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World Bank: Food prices at dangerous levels

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The World Bank(s) need to stop the speculation on food. --> If you buy a ton of corn = you must take delivery.

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That's right Badsey. It's the likes of Goldman Sachs and other speculators that are driving prices up. They should be banned from speculating on food, as they were in the past. People will go hungry and countries will be destabilised because the greedy bankers want even more money than they have already.

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Hadda know this was coming...

Two parties potentially responsible: china or us.... Take your pick!

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See? The world is becoming a better place (sarcasm).

Why are we regressing?

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And the government pays the farmers a few miles north of me to not farm to keep prices stable.

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and raise the cost of groceries

The author must have a Phd. to write this.

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World Bank: Food prices at dangerous levels

That's just the way the World Bank wants it, all the better to control the people and keep their domination. Ain't that right Global Exchange?

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People will go hungry and countries will be destabilised because the greedy bankers want even more money than they have already.

Agree with your sentiments but afraid you have not got it completely right. The bankers don't actually have any money. Every major US and world bank is totally bankrupt if they were subject to honest accounting. Total government and private debt in the USA alone is 65 trillion dollars, which is bigger than world GDP. Who knows what world total debt is. If even a small fraction of that is not paid back (and it will be a lot more than a small fraction) then they are wiped out.

Food prices are going up because central banks are counterfeiting money to try and cover that fact up. It won't work, but things are going to get much worse before that is admitted.

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Total government and private debt in the USA alone is 65 trillion dollars, which is bigger than world GDP.

That is one scary statistic!

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That is one scary statistic!

I worked for the IRS for a few years after college, as soon as you realize the government doesn't need to make sense the world becomes much easier to deal with. At the end of the day everything will collapse or it won't and if it does the least of my worries will be how much debt other people have.

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Debt....

Let's talk some corporate debt:

Fortune 1, walmart: debt 100 billion, income to service that debt about 25 billion.

Fortune 7 GE: debt 650 billion, income to service that debt about 25 billion also.

Is anybody worried about those debt to earnings ratios?

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Is anybody worried about those debt to earnings ratios?

Nope, Walmarts ratios and return on debt and asset rates are phenomenal and so is its inventory turnover. GE's a little weird but it's returns are generally pretty good and they have their hands all up in Uncle Sam's pockets so the risk is low.

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Let's add some govts:

US: tax revenue of 4.1 trillion to service 14 trillion in debt Japan: tax revenue of 1.5 trillion to service 10 trillion in debt

Anybody worried about those ratios?

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the least of my worries will be how much debt other people have.

TheQuestion,

I'll have a cold beer in your honour tonight, mate. Well said.

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Shouldn't this be good for developing countries, where agriculture tends to make up a larger share of the economy?

High agricultural prices pull in foreign income if the produce is exported, or reduces urban/rural economic disparities is the food is not exported.

The only losers would be net food importers and the uban poor. Even there, rich net food importers like Japan would benefit because they would be exporting, for example, yen that could be used to buy Japanese high-value-added products.

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thank obama ,pelosi and the Democrats and their deliberate debauching of the world's main reserve currency.

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I told you guys this was happening a while ago... I was called a fear monger

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Use coupons.

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Anybody worried about those ratios?

Still nope, see earlier post. Worrying doesn't do much good for anything. If the world made sense and people were logical beings we wouldn't need government anyway. Can't cure the crazy, you just have to deal with what they throw at you.

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