Interesting and maybe telling, that quite a few countires, including China, are stockpiling food.
Some food for thought...
Max Keiser on his site....
MK: Various ways to avoid this increase in food and energy prices for Americans have included: routing labor through China, passing the CFMA (Commodity Futures Modernization Act), allowing banks to increase reserve ratios from 12:1 to 30:1, bailing out LTCM, bailing out the dot com meltdown with 1% interest rates, bailing out Wall St. holdings of toxic mortgages with trillions in swaps with the Fed, invading other countries to ?manage? their oil and gas reserves, allowing Monsanto to patent seeds, changing the definition of CPI, changing the criteria for defining employment, suppressing Gold and Silver, allowing oil companies to wage anti-AGW propaganda using the public?s airwaves and allowing HFCS to replace real sugar. These are just a few of the ways that government and Wall St. have been able to strong arm and manipulate markets so that the consumer does not experience rampant price inflation for food and energy these past few decades. But since peak credit (and peak oil) in 2007, the ability to mask price rises has run its course. What comes next? I don?t think we?ll see an orderly rise in interest rates to normalize markets (normal inflation). I think the US dollar will collapse and we?ll experience hyperinflation (deflation?s evil twin) ? with only Gold and Silver surviving.
