Archive
Mexico’s Big Freeze – 80-100% of Crops Damaged, Expect Shortages and Higher Prices
Kevin Hayden
I received an email from a reader regarding Mexico’s freeze damage over the last few weeks. In summary, large-scale producers of foods, such as Sysco, have sent out emails to major vendors explaining that there might be shortages of row crop foods due to freezing temperatures that hit Mexico. It goes on to say that Florida is normally the ‘Plan B’ as they grow many of the same varieties, but they’ve been hit hard by freezes as well and have lost most of their orange orchards.
It also details that expected shortages could be counted on 30-60 days from now and that Mexican farmers are still unsure of their next step – do they they try and quickly replant, hoping for a late March-April yield? Or disc the fields and wait? Other information coming in states that many of these crops have doubled, tripled or even quadrupled in price. For example, a carton of tomatoes went from $6.95 all the way up to $22.95 in one week. And that’s just one example!
This WILL affect your food cost and supply. If you’re not going to your local farmer’s market, now is the time to make friends and Read more…
Hosni Mubarak gives authority to VP Omar Suleiman
Egyptian Presidential Palace–
On October 14, 1981 Muhammad Hosni Sayyid Mubarak assumed the Presidency of Egypt following the assassination of President Anwar El Sadat. He is the longest-serving Egyptian ruler since Muhammad Ali Pasha. He announced today that he will not resign but will handover power to Vice President Omar Suleiman ,however, he will no longer run for office.
He quotes “Will work for a peaceful transition of power; says he wants honesty and transparency…I will not run for next presidential election; wants smooth transfer of power…Praises youth and sacrifices; says he will punish those responsible for attacks”
On Feb 4, 2011 there was a failed assassination attempt on Egypt’s vice president left two of his bodyguards dead.
Since January 25, 2011, for a total of 17 days, a popular uprising from the people of Egypt called for his resignation as president of Egypt due to corruptness and illegal activities that the government was associated with. Because of inflation, many Egyptians are currently struggling to feed themselves as the country’s food crisis is beginning to spiral out of control utilizing anywhere between 40 to 60 percent of their wages going to food.
With this announcement brings many questions to mind. Who will lead Egypt? What will the future of Egypt bring to the world? How will this affect the relationship with Israel and the United States? Is this just a preview of what is to come in other Middle East/ North Africa countries whom are in an eerily similar format? What will happen with crude oil prices? As of now all we can do is watch and see history unfold before our eyes. September awaits…
Grocery Bills Are on the Rise
THE EURO & U.S. DOLLAR COLLAPSE & DEVALUATION OF 50-70%
$2,000 Gold And 10 More Surprising Predictions From Credit Suisse
Gold is negatively correlated with real Fed fund rates
You’re not going to make money betting on the consensus. So if you’re looking for contrarian investments, Credit Suisse’s Andrew Garthwaite has picked out 11 economic events that are more likely than anyone thinks.
Surprise scenarios include $2,000 gold
by year-end. Several factors support this “surprise” including:
- Gold goes up when real Fed fund rates are negative — and they are
- Excess leverage leads to money printing or default
- China and Japan haven’t started Read more…
Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years
The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.
Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.
“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…
HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD
Ellen Brown
“What for a poor man is a crust, for a rich man is a securitized asset class.”
–Futures trader Ann Berg, quoted in the UK Guardian
Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people’s incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.
Follow the Money
The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve’s “quantitative easing” program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for Read more…
Even Donald Trump Is Warning That An Economic Collapse Is Coming
In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America. Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.
Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. The following interview with Trump was originally posted on Newsmax and it is really worth watching….
Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.
The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening. Read more…
A New World Order Reserve Currency
What do the riots in Egypt and a new world reserve currency have in common?
Perhaps more than we think.
Consider the following statements from George Soros in a recent interview:
Some statements of Soros (who happens to be a Fabian Socialist):
The efficient market hypothesis has failed.
Markets are not tending toward equilibrium.
There is imperfect knowledge of regulators and market participants.
He has an economic theory that is “more relevant” than the dominant one and is supporting an institute for new economic thinking….
Inflation (in the United States) is helpful because the burden of debt was getting too heavy.
The problem is you don’t have a Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
crisisboom
CRISISBOOM 
You must be logged in to post a comment.