Wednesday, April 30, 2008

Speculation And The Next Bubble To Grow And Burst -- Food?

Unpleasant truths from Black Agenda Radio:

Read and weep.

Hear and sob.

After destroying the housing market and leaving the banking and lending industries teetering on the brink of failure, investors move to the commodities markets, pushing up the price of food through wild speculation. Waves of foreclosures may soon be complimented by hordes of hungry... right here in the supposed first-world. In the developing nations, already people are homeless and starving while we still pay farmers not to grow and divert food crops to run automobiles. I shudder to imagine the karmic repercussions.

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