thomhartmann
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Fri Nov-12-10 04:02 AM
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Thom Hartmann - Is Food the Next Bubble? |
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Run time: 03:14
https://www.youtube.com/watch?v=hN_UIMuC37M
Posted on YouTube: November 11, 2010
By YouTube Member: thomhartmann
Views on YouTube: 222
Posted on DU: November 12, 2010
By DU Member: thomhartmann
Views on DU: 674 | The Big Picture with Thom Hartmann on RT TV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings
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avaistheone1
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Fri Nov-12-10 04:07 AM
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1. From the big rises we are experiencing in food prices |
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it sure looks that way.
Cool that you are on RT, Thom.
k&r
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ClayZ
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Fri Nov-12-10 04:28 AM
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social_critic
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Fri Nov-12-10 05:21 AM
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This is a flawed analysis. Blaming Goldman Sachs for rising food prices is childish. There are deeper underlying reasons. For example, the US mandate for biofuels is shifting corn to make ethanol. Another reason is economic growth in China and India, their people consume more food as they get richer. It also ignores another fact: if food prices go up, then farmers profit, if they profit, they tend to plant more crops and work harder at it, many who move to the cities to work as gardeners and maids stay home and work the fields. This market signal increases supply, and moderates prices. In conclusion, I don't find this guy to have the proper background to discuss the subject, he leaves too much out.
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BigD_95
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Fri Nov-12-10 11:42 AM
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4. did you listen to what he said? |
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You wrote "This market signal increases supply,"
There wasnt a shortage is what Thom is saying. They made it seem like that to make a profit.
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Sun May 05th 2024, 12:32 PM
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