When the Wall Street Journal advocates food stockpiling, I have to think that there is something to worry about.
One of the major reasons for this sudden change in food price dynamics? Yes, you guessed it, corn being redirected from food markets into the growing “bio-fuels” market. So whether you agree with global warming alarmists or not, whether you think that bio-fuels are economically or entropically viable or not, whether you think Al Gore is a saint or a huckster, Al Gore is about to reach into your wallet and start ripping money out of it.
R.O.I. – WSJ.com
I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food.No, this is not a drill.
You’ve seen the TV footage of food riots in parts of the developing world. Yes, they’re a long way away from the U.S. But most foodstuffs operate in a global market. When the cost of wheat soars in Asia, it will do the same here.
Reality: Food prices are already rising here much faster than the returns you are likely to get from keeping your money in a bank or money-market fund. And there are very good reasons to believe prices on the shelves are about to start rising a lot faster.
Expect now to see a backlash against the ersatz Nobel Prize winner. It was all well and good for mentally deficient liberals and ignorant masses, but now that it’s hitting them hard in the pocket book, people are going to actually start listening to Global Warming “deniers” a bit harder and with a bit more interest in what the real proof of global warming is.
And that is happening after ten years of temperature declines, a record-setting winter, the largest extent of sea ice in Antarctica in recorded human history and a huge shift in actual climatologists from Global Warming advocates, to “mini-ice age” concerns.
It could well be that Al Gore will see more jeers than cheers in his global jet-fueled jaunts in the near future. And won’t that be sweet?
5 users commented in " Is life in America about to get a whole lot worse, a whole lot faster than we think? "
Follow-up comment rss or Leave a TrackbackI saw a report on rising food prices on one of the major network newscasts last night. I don’t believe they cited biofuels as a culprit. They blamed it on drought, natural disasters, weird weather events, etc. In short, they blamed it on global warming.
It may be longer than we think before the ignorant masses and The Goracle’s minnions begin to jeer rather than cheer…
You may be right, but I’m not so sure. With the U.N. publicly calling the European Union out on their biofuels mandate, and the E.U. refusing to revisit them because of the horrible consequence of “reopening debate” on things, I think there is a growing awareness of the impact Global Warming alarmism is having on our lives. And that was before people realized their extra $50 a month in food bills was due to corn being used for fuel because of such mandates.
Sorry, I don’t buy it. Besides, I believe it would be more accurate to say that land that might be used for growing food crop, is being re-purposed for biofuels. Despite what is parroted in the media, the corn that is used for E85 production is not food grade.
Rising food costs are being driven primarily by sharply increased energy costs, population growth, drought, and poor land use management overseas.
Well, don’t forget a massive fungus attack of the crops of much of the middle east.
I’m not sure about the “food quality” comment, that corn isn’t just used to feed people, it’s also used to feed the livestock that people ultimately eat, and so it’s still part of the food chain.
Last year, Louisiana farmers withdrew almost one million acres from cotton production in favor of planting corn. I don’t have the figures from Texas, Alabama, Mississippi, etc. But I assume that it is the same throughout the south. It is a smart business decision.
With the price of corn jumping, a farmer would be an idiot not to. (I don’t know any idiot farmers) Look for your Levis and T-shirts to “skyrocket” in price soon as cotton becomes scarce.
I am not clued in on how much the futures market drives the price of corn (perhaps expecting shortages due to these idiotic ethanol mandates), but I would bet that speculation has a lot to do with it.
Hen houses in Arkansas, ranches in Iowa, and dairies in Wisconsin are feeling the pinch big time.
I think Pace is onto something. These energy prices (driven by speculation on the CBOT), plus corn prices (driven by speculation on the CBOT) add up to high costs for everything.
Heck, diesel is $4 here in Louisiana. A year ago it was about $2 (if I’m remembering right). Just getting the dang feed corn to the ethanol plant, and getting the dang E85 to the filling stations takes a heck of a fat wallet!
We’re in for an interesting year or two.
Leave A Reply