World Bank President Zoellick Says Surging Food Prices Have Pushed 44 Million People Into Extreme Poverty

Tyler Durden's picture

We give Robert Zoellick 4 to 6 weeks before he follows Axel Weber, Kevin Warsh and the COO of one of the bankrupt GSEs (we forget his name) into the sunset. The reason? After breaking ranks with the Criminal Bank Cartel last year and calling for a return to the gold standard, the president of the World Bank has dared to be the first among the institutional elite to point out that the cotton in the emperor's clothes, were he to be clothed in the first place, would have surged by 100% in less than a year. According to AP: "World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries." Not to worry. According to Fed VP Christine Cumming who spoke earlier somewhere, rising commodity costs merely indicate "stronger global demand." Oddly enough, it is this supposed demand for products that has forced 44 million people to enter "extreme poverty"... out of their own volition. We are  not sure, but something tells us the Fed's Cumming has a Ph.D.

From AP:

The bank says in a new report that global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food.

The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty since last June.

Zoellick said he expects food prices to continue to rise, and that export bans and weather disruptions are partly to blame.

Full report:


h/t Wes

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hedgeless_horseman's picture

It is articles like this that make me love my land and cattle that much more.  Thank you, God.  Maybe I will take a little horseback ride with my bride this afternoon, it is 72 degrees, and if I am lucky we might even dismount and roll around in the fertile soil under the pecan trees.

Cue the foolish rants about evil farmers and ranchers raising prices; pay no attention to the Chairman behind the curtain.

Sell your PCLN and NFLX, buy land and livestock.

High Plains Drifter's picture

Since we don't really own anything in this country anymore , because we are slaves,  I was just curious what type of pressure have you gotten over the years to conform?  Such as in reguards to your cattle, and your crops and your water, etc.

President Palin's picture

Since we don't really own anything in this country anymore , because we are slaves ...


not true.  we own ipads.

hedgeless_horseman's picture

We have heritage breeds, pasture, and crops that don't require irrigation or petroleum-derived fertilizer.

slewie the pi-rat's picture


and you rent crotchpads, sarah, and pull a lotta s'port, with that well-designed train, too, you cunt!

lQQk---stewie's up and chit chatting widda widderz and bears:

The Golden Tripod & The Crisis
By: Stewart Thomson



knukles's picture

We Love the new disposable iPads!

Missing_Link's picture

Exactly!  So I can play FarmVille on my iPad and grow all the crops I need!

h3m1ngw4y's picture

lol so funny


your ipads own you

superman07's picture

Of course, Doesnt it seem odd that there are so many local and federal initatives to kill small local farms and food providers.

When control via the fiat ponzi collapses the next tool will be control via food and infrustructure. Smart Grid my ass. Protest all you like, we will starve you of food, water, and power.

"Send me your tired, poor, etc." except they will be american citizens.

slewie the pi-rat's picture

i;m sure no one could beet yer meat, sir.

this is, just possible the same Workd WWBank.con that the cyan-eyed Wolf-0-Witch "C-hair-satan'd", or are ther 2 or 3, and you know it, but i don't?

well, that means this MUST be right, and not justa sheeple-scaring tactic, so "farmer's" can display their magnetic ignorance.  LQQK at the krauts, nuking their OWN double-lindy food etf, just possibly b/c they came, somehow, to see what it might be doing for the  PUT THE FOOD COMMODITIES ON CASH  NOW!!!

how d'ya like THAT idea?  HUH?

oh yeah, fuk you and the whore you rode in from, asswipe...



MayIMommaDogFace2theBananaPatch's picture

Jared?  They let you post from prison?

slewie the pi-rat's picture

EVEn in the Q, they let the boyz on Death Row have computurds.  love the halo! peace.

lol--5 junquez 4 playing tag w/my favorite foil, and straight man, the HH,  thnx again, mr bones.  now IS the best time to sell those two stox, but maybe we should focus, fuk-ass on other things than real estate and cattle, which take a lot of money and TIME to figure out 4 folks who haven't gone there, b4.  I would say sell everything that isn't REAL. get to cash and PMs, and then start shopping for yer very own personal shangri-la.  O-Key Do-Key? 

since there are so many peeps on this site that don't have yer pot 2 piss in, and world-wide, too, i'll stand with them, with yer permission, of course! while you cantinue to hang w/ the Keating 5, or whatever # it is now, if you don't mind tooo00oO much.

what is the "problem" rich people on this site working to get the food com's on cash in full to open?  please respond cogently, those of you who may be cape-able of such prose/pro's. 

hmmm, mathbee that's why i "like to" piss on yer head. 

oh, btw, i don't sell advice or "really good info"  b/c i'm an 'expert'.  i give it away, absolutely free, b/c iyam an arch-idiot. PLEASE chech this out.  PLEASE:

Bob Dylan - Idiot Wind lyrics

if ya don't like it here, go play in an udder sandbox wida bo-tox crowd.

and get fuked in the ass on the way!

LFMayor's picture

I say some stupid shit from time to time, but at least most of it is on purpose. 

That being said... who is this fucking idiot?

Judge Judy Scheinlok's picture


slewie the pi-rat's picture



after 40 years lol-crawling thru the desert, we don't like sand any more?

slewie the pi-rat's picture

i also dizagree w/yer "financial advice" to otherz.

you gatta nice ranch, and a 72 year-old bride, i'm envoy0ist, of course.

here's slewie's ad-vice:  sell EVErYTHING that isn't real, pay the taxes, if you must, and get to ground with CASH and PM's, NOW.

but maybe you LIKE black-bottomed pie.


SilverIsKing's picture

Do you know his bride?  Just wondering how you knew that she's 72 yrs old.

nope-1004's picture

And Benocide says "these talks of inflation are very much overstated".

What a liar.


CPL's picture

What should cause you to think is government think tanks and agencies are famous for understating problems and over stating anthills.

My guess is the number is closer to a half billion instead of 44 million.

yabyum's picture

There is close to that on food stamps in the US! The food banks that used to get food and cash from a lot of folks are now doling it out to those same people. We are a value meal and reruns of dancing with the shitheads away from riots in the streets.

phil silver's picture

Benny should get himself a job at Burger King:

Telling Big Whoppers

Oop!, I mean

Selling Big Whoppers.

Sizzurp's picture

Keep talking gold stadard Zoellick.  Stay on message.

whatsinaname's picture

Honestly, I fear looking at the gold historic chart ( I get a feeling that if the gold standard comes back gold itself could take a beating because today's interest rates are phony to say the least. I prefer it when they blow bubbles with fiat money. That makes gold very very bubbly too..

JW n FL's picture

***** "has forced 44 million people to enter "extreme poverty"... " *****


Has cause 44 Million People to Plant a Garden...





slewie the pi-rat's picture

lol.  nothing like being forced to plant or get planted!  nice. 

Zeroexperience2010's picture

Oil might follow cotton:

Egypt's oil and gas pipelines at a standstill


CPL's picture

It hasn't been doing anything since the union walked off the job last week and the US decided to protect it's interests with puddle pirates and marines.  Still trying to figure out what the US thought it would accomplish with that.

Apperently running a boat and shooting people is the same as professional docker workers that makes sure oil cargo vessels don't blow up when getting filled up.

Oh well, accident waiting to happen, can't wait to read about it on page three.

topcallingtroll's picture

SO what would it cost to provide food security for 44 million? Maybe the third world could defer a few fighter jet purchases or prevent the local dictator from stealing more than his alloted amount of gdp. Of course for free food the birth control has to be mandatory or we are just wasting our time.

MonsterZero's picture

"Of course for free food the birth control has to be mandatory or we are just wasting our time."


That's the damn truth of it right there.  Sorry to say if you can't live in a place where you can grow food to support yourself you should move... oh you can't move because there is no where to go not already crowded?   Goodbye.

slewie the pi-rat's picture

i like people who grow food 4 themselves and others.  and everyone who can't do it now should move, immediately or not sooner, and don't forget to take the year's supply in yer pantry with you when doing so!  there are gardens all over the city, here.  even the fabulous furry freak bros. had a garden, on a roof, with one rule:  clothing optional!

Zedge Hero's picture

Monster Zero-I think you need a little Sam Kinison to calm you down around here.

I only kill chickens and wheat's picture

Plenty of places left, my country neighborhood isn't prepared,

but I am, we've got plenty of land to use for food growing,

plenty of cows pastured next door. Plus they're all rednecks

armed to the teeth.

jus_lite_reading's picture

One does not need to have a PhD to see where this is going...

Zerohedge accordingly..

gwar5's picture

I love American Thinker. Great site. Good article.

Judge Judy Scheinlok's picture


slewie the pi-rat's picture

xlnt!  some cunt-puppetz get re-habbed b4 otherz!

Panafrican Funktron Robot's picture

Theories on the latest commodity futures price pullback?

Panafrican Funktron Robot's picture

Specifically, the grains selloff?  Very wierd/highly coordinated/probably manipulated.

CPL's picture

ETF's are removing themselves on the fact the price range the food stuffs are climbing cannot be insured or leveraged with the capital in the system without getting one massive humdinger of a bill at the end of it all.  The risk has nothing to do with good will, or a sudden boom in food stuffs.  It has to do with risk.  The commodities board isn't reflecting the reality of twelve of 16 world bread baskets going tits up, it's reflecting derivatives and the cost of leveraging credit or capital.

Same thing happened with ZSL, an Oil ETF, prices swooped around so much that all it did was cost a fortune because of leveraged decay built into any leveraged ETF.  Three years ago ZSL was a couple hundred bucks, after leverage decay, price resets, market doing insane adjustments.  It was Oil ETF's that got it between the eyes.  Now it's Oil and Anything that grows/Food ETF's.

And yes, of course the powers that be will attempt to manipulate the cost of food, but as the delivery end of food stuffs for just seed.  I'm not changing my price and I don't see anyone else doing it either.  Farming in North America has gone from hobby/lifestyle choice back into a career.  If people want to eat, including hedge fund managers and ETF underwriters.  That's the price that is going to get paid because breaking even sucks a bag of dicks.  

slewie the pi-rat's picture


jealous?  this is pretty old news, but accurate. too bad we just didn't go with negative income tax idea, 45 years, ago, eh?  it brobably woulda put lordy knows how many goobermint yo-y0's outa "business"!  why do we need blue stamps when the green stamps work so well, FOR CERTAIN THINGS???

why don't you offer to run the system yourself, with your computerz, for 2-3 cents on yer doll-aire?  or LESS?  go ahead, make everybody's day!

Hollow_Point's picture

All that food talk has CMG sliding. Can the PDs fix this in time?

gwar5's picture

Only extreme poverty? Global Benocide not working... must. print. more.

lynnybee's picture

someday these people will be gone.   the parasite has killed the host.   someday the WORLD BANK, I.M.F., & the FEDERAL RESERVE BANK will be gone.   & we'll go back to being agricultural here in this country.   That is what happens in 30 years of MALINVESTMENTS into PAPER.    Jim Rogers says that in 20 years it will be the farmers who will be driving the expensive sportcars.    30 YEARS OF MALINVESTMENTS / BANKERS START LOOKING FOR NEW JOBS ......


velobabe's picture

i am with you granny! i want to drive the tractor, i just do not have a green tumb.

D I E T, bitch†

slewie the pi-rat's picture

hey, linny, why don't YOU stop eating while yer waitin for this 2 happen?  we could use the space.

midtowng's picture

Wait a second. I thought that if someone fails and gets poor then they have no one to blame but themselves. Therefore, why should we care, right?

slewie the pi-rat's picture


i prefer to drive over em in my HUMMER, personally, but for all you success stories out there out there, any old suv wll work almost as well.

damn! there i go, preachin the choir, again. peace.