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Record Chinese Drought Leads To "Crazy" Food Prices

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Tue, 05/31/2011 - 08:14 | 1324791 Rusty Shorts
Tue, 05/31/2011 - 08:22 | 1324801 Cash_is_Trash
Cash_is_Trash's picture

They should start printing reservoirs and filling them with printed rain water.

Tue, 05/31/2011 - 09:24 | 1324949 JW n FL
JW n FL's picture

http://www.youtube.com/watch?v=O5Xe_ATNWQQ

 

Al Bartlett on energy consumption versus population

 

http://www.youtube.com/watch?v=ClqUcScwnn8

 

David Rockefeller speaks about population control.

Tue, 05/31/2011 - 10:01 | 1325097 Antarctico
Antarctico's picture

David Rockefeller speaks about population control.

How about we start global population control by zero-sizing the entire Rockefeller clan?  I'm imagining a series of televised Thunderdome matches until there is only a single survivor. The winner's prize being a one-way ride into low Earth orbit, duct taped spread-eagle to the nose cone of a surplus shuttle solid rocket booster.  Think of the pay-per-view revenues on that very special event.  We can donate the profits to UNICEF -- it will be for the kids.

Tue, 05/31/2011 - 13:05 | 1325736 JW n FL
JW n FL's picture

 

rockefeller

 

1 problem is..

when the Rockefeller's tell the truth.. and people jump them.. that’s lends them the upper hand, because when the debate over the facts is had.. they will win.

 

Now, if you were to say that because the Rockefellers were guilty of leading the sheep around.. to NO! benefit of the sheep.. and to the benefit of the greedy who just are more and more greedy.. I would say kudos!

 

http://library.brown.edu/about/datacenter/

 

Social Sciences Data Center Links:
» Data Collection Development Policy
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» Federal Government Information
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» United Nations Government Information

 

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Tue, 05/31/2011 - 08:22 | 1324802 Oh regional Indian
Oh regional Indian's picture

I was about to point the same thing out. They are overt weather modifiers.

But, in the end, China really screwed themselves, badly, was building the Three Gorges Dam. No landmass can handle such a massive water imbalance and not suffer. THey tired to do Great Wall II and failed miserably. And talk about a strategic target/disaster waiting to happen.

And here in India, 30% rise in milk prices in the last 2 months, not a peek from the tube addled populace. They have a different teat now.

ORI

http://aadivaahan.wordpress.com/2011/05/26/the-video-trailer/

Tue, 05/31/2011 - 09:18 | 1324927 Hephasteus
Hephasteus's picture

People will acuse me of playing favorites but I worry about india. There's a bunch of assholes in the country but most of the people are just frikkin wonderful people. And so population dense that they are very fragile to shocks. I still like thai food better but only because it's indian inspired. But I still miss my malaysian ex-girlfriends cabbage soup even though it made you pee smell horribly.

Tue, 05/31/2011 - 11:21 | 1325426 Oh regional Indian
Oh regional Indian's picture

I worry for India too.

But there is an inevitability to grand super cycles, as you well know Heph.

It's just the old wheel turning away. We are always in a race against...? yup.

ORI

Tue, 05/31/2011 - 10:55 | 1325319 Urban Redneck
Urban Redneck's picture

Cloud seeding bitchez - uses more silver than US missles and is actually beneficial to those on the receiving end.

Tue, 05/31/2011 - 08:18 | 1324794 Hephasteus
Hephasteus's picture

Guess what I just learned.

Go Daddy.com is cia fuck cunts.

Don't they advertise a bunch on cnbc.

Tue, 05/31/2011 - 08:24 | 1324798 Vlad Tepid
Vlad Tepid's picture

Apropos of what again?

Tue, 05/31/2011 - 09:25 | 1324955 Hephasteus
Hephasteus's picture

I don't know but they are trying to spoof my connection and it's getting irritating. Pakistan caught them.

http://dprogram.net/2011/01/22/web-host-go-daddy-shuts-down-pakistani-we...

I just wish they would get over themselves. I don't like the new world order and george bush said either your against us or your with us. I'm against them. Load up the van and let's shoot it out already.

Tue, 05/31/2011 - 09:35 | 1325003 Rynak
Rynak's picture

Godaddy has so much shit on them (most of it privacy and customer-protection related), that i wonder why non-sheep even use them anymore.

Tue, 05/31/2011 - 08:23 | 1324796 eigenvalue
eigenvalue's picture

This is bullish for agricultural products and precious metals. Shall we celebrate it?

Tue, 05/31/2011 - 08:23 | 1324805 Vlad Tepid
Vlad Tepid's picture

To celebrate the starvation of Chinese people or the estwhile consumers of the food they will outbid for, you would have to be a fascist, Hitlerite anime Pikachuuuuuuu...oh, I see.

Tue, 05/31/2011 - 09:01 | 1324886 GetZeeGold
GetZeeGold's picture

 

I wouldn't celebrate it....but you damn sure better know how to trade it.

 

 

Tue, 05/31/2011 - 08:27 | 1324807 Drag Racer
Drag Racer's picture

"Chinese government at present is supporting cultivation of GM rice"

http://thaifinancialpost.com/2011/05/10/rice-exporters-warned-of-market-...

this is not the answer!!!

Tue, 05/31/2011 - 08:44 | 1324856 Bubbles the cat (not verified)
Bubbles the cat's picture

Errr.....but it's the answer for profit hungry, greedy fat bastards in multinational, vertically integrated agrichemicalmutantbusinesses who don't give a stuff about you, me or anyone else. They can piss in their own faces. My genes belong to me. Not some fatass fk from Shitsville.

Tue, 05/31/2011 - 10:37 | 1325251 goldfish1
goldfish1's picture
a new study http://indiatoday.intoday.in/site/story/toxin-from-gm-crops-found-in-human-blood/1/137728.html reveals an insecticide produced in GM corn actually gets absorbed into the human body.
Tue, 05/31/2011 - 14:06 | 1325959 hardcleareye
hardcleareye's picture

Junk science....... doesn't agree with my opinion or the profitability of the company I am invested in....  lolololol

Tue, 05/31/2011 - 13:00 | 1325737 Bubbles the cat (not verified)
Bubbles the cat's picture

Buh....only 1 measly flag!?! Again!?! After the best of my cheap, insipid, unevidenced, amateur, hollow, insincere, prosaic, dull, shallow rantings I still only get 1 stinkin' little flag. If this keeps up I'm takin' my sack fulla low quality, uninteresting, trashy little contributions and.....I'm goin' home.....(sniff sniff)....

Tue, 05/31/2011 - 08:28 | 1324808 williambanzai7
williambanzai7's picture

There is something else going on here. I live in Hong Kong where food prices have increased slightly, but nothing like this.

In Shanghai, where I lived for several years, the price situation is exacerbated by the high concentration of higher paid workers and foreigners as well as real estate and energy costs.

Tue, 05/31/2011 - 09:21 | 1324937 Ben Fleeced
Ben Fleeced's picture

William, Thanks agian for the post yesterday. The human side of war should be kept front and center.

Tue, 05/31/2011 - 13:44 | 1325873 hardcleareye
hardcleareye's picture

+++ Banzi, that was an excellent post, I found it enlightening and disturbing...  good work!

Tue, 05/31/2011 - 12:47 | 1325699 Saxxon
Saxxon's picture

Why is Banzai junked for this correct information?

My mother-in-law, who lives on the mainland, reported that people in Shenzhen are crossing over to buy soy sauce in HK!

Tue, 05/31/2011 - 14:02 | 1325947 hardcleareye
hardcleareye's picture

It appears that Hong Kong has always depended heavily on food imports, perhaps they have the ability to source other suppliers not available to Shanghai?

 

Tue, 05/31/2011 - 08:37 | 1324837 Bubbles the cat (not verified)
Bubbles the cat's picture

Is this a surprise to anyone who has been watching changing patterns of agricultural production and practices, commodity prices, land utilization and labour movements over the last 20 years? Now is way too late to be worrying about where the next meal is coming from. Best we can hope is we get a return to more predictable seasonal weather patterns. Oh....yeah...wonder how fresh water supplies are holdin' up round the globe?

Tue, 05/31/2011 - 10:44 | 1325269 goldfish1
goldfish1's picture

Midwest crop plantings are badly delayed from the ceaseless rain. A local farmer of 700 acres planted 30 acres so far. Farther south, they can't get the machinery in the fields.

Same story all around.

OTOH, earth gets a break from monsanto pollution and poisons.

OTOH, I want to plant my stuff and eat it this year.

Tue, 05/31/2011 - 13:34 | 1325816 hardcleareye
hardcleareye's picture

Fresh water supply...like the in the mid west Ogallala Aquifer? 

Or maybe in china

"...a World Bank-->World Bank report: “Anecdotal evidence suggests that deep wells [drilled] around Beijing now have to reach 1,000 meters [more than half a mile] to tap fresh water, adding dramatically to the cost of supply.”  This was published in Jan 2010... 

Or how about the Floridian Aquifer.... 

You must be one of “those green hippy liberals” to EVEN suggest that the weather patterns might be "Abby Normal"....  so the Northwest Passage is ice free for the first time in recorded human history.  This is NOT due to that "junk science climate change crap", that's designed to scare you and manipulate you into spending honest taxpayer's money on their "junk science" research!!! It is much better to spend taxpayer money on tax breaks to the hardworking patriotic American oil companies, they at least proved honest good paying jobs to Americans and are working hard to improve and support the American economy.

The UN Climate report was a first draft "piece of crap" and was written to try to scare the global population into succeeding global  control over to the UN.  Anyways most of the contributing "scientist" have since "retracted" their findings and admitted that they were fake....  the emails published proved that they lied.  The UN even admitted that they made mistakes in the Report, what more validation do you need to discredit the whole report....

This is the same type of "junk science" research that claimed DDT and low level radiation is bad for you, didn't you know that the banning of DDT

"..caused over 50 million preventable malaria deaths and hundreds of millions of cases of painful, debilitating, poverty-causing malaria (in the developing world)," said Brian Fischer, director of issue analysis for government public policy at the American Family Association.

And we all know that Ann Couture says that Low level radiation is actually good for you, and SHE is an expert!!! 

LA LA LA LA LA , I've got my hands over my ears, I don't want to hear anything, I'm not listening...............

<sarcasm and ranting off>

 

 

Tue, 05/31/2011 - 08:39 | 1324839 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Humans should have to fight for food like animals do; that would ensure the survival of the fittest, and eliminate the ridiculous welfare communism we live under today.

Tue, 05/31/2011 - 08:47 | 1324870 LRC Fan
LRC Fan's picture

I agree with your sentiment but it doesn't have to come down to battling your neighbor for the last scrap of bread...free markets tend towards more wealth creation, better problem solving, and efficient production in all areas, including food.  If we had completely free markets, with no central banks, no fiat money, no taxes or state regulations, no one would go hungry.  It might take some time to rebalance production from the horrible malinvestments caused by the Fed, but eventually things would get a lot better and we would all be fed.  Once the world is fed via the invisible hand of the free market, we would advance on to ever more efficient and complex tasks such as curing cancer and other diseases, exploring space, etc etc.  But we are held back by the government.  The government makes it extremely unprofitable to explore space, create better transportation options, cure certain diseases, and feed the needy.  You need a permit for everything and everything has taxes and fees baked in. 

Tue, 05/31/2011 - 09:24 | 1324950 Ben Fleeced
Ben Fleeced's picture

"...it doesn't have to come down to battling your neighbor for the last scrap of bread..."

Until it does.

Donner party of twelve, Donner party of twelve. Your table is ready.

Tue, 05/31/2011 - 08:50 | 1324874 Bubbles the cat (not verified)
Bubbles the cat's picture

You're jokin' right? We've been fighting like animals over resources (food, water, space, breeding rights) for well over 50,000 years. Which planet have you just stepped off?

Tue, 05/31/2011 - 08:46 | 1324851 LRC Fan
LRC Fan's picture

Transitory. 

Tue, 05/31/2011 - 09:16 | 1324914 GetZeeGold
GetZeeGold's picture

 

Transitory.

 

One word and it gets my vote for post of the decade.

 

Tue, 05/31/2011 - 09:26 | 1324973 Ben Fleeced
Ben Fleeced's picture

Donner party of ten, Donner party of ten? Your table is ready.

Tue, 05/31/2011 - 08:47 | 1324854 Rynak
Rynak's picture

White swans are now an endangered species.

Tue, 05/31/2011 - 08:49 | 1324860 lizzy36
lizzy36's picture

Nothing destabilizes a population like hunger. Nothing.

A couple months of this and China will have to quit bailing out Europe (and tripling down on its own bad investment choices) and start buying that UN chick pea paste.

Tue, 05/31/2011 - 08:50 | 1324875 topcallingtroll
topcallingtroll's picture

All in all I am glad to be an american.
14 percent of income spent on food.
China is closer 50 percent.

CRUSH THOSE PEGGERS BEN!

Tue, 05/31/2011 - 11:40 | 1325506 hardcleareye
hardcleareye's picture

14 % for now, that may change in the very near future....

Tue, 05/31/2011 - 09:02 | 1324889 White.Star.Line
White.Star.Line's picture

Good thing the US has the great "flood and tornado" spring to blame for our rising food prices, instead of the Federal Reserve's monetary policies.

Tue, 05/31/2011 - 10:46 | 1325284 goldfish1
goldfish1's picture

Good thing the US has the great "flood and tornado" spring

Float a few headlines and voila.

Tue, 05/31/2011 - 11:02 | 1325339 White.Star.Line
White.Star.Line's picture

Maybe some of us here should start writing the articles in advance for the propaganda machine.

Tue, 05/31/2011 - 09:11 | 1324910 Whatta
Whatta's picture

Position advice for this weeks trade...go long aphids, short turnips and beets.  Neutral in chickens beaks.

Speaking of drought, we still have a doozy here in TX and much of the southwest and many farmers are liquidating livestock due to lack of pasture vegetation.

I bought the property that I am currently living on back in 2004 from an elderly rancher that purchased the place in the early 1950's. There is a large stock tank (pond) on the place that he contended had never been dry since he had it built in the 1950's....and I somewhat believe him because of the presence of fish in the tank. Well, in the time since we have been owners it has been dry once and is down to the bottom scummy water currently and will probably be dry again within a few weeks without significant rain. Lucky me...two highly significant droughts in less than a decade.

Tue, 05/31/2011 - 09:22 | 1324939 qmhedging
qmhedging's picture

Too late in the news,China will get sufficient rain in June.Annual CPI 4% target is non-negotiable.

Tue, 05/31/2011 - 09:32 | 1324983 Texas Gunslinger
Texas Gunslinger's picture

For about a year, ZeroHedge was blaming every increase in food or commodities on Bernanke.  It didn't matter what commodity, where in the world, or what the real cause was, every price increase was supposedly Bernanke's fault.

It is very refreshing to see ZeroHedge finally assign blame where blame is due. 

 

Tue, 05/31/2011 - 09:41 | 1325021 tmosley
tmosley's picture

Yeah, because we all know that printing money NEVER lead to rising prices before, just like we all know that you are a unique little snowflake who never posted under any other names before.

Tue, 05/31/2011 - 10:17 | 1325151 Vlad Tepid
Vlad Tepid's picture

You could just quote Milli Vanilli and say "Blame it on the Rain".

Tue, 05/31/2011 - 10:47 | 1325289 russwinter
russwinter's picture

Predicting Riots, Civil Order and Revolution:

http://www.wallstreetexaminer.com/blogs/winter/?p=3813

Tue, 05/31/2011 - 09:55 | 1325059 brian0918
brian0918's picture

Is the drought really to blame? It's as if people never thought of holding emergency reserves. The reality is that reserves are low due to inflation, and a drought that normally wouldn't have been a big deal is now a big deal.

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