Monday, September 27, 2010

Banksters Inflate Speculative Food Bubble, U.N. Offers Global Governance Solution

Eric Blair
Activist Post

Never let a good crisis go to waste. The international bankers are taking advantage of the "food crisis" by driving up food prices in what is shaping up to be a classic case of a manufactured bubble. It is also looking like a clear model of Problem-Reaction-Solution methodology. Create the food inflation problem (of course profiting all the way up), force an enraged reaction among the public, and take more sovereignty away with the solution of global food regulation.

On July 1st, I wrote an article titled USDA Reports Food Shortages: Wall Street 'Caught Off Guard' by Severity, quoting a USDA report "Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage." Well, the banksters seem to have made up some of their losses since being "caught off guard" by the severity of the global food crisis.

Take a look at the commodity price charts for wheat and corn. Pay particularly close attention to what has happened since July 1st.

These charts look like a technical trader's dream, almost as if a computer program was set to incrementally increase the prices as to not make too many headlines on the way up. The recent market speculation has now driven food commodity prices for corn and soybean to their 2-year highs. An emergency meeting Friday by the U.N.'s Food and Agriculture Organization in Rome to address the urgent shortages and sudden surge in prices had this to say

View Full Article With Charts and Links HERE

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