So rice prices have soared over 50% in the past few weeks, and the basic food staple of billions is now at risk.
Housing panic is meaningless versus rice panic. Screwed homedebtors can just walk away and rent. Screwed rice eaters, well, they die.
Thank you Ben Bernanke. Thank you Alan Greenspan. Thank you corrupt communist leaders of China. Thank you Wal-Mart shoppers. Thank you McMansion buyers. Thank you Hummer & SUV buyers. Thank you people who put food in your car's gastank. Thank you politicians who encourage farmland to be used to grow fuel instead of food.
One day people will wise up on the interconnectedness of man. They'll better see the repercussions of their actions. That day is coming closer.
Fears of unrest rise across Asia as rice price surges 30% in a day
Rice prices jumped 30 per cent to a record high yesterday, raising fears of fresh outbreaks of social unrest across Asia, where the grain is a staple food for more than 2.5bn people.
Global rice stocks are at their lowest since 1976. While prices of wheat, corn and other agricultural commodities have surged since late 2006, the rice prices increase started in January.