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World Bank President Zoellick Says Surging Food Prices Have Pushed 44 Million People Into Extreme Poverty
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.
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.
h/t Wes
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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.
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.
not true. we own ipads.
We have heritage breeds, pasture, and crops that don't require irrigation or petroleum-derived fertilizer.
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
We Love the new disposable iPads!
-Snooki
Exactly! So I can play FarmVille on my iPad and grow all the crops I need!
lol so funny
your ipads own you
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.
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 wwfamine.com. 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...
Jared? They let you post from prison?
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!
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?
WHY IS IT THAT YOU PEOPLES CANNOT PLAY WELL IN THE SANDBOX?
after 40 years lol-crawling thru the desert, we don't like sand any more?
which one, meyer?
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.
asswipe.
Do you know his bride? Just wondering how you knew that she's 72 yrs old.
i'm psy-sic.
And Benocide says "these talks of inflation are very much overstated".
What a liar.
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.
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.
Benny should get himself a job at Burger King:
Telling Big Whoppers
Oop!, I mean
Selling Big Whoppers.
Keep talking gold stadard Zoellick. Stay on message.
Honestly, I fear looking at the gold historic chart (www.chartsrus.com) 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..
***** "has forced 44 million people to enter "extreme poverty"... " *****
Has cause 44 Million People to Plant a Garden...
GREEN SHOOTS BITCHEZ!!!!
lol. nothing like being forced to plant or get planted! nice.
Oil might follow cotton:
Egypt's oil and gas pipelines at a standstill
http://debka.com/article/20670/
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.
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.
"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.
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!
Monster Zero-I think you need a little Sam Kinison to calm you down around here.
http://www.youtube.com/watch?v=P0q4o58pKwA
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.
One does not need to have a PhD to see where this is going...
http://www.americanthinker.com/2011/02/a_tipping_point_is_nearing.html
Zerohedge accordingly..
I love American Thinker. Great site. Good article.
I'M NOT A SCARDIE-KAT! HERE COMES THE GALATIC PLANE AND I COULD CARE LESS!!
xlnt! some cunt-puppetz get re-habbed b4 otherz!
Theories on the latest commodity futures price pullback?
Specifically, the grains selloff? Very wierd/highly coordinated/probably manipulated.
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.
A certain firm will be happy.
JPMorgan Is Making Big Profits From Food Stamps!
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!
All that food talk has CMG sliding. Can the PDs fix this in time?
Only extreme poverty? Global Benocide not working... must. print. more.
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 ......
i am with you granny! i want to drive the tractor, i just do not have a green tumb.
D I E T, bitch†
hey, linny, why don't YOU stop eating while yer waitin for this 2 happen? we could use the space.
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?
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.
I guess Zoellick is not BTFD
Perhaps they can begin breaking into their respective central bank vaults and commence the gold eating.
wait until the chinese drought is felt and china has to go to market for wheat.u aint seen nothing yet.
The "sign of strong demand" point of view actually has some merit.
Think about it like mice in a cage. When you have too many mice in a cage there is "strong demand" for food (mice have fast metabolisms and eat a *lot* of food). If the food is provided then for the most part they will eat it and be fine, though a few mice will feel overcrowded and will eat some of the other mice instead. These mice are on the "fringe" and just can't handle the overpopulation even though they have enough to eat.
If the keeper of the mice does not realize how much food the mice need and underfeeds them (or goes for a long vacation) then the mice will ruthlessly begin to eat each other to survive. Eventually there will be much fewer mice.
Of course, we humans are not mice and the Earth is not a mouse cage. Right?
Should also note that if the "mouse keeper" is gone and does not clean the mouse cage then the large amount of waste generated by the mice will continue to build in the cage, creating an environment even more ripe for disease and strife and eventual die-off.
here's a link for all you tinhorns and 'green' ditto-toes, from a guy w/ more REAL moxie than any 0' you homies. this is from the NEW stewie BRAND, ifsanyone can copy and think what on EARTH that might mean. the link:
tao
the name of the site?
"The Archdruid ReportDruid perspectives on nature, culture, and the future of industrial society"
this bullshit is published once/weak, on WEDnUSdaZe, like "clockwork".
a druid is a "pagan" who worships Nature, i think. this Grand one also seems to believe in & value non-violence, the planet, and the "little people", not to mention his own higher self. some of these gentle folks may also understand the "hidden symbolism" in folklore and fairy tales, too. who knowZ? at least they don't worhip themselves as the highest and bestest part of the solar system, or the uni-verse. and i certainly do realize that probably half of you good people h'a/i/'ve bin surfing w/ this dude for years, already, ok?
ok, put me back in the "p" box, please; the really impotent lynx are getting 2 me. i'm sorry, AgNT-HornZ, & i'll never do THAT again. s'il vous plEAT? truss me?
popsbubble, that is ONE of the reasons non-violence and inner discipline R sew necess-hary.
peace?
Small price to pay for the alien lizard overlords.
They taste like chicken.
i think they might taste more like squirrel. if slewie ever catches one, tho, i'm gonna put it ina cage and feed it a bologna sandwich twice a day. hey! if i put a liile ketchup on the sandwich, i could name the critter "Reaganomics"!
Goldman suks JP's Organ
Yes, OK, but do we really 'count' the extreme poor? I mean, seriously, those are mostly sub-humanoid creatures anyway. They can't even buy stock or options? What value do they have to the world?
Please, let 'em eat bread! No bread? Then eat cake!
My yacht is waiting for me.
Love,
Hank "The Skank" Paulson
http://archive.wbai.org/
Tuesday February 15 9:00am 1 hourNews
great interview here. "road map to catastrophe.."
http://wbai.org/index.php?option=com_content&task=view&id=10676&Itemid=141
Blankfein: "We're just doing God's work"
Which apparently includes calling many millions of his flock home to a big shanty town in the sky.
I LOVE INFLATION!
are you married?
NOT EVERYBODY CAN BE A MILLIONAIRE!! DEAL WITH IT!!
unless Bernanke gets his way... then everybody will be a billionaire...
"The "sign of strong demand" point of view actually has some merit."
So choke the demand off by increasing the currency value. Bernank seems to think that its not his problem but what he doesn't get is this is coming to a theater near us soon as they will simply export their inflation over to us.
I fail to see how a 1% rise in interest rates at minimum is going to "hurt" the recovery at this point.
The demand is caused by rapidly growing population and reduced efficiency due to escalating input costs and filling pollution sinks. (Don't misunderstand; there is also speculation and monetary policy helping with the price increases, but demand is really growing as long as the population and average standard of living is increasing.)
It is probably not possible to fix the input/output problems at this point. We are way over the tipping point before which we would have had time to act on these. The only way to choke off the demand is to choke off the source of the demand, which means either reducing the standard of living so people don't want to eat so much meat, or reducing the population growth, or both.
Increasing interest rates will help subdue these two demand drivers. But people will get poor and people will die.
This is part of the plan.
nice, jobe1234! just let sumbody else take care of this! that's V good! slewie has a plan to do this ourselves, but i kinda tink you might already no abt it. peace.
..."to enter "extreme poverty"... out of their own volition."
I'll take Downtrodden and Impoverished for $100, Alex...
Ph. D = [ Phuck Dis ]
hey! worked 4 me! also many otherz in the poverty, chased-titty(?), obedience camp.
my motto-moto?
BE SERVE GROW
Let them eat cake!
...Oh wait, cake is expensive now.
Let them eat fiat!
So by reading this article the prices aren't even close to what they should be, food is still cheap. The only external factor driving the prices, according to the release, is Oil.
There is no mention of a 25%-35% decline in production in the last ten years.
There is no mention of the extra 1 billion people walking around in the same time frame of ten years.
There is a brief measure of weather, which is passed off as a an unneeded fundamental need for food production...sigh...
Worst yet the conclusion reads like one of those moron supply side statists that believe nine women can have a baby in one month. Human race is doomed and good riddance.
"We are not sure, but something tells us the Fed's Cumming has a Ph.D."
With a name like that, and ability to effortlessly burp of spooge, she better be friggin hawt!
tyler seems 2 think so!
i hoe he doesn't think i'm going too fast trying to awaken the dead.
"the Fed's Cumming has a Ph.D."
http://www.newyorkfed.org/aboutthefed/orgchart/cumming.html
I've said for years that the Italians are charging too much for Parmigiano-Reggiano.
Yeah, but there are some wonderful 2005 Brunellos out there for less than 30 bucks.
Eat some over-priced Parmigiano Reggiano, wash it down with a nice 2005 Brunello and call it even.
I am hoping I never see a sentence with "The Fed's Cumming" in it again.
+1, got a laugh outta me.
thank god the dollar production is up
Long flax and cotton?
And how many of those 44 million are going to die?
Hitler's death toll will be tiny in comparison to the deaths by starvation caused by the Fed
Sadly there were about 1 billion hungry people due to our monetarist policies, but I had heard it was up to 1.5 billion. I guess now, in a sense, you could say 1.544 billion.
I guess it's all fun and games until it hits 2 billion, then it's on. (or in reality, it is A MAJOR ISSUE NOW!)
Genocide Ben strikes again.
Tyler,
You don't know your folktales very well, do you?
The emperor's clothes were made out of the finest spun GOLD, not cotton! As in he gave them the gold to work with and they did such a good job spinning the cloth that it was of such high quality that only those with the finest tastes could really appreciate it.
Sort of like what bankers do every day, make the gold disappear.
ahh i c what u mean
high HO silver!, bro.
long live utility-base'd "money" where the "value" of the script and the future earning of us (?) shall be determined by, who? accountants? no problem there. eh?
what the fuk did the founding motherZ know about this shit? anywhoo? they were just a bunch of masonic pre-post modern control freakZ who just wanted to replace slavery to georgie girl w/ slavery to them, right?
if yer not too busy fuking around with yer maresEAToats, please read what the styooopid Consitution sez about "money" not BEing ANYTHING 'cept, uh...gold & silver. Real Gold. Real Silver. Not papier. Not "spun" gold. capiche? no shitshy, ok, bro? nice to give each other a botherlee kiss now & then, eh?
keep the faith. got cash? PM'z?
peace.
According to Wall Street logic, these 44 million deadbeats obviously deserve to starve. Maybe if they would get off their lazy asses and take some risk vis-a-vis high intrest loans (30%) from the TBTF banks (or IMF) on free money they get for 0% then just maybe they wouldn't be starving. Worthless flotsam.
"They bought their tickets. They knew what they were getting into. I say, let them crash." -the movie Airplane
With the population just hitting 7 billion, human beings are no longer a scarce resource. As we all know, modern economics doesn't function when resources are abundant and cheap. So, the only logical conclusion is that the human resources must become more scarce.
No thread following a post about Zoellick should ever fail to mention he's an evil miserable continuous failure.. and that is in his best of times.
Google Zoellick and the PNAC for starters.
cyanKool. Duh. wonderful penmanship, too, i might add. t.y. Got cash? Got PM'z? a pax upon thou!
meh the world is overpopulated anyway.
looking around at a lot of people around me, it becomes evident this planet needs a new plague.
a-greed! but whytf izzn'T the one (plague) we're trying to struggle against inda hair & new good enuf? a sarc from the narc to you, too, homey. t.y. got cash? got PM'z? that paper might go up inflames sooner thanYa might think, friendZ.
love and peace.
Don't they know to just buy the fucking dips?!? No wonder they're poor!
like a joo banker cares about anything but money.
105 million children under the age of 5 die each year, and over 50% of them die from Protein Energy Malnutrition. Starvation, in simplest terms. And those who don't actually die - hundreds of millions more - will be unable to lead productive lives and will be a burden on their families and communities until they finally die, usually quite young, but not necessarily before they have a chance to reproduce.
As the price of food goes out of sight for poor people, who do you think will get to eat, and who will starve. Hint - you can always make more children. So Beelzebub Ben is not only stealing the souls of the poor, he is after the children, specifically. This is deliberate eugenics at its worst, and Beelzebub Ben should be indicted immediately and an arrest warrent issued by the Hague Court for his egregious crimes against humanity. He makes Stalin, Mao and Hitler look like amateurs when it comes to ethnic cleansing.
Obviously its immoral to intentionally deprive people of food.
On the other hand, there is something to be said for Noah, who, having lived to 950 years of age, had just 3 sons. Genesis 9:29 KJV
~Misstrial
to AmSpirit from Beelzabub's great-grandson: what if the Cabal controls the Hague? and the Plague? Holy marraige contract signed in blood Batman! nor OUR blood, blessingZ of Satan! our childrenZ!
got cash & PM'z? a pax upon U. we CAN deal with these shitheads. h0w? severely and w/ EXTREME 'prejudice'!!!
I'd buy a few acres and grow my own ketchup if I had the money to buy a few acres and the ketchup plants.
And your holy book also says "Suffer the little children ..." but I don't think it was meant in quite that way. And let's not forget "Blessed are the poor..." etc etc. Your "on the other hand" comment smacks of saying "well if they just wouldn't have so many children there wouldn't be so many children starving". Some Christian sentiment that is. What do think your blessed Jesus would have to say about Beelzebub Ben - hmmmm?
"Am. Spirt": prob. think he'd made friendZ w/ the wrong devil (the big guy? Satan?), and tag him as being a viper, aZ in: brood of same, friend. let's get biblical! here's my styooopid out-dated Friend, trying to speak the truth from the mount. or wuzzat from the plain? or both planeZ? (kjv, 0'c0urse!): Matthew 5. The Holy Bible: King James Version.
this is the version from the hill; Matthew was/is a Hebrew/jew. there are lynx to Luke's version, from "lower up". Luke was not one of the "chosen" people, but a greek (gentile) physician/healer/mage, almost like those corny astrologer "kings" that Luke sez followed The Star. Luke was also a "fellow traveller" w/ Paul. not Saul, Paul. at least "part-time". and they convinced the early "jewish" church to abrogate/amenD the "circumcision and dietary" laws so that the "plain" folkZ could join the "church", too, and accept their own "elect-ion". oh yeah---they [P&L] also established "6 (?) churches" and took up a "collection" which they presented to the joo bRudder-hoodZ, to "feed duh poor".. then Peter and Paul went to Rome by different routes, together, to die and nuke rome and take it over, in the "process". they 'died'. but they didn't die too young, imo.
now, if any of you "scientific" gene-modifing geniuses want to take me on, please be advised that i "believe" the flying pissghetto monster has actually eaten YOU, but hopefully not ALL yer children, quite yet, ok? and, iF ya REALly wanna play, pls also be advised that in order to ENTER this sight, you will be required to FIRST wriggle me this, worm-holerZ: how did "prehistoric 'man' " ever figure out how to "domesticate animalZ"? we'd all just love to know, and i'll stop there, 4 now, ok?
i know and "love" a person whose "father" once "taught" the beatitues to adultZ, but this "child" did not "get it" 4 some reason, or other. still in gooberville, i wld imagine, and still playing a V mean pin-ball.
saddle up! got the Precious? got the profane? got Peace?
slewie out.
Jomama, this planet has a new plague, same as the old plague: greed.
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http://www.nytimes.com/2011/02/15/business/15prices.html?partner=rss&emc...
The world needs to cleanse itself of the international banking cartel and institutional elites or else the world will simply die under the weight of imbalances.
"Blessed are the poor; for they shall inherit the earth. Better to be poor than be a fat man in the eye of a needle."