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More bad news for 2010.

Got that victory garden ready to go yet? Britain's "Market Oracle" is predicting a food crisis in 2010 due to the after effects of the financial meltdown. This British analyst believes the US economy will be completely wrecked due to an inability to import food. Once again, we see that China and other big producers of stuff Americans need will be keeping a larger and larger portion of their own produce - and demanding something besides US dollars to ship what they ARE willing to ship. Add this to the US Government cooking the books concerning agriculture (the same way they do everything else) the result is that the US will be in deep trouble. This is now the third or fourth (I forget) source predicting massive price hikes in food prices this coming year.

The Market Oracle Online
Global Food Crisis 2010 Means Financial Armageddon
Commodities / Food Crisis Dec 25, 2009 - 04:12 PM
By: Eric_deCarbonnel

The USDA—by manufacturing the data needed to keep supply and demand in balance—has ensured that agricultural commodities are incorrectly priced, which has lead to over-consumption and has guaranteed disaster next year when supplies run out. 

...In this reality, the US farmers have suffered the worst harvest season ever seen.

Total Panic

The sudden, shocking discovery that food supplies are running out will produce total panic. The reaction will inventory building — hoarding –at all levels. Major food producing nation will export bans (India has already banned food exports). Producers, Middlemen, And Households will rush the acquire supplies. All this hoarding will wrosen the crisis by throwing supply and demand further out of balance: export bans cut supply available on international market and inventory building increases demand. Food prices will more than double...

Whew, that's enough headache for now. I skipped the long, tedious example of the 2009 soybean crop bad harvest and import/export figures, but feel free to read the extended article if you're really interested. The rest of the article talks about how foreign governments will drop the US dollar and treasuries like a hot potato to prevent their own poor and lower middle class people from starving due to the monetary swings that will result from this agricultural mess. They will throw Americans under the bus - as well they should. The rest of the world has no obligation to keep us fat and sassy, now do they? It's time we all got used to that idea, class. When push comes to shove, foreign governments are going to protect their own, and not care one whit about Americans.

In fact, they will be laughing all the way to the bank as the American smugness and arrogance goes down the tubes along with our food supply and our economy. We were so sure that we could continue to force the rest of the world to provide resources for us that we bet the farm on it, literally.

And we're going to lose it.
Posted by Leah Gayle at 9:56 PM Labels: currency, diet, economic crisis, farming, food, nutrition, planning, relocalization, sustainability Catharine said...

This is the first I have heard of a food shortage. Very scary. I predict that sometime in the future what will destroy human society as we know it are wars over water. One day our over-consumption and poor planning will come back to haunt us, in a *big* way.

Until then, shalom and teach your children how to live for a sustainable future.

Saturday, December 26, 2009 10:48:00 PM Ahavah Gayle said...

When you consider that 40% of the food people buy each month ends up being thrown in the garbage (and ditto for produce, fresh meat and dairy at the grocery stores):


...and that 60% of Americans are obese:


...I would point out that there is a LOT of slack in the American food system. IF - BIG IF - everyone acted reasonably and bought only what they really needed, no one would starve. However, as this article points out, they will not act reasonably - they will hoard, which will make food unavailable to the poor. It's another symptom of America's sick culture.

Sunday, December 27, 2009 12:02:00 PM 
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