You have to read this article:
Heh Look The Market Is Up 0.2% And You Are Starving
The comment thread for this article is nothing short of frightening.
You can go to the article to see the charts. Food prices stand to go off the charts.
Wall Street is playing with food commodities just like they did with oil a while back, which caused the price of gas to soar. Congress? Mr. President? Anyone? Anyone?
Look at these recent food commodity increases:
Corn, 330 -> 508 today, a fifty four percent increase.
Wheat, 425 -> 694, a sixty three percent increase.
Soybeans, 893 -> 1125, a twenty-six percent increase.
Oats, 188 -> 344, an eighty-three percent increase.
Looks like the Wall Street Masters of the Universe are playing with our food now.
Food is the basis for the nation's poverty line
And if 30-60 million children already live in poverty in America. What will drastic increases in food prices mean for them?
And, yes, the administration is looking for a new way to determine who is poor and who qualifies for assistance.
However, New York has already done this and found, under the new methods, that the poverty rate increased from 18% to 22%! Nearly 1 in four families qualified. Could it be because wages have decreased while the cost of housing, etc. have soared?
The recent report that 14.5% live in poverty is disinformation. It is and has been much worse (31% for Mississippi children!). That's a sad picture. Speaking of pictures, one is worth a thousand words:
http://myweb.unomaha.edu/...
And this was in 2007! Before millions were fired/laid off!
Across the states, child poverty rates range from 6% in New Hampshire to 31% in Mississippi.
So what is going to happen to these children when the food prices spike because Congress et al isn't stopping the Masters of the Universe from playing with our food just to make a buck? Mass malnutrition? Starvation? All while the Deficit Hawks are in a full court press to end social safety nets? And the elderly on fixed incomes. What about them. DRIVE THIS HOME WHILE YOU ARE GOTVing!
See how this works? Look at the upper right corner. That's the dollar's net change for the day.
The market is up 1/4%, but your actual purchasing power has dropped twice as much as the market has risen, and since your entire net worth is not in the market, guess what - you have in fact lost.
This is the game that is being run folks. It is not an accident. It is in fact an intentional act being undertaken by our government and our Central Bank.
If Americans understood this you would expect they would be in the street and demand that it stop.
There is no "appreciation" going on in the markets. If you're buying US Stocks in Euros, you're losing money today.
And oil is up nearly 0.7%, which means gas and other forms of energy are going up in price faster than the stock market.
This is the game being played to "pump confidence" in the stock market. The Fed comes in and "POMOs" their so-called MBS "rolloffs", and the money immediately goes into speculation. This drives up equity prices, but it drives down the dollar by more (about 12% since this new "POMO" program began in June) and in turn this is immediately reflected in higher commodity prices.
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All of this, of course, is food. Both directly, in what you eat, and indirectly in what you eat eats. It's feed for poultry, beef and pork, along with your direct consumption. And all of it is up at inflation rates that are in pure hyperinflation territory - all of these changes in price are over the last TWO TO THREE MONTHS! Annualized that rate of change and you see terrifying numbers - from clean doubles to quadruples.
You can go to the article to see the charts. Food prices stand to go off the charts.
Soon! While millions are un or under employed. When our nation already has the highest rates of poverty in our nation.
And all the conservatives, led by the Peter G Peterson's of the world, want to talk about is Decreasing the Deficit.
Are DEFICIT HAWKS referring to people as deficits?
And God help the underdeveloped nations who survive on these staples. Millions might starve to death. The author even goes as far as to say people in America could starve.
THIS IS A WAKE UP CALL !!!
Please, will those in the know please offer some insight to this alarming information.
Thank you!