Food riots have broken out across the globe destabilizing large parts of the developing world. China is experiencing double-digit inflation. Indonesia, Vietnam and India have imposed controls over rice exports. Wheat, corn and soy beans are at record highs and threatening to go higher still. Commodities are up across the board. The World Food Program is warning of widespread famine if the West doesn’t provide emergency humanitarian relief. The situation is dire. Venezuelan President Hugo Chavez summed it up like this, “It is a massacre of the world’s poor. The problem is not the production of food. It is the economic, social and political model of the world. The capitalist model is in crisis.”
Yeah. Article further suggests that people running out of the dollar are speculating on food, driving up prices – I can’t speak to that, I don’t know. But I do know that there should be a emergency fucking bill to kill the ethanol subsidies right the hell now before the US contributes even more to this economically-induced famine.