Showing posts with label global imbalances. Show all posts
Showing posts with label global imbalances. Show all posts

April 13, 2008

IMF: "Food-Price Inflation May Trigger Starvation"


Thank you Casey Serin.

Thank you mortgage brokers.

Thank you realtors.

Thank you investment bankers.

Thank you Alan Greenspan and Ben Bernanke.

Thank you ethanol farmers.

Thank you George Bush.


Thank you General Motors.

Thank you Chinese communist party leaders.

And thank you American consumers and Wal-Mart shoppers.

You are now about to starve millions to death.

Hope it was worth it.


Donate to the World Hunger and Relief fund here. And stop using ethanol, stop buying Chinese crap at Wal-Mart and start connecting the dots.

April 12 (Bloomberg) -- Further gains in food prices would be ``terrible'' for the world's poor and throw hundreds of thousands of them into starvation, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

Governments throughout Asia, Africa and the Middle East are seeking to combat food inflation and avoid social unrest by curbing exports or lifting import duties on basic food staples such as rice. Global food prices surged 57 percent last month from a year earlier, according to the United Nations, and the World Bank warns civil disturbances may be triggered in 33 countries.

If food inflation keeps accelerating at its current rate ``the consequences will be terrible,'' Strauss-Kahn told reporters at the IMF's semi-annual meeting in Washington today. ``Hundreds of thousands of people will be starving, leading to a disruption in the economic environment.''

April 12, 2008

Here's some raw footage from the food riots in Haiti - coming to a country near you



To go from Casey Serin buying up homes in California he couldn't pay for with liar's loans, to food riots in Haiti and rice shortages in Asia, who'd have thunk. But like six degrees of Kevin Bacon, you can get from A (housing bubble) to F (food riots) pretty quick if you work it through.

And remember, everytime you put ethanol in your SUV, you starve someone somewhere.


April 07, 2008

April 7, 2008 Special Edition: Welcome to RicePANIC. Seriously. Now we have rice panic. And it's gonna get ugly.


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.