US consumers will wage war for food: prices will jump 20% in 2011

This is about the 4th biggest load of shit I have heard this decade. Food prices are being forced up artificially. The futures market is responsible for the rise in price. It is another example of the rich getting fatter on the backs of everyone else. In 2008 we had a record grain harvest, yet the grain prices hit a record high. People starved so that investors could make a profit, while grain rotted in the silos.

I am not an economist, but I have been doing some research into this as of late.
Here what I have learned. Many third world countries are net importers of US grain. They get that grain by buying it on the futures market. Investors are competing with them, so they can resell the futures contracts at a higher price.
This drives prices up. Now most of these investors have no intention of using the grain. They just drive up the price so that they can make a profit. Meanwhile poor people starve, even though there is plenty of food.

I'm sure I am oversimplifying this a bit. I generally am disgusted by capitalism, so I do not study it overmuch. But that is the gist of it.

It appalls me that "The Greatest Country In The World" is not above making a buck off the starvation of people who are already dirt poor.

Grow your own if you can!!!

To help pay off the national debt why don't we charge the oil rich nations $100 per bushel of wheat, the same as they charge us for oil. Fair is fair, why do we take a screwing on our prices and pay out the highest prices ? They can't grow wheat and the US government won't let us drill for oil in Alaska, and they other major oil fields newly discovered. This is all done by control, the elite will screw us out of every dime we have until we make a stand.

Save the Earth...EAT the RICH !!!

http://www.businessweek.com/magazine/content/10_48/b4205026157483.htm?campaign_i...

Cotton prices have risen too. expect clothes to get as much as 30% higher by spring. Corn went from 3 something a bushel to as much as 5.65 a bushel in the last 6 months. I know I feed my hogs and cattle ground corn. I butchered my last cow earlier than I wanted to because it wasnt worth it to keep feeding him. The 6 hogs go in the next 4 weeks. I feel sorry for those of you who have to pay the stores the prices they charge for meat. Those who live in smaller towns and rural areas should put ads in the local papers looking for farmers who will sell it to you cheaper if you buy a whole cow or hog. The cost of a 15 cubic freezer will pay for it self the first time you fill it and you will know you have a well stocked food supply for the bad times that are sure to come eventually. A 1200 pound (on the hoof) cow will fit in a 15 cubic foot freezer or half a cow and a whole hog will.

The frustration is real. Each time we get into a period of cheap money as we have seen during the Greenspan years, we end up with a bubble.
Greenspan created the housing market bubble and we now know what that did to the American dream.
We now live in a Bernanke cheap period and we predict a new bubble. Only this time it will affect all of us twice as hard as before because it centers around something neither one of us can live without: food to feed our families.

too bad there are so many social programs to f^ck this up even MORE for the rest of us who are NOT scocial parasites! and the price of food is irrelevant to people who don't actually pay for it... you f^cking parasites! if it weren't for ass holes like them I could afford this price hike... now I'm almost forced to join them as a parasite myself just to keep eating! fuck scocialism! I diserve EVERY cent I work for and f^ck anybody who thinks they diserve a cut from my efforts! goddamn this pisses me off!!!!

People may finally start caring about monetary policy.

Too late the 20% jump occured in May of this year. Dump 600 Billion Dollars of Non-existant money into the Obama coffers and devalue the Dollar more...expect another 20% on top that.