Global Economy // Current TV

Fiscal austerity measures driving global economy towards recession – UN

Fiscal austerity policies being implemented by countries are driving the global... more

joeeddy
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US, Europe risk another recession, report warns

No surprise here. I've been talking about the European crash comming for months.... more

Kelly_Balthrop
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2 months ago
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Gorka - Global Economy (Official Music Video)

Credits: Singer-Composer-Songwriter: Gorka Cruz Music Video concepts and directed:... more

Vierotchka
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3 months ago
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One Percenters Have the Most to Lose

Tea Partiers often cite the inability to cut budgets through the bone and still run... more

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3 months ago
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US and Europe Enraged Over Greek Democratic Referendum To Approve Eu Bail-Out Deal

George Papandreou has announced that there will be a Greek referendum to approve the... more

JanforGore
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3 months ago
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Project For A New American Century-Taking place now (?)

Don't let that title make you think this is something good- it isn't. PNAC,... more

JanforGore
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4 months ago
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23 comments

Capitalism's Cabal: The Companies that Run the World

A new analysis has revealed that the world’s ownership rests with just 1,318... more

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4 months ago
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Thailand suffers most expensive flood in history

Meteorologist Dr. Jeff Masters reports on the staggering floods that have hit... more

JanforGore
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4 months ago
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Worst Cambodian flood in a decade kills 167

Cambodia's worst floods in over a decade have killed 167 people, a disaster... more

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4 months ago
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"The Great Extermination:The Middle Class in America"

Wealth and power are rapidly becoming concentrated at the top and the large global... more

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Why is George Soros selling gold and buying farmland?

Food prices are skyrocketing all across the globe, and there's no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency). As the dollar drops in value due to runaway money printing at the Federal Reserve, the cost to import foods from other nations looks to double in just the next two years -- and possibly every two years thereafter.

That's probably why investors around the globe are flocking to farmland as the new growth industry. "Investors are pouring into farmland in the U.S. and parts of Europe, Latin America and Africa as global food prices soar," reports Bloomberg magazine (http://www.bloomberg.com/news/2011-...). "A fund controlled by George Soros, the billionaire hedge-fund manager, owns 23.4 percent of South American farmland venture Adecoagro SA."

Jim Rogers is also quoted in the same story, saying, "I have frequently told people that one of the best investments in the world will be farmland."

That's because demand for food is accelerating even as radical climate changes, a loss of fossil water supplies, and the failure of genetically engineered crops is actually reducing food yields around the globe. Ceres Partners, which invests in farmland, has produced astonishing 16 percent annual returns since its launch in 2008. And this is during a depressed economy when most other industries are showing losses.

Why growing and storing your own food can be a goldmine
All this means we can count on three things happening in the years ahead:

Prediction #1) Food supplies will become more scarce.

Prediction #2) Food prices will double over the next 2-3 years, and then probably double again in another 2-3 years.

Prediction #3) When food prices are 400% of today's levels, backyard farming or gardening pays off big in terms of real dollar savings.

In other words, as food prices skyrocket, it becomes increasingly more financially viable to grow your own food (or store it now while prices are low). I'm listing some resources below where you can learn more about growing your own food or storing high-density superfoods right now, but in the mean time, I'd like you to start considering the idea of starting your own garden in the spring.

You can't grow gold. You can't print your own currency (unless you're the Fed). But you CAN grow something more valuable than gold and money: Food!

Learn more:
http://www.naturalnews.com/033319_food_prices_farmland.html#ixzz1VJJLuwL0Food prices are skyrocketing all across the globe, and there's no end in sight.... more

JanforGore
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6 months ago
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Climate change: "last straw" pushes millions from their homes

With political will to dramatically cut the world's greenhouse gas emissions... more

JanforGore
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6 months ago
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The Global Economy: Speeding Toward a Fiery Crash

Even if the debt crisis is averted, is the global economy headed for a crash?

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7 months ago
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Rare snowstorm in South American desert imperils 40,000 llamas and alpacas; strands thousands

As Bolivia suffered its worst snowstorms in 20 years, thousands of people were left... more

JanforGore
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7 months ago
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Water privatization part of Greece's austerity plan

I personally believe this plan is a violation of the basic human rights of the Greek... more

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7 months ago
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Sustainable agriculture can help conquer hunger-UN

Industrial-style farming, often known as the "green revolution," has been... more

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8 months ago
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U.N.: Cancer, diabetes kill millions, cost trillions globally

Nearly two-thirds of deaths in the world are caused by noncommunicable diseases such... more

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8 months ago
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China evacuates 500,000 as dangerous floods break worst drought in half a century

In Zhejiang province, China, the worst drought in 50 years has been followed by deadly floods.

China has evacuated more than 500,000 people from deadly floods that are devastating areas in the south of the country following the worst drought in 50 years.

At least 105 people have been swept to their deaths or killed in landslides and another 65 are missing after rivers burst their banks. The authorities have issued the highest level of alarm about dykes and dams under dangerous pressure.

Television channels that were only recently broadcasting images of dried-up lake beds are now carrying footage of flooded homes and boats plying their way through inundated streets. China Daily said 550,000 people have been forced to leave their homes.

The dramatic shift is in line with weather trends identified by the Beijing Climate Centre, which says rain is coming in shorter, fiercer bursts, interspersed by protracted periods of drought.

The worst affected province is Zhejiang, where some stretches of the Qiantang river have risen to their highest level since 1955, according to the Flood Control and Drought Relief Office.

In the Zhuji district, which has had 40.5cm of rain since the start of the month, the Puyang river inundated 88 villages and 13,000 hectares of crops.

In neighbouring Jiangxi province, troops have helped 122,400 residents evacuate from vulnerable lowlands, according to the China News Service. Roads have been closed and bridges have collapsed in the floods, which have also affected Hubei, Hunan, Sichuan and Guizhou provinces.

Monitoring stations on 40 rivers have recorded water levels above the safety limit, including Asia's biggest waterway – the Yangtze – which is simultaneously suffering a flood downstream and a drought closer to its source.

Meteorologists warned that the torrential downpours are forecast to move southwards or inland. Li Xiaoquan was quoted on China's weather news website as saying that the rains were expected to affect Sichuan, Chongqing and Guangdong provinces before easing on Sunday.
_________________________________In Zhejiang province, China, the worst drought in 50 years has been followed by deadly... more

JanforGore
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8 months ago
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TAX HAVENS PROCESS HALF THE GLOBAL ECONOMY !

WHY DO WE HAVE HUGE DEBTS? BECAUSE CONGRESS HAS HELPED CREATE AND SUSTAIN... more

COMMONSENSEFORCOMMONGOOD_COM
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10 months ago
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Bangladesh: The Coming Storm

The people of Bangladesh have much to teach us about how a crowded planet can best adapt to rising sea levels. For them, that future is now.

We may be seven billion specks on the surface of Earth, but when you're in Bangladesh, it sometimes feels as if half the human race were crammed into a space the size of Louisiana. Dhaka, its capital, is so crowded that every park and footpath has been colonized by the homeless. To stroll here in the mists of early morning is to navigate an obstacle course of makeshift beds and sleeping children. Later the city's steamy roads and alleyways clog with the chaos of some 15 million people, most of them stuck in traffic. Amid this clatter and hubbub moves a small army of Bengali beggars, vegetable sellers, popcorn vendors, rickshaw drivers, and trinket salesmen, all surging through the city like particles in a flash flood. The countryside beyond is a vast watery floodplain with intermittent stretches of land that are lush, green, flat as a parking lot—and wall-to-wall with human beings. In places you might expect to find solitude, there is none. There are no lonesome highways in Bangladesh.

We should not be surprised. Bangladesh is, after all, one of the most densely populated nations on Earth. It has more people than geographically massive Russia. It is a place where one person, in a nation of 164 million, is mathematically incapable of being truly alone. That takes some getting used to.

So imagine Bangladesh in the year 2050, when its population will likely have zoomed to 220 million, and a good chunk of its current landmass could be permanently underwater. That scenario is based on two converging projections: population growth that, despite a sharp decline in fertility, will continue to produce millions more Bangladeshis in the coming decades, and a possible multifoot rise in sea level by 2100 as a result of climate change. Such a scenario could mean that 10 to 30 million people along the southern coast would be displaced, forcing Bangladeshis to crowd even closer together or else flee the country as climate refugees—a group predicted to swell to some 250 million worldwide by the middle of the century, many from poor, low-lying countries.

"Globally, we're talking about the largest mass migration in human history," says Maj. Gen. Muniruzzaman, a charismatic retired army officer who presides over the Bangladesh Institute of Peace and Security Studies in Dhaka. "By 2050 millions of displaced people will overwhelm not just our limited land and resources but our government, our institutions, and our borders." Muniruzzaman cites a recent war game run by the National Defense University in Washington, D.C., which forecast the geopolitical chaos that such a mass migration of Bangladeshis might cause in South Asia. In that exercise millions of refugees fled to neighboring India, leading to disease, religious conflict, chronic shortages of food and fresh water, and heightened tensions between the nuclear-armed adversaries India and Pakistan.

Such a catastrophe, even imaginary, fits right in with Bangladesh's crisis-driven story line, which, since the country's independence in 1971, has included war, famine, disease, killer cyclones, massive floods, military coups, political assassinations, and pitiable rates of poverty and deprivation—a list of woes that inspired some to label it an international basket case. Yet if despair is in order, plenty of people in Bangladesh didn't read the script. In fact, many here are pitching another ending altogether, one in which the hardships of their past give rise to a powerful hope.

For all its troubles, Bangladesh is a place where adapting to a changing climate actually seems possible, and where every low-tech adaptation imaginable is now being tried. Supported by governments of the industrialized countries—whose greenhouse emissions are largely responsible for the climate change that is causing seas to rise—and implemented by a long list of international nongovernmental organizations (NGOs), these innovations are gaining credence, thanks to the one commodity that Bangladesh has in profusion: human resilience. Before this century is over, the world, rather than pitying Bangladesh, may wind up learning from her example.

cont.The people of Bangladesh have much to teach us about how a crowded planet can best... more

JanforGore
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10 months ago
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