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The following article describes the expected soaring rise in food prices to hit countries all over the world and the possibility future food riots.
http://www.msnbc.msn.com/id/41062817/ns/business-consumer_news
There is quite a bit of information hinted at "between the lines" here. It's very interesting that a Mainstream source is reporting on the possibility of deadly food food riots in many countries that may become the norm. Within U.S. borders, the Department of Agriculture has given somewhat dire estimates of low grain inventories which is further indication that an unexpected incident could cut off supply lines and send prices soaring. Without reserves it seems that a natural disaster, terrorist incident or economic issue could create an inability for the U.S. to provide regular food supplies within its borders. What would happen then to prices when the laws of Supply and Demand kick in? Would we see our first food riots in First World Countries? Could Europe, Canada and U.S. see hungry masses like those in Africa? What will happen over the long term with the continued increases in demand from China?
Already we are seeing First World Countries sacrifice the populations of many developing nations in order to feed their own people. Is this an indication of an unsustainable "Food Bubble?"
Perhaps the most concerning issue is that most people will gloss over this article in attempt to get to the sports page. Without being alarmist, I see do see this as an early warning indicator.
Thoughts?
http://www.msnbc.msn.com/id/41062817/ns/business-consumer_news
There is quite a bit of information hinted at "between the lines" here. It's very interesting that a Mainstream source is reporting on the possibility of deadly food food riots in many countries that may become the norm. Within U.S. borders, the Department of Agriculture has given somewhat dire estimates of low grain inventories which is further indication that an unexpected incident could cut off supply lines and send prices soaring. Without reserves it seems that a natural disaster, terrorist incident or economic issue could create an inability for the U.S. to provide regular food supplies within its borders. What would happen then to prices when the laws of Supply and Demand kick in? Would we see our first food riots in First World Countries? Could Europe, Canada and U.S. see hungry masses like those in Africa? What will happen over the long term with the continued increases in demand from China?
Already we are seeing First World Countries sacrifice the populations of many developing nations in order to feed their own people. Is this an indication of an unsustainable "Food Bubble?"
Perhaps the most concerning issue is that most people will gloss over this article in attempt to get to the sports page. Without being alarmist, I see do see this as an early warning indicator.
Thoughts?