http://onlinejournal.com/artman/publish/article_2309.shtml
That bowl of Kellogg’s Cornflakes on the breakfast table, or the portion of pasta or corn tortillas, cheese or meat on the table is going to rise in price over the coming months as sure as the sun rises in the East. Welcome, ladies and gentlemen, to the new world food price shock, conveniently timed to accompany our current world oil price shock.
Curiously it’s ominously similar in many respects to the early 1970s when prices for oil and food both exploded by several hundred percent in a matter of months. That mid-1970s price explosion led President Nixon to ask his old pal, Arthur Burns, then Chairman of the Fed, to find a way to alter the CPI inflation data to take attention away from the rising prices. The result then was the now-commonplace publication of the absurd “core inflation” CPI numbers--sans oil and food. Stephen Roche was the young Fed economist who was assigned the statistical manipulation job by Burns.
The late American satirist, Mark Twain once quipped, “Buy land: They’ve stopped making it . . ." Today we can say almost the same about corn or all grains worldwide. The world is in the early months of the greatest sustained rise in grain prices, for all major grains including maize, wheat, rice that we have seen in three decades. Those three crops constitute almost 90 percent of all grains cultivated in the world.
Washington’s calculated, absurd plan
What’s driving this extraordinary change? Here things get pretty interesting. The Bush Administration is making a major public relations push to convince the world it has turned into a “better steward of the environment.” The problem is that many have fallen for the hype.
Ok...I have to ask, are the Bushies, in fact, evil aliens terraforming our planet into the barren wasteland they prefer, as in that movie with Charlie Sheen?
http://us.imdb.com/title/tt0115571/Ok, I realize the likelihood is only about 1%, but isn't that about 100,000 times greater a chance that it was before 2000?