We all know that the mess this country faces is primarily the result of high stakes games that were played by Wall Street’s financial wizards. The derivitives, the swaps, the pricing….it was all a game that was played both for and against all of us. Shelter and Food are the two pillars of human existence. They’ve gutted our shelter….now they’ve moved on to an even more vital commodity….FOOD!
WASHINGTON — Since July, the price of corn has jumped 62 percent. Wheat has climbed by two-thirds, and soybeans are 38 percent more expensive. For many of the world’s poorest citizens, the costs of both basic necessities and things that make life bearable are climbing out of reach: sugar has jumped by 81 percent, tea by 42 percent and arabica coffee by more than a quarter. Soybean oil has risen by half and fuel, overall, is a quarter more expensive than it was this summer.
Yeah…check this out
Brynjolfsson Interview on Fed Policy, Feb. 22
Feb. 22 (Bloomberg) — John Brynjolfsson, chief investment officer at Armored Wolf LLC, talks about the impact of Federal Reserve monetary policy on global commodity prices. Brynjolfsson speaks with Carol Massar and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg). Read more here: https://www.bloomberg.com/video/66953662/
(I Want) The Earth Plus 5%
https://www.larryhannigan.com/EarthPlus.htm#storytop
US Dollar Tumbles, Gold $1,410, Silver $33.50, Oil Near $100
Even with stocks struggling, the bull market in hard assets continues to roar. Oil assaulted the $100 level during intra-day trading, then pulled back below $98 before rallying to close near $99. The precious metals were strong despite options expiration as gold closed over $1,410 and silver closed above $33.50. The US dollar tumbled near the 77 level as an index. Read more here: https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/23_US_Dollar_Tumbles,_Gold_$1,410,_Silver_$33.50,_Oil_Near_$100.html