
Wealthy investors fleeing the sinking US Dollar are buying up fundamental commodities, driving prices beyond the means of many consumers.
While global grain harvests and oil yields are at all time highs this year, grain and oil availability are sharply constrained. These constraints are being felt in the US where staples such as rice are actually being rationed by major retailers.
The fall of the US dollar as the world's reserve currency is exerting its worst effect on the developing world where currencies are frequently tied to the the USD. As these currencies remove their pegs on pain of starvation, the fall of the dollar will build momentum.
While the USA has plentiful domestic food supplies, exporting a great deal of its food to China and Europe, it lacks an effective social safety net to prevent the rise of domestic hunger.
We're not eating clay yet ...
But now Japan has run out of butter, maybe the Haitians can start an export market. Okay, this isn't a joking matter, but you have to laugh or else you'd cry.
I thank you Peter for a great article. I must add though that I first saw you at the Hillarious column of "headInTheSand" sorry, I promised I would stop embarrassing his nick, so "HeadInTheGame" which ever game that is the guy seems way to off from our more reality based footings. Now, if this is true it is really going rock bottomless down the drain. I thank you once more for this article seed and I will try to help spreading it.
Best Regards..LiberalRebel.
Thanks LibReb. I really don't understand why this story seems to get so little play. I've mentioned it a few times on the Vine and so far it doesn't raise an eyebrow.
Reality likewise :-)
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