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2010 Food Crisis?

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posted on Dec, 18 2009 @ 03:48 PM
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This author claims the world is about to have a mass food crisis in 2010 that could cripple the economy and send food prices soaring around the world. He claims governments have been lying about the bad harvests around the world to prevent panic, but the statistics can only show a darker picture.

For example, "the USDA has declared half the counties in the Midwest to be primary disaster areas, including 274 counties in the last 30 days alone," says the article. This information can also be found in official USDA and official FEMA reports.

The article also claims:



There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system....


More at source:
www.marketskeptics.com...

See also: "*Governments Lying About Looming Food Crisis":
www.marketskeptics.com...

The first source is a long article filled with statistics that seem to bolster the author's contentions. Can anyone confirm or deny this sort of thing?




posted on Dec, 18 2009 @ 04:11 PM
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note to self, invest in various food type futures.

I mean hey, if that's whats going on, might as well make a couple bucks off of it so you can afford the food, right?



posted on Dec, 20 2009 @ 02:18 AM
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This interesting starred and flagged for finding this.

Does it possibly have anything to do with codex?



posted on Dec, 20 2009 @ 03:08 AM
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I can see this coming. More people every year and less food on the shelves. Thats why i made 2 20foot by 20foot gardens in my back yard. And i might make another. Its in everyones best intrest to learn how to grow and process your own food. And in most cities across the US you can have and raise your own egg laying chickens.
With a large garden and several chickens you will live just fine.
Also plant a few fruit trees in your yard. Research the shelf life of everything
Some types of Kiwi vines produce enough fruit to feed an entire neighborhood.

Check out your local garden store and get as many heirloom seeds as you can. Make sure you dont pick the items before they have time to Germinate.

There is no reason to starve. Food is easy to grow.

I grow:
kohlrabi
currents
apples
pears
tomatoes
potatoes
corn
carrots
peppers 3 kinds
lettuce
cabbage
beans 3 different types
cantaloupe
cucumbers
onions 3 kinds
peas
white radish
butternut squash
turnips

And make sure you weed the garden at least 2 times a week. Weeds will over take everything you have in just a week. Stupid weeds.



posted on Dec, 21 2009 @ 12:09 AM
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I read this the other day, and can say that I believe next year will be very bad for food. In my area this year I have noticed that everything from tomato paste, to chocolate bars seem to cost more this year. I also believe that the author is correct.

From the OP's link:

With one out of eight Americans on food stamps, foreign central banks are subsidizing US food consumption by funding the US government with their treasury purchases. Once the food crisis begins next year, they will be faced with the choice:
1) Continue subsidizing US food consumptions as triple digit food inflation ravages their economy and their people starve.
2) Dump their treasury holdings onto the market to rapidly appreciate their currencies, lowering the cost of food imports and preventing widespread domestic starvation.


As much as China and India like keeping the value of their currency low to help exporters, I believe that millions of starving people rioting in the streets will have a larger influence on central bank policy. It's already starting to get a scary:
India Food Prices Climb 19.95%, the Most in 11 Years

Potato prices more than doubled in the week ended Dec. 5 from a year earlier, vegetable costs climbed 41.09 percent, the price of pulses rose 40.1 and wheat gained 13.9 percent, today’s report showed.

India to Use Rupee to Tackle Inflation ‘Problem,’ ABN Amro Says


India may allow the rupee to gain in 2010 to slow inflation that accelerated to a 10-month high because rising prices pose a “more serious problem,” according to ABN Amro Bank NV.


I think the best thing for everyone that can is to start buying food now, rather than later. Sure food stocks are good, but you can't eat them when the store doesn't have anything left to buy.



posted on Dec, 21 2009 @ 12:39 AM
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If there are food shortages next year then it will be 'manufactured'. There is enough food on this planet to feed everyone but distribution is the problem. This is a by product of globalisation. Globalisation means that we will all be paying the SAME price for products and services. Competition for goods will increase as developing countries become more affluent.

The riots in Burma started because the government were told by the IMF to increase the price of petrol to 'market price'. It also seems natural to me that prices of items will increase, the dollar is losing it's value rapidly.

You better like eating rice!



posted on Apr, 10 2010 @ 05:31 PM
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reply to post by deessell
 


The Queen of England through her many vested interests actually holds 70% of the world's grains. Through her financial holdings she decides which countries receive grain shipments and how much.

Until later this year, the U.S. may not have needed significant grain shipments to feed its own people.

However, with the harsh long winter, the loss of honey bee and bat pollinators due to abberations in the earth's magnetic field, and weather catastrophies including unusual flooding in some areas and prolonged droughts in other areas. it's not really that far-fetched to think that the U.S. could soon experience a very serious food shortage.

Do you think the U.S. will make the Queen's list?



posted on Apr, 10 2010 @ 06:15 PM
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reply to post by silent thunder
 


Spring food crisis may trigger economic collapse
January 7, 2010 @ Michael Hampton
www.homelandstupidity.us...

You have MAYBE TWO MONTHS to stock up on the necessities of life before food prices rise dramatically, potentially prompting a food panic, widespread famine, and quite possibly the long-expected collapse of the U.S. economy.

Farmers across America and in many other parts of the world are calling 2009 the worst harvest they’ve ever seen in their lives, owing largely to extended bouts of bad weather. At the same time the U.S. Department of Agriculture is officially forecasting bumper crops, while close to three-fourths of the country’s farmland is in areas declared eligible for federal disaster assistance due to failed crops.

A popular farmers’ Web site is chock full of stories of entire crops of soybeans rejected for moisture damage, long delays in harvesting corn only to find out the corn is moldy, damaged or too light to be used as animal feed or even ethanol, and farmers unsure if they’ll even have a farm for another year due to the losses they’ve taken.


Most agricultural products are purchased in futures, which are promises to deliver a quantity of a commodity at a future date. Futures carry many risks, prominent among them the possibility that the commodity simply won’t be available at the promised delivery date. While futures prices are set by the market, some of the information used to set the prices comes from the USDA’s World Agricultural Supply and Demand Estimates reports. The unrealistic 2009 bumper crop predictions in its recent reports, which may have seemed reasonable months ago before 2009’s long string of bad weather but which USDA has failed to revise, drove futures prices artificially low.

But grain futures prices have already risen well above the USDA’s latest projections as the corn harvest threatens to drag on into March in some areas of the country, thanks to an unusually wet 2009 and unprecedented fall flooding in the Midwest.

The good news is that even with 2009 being the worst harvest in human memory, there will still be plenty of food in the U.S. to feed everyone in the U.S. The bad news — if you’re in the U.S. — is that the food won’t be used to feed everyone in the U.S.

It seems China has finally figured out what to do with all the U.S. dollars it’s holding. You’ll recall that the Federal Reserve took some pretty extreme measures over the last two years, ostensibly to save the U.S. economy. In fact, those measures have set us up the bomb. For decades China has been buying U.S. debt and financing Americans’ credit addiction as well as the government’s massive spending on millions of projects it has no business being involved in. But, it seems, they’ve had enough of the dollar and are about to pull the plug.

In the meantime, China has been using those dollars to buy every morsel of American food it can get its hands on. Combined with 2009’s bad weather and the USDA’s ridiculous numbers, this prompted a late August soybean shortage which is expected to continue through 2010.

The U.S. has a very good reason to fudge the numbers on crop estimates. If it published realistic numbers, and crop futures prices rose sharply, three things would likely happen: Wall Street would take massive losses, inflation fears would cause investors to dump bonds, frustrating the government’s attempts to finance its incredible expanding debt, and most importantly, China, whose currency is tied closely to the U.S. dollar, would allow it to appreciate. That alone would likely send the U.S. dollar into freefall; all three would mean utter economic collapse.

Of course, you can’t fool the market for long; as noted above, futures prices are already well above the USDA’s numbers. All they really managed to do with their numbers game was buy the U.S. dollar another year of life.

One market analyst believes that the 2010 food shortage will be the catalyst which not only brings about the collapse of the U.S. economy, but takes down Great Britain and Japan with it.

While a food crisis was unavoidable to some extent because of the abnormal weather and financial crisis, the total panic which will soon grip world agricultural markets is a creation of the USDA and its fictitious production estimates. If not for the USDA’s interference, food prices would have risen in the first half of 2009 in anticipation of the 2009/10 shortage. The United States Department of Agriculture has caused incalculable damage to the world economy by encouraging overconsumption of rapidly diminishing food supplies.

Once the 2010 Food Crisis starts, confidence in the US government will be shattered as a result of the USDA’s faulty estimates. The starvation and misery caused by higher food prices will also create a lot of anger . . . — Market Skeptics
In this scenario, rural banks will begin failing rapidly, especially in the Midwest, and the inevitable bailouts will drive up U.S. debt further. These bailouts, combined with the Chinese allowing the yuan to appreciate, will erode confidence in the U.S. dollar to the point that foreign banks and investors begin dumping U.S. debt at fire sale prices. At that point the Federal Reserve will have no choice but to print money, leading directly to hyperinflation.

I shouldn’t have to tell you what hyperinflation will look like, but in case you need a reminder, it will likely make the Great Depression look like a minor recession. Tens of millions of people who have never known want in their entire lives are going to be shocked to wake up broke and hungry, with no idea what happened or why it happened to them. The government will almost certainly be unable to fulfill its promises of food stamps, social security and other such welfare programs. Food riots are likely and people will almost certainly die when the government attempts to put them down.

Worst of all, almost nobody will assign blame where it truly belongs: central banks and fiat currency.

Market Skeptics and many other foreign investors I’ve seen quoted widely in foreign media but virtually never in the U.S., recommend investing in agriculture, except derivatives, and in precious metals. I also recommend you invest in as much nonperishable food as you can lay hands on in the next two months, at least a year’s supply if you can manage it. If there’s no collapse, you can eat it, and if there is, you’ll at least have something to eat. And when you read a headline such as “Yuan allowed to rise versus dollar,” it’s time to head for the hills.



posted on Apr, 10 2010 @ 06:44 PM
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I see somebody mentioned growing your own food
with a garden and chickens.

Well if big brother doesn't want you to have it
then he can take it away. Just turn on that HAARP
machine and cause you flooding, earthquakes,
tornados and you wont have that garden or chickens
anymore.

Frankly, I think they need to change the name of
HAARP to God Machine.



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