Posted by O'Possum/TX on 5/1/2008, 10:46 am
63.82.250.194 | Message modified by user O'Possum/TX 5/1/2008, 10:47 am
Global starvation? Blame the FRB!
Published on Tuesday, April 29, 2008.
Source: Online Journal - Mike Whitney
The stakes couldn't be higher for Ben Bernanke. If the Fed chief decides to lower rates at the end of April, he could be condemning millions of people to a death by starvation.
The situation is that serious. Food riots have broken out across the globe destabilizing large parts of the developing world. China is experiencing double-digit inflation. Indonesia, Vietnam and India have imposed controls over rice exports. Wheat, corn and soya are at record highs and threatening to go higher still. Commodities are up across the board. The World Food Program is warning of widespread famine if the West doesn't provide emergency humanitarian relief.
Want to know more? Click the link.
Have FUN!
O'
  |
|
Message Thread:
|
