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The Chinese government started stockpiling food 3 years ago: What has the US government been doing beside spending money we don’t have?

March 1, 2011 Comments off

nowpublic.com

I wrote this three years ago, when the Chinese were reportedly stockpiling food in their cities. The world economic and political situation has worsened. With rising food prices, massive unemployment, union protests and government debt driving states to the brink of shut down and bankruptcy, the situation has worsened–and we owe the Chinese more than ever. ED.

by Monica Davis

Rumor has it that the Chinese government is advising its cities to start stockpiling food and fuel.  The government news agency reports that the central government has told the largest cities to stockpile at least two weeks of food, until the world economic turmoil caused by the banking industry’s foreclosure woes slows down.  Lots of luck on that.

With China’s exposure in the twitchy American financial markets, it is no wonder that the Chinese are getting nervous.  They have a lot at stake in the American economy, as do many foreign investors, past and present.

In a historical analysis of foreign investment in the United States, one writer notes that: Read more…