Forum Post: Democracy Now Headline

Aid Agencies Warn of Global Food Price "Castastrophe"

Key U.N. agencies are warning surging prices could spark a repeat of the food crisis that swept the globe in 2007 and 2008. In a joint appeal, the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development and the World Food Program say the world faces a "catastrophe affecting tens of millions" unless food prices can be brought under control. The appeal advises: "Two interconnected problems must be tackled: The immediate issue of some high food prices ... and the long-term issue of how we produce, trade and consume food in an age of increasing population, demand and climate change." http://www.democracynow.org/2012/9/5/headlines#954

Concerning futures trading: “David Pumphrey, Center for Strategic & Int'l Studies, Energy & Nat'l Security Program Dpty. Dir. On WA Journal June 28. 2011, was asked by callers about futures traders and other investors driving up the price of oil He said if their were illegal activities they'd be investigated but defended futures with the usual drivel about price stabilization. Like all the 'best and brightest' he overlooks the fact that all profit on investment drives up the prices the rest of us must pay for real products. Financial [abstract] profits are the most unnecessary part of the economy. The existence of for profit finance is the most destructive element that threatens our existence. But Pumphrey insisted that the superfluous profiteers are part of the market and futures gambling is just the way the market works. 'that's what they're supposed to do.' They're supposed to add unnecessary cost to the products we buy?”

“This is a typical example of how media is dominated by the opinions of the 10% [including the think tank shills of the master cons] who have the most to gain from the status quo and therefore do what they can, consciously or not, to obscure from us the information and analysis we need. They lie, dissemble, evade or whatever they can to keep us hoodwinked. They succeed because in general they are more articulate than we are. But more people are seeing through there bullshit everyday. And we're becoming either more articulate or more angry or both.”

Excerpt from: How Does That Work? https://www.createspace.com/3852916