My last post
I am really glad that my first thoughts about this calamity is proved right after all this depressing news. The Bankers lost money from the bloody fracas they created out of bad credit. Now they want to make the money back. So how do they proceed. Buy the food stocks of the world and stockpile them. Then hold it increasing the price. Lots of people will die but who cares about it except lttle people like me who cry from inside. Everytime I throw a little bit of food, as they go bad I cringe from guilt. But the Bankers do not my dear friend. they laugh all the way to the.....
Listen to this article if you are not sure.
"Speculation in commodities – the first culprit
The immediate cause for the rise in food prices is the speculation in commodities mainly at the Chicago stock exchange. According to Jean Ziegler, one thousand billion dollars of the world money supply have been lost between October and January through market speculation on the world's stock exchanges. The big speculators, the hedge funds – that's not the Red Cross, says Jean Ziegler – now speculate in soya, rice, millet, wheat and corn. They are looking for maximum profit in agricultural raw materials and are thus pushing the prices up to an explosive level. They can buy up Brazil's entire soya harvest with only 5 % of real capital. This way they risk very little if the harvest turns out to be less than expected but they stand a good chance of making astronomical profits.
The cause is the speculation in commodities, the hedge funds that create money with money. It doesn't make money from production, from an industry, from creating something of value. It is a way of making gold with air ("Ils font de l'or avec du vent"). The speculators are not bothered with food security in the world; they go where they have to go to make maximum profits.
One thousand billion dollars of inherited property have been lost since October in the world's money markets which are no more profitable. The financial markets have collapsed. The margin of profit is negative. So where do they go? They go where the speculation is worthwhile and that is in agricultural raw materials.
Those speculators are criminals because we are dealing with crimes against humanity.
Since the bi-polar world system that existed before 1991 and the fall of the Soviet Union, there have been no obstacles to the savage capitalism that has now conquered the world.
UNCTAD – United Nations Conference on Trade and Development – is trying to rein in the WTO, which is the neoliberal institution that above all supports deregulation and privatization. UNCTAD is making efforts to exert a stabilizing influence on speculation in the commodities markets. However, capitalist market forces are too strong to be subdued by the well-intentioned efforts of a UN organization."
The rest of the reasons for the problem is in the article.
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