Archive

Archive for the ‘Food Crisis’ Category

The Real Crisis That Will Soon Hit the US

February 21, 2011 Comments off
by Phoenix Capital Research
Forget stocks, the real crisis is coming… and it’s coming fast.
Indeed, it first hit in 2008 though it was almost entirely off the radar of the American public. While all eyes were glued to the carnage in the stock market and brokerage account balances, a far more serious crisis began to unfold rocking 30 countries around the globe.
I’m talking about food shortages.
Aside from a few rice shortages that were induced by export restrictions in Asia, food received little or no coverage from the financial media in 2008. Yet, food shortages started riots in over 30 countries worldwide. In Egypt people were actually stabbing each other while standing in line for bread.
We’re now seeing the second round of this disaster occurring in Egypt and other Arab countries today. Thanks to the Fed’s funny money policies, food prices have hit records. And even the Fed’s phony measures show that vegetable prices are up 13%!
The developed world, most notably the US, has been relatively immune to these developments… so far. But for much of the developing world, in which food and basic expenses consumer 50% of incomes, any rise in Read more…

NATO Warns of Food Crisis and More Unrest, Prices Increase 15% in Four Months

February 21, 2011 Comments off
The potential of high food prices to act as a trigger for social and political changes has been evident across North Africa and the Middle East in 2011. Higher food prices, coupled with a financial downturn, have impacted hard on the region’s people. Those hit hardest are the poor, who spend a higher percentage of their money on food. 

The World Food Program’s representative in one of the countries which has seen protests, Yemen, recently stated: ‘There is an obvious link between high food prices and unrest.’

Credit: NATO

The 2008 food crisis was a warning of things to come. More recently, food prices rose by 15% in just the period October 2010 to January 2011, according to the World Bank’s Food Price Watch.

This time, the impacts have been felt more keenly in political and security circles. The President of Read more…

Arrests as China web users call for revolution

February 20, 2011 Comments off

As many as 100 high-profile Chinese activists and human rights lawyers have been rounded up by authorities, according to their supporters.

They are reportedly being held in custody without charges.

The detentions follow calls on the internet for Read more…

China cracks down on call for ‘Jasmine Revolution’

February 19, 2011 Comments off

By CARA ANNA

The Associated Press
Saturday, February 19, 2011; 10:05 AM

BEIJING — Chinese authorities cracked down on activists as a call circulated for people to gather in more than a dozen cities Sunday for a “Jasmine Revolution.”

The source of the call was not known, but authorities moved to halt its spread online. Searches for the word “jasmine” were blocked Saturday on China’s largest Twitter-like microblog, and the website where the request first appeared said it was hit by an attack.

Activists seemed not to know what to make of the call to protest, even as they passed it on. They said they were unaware of any known group being involved in the request for citizens to gather in 13 cities and shout “We want food, we want work, we want Read more…

Dollar on the Edge of the Abyss

February 19, 2011 Comments off

By Toby Connor

The dollar is now poised on the edge of the abyss.

The current intermediate cycle has rolled over and is making lower lows and lower highs. The current daily cycle has formed a swing high and is in jeopardy of rolling over into a left translated cycle. If the dollar breaks below the November intermediate bottom of 75.63 it will be an incredibly bearish sign as not only will the current intermediate cycle have topped in only 4 weeks but the larger yearly cycle will also have topped in only 4 weeks.

If that happens there is little chance the dollar will be able to hold above the March`08 lows as the crash down into the three year cycle low begins in earnest.

Read more…

US price increases hit consumers

February 18, 2011 Comments off
WASHINGTON – US energy and grocery prices are on the rise, hitting already struggling consumers and posing a tricky dilemma for US policy makers.

Confirming what most US shoppers already suspected, the Labor Department on Thursday reported prices for everything from vegetables to unleaded fuel rose again in January.

The Labor Department’s consumer price index rose 0.4 percent for the month, a rate that was slightly higher than economists expected and which confirmed large price increases for commonly bought goods in the last year.

The figures showed gasoline prices have leaped over 13 percent in the last 12 months, while grocery prices rose slowly but Read more…

Farmers Deposit Seeds in Arctic Doomsday Vault, Patrolled by Polar Bears

February 18, 2011 Comments off

Matthew Hall

Farmers from Australia are the latest donors to a polar bear-patrolled Arctic doomsday vault that stores seeds as insurance against an international food emergency.

The Svalbard Global Seed Vault, a converted mine, is located about 800 miles from the North Pole in Arctic Norway.

An Australian delegation of farmers and scientists next week will deposit 301 samples of peas and 42 rare chickpeas in the vault, intending to protect the plant species from extinction by climatic or man-made events.

Snow blows off the Svalbard Global Seed Vault at sunrise, Tuesday, Feb. 26, 2008. 

John McConnico, AP
Australian farmers and scientists next week will deposit 301 samples of peas and 42 rare chickpeas in the Svalbard Global Seed Vault, shown here in 2008.

“It’s a very robust structure, concrete, made into the Read more…

World Bank: Food prices at “dangerous levels”

February 16, 2011 Comments off

Global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank.

The bank released a report Tuesday that said global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Bank President Robert Zoellick said the rising prices have hit people hardest in the developing world because they spend as much as half their income on food.

“Food prices are the key and major challenge facing many developing countries today,” Zoellick said. The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty since Read more…

Inflation in China rises as food prices soar

February 16, 2011 Comments off

A woman selects vegetables on a store inside a market in Beijing, China Tuesday, Feb. 15, 2011.  A jump in food prices pushed China's inflation higher

Consumer prices rose 4.9 percent, driven by a 10.3 percent jump in food costs, data showed Tuesday. That was up from December’s 4.6 percent rate and close to November’s 28-month high of 5.1 percent.  Inflation is politically dangerous for Beijing because it erodes the Chinese public’s economic gains and threatens acceptance of communist rule. China’s poorest families spend up to half their incomes on food and are hit hard by price rises.

In January, the price of fresh fruit soared by 34.8 percent over a year earlier, while eggs rose 20.2 percent, the National Bureau of Statistics reported.

Adding to a squeeze on food supplies, China’s wheat-growing northeast is in the grip of a severe drought that threatens its crop. Beijing has launched a $1 billion emergency campaign of cloud-seeding to induce rains and expanded irrigation.

Also in January, inflation that so far has been confined mostly to food began to spread to Read more…

Fresh produce prices to double or triple following freak freezes – is Earth in a magnetic pole shift?

February 15, 2011 Comments off

In an article posted on January 3 of this year, I predicted a rise in food prices resulting from freak weather events (http://www.naturalnews.com/030903_p…). Here’s what I said in that article:

By the end of 2012, I predict significant food supply disruptions in North America, brought about either by radical weather affecting crop yields or perhaps the invasion of disease indirectly caused by the over-use of pesticides or GMOs. The number of people in America struggling to feed themselves and their families will rise along with food prices. …Expect to see food prices climb with alarming speed over the next two years. While food won’t disappear, it will become significantly more expensive, causing more people to shift to subsidized foods (corn, sugar, etc.) which also happen to be some of the worst foods for your health.

Now there’s news from Mexico that the fresh produce normally shipped to U.S. grocery stores has been largely destroyed by the freak cold weather snap that struck the continental United States over the past 10 days. As a result, prices on cucumbers, zucchini, peppers, tomatoes and asparagus are set to double or triple starting right now.

Even worse, it looks like the supply of many of these items will be completely wiped out. You won’t be able to buy them, in other words, at any price!

This is the fallout from the worst freeze event recorded in Read more…