skyrockets- they’re gonna have to raise them, and that crashes the economy…”
Again, I am reminded of the words of Maurice Strong, who stated that essentially, it would be necessary for a collapse of industrialized nations economically, to further the agenda of carbon taxes, UN dominance, and ultimately – Global Governance aka, A NEW WORLD ORDER.
Celente: “When the money stops flowing down to the man in the street, the blood starts flowing in the streets.”
Author: Mac Slavo
– February 25th, 2011
Trend forecaster Gerald Celente, of the Trends Research Institute, says that the further expansion of government austerity measures and impoverishment of the majority of the world’s populace will lead to more violence, riots and revolutions.
In his latest Trend Alert® to subscribers, Celente discusses the revolutions breaking out in the middle east and provides a different reasoning than mainstream pundits and politicians for why it is happening and why it will spread to Europe and the US:
As we wrote before Tunisia and Egypt erupted, the outbreaks would go global and the reasons behind the unrest would be more about bread and butter issues than politics. As economies decline, unemployment rises, taxes are raised and services cut – while those at the top get richer and most everyone else gets poorer – revolutions will continue to spread.
But that’s not the way it’s being represented by the same people who didn’t see it coming. The media, pundits and politicians have misrepresented the historic geopolitical events that have occupied the news since the onset of the New Year. Virtually overnight, the revolutions have been glorified as courageous fights for freedom and liberty by democracy-hungry-masses.
But it is not hunger for democracy that drives them. Democracy, autocracy, theocracy, monarchy – right, center, left – it is mostly a gut issue…an empty gut issue. When the money stops flowing down to the man in the street, the blood starts flowing in the streets. It’s a simple equation. A few at the top have too much, and too many others have too little.
In response to the current Middle East uprisings, gold has broken above $1400 an ounce and Brent Crude climbed to $113 a barrel. There is no end in sight to market volatility. As the violence escalates and expands, the fallout will be felt around the world.
From the onset of the financial crisis that began in August 2007, and through the ensuing Panic of ’08, Washington, the Federal Reserve and central banks have managed to forestall a Great Depression-grade meltdown by way of a variety of multi-trillion dollar rescue packages, bailouts and stimulus programs. For three years the programs were able to induce an illusory and superficial recovery that, barring a major external geopolitical jolt, might have continued to run its course until the inevitable denouement.
But now the jolt felt around the world is in the process of shattering the recovery illusion. Whether deliberately (as calculated policy) or as fallout from fear-based denial, the pieces are not being put together. The current unrest is not confined to the Middle East and North Africa, and as we had forecast, it will spread to Europe and other parts of the world. The more volatile and widespread the insurrections, the greater the probability that some combination of events (e.g., oil shock, terror attack, cyber wars and regional wars) will crash already fragile economies, and roil sound ones.
Conditions are spinning out of control. In some countries, bank and stock market closures are real possibilities, as is the imposition of martial law. We reiterate our forecast for gold $2000. We recommend keeping cash and necessities on hand to help weather emergency situations. If the worst does not happen, nothing is lost. If the worst happens and you are not prepared, you are lost.
Source: The Trends Journal Subscriber Trend Alert (February 24, 2011)
Politics is playing a small role. For 30 years Egyptians lived under the rule of President Mubarak. For 30 years we heard how great Egypt was from the people that lived there, as well as our own media. Then, from one day to the next, everything changed and Mubarak was a dictator. A similar story was presented in other parts of the middle east that are now in turmoil.
This is not about deposing leaders for political reasons, though it may seem like it based on how it’s being presented in the media.
Consider the latest union protests in Wisconsin. It was portrayed by the media as a partisan issue – a fight between republicans and democrats. But had a democrat governor been forced to take similar action, the unions would have been in the streets protesting anyway.
This is happening because the flow of easy money is being systematically withdrawn from Main Street (the world over).
This is happening to public and private sector workers alike. No one is immune.
Keeping the arguments in a political space diverts the focus of the masses so that they hate each other, as opposed to targeting the fundamental reasons for why we’re in the position we are in the first place.
We’ve suggested it before, and we will yet again: As the people get broker and hungrier, and they lose their jobs, their homes and finally realize there will be no return to the boom times of the 80?s, 90?s and early 2000?s, the unrest will foment and spread.
Author: Mac Slavo
Date: February 25th, 2011
Visit the Author’s Website: http://www.SHTFplan.com/