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No Edible iPads Here: Cost Of Argentina Bread Doubles - Wheat/Flour Prices Frozen

Tyler Durden's picture





 

Over two years ago we highlighted just how out-of-touch with reality our central planners are when we exposed Bill Dudley's infamous inflation comments. Now it seems, Argentina is taking over the mission of totalitarian supreme command (or government gone mad). While not publicly admitting they have a problem, despite the price of bread doubling to 20 Pesos in the last year alone, Bloomberg reports the government plans to apply a 1974 law that forces holders (on penalty of fines and prison) of wheat and flour suitable for bread-making to sell it in the domestic market. This entirely un-free-market response to the dreadful reality in the nation comes on the heels of the freezing of prices on 500 goods at Supermarkets back in February and, unbelievably, suggestions that citizens combat higher prices by "baking bread at home." How long can a country plunge into a hyper-inflationary spiral before the people 'coup-like-an-Egyptian'?

 

Via Bloomberg,

Argentina plans to apply a law that forces holders of wheat and flour suitable for bread making to sell stock on the domestic market in a bid to contain inflation.

 

Interior Commerce Secretary Guillermo Moreno announced the measure in the official gazette today. The 1974 law allows authorities to freeze prices and obliges companies to maintain supply. Those in breach are subject to fines and imprisonment.

 

“If the law on supply is applied, the one who should go to jail is Moreno himself,” former Economy Minister Martin Lousteau said in an interview with Radio Mitre today. “He’s to blame for the lack of wheat in Argentina.”

 

Argentine wheat production has decreased since 2006, when President Cristina Fernandez de Kirchner’s predecessor and late husband Nestor Kirchner set export quotas. Lousteau was appointed by Fernandez in December 2007 and resigned four months later amid disputes over a bill that sought to increase export duties, a move that led to a four-month farmer protest and failed to move through Congress.

 

The rising cost of wheat locally has pushed up the price of bread to 20 pesos per kilo ($3.70), double year-ago levels, according to Abeceb.com research company.

 

...

 

Moreno closed stores owned by Wal-Mart Stores Inc., Carrefour SA (CA) and Cencosud SA (CENCOSUD) for a few hours yesterday after the government found shortages of some goods. Grocers agreed last month to freeze prices of 500 goods and ensure supply as part of the government’s efforts to stem inflation.

While the national statistics agency said prices rose 10.3 percent in May from a year earlier, private economists estimated prices rose 23.4 percent in the same period.

Last week, the consumer protection agency recommended Argentines combat price increases by baking bread at home, posting recipes on its website under the title, "hot bread, flour at frozen prices."

 


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Fri, 07/05/2013 - 19:14 | Link to Comment yogibear
yogibear's picture

When will the rest of the world stop accepting the US currency and it's promises?

Expect the US fed to keep devaluing the US dollar and BSing the rest of the world, just like Argentina was doing. 

Fri, 07/05/2013 - 19:22 | Link to Comment wee-weed up
wee-weed up's picture

Thanks to Bennie and the Inkjets, this is coming to a US city near you before long...

Are you rolling in that dough yet?

Bread dough, of course... according to Argentina, you're gonna have to bake your own!

Fri, 07/05/2013 - 19:28 | Link to Comment IndyPat
IndyPat's picture

Word.
And how long of a time interval is it between the "Bake your own bread" article in the NYT to the No. 1 "Cannibal Cookbook - Easy recipes for today's hectic lifestyle" in the book review?

Fri, 07/05/2013 - 19:50 | Link to Comment spine001
spine001's picture

The economic, financial, political, security, safety, environmental situation in Argentina is SO BAD that it makes the USA look like a Beacon of light and purity. Corruption in Argentina is overt, at least in the USA they try to make it covert. In Argentina when the Supreme Court rules against the wishes of the President, the local IRS starts investigating the President of the Supreme Court the next day... And his finances get exposed on National TV. At the same time a friend of the Kirchner family who was a Bank Teller until a few years ago is now a multibillonaire who competes for public tenders with several companies that are all owned by him (and NO other competitors). The bribes are measured by Pounds and not in money amounts due to the difficulty in transporting the bills, they prefer Euros because they have 500 euros bills... It goes on and on...

Fri, 07/05/2013 - 19:57 | Link to Comment WmMcK
WmMcK's picture

I prefer 1000 CHF notes because, well you know.

Mon, 07/08/2013 - 21:24 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I'd be so relieved - after all, I can't eat my dollars.

Fri, 07/05/2013 - 21:01 | Link to Comment Harbanger
Harbanger's picture

Argentina is one the wealthiest countries in the world in terms of natural resources.  But when a country is run by skumbag socialist bastards you will starve in a field of plenty.

Fri, 07/05/2013 - 23:24 | Link to Comment garypaul
garypaul's picture

I suppose it would be much better under the "free market" bankster dudes.

Sat, 07/06/2013 - 04:16 | Link to Comment Popo
Popo's picture

Please tell me you're not ignorant enough to believe that bankers are free market capitalists, or that our current crisis is a crisis of capitalism.

We have a crisis of a fascist government kleptocracy which services the corporate oligarchy.

Socialism is what's happening in Argentina right now and it will absolutely destroy them. There's a reason the shelves were bare in Soviet supermarkets. If you put price controls on food, the profit margin vanishes and the producers stop going to work. Productivity collapses and famine ensues. That's socialism and it works the same way every single time. Millions starve. Tens of thousands die. Suffering goes exponential.

Free market capitalism works, but it must be defended against oligarchs, monopolists and corrupt politicians who turn it into oppressive regimes like we have now. The answer is most certainly not the nightmares of socialism.

Sat, 07/06/2013 - 08:13 | Link to Comment SWRichmond
SWRichmond's picture

+1.  Price controls on food lead directly to mass starvation.  This is well known.  Then, from the ensuing panic and chaos, government will grab still more power.  This is how it works, how it always has worked.

Why don't they just be honest about it and fly a plane into a building?

Sat, 07/06/2013 - 10:59 | Link to Comment Seize Mars
Seize Mars's picture

You know one would think that the data points are easy enough to read, even for the great unwashed masses. But there are still those who believe that Socialism is...um, "for the people."

Ignore the mountains of corpses over there. It's "for the children."

Mon, 07/08/2013 - 21:12 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

A well organized socialism of able people can work just as well as capitalism. Not the same but beneficial. The problem is if you let stupid people take part & you use force to keep smart people joined against their will. Socialism doesn't need to operate that way any more than capitalism needs to legalize fraud as just another "part of the market" to be respected.

Fri, 07/05/2013 - 19:50 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

And how long of a time interval is it between the "Bake your own bread" article in the NYT to the No. 1 "Cannibal Cookbook - Easy recipes for today's hectic lifestyle" in the book review?

Former NYPD cop Gilberto Valle is just a misunderstood trendsetter.

http://www.nydailynews.com/new-york/cannibal-faces-life-guilty-conspirac...

Fri, 07/05/2013 - 20:28 | Link to Comment IndyPat
IndyPat's picture

Well, there you go. Something to do with his time in Rikers...outside of his bitch duties, which will be legion, considering his résumé.

Sat, 07/06/2013 - 02:15 | Link to Comment Theosebes Goodfellow
Theosebes Goodfellow's picture

About the same amount of time it takes them to convince the public that household pets are "nutritious and delicious".

Fri, 07/05/2013 - 20:10 | Link to Comment NoDebt
NoDebt's picture

Long Bread Helmets.

Fri, 07/05/2013 - 23:48 | Link to Comment Never One Roach
Never One Roach's picture

True, but luckily for Argentinians, their "core inflation" is listed officially as much less, right?

 

Whew! I got worried there for a moment.

Fri, 07/05/2013 - 19:15 | Link to Comment Stockmonger
Stockmonger's picture

All hail Krugmantina!

Fri, 07/05/2013 - 19:16 | Link to Comment IndyPat
IndyPat's picture

'coup-like-an-Egyptian'?

Pure Tyler awesomeness!
Imma have to borrow that one.

Fri, 07/05/2013 - 19:54 | Link to Comment spine001
spine001's picture

No coup in Argentina, the Argentinean president just changes the leaders of the military, with previously groomed friends that own mansions that could have never afforded with military salaries. Those friends have infiltrated all three armed forces. There won't be any coup in Argentina. And rebellion? No way, the "barra bravas" are "crazy" soccer fans that profit selling everything there is to sell around soccer matches, most of then consume drugs and work for the politicians doing the dirty work. They infiltrate any protest they get hired to inflitrate and do whatever they are asked with no barriers.

Fri, 07/05/2013 - 21:07 | Link to Comment wee-weed up
wee-weed up's picture

Sad, but isn't that the same as it is here under the banana-republic Obama regime?...

He has put his hand-picked perfumed generals in all the high-ranking positions of leadership.

And thus, when commanded to fire on their fellow citizens, would not hesitate one second to do so for their Dear Leader!

 

Note:

And I say that as one who served 8 years (long ago) in the US military, and am very proud of my service...

but I'm disgusted by what I see now as the "kiss-ass" to get ahead motives I see in today's military leadership.

One word for them... shame!

Fri, 07/05/2013 - 23:13 | Link to Comment otto skorzeny
otto skorzeny's picture

a slip of the tongue and they could lose that fat fucking pension- or be released into the big bad world of the shitty US economy- which all .gov workers know is fucked up.

Fri, 07/05/2013 - 20:03 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Like an Egyptian army that is to say. Note Venezuela exports wheat, right there in the article. Net exporter, it is to be assumed. Egypt cannot under any circumstances likely to exist in the next decade, provide enough calories from its own agriculture to prevent mass starvation. It has to buy them. This is the reason the people were in the streets. Egypt ran out of reserves with which to pay for food and fuel, after rationing it pretty hard to begin with. Tourist income got zeroed. Thanks islamists! Venezuela is way less backwards, having ten times more clits per woman than Egypt, and a similarly giant advantage in literacy among its poor. In Egypt, the hunger has gone on so long that almost half of its adults are physically and neurologically stunted.

Fri, 07/05/2013 - 20:13 | Link to Comment otto skorzeny
otto skorzeny's picture

10 clits per woman? my tongue would be worn down to a bloody stump.

Fri, 07/05/2013 - 20:23 | Link to Comment IndyPat
IndyPat's picture

"Ten times more clits per woman"
Funny, Simon Black DID FUCKING NOT mention that fact in his spell binding journals.

Fucking hysterical! Calling my travel agent and stashing wonder bread in my luggage as we speak. Viya Con Dios, Bitchez!

Fri, 07/05/2013 - 21:25 | Link to Comment duo
duo's picture

bring some yeast and you can do both at the same time.

Fri, 07/05/2013 - 22:19 | Link to Comment SDShack
SDShack's picture

Gives new meaning to the phrase "Let them eat cake!"

Fri, 07/05/2013 - 23:28 | Link to Comment garypaul
garypaul's picture

TBT, your comment "Venezuela is way less backwards, ...having clits..." is absolutely correct. The Eastern countries (including India) are so backward that there is truly no hope at all in the future (except unless there was a total wipeout catastrophe).

Sat, 07/06/2013 - 00:09 | Link to Comment Son of Loki
Son of Loki's picture

...and in 'Barbaric' Brazil....

 

Octavio da Silva Catanhede Jordan was reportedly butchered and decapitated by a violent mob last week (Photo: FOXSports.com).

An amateur soccer match turned outright barbaric, leading to the deaths of a match referee and player in northeastern Brazil.

According to multiple reports from Maranhão, match referee Octavio da Silva Catanhede Jordan allegedly stabbed Josenir dos Santos Abreu to death after an argument with the player during a game on June 30.

The 20-year-old referee reportedly had a knife with him at the match and attacked Santos Abreu. The 31-year-old footballer was pronounced dead on arrival by a local hospital.

What subsequently happened was more appalling.

After witnessing the horrific attack, family and friends of the player reportedly invaded the pitch to lynch the referee, who was gruesomely quartered and decapitated by the mob, which later hung his head on a stake.

 

http://blog.foxsoccer.com/post/54702157659/brazilian-referee-reportedly-...

Sat, 07/06/2013 - 05:24 | Link to Comment New World Chaos
New World Chaos's picture

And yet this never happens when cops or judges do something morally equivalent.  Sports = just another lobotomy / rage outlet.

Sat, 07/06/2013 - 14:19 | Link to Comment roadhazard
roadhazard's picture

Can I see the replay.

Mon, 07/08/2013 - 01:07 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

I am the Walrus,

Coup Coup Kajoob!

Fri, 07/05/2013 - 19:18 | Link to Comment moonstears
moonstears's picture

Ahh...inflation and price controls...hand in hand, skipping, like always.

Fri, 07/05/2013 - 19:19 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

There is nothing they can do.

Their oil fields are way past peak.  Argentina nationalized the Spain oil firm in a petulant fit of temper because they could find no more oil.

Don't delude yourself into thinking anything other than oil matters.

It doesn't.  Geology decides all this.  Not gold.  Not printing money.  Not population.  Not food. 

Oil.  The life bringer to 7 billion and the life taker of 6 of them.

Fri, 07/05/2013 - 20:19 | Link to Comment otto skorzeny
otto skorzeny's picture

The Resource Curse. 

Fri, 07/05/2013 - 21:51 | Link to Comment AurorusBorealus
AurorusBorealus's picture

Argentina nationalized YPF for many reasons.  1)  YPF had and has a terrible reputation in Argentina for bad gasoline.  People refuse to buy gas at their stations.  This was long before the government takeover.  This was a result of the buyout of YPF by European banking groups.  2) YPF was bought with funny-money printed by central banks.  The oil is a resource of Argentina.  3)  Europe is in the midst of a crisis, Spain especially.  Why should Argentina allow Spanish banks to plunder their resources to pay off bad-loan housing-bubble debt. 4)  What is Europe going to do about it?  The short answer... nothing. Like it or not... it is a dog-eat-dog world.

Fri, 07/05/2013 - 23:28 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

You don't seem to have a good understanding of what happened.

YPF refused to drill for oil in areas that contained fields/bubbles too small to fund the cost of drilling.  Argentina didn't care about their profit.  They cared only about the royalties on output flow.  YPF could not find oil.  Period.  It didn't exist in the right quantity or configuration to earn a profit. 

Argentina's government budget depended heavily on those royalties, which were in sharp decline.  And so they took the desperate act.  There is a similar shortfall in natural gas, derived from the same inability to get it out profitably.

Surf on argentina, ypf, scarcity, decline and the articles make clear that Argentina wanted output, and didn't care if the company doing the production made money.

Sat, 07/06/2013 - 02:14 | Link to Comment dunce
dunce's picture

If the govt. was right and the oil can be extracted profitably then we will see increased production now that the govt. is running things. The most likely result will be decreased production but they will not have a foreign oil company to blame. It would be funny if there were not so many people that will suffer in the national failure. Socialists never can seem to accept that the laws of economics are inviolable.

Sat, 07/06/2013 - 11:09 | Link to Comment Seize Mars
Seize Mars's picture

Yeah, it's funny. Let a depleted well sit for a little while. Whoops! Suddenly it produces oil again. It's funny how that happens to that, um, "nonrenewable" commodity.

What's funnier still is that every peak oil person I meet also argues that money printing and gold are...unimportant.

The cats out of the bag. The scam of all time is that of trying to make oil look like a scarce resource. It isn't.

If oil were scarce, it would be good if you were in the business of printing little green paper coupons to "securitize" it with. Right?

1) Oil is scarce means paper money has value or utility

2) Gold is low priced means paper money has value or utility.

If you know you can't win an argument when you try to argue in favor of fiat finance, then argue that peak oil is real. It's the converse of the same LIE.

PEAK OIL IS A LIE.

Sat, 07/06/2013 - 13:34 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

Seize mars good post

Somebody that can see.

Mon, 07/08/2013 - 01:05 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

WHOOPS! Except they're not - they're staying empty because there's nothing left to fill from.
Oil is not a natural resource that just comes along all by itself. You must shove organic matter into a hole at high pressure and it must sit for thousands to MILLIONS of years to make oil.
When you drain that well it never refills.
The hoaxer stories don't cut it.
That's why those empty wells stay empty.
The zero level is where you can't find anything heavy enough to shove into it, or pumps powerful enough, to lift the dregs.
Like scraping oil clean off a surface you can't reach inside a jar, bottle or pipe you can't get it all but you can certainly drain it to the limit of your technology.
We're there.
Those wells can not and never will refill.

Peak oil is a proven fact over DECADES of evidence of total cost to get a barrel of oil, MEASURED IN OIL and total output of wells, MEASURED IN VOLUME like BARRELS or gallons or liters or anything units prefer.

We've hit the bell curve for the PLANET.

It's all downhill from here. Nothing has changed. Your wells are not refilling.

Fri, 07/05/2013 - 19:20 | Link to Comment Make_Mine_A_Double
Make_Mine_A_Double's picture

This has been road tested in Venezuela and the results have been impressive. The next step is the nationalize the growers to close the loop.

What could possibly go wrong with a menopasul plastic surgery disaster and a bunch of facalty lounge Marxists running the economy (I refer to the Argies and not the USSA administration).

Still got the best looking babes in SA though. Can't take that away from them.

Fri, 07/05/2013 - 19:23 | Link to Comment IndyPat
IndyPat's picture

"menopasul plastic surgery disaster"
And the hits keep coming!
Fight Club is on fire tonight.

Fri, 07/05/2013 - 19:44 | Link to Comment CPL
CPL's picture

Zimbabwe comes to mind in that situation.  Expect starvation with a side of revolution.

Fri, 07/05/2013 - 19:25 | Link to Comment FieldingMellish
FieldingMellish's picture

My father received his house insurance bill today... 40% increase. I think I will buy him an iPad to hedonically adjust this down to a negative number. All is well.

Fri, 07/05/2013 - 19:37 | Link to Comment yogibear
yogibear's picture

Tell him Willianm Dudley of the NY Fed said there was no inflation.

Fri, 07/05/2013 - 20:21 | Link to Comment otto skorzeny
otto skorzeny's picture

Tell him to thank that cocksucker Ben Shalom for ZIRP 4EVA for his rate jump.

Fri, 07/05/2013 - 19:35 | Link to Comment surf0766
surf0766's picture

Argentina, the new spring.. When does the MBhood get shipped in for democracy?

Fri, 07/05/2013 - 19:51 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

Sinai military - Wheat Traders. Who made money yet? I'm hoping many of you did. Don't ever say I'm not on a roll telling you the future (within hard boundaries) ~ and there's probably some irony involved. 

Golden Path 

You're all better than this. What you're suffering from here is a failure of imagination. Remember when the USA was all about the future, rocket ships, and no work?

 

The aide said that guys like me were "in what we call the reality-based community," which he defined as people who "believe that solutions emerge from your judicious study of discernible reality." ... "That's not the way the world really works anymore," he continued. "We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors…and you, all of you, will be left to just study what we do."

 

If They can create reality, You can create your own realities. 30-40% of all food produced in 2013 is wasted, and bread was free in Roman times. What does that tell you? Given that Egypt was a core bread producing centre of the Empire.

Fri, 07/05/2013 - 20:52 | Link to Comment IndyPat
IndyPat's picture

Are you suggesting that the Muslim Bro's were sacked due to Spice mining operations?
That does take more imagination than I can muster.

Seriously, why don't you just say what you want to say instead of crouching every single word codes and symbols. It's tedious. I truly do not intend to offend, I just can't put it any other way. When I do "get" your posts, they are amazing...but they are amazing in their truth...not the fact that it was so difficult to untie them.
If you obscure because of the Man, I'm not sure how effective that would be. If you are here, your fucked...so why pull punches? If you do it for literary value...well...it's ZH. Not quite pearls before swine, but overkill nonetheless.

Fri, 07/05/2013 - 23:33 | Link to Comment Totentänzerlied
Totentänzerlied's picture

About as amazing as... Wonderbread. And I do mean to offend (not you, though).

Sun, 07/07/2013 - 18:56 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

+1 since you're at least attempting humor.

 

This is progress: do a GREP, you're supposed to take the piss, it's only the fuckers who can't take a joke that are the real problem.

Sat, 07/06/2013 - 08:19 | Link to Comment trader1
trader1's picture

Indy, i'm with you...isn't it what makes you follow his posts more carefully than the others?

aurora is a brilliant, mind-fucker in a good way.

Sat, 07/06/2013 - 09:40 | Link to Comment tip e. canoe
tip e. canoe's picture

if you read from back in the blogspot days, the hedge was lowbrow highbrow before it ever was highbrow lowbrow.

some of us still enjoy keeping that thread alive, even when it's buried below "codes & symbols".

Sat, 07/06/2013 - 13:38 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

Second rule of fight lub.

Sat, 07/06/2013 - 21:33 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

They kill our kind for sport, you know.

 

There's rules and hard coded levels you don't know about. If you don't understand it: move on, or learn to parse it. Unless you want to send me $10k for a translation pack?

 

[Hint: if it's free, and you're demanding shit, you're a cunt - +5 greens shows me where the parasites are; junk all you want, but don't demand shit like you're some kind of Pharaoh. Oh, sorry, I thought you believed in the free market?]

Sat, 07/06/2013 - 02:43 | Link to Comment WAMO556
WAMO556's picture

Maybe you're a politician. It would explain the in-ability to speak plainly and the double entendre.

A silk swaddled soft spoken courtier. The length and breadth of the couched insult, where refined men of status use words to do their killing, but yet the soft hands of the gentle nobleman is not marred with blood nor soiled by rough tools. Is this not more honorable then those that do their own labours....an advanced society of nobless oblige, the highest act of nobility is the act of BETRAYAL (compromise).

Not alot, maybe a few Americans have become rich in Land, gold and monies. In a world of compromise some men don't, and it is easy to admire these men, possibly. Uncompromising men are easy to admire. They have courage; so does a dog. But it is exactly the ability to *compromise* that makes a man noble.

And understand this: the current american system is THE most ruthless system to see the light of day, it only started 100 years ago.

Sat, 07/06/2013 - 21:32 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

No, it merely means I'm playing GO, not Chess.

 

Stop reading everything on your screen literally or even metaphorically or even satirically. It's a mirror. Learn that, then move 4D.

Mon, 07/08/2013 - 00:55 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

No it means you're trying to write lines between lines between lines and you're losing track of your own subtext of your own subplot and talking to yourself publicly.
I don't care for it.
-1

There's nothing 4D about you. By all means you've got tangled loops in graphs you think are logical but it's very 2 dimensional.

Sat, 07/06/2013 - 02:57 | Link to Comment cynicalskeptic
cynicalskeptic's picture

"Remember when the USA was all about the future, rocket ships, and no work?"

 

I don't know about 'the future' in general, but the 'no work' part is for real (though not exactly the care free leisurely thing you might have been expecting - think desperate, foreclosed on, scrambling to pay bills and find some way to avoid abject poverty 'not working' instead).  

As for rocket ships... there are plenty carrying nuclear weapons, space laser or partice beam systems and surveillance satellites.  And while flying cars didn't pan out, everyone will soon have their own private drone following them around.....

Sat, 07/06/2013 - 09:16 | Link to Comment trader1
trader1's picture

...

 

A former army commander has described the decision to launch a military operation in Sinai as "political", explaining that the decision was made by the army in response to the inaction of the authorities.

The Sinai insurgency began in February 2011, during the events of the 2011 Egyptian Revolution. As a result of distabilization of Egyptian government, various insurgent groups, including mostly Bedouins, began to undermine central authority of Egypt. As a result, Egyptian interim government poured troops into the Sinai peninsula on 15 August 2011, in what became known asOperation Eagle.

The 2012 Egyptian–Israeli border attack, which led to Operation Sinai, occurred on 5 August 2012, when armed men ambushed an Egyptian military base in the Sinai Peninsula, killing 16 soldiers and stealing two armored cars, which they used to infiltrate into Israel. The attackers broke through the Kerem Shalom border crossing into Israel, where one of the vehicles exploded. They then engaged in firefight with soldiers of the Israel Defense Forces, during which six of the attackers were killed. Egyptian President Mohamed Morsi vowed to retake the Sinai Peninsula and declared three days of mourning. [wiki]

Water Use Efficiency of Wheat under Drip Irrigation Systems at Al-Maghara Area, North Sinai, Egypt [El-Rhaman, 2009 - pdf]

President Morsi seemed relaxed during my meeting with him, which lasted about 45 minutes in the presence of his advisor, Dr Ayman Ali. He said that the opposition have a right to demonstrate and express their point of view: "Isn't that democracy?" he asked. He also spoke highly of some of the opposition leaders, particularly Hamdeen Sabahi, the head of the Egyptian Popular Current.

The president's priorities can be summed up as agricultural production, reviving heavy industries such as iron and steel, achieving self-sufficiency in wheat, improving educational and health services, and reinforcing the capabilities of the armed forces by supplying them with up-to-date equipment.

It is natural that our meeting addressed the issues in Sinai, the Syrian crisis and relations with neighbouring countries. However, the most important point discussed was the Ethiopian dam, where I sensed that the president prefers the use of "gentle force" to deal with the crisis; he was adamant that Egypt will not give up even one drop of its water.

Egypt is the world's largest wheat importer, consuming around 10 million tonnes each year.

New company hopes to encourage local and foreign investment as a means of exploiting the Sinai’s wealth

Minister of Agriculture and Land Reclamation Salah Abdel Moamen Minister said the project of reclaiming and cultivating one million feddans in the Egyptian deserts is due to start next month.

However, Mr Morsi did expand welfare programmes for the poorest, boosted wheat production to wean the country off food imports, and explored new ways for the government to raise debt.

"The wheat does not need a warehouse, the wheat does not need a warehouse to be stored … the wheat needs a warehouse to be stored … to store."

 

Sinai; Land of Turquoise 

Sinai is a  Bedouin pride … Sinai;  Arabian horses   

 Sinai; white bathrooms … And golden wheat spikes

And streams of running perfume … Above rosy banks

Sinai: turquoise mines … And magical garnet treasures

Sinai: the amulet of the Nile Valley … Returns to the Valley’s arms

Sinai returns and the light bartender … Pours glasses of light

And white pigeons, light-like … Flies amongst the alive

And branches of olive trees … Covers the face of the desert

And green birds in on the horizon … Commemorate the martyrs

And songs on the lips of angels … greeting the dearest of all names.

Yusuf Khaleef

 

Almost half of the world's food thrown away, report finds

Figures from the Institution of Mechanical Engineers show as much as 2bn tonnes of food never makes it on to a plate

Sat, 07/06/2013 - 09:36 | Link to Comment tip e. canoe
tip e. canoe's picture

some great links there trader

Minister of Agriculture and Land Reclamation Salah Abdel Moame...Some 25 percent of the lands' area was allocated to youth and junior farmers on condition of allocating 50 percent of the land's area to cultivating strategic crops, mainly wheat, the minister added.

wonder if he still has his job

Sat, 07/06/2013 - 10:30 | Link to Comment CPL
CPL's picture

lol...

Start that Mango farm in Winnipeg while we're at it.  Or an Arctic Pineapple ranch.  Pumpkins in Oman.  Well, if they are pissing away money on retarded ventures then they should start to think about increasing medical costs to treat the celiacs disease and other nice things that come with Wheat if it's not a cultural or a local staple.  Wheat is not friendly to cultures that haven't grown it for millennia and causes chronic health problems.

They would be better off growing Quinoa if they need a grain with a complete protein chain, produces 3000 lbs of food per acre and is very tenacious.  It's not how big the plot of land is, density > size.  Kind of a large scale twist for low resource availability on square foot gardening.  After they are done the harvest, till the stalks into the ground or make rope/reed/paper.  

Sort of like hemp, but hemp needs a lot of water, unlike Quinoa which is tonka tough.  The maximum effect for harvesting it is by hand, shake it like it owes you money, rinse and repeat every three days.  I will bet everyone on this site that live in the Americas has some growing near them.  In South America Quinoa, in North America it's called Goosefoot and grows wild everywhere along with other edibles (Don't eat anything from a ditch.  Ever).  Tastes like Oatmeal and makes a ridiculously dense bread (I haven't been able to get it to rise yet...but I could certainly build a house with the results.)

Sat, 07/06/2013 - 11:24 | Link to Comment tip e. canoe
tip e. canoe's picture

looks like they were growing wheat back in ancient times, so their bodies should be adjusted by now.

http://ucfant3145f09-04.wikispaces.com/Ancient+Egyptian+Food+%26+Agricul...

i'm with ya on the quinoa though, however, it would be better for them to grow its warm weather cousin amaranth.   got a nice big patch of it growing this year, a good 2 meters+ with the gorgeous red plumes already starting to develop (a month earlier than last year).   don't have to hull it like you do with quinoa either.  beautiful plant, and grows like a weed when all the other plants wilt in the heat.   like right now :)

up where you are, i bet quinoa grows quite nicely.   great that you found a crop to counteract the drought, a colorful one to boot.

goosefoot/lamb's quarters/pigweed -- all the farmers hate it, but their livestock loves it!

Sat, 07/06/2013 - 12:39 | Link to Comment CPL
CPL's picture

Amaranth is a beautiful plant, I have a couple growing around the place because they have a nice colour to them and I don't have to replant them like tulips (also last longer than a couple of weeks).  Dresses up the place nicely.  The quinoa though feeds everything around it and still makes a tonne of food (birds go crazy for the seed, still lots left though).  That bitter resin that surrounds it is superior to anything I could buy on a store shelf in terms of pest control.  I've noticed that it seems to keep critters out of whatever I plant next to it and makes a nice wind break.  Somewhere like a dessert wind is more of a concern than water in modern terms.  Up here we get hard winds but nothing like a dessert that has wind and sand.  High wind + sand = sand blaster.

Create a fortification around a cash crop with another cash crop that bushy, tonka tough and bushy.  Maybe a lattice of some sort.  Doesn't mean much though if it can't be mechanised or a better process

That 'wheat' was rye btw, I don't believe there is a human on the planet that can't eat rye.  (unless it ferments and people trip out on ergot/LSA/LSD)  The modern variation is very water dependant and very GMO, I have my suspicions about the export of any of it but I am resolved that mother nature will eventually nab it and twist after a couple of seasons like she does with other things GMO based.  (the GMO corn doesn't work any more, at all.  Bugs are now resistant to round up and seem to be able to fuck faster now from stuff I've read).

Egypt 3500 years ago actually had jungle and fertile plains, the Nile was a happening place, lots of philosophers and story tellers write about it.  Hundreds of miles of fig trees, rye, some type of citrus/mango things.  Couple of environmental changes later the place dries up and people move to 'greener pastures'.  Ancient persia was known to be one of most fertile countries on the planet.  Zarathushtra is a good place to start if wanting to read about some neat stuff on the subject and the it's the principle reason Zoroastrians have green thumbs.  After nearly 6000 years of a history, culture and religion exclusively dedicated to gardens and farming it would be hard not to be.  We get the word paradise from the ancient Iranian word pairi-daeza.

It's a kind of neat piece of human history, next to the West coast native tribes and their method of 'war'; which is who could throw the biggest party/potlatch.

 

Lambshank is good eating along with dandilion leaf and tiger lily pedals (peppery flavour very nice) and all are in season right now until around October.  I've been thinking of trying to make a Kimchi with the Lambshank.  It could be good, it might be completely awful, not sure.  Another experiment to try out while I'm assing around the place. 

Sat, 07/06/2013 - 13:05 | Link to Comment tip e. canoe
tip e. canoe's picture

yeah, been playing around with sea buckthorn to use as hedges for windbreaks & security.   nasty ass bush, but a super nutritious fruit.

thanks for the correction on the rye/wheat.   not really too worried about the GMO thing either, other than the strange mutations that it might engender in humans :)~

goosefoot kimchi is a great idea.   would be interesting to find out how the vinegars work with the oxalic acid.   i tried pickling purslane one year, the purslane sucked, but the vinegar it made was crazy good.   still have some actually.   let me know if you try it out.

Sat, 07/06/2013 - 13:17 | Link to Comment CPL
CPL's picture

For sure, never know what it'll taste like until it properly pickles.  The first crack of the opening jar and the aroma should give the first idea if it'll taste like pickled toenails (pickled bullrushes, christ almighty...just burn down whatever room you open in it.).

Sat, 07/06/2013 - 21:36 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

Flowers Blossom.

 

That was a fantastic post. (Now make sure you're safe: attention it will attract, ZH is the lure that shines in the dark for larger predators)

Sat, 07/06/2013 - 09:31 | Link to Comment tip e. canoe
tip e. canoe's picture

Given that Egypt was a core bread producing centre of the Empire.

yes, but back 2000 years ago, that entire place was green and teeming with plant life (or so it was told).   now, not so much.

the shame about Egypt is that all the ingredients are there to revitalize the landscape and bake a homegrown loaf of sustainable agriculture.

-- the Zabaleen in Cairo had the most extensive and efficient urban composting program in the world, until the Islamists cried "swine!" and had it stopped due to Copts using those dirty pigs to process the waste.   (see the doc Garbage Dreams for details).   that's a boatload of rich organic matter right there, going to waste, not to mention an entire subsection of the population who put themselves to good use and now are just languishing in their own (and everyone else's) filth.

-- the Egyptian Ministry of Ag is the sole distributor of EM (Efficient Microorganisms) in Egypt.   they have factories brewing this stuff up already.   there's your microbes.
http://emrojapan.com/examples/global-cases/middleeast-and-africa/egypt.html

-- now all you need are minerals, and i'm pretty sure there's probably a shitton of rock dust lying around, not to mention all those mineral deposits sitting in the delta outside Alexandria.   and if they really wanted to get Neo-Archaic, they could very easily restart up those "white powdered gold" refineries like the Pharoahs used to do it.

there's your recipe from MOM (minerals + organic matter + microbes).

not too big a fan of centralized projects, but in this case, considering the military's already got a lock on the country anyhow, they could use all those big toys they got from US/Nato and use it for something productive for once, a giant public works project to green the Nile Valley in 7-10 years.   but that requires a mindset that's a bit too alien to most there.

must suck living under the shadow of the Pyramid.

Sat, 07/06/2013 - 09:51 | Link to Comment Disenchanted
Disenchanted's picture

re: ""We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors…and you, all of you, will be left to just study what we do."

I guess that explains the need to "catapult the propaganda"


Fri, 07/05/2013 - 19:50 | Link to Comment 0b1knob
0b1knob's picture

Really isn't another article about how fup duck Argentina is a little redundant now?   Does anybody expect anything different at this point?  And wasn't Argentina a big exporter of wheat and beef until a few years ago?

Fri, 07/05/2013 - 21:44 | Link to Comment AurorusBorealus
AurorusBorealus's picture

Wheat production has dropped in favor of soy.  Beef exports are down because of the official dollar-peso exchange rate.  The result has been a significant drop in the price of beef for domestic consumption.  The reality is... food is very cheap in Argentina, despite what this article claims.  In fact, I would hazard a guess that food is cheaper in Argentina than anywhere else in the world.

Sat, 07/06/2013 - 08:58 | Link to Comment GMadScientist
GMadScientist's picture

And their domestic soy producers are so pissed-off about their commie government's overreach in taxing exports (?! yeah, you read that correctly) and the fucked official exchange rate between pesos and dollars that they're probably going to boycott next harvest in protest.

If you think you've got revolutions starting now, wait until the food supply dries up even further.

 

 

Fri, 07/05/2013 - 19:51 | Link to Comment lolmao500
lolmao500's picture

Funny uh but Canada has energy/natural ressources export quotas to the US... what happens when the ressources are going down the drain??

Fri, 07/05/2013 - 21:43 | Link to Comment CPL
CPL's picture

Canadian bond market collapses throught he floor and all the under written debt the banks are carrying against undelivered collateral explodes is a shit storm of unimagined proportions.

 

Remember.  The goal is to save the US society.  Canada doesn't matter.  It is a useful idiot until it is no longer useful for the game.

Fri, 07/05/2013 - 22:58 | Link to Comment bluskyes
bluskyes's picture

It's amazing how many Canadians don't realize that we are just Amerika's bitchez until they have finished having their way with us, and we are all wore out.

Just take a drive along the north, and south shore of Lake Erie. It all becomes clear which nation is on top.

Fri, 07/05/2013 - 19:52 | Link to Comment Monedas
Monedas's picture

A Panic .... is by definition .... a scramble .... for scarce bread .... or PAN .... in Espanol !

Fri, 07/05/2013 - 20:00 | Link to Comment fijisailor
fijisailor's picture

Time to open a bakery in Argentina.

Fri, 07/05/2013 - 20:35 | Link to Comment willwork4food
willwork4food's picture

As well as here. Five US$ for a loaf of decent bread these days? We should drag out every employee at the BLS and force them to watch South Park for 3 days straight without food or water.

Fri, 07/05/2013 - 20:40 | Link to Comment WmMcK
WmMcK's picture

And five US$ to dig an oz of Ag out of the ground - parity?

Sat, 07/06/2013 - 08:38 | Link to Comment RSloane
RSloane's picture

We bake most of the bread we consume at home. If not, we buy bread from Amish farmers. The absolute shit they put into bread you buy at major market chains makes it prohibitive for any human to eat.

Goats, yes, humans, no.

Sat, 07/06/2013 - 09:01 | Link to Comment GMadScientist
GMadScientist's picture

All well and good until you're smuggling 10lb bags of flour in your ass to keep up with demand while not getting caught by the Gaucho Gestapo.

Fri, 07/05/2013 - 20:01 | Link to Comment Joebloinvestor
Joebloinvestor's picture

Rise of the gauchos!

Fri, 07/05/2013 - 20:07 | Link to Comment virgilcaine
virgilcaine's picture

Bread panic 2 = peak inflation cycle.

Fri, 07/05/2013 - 20:12 | Link to Comment IndyPat
IndyPat's picture

"How long can a country plunge into a hyper-inflationary spiral before the people 'coup-like-an-Egyptian'?"
Given more time to reflect on this, since Argentina lacks a population rabidly split along religious lines, it would seem more appropriate to go with the more standard issue coup play book "Coups you can Use - sorting the muppets along class lines for fun and profit". It's now in its 43 Edition with special forward by H Kissinger and Preface by Z. Brzezinski and is available via PDF download at Amazon.
How much are you willing to spend to get the local field office to agitate it?
Do you have another suitable puppet identified for replacement? Do you have controlled opposition of this replacement on payroll yet? Will you need more military hardware? Do you intend to use the home goons or would you like some provided? (our preferred crew of rebels are otherwise engaged at the moment and Spanish lessons could prove expensive and time consuming, but blue helmets can be arranged at a modest sum.) Have the IMF loans been prepped for post civil collapse reconstruction? Have you ordered electronic voting machines with "InstaWin" remote last minute flash update feature?

Fri, 07/05/2013 - 20:27 | Link to Comment surf0766
surf0766's picture

This was not a coup for Egypt this time. Please stick to the taking points. It is only a coup when they need it to be.

 

Fri, 07/05/2013 - 20:37 | Link to Comment IndyPat
IndyPat's picture

Whupsie!
Right you are. Wasn't checking my Blackberry and signal is spotty out here off Nantucket. I just got 17th revision of talking points.
My bad.
Secretary says hello, btw. On his 5 bottle of Johnny Walker.

Fri, 07/05/2013 - 20:23 | Link to Comment virgilcaine
virgilcaine's picture

They are going down like the Giant Argentine Delpotro at Wimbledon.

Fri, 07/05/2013 - 20:18 | Link to Comment 0b1knob
0b1knob's picture

"A atiborrarse de tarta!"

Fri, 07/05/2013 - 21:44 | Link to Comment CPL
CPL's picture

Chocolate of course.

Fri, 07/05/2013 - 20:28 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Plant a seed. Print money.

Fri, 07/05/2013 - 20:36 | Link to Comment willwork4food
willwork4food's picture

Plant some mary Jane. Print Moar.

Fri, 07/05/2013 - 21:42 | Link to Comment AurorusBorealus
AurorusBorealus's picture

This may be another reason for rising wheat prices in Argentina.  There is an incredible amount of marijuana grown here: almost entirely for domestic consumption, which seems insatiable.

Sat, 07/06/2013 - 10:01 | Link to Comment tip e. canoe
tip e. canoe's picture

speaking of which, been noticing a bunch of "scientific studies" proclaiming MJ = BAD4U all over the MSM sites lately.

someone must also be noticing the same thing you have, but on a global scale.

Sat, 07/06/2013 - 12:39 | Link to Comment willwork4food
willwork4food's picture

Really AB? Umm... I have an insaciable desire to build an exporting furniture factory down there.

Sat, 07/06/2013 - 18:32 | Link to Comment trader1
trader1's picture

probably because i follow it more avidly in the last year, i'm seeing a lot more stories of police findingraiding "illegal" grow operations in abandoned warehouses or even in people's homes...some people must be nervous about how many states are legalizing medicinal marijuana / recreational (colo. + wash.) or simple decriminalization....

i'm waiting for the story when the federal prosecution blames the marijuana use of the surviving boston marathon bomber for triggering the psychotic episode...

 

kind of sad when cannabis has so many benefits when used appropriately - spiritually, recreationally, physiologically.  

big pharma doesn't want people to grow their own "drugs" though...

 

 

Fri, 07/05/2013 - 20:35 | Link to Comment DaveA
DaveA's picture

Something happened last December, and suddenly you couldn't find a single round of ammo, of any caliber, anywhere in the country.  Almost seven months later there's still no ammo in Walmart, even though it's all still legal and the factories are making the stuff 24/7.

The same could happen with food.  I don't know what specific event would provoke it, but one day mobs could descend on the grocery stores and clean them out.  Authorities will go on TV saying "don't hoard, buy only what you need", but however they plead or threaten, it will only intensify the panic.

The only difference is that people don't need a steady supply of ammo to survive.

Fri, 07/05/2013 - 20:40 | Link to Comment IndyPat
IndyPat's picture

What country are you writing from? California? Colorado?
Ammo's aplenty here in Hoosier land.

Fri, 07/05/2013 - 20:47 | Link to Comment otto skorzeny
otto skorzeny's picture

Commie rifle ammo aplenty online and the price is dropping steadily.

Sat, 07/06/2013 - 01:13 | Link to Comment DaveA
DaveA's picture

I've read that the ammo shortage is easing.  A food shortage would also end when hoarders run out of money or storage space.  My point is that quite a lot of non-hoarders would be dead by then.

Sat, 07/06/2013 - 02:14 | Link to Comment IndyPat
IndyPat's picture

Not me. I'm in an ammo positive state.
I'm eating at your crib, homeboy.

/sarc

Sat, 07/06/2013 - 09:03 | Link to Comment GMadScientist
GMadScientist's picture

Come on down. Fair warning though; I use explosives and chemical weapons on intruders.

Sat, 07/06/2013 - 09:02 | Link to Comment GMadScientist
GMadScientist's picture

Perhaps a large industrial fire at a marjiuana dispensary.

 

Fri, 07/05/2013 - 20:46 | Link to Comment q99x2
q99x2's picture

Argentina's economy is the result of 30 years of banker infestation.

Fri, 07/05/2013 - 21:39 | Link to Comment AurorusBorealus
AurorusBorealus's picture

The Argentine government has taken many steps to reduce the power of international banks here.  In fact, during the crisisin 2001 and 2002, a member of the parliament stated, "We had the choice to save the banks or save the people.  We chose to save the people."  This is one of the reasons news channels and internet blogs always report nonsense about Argentina, because Argentina is trying to remove itself from the dollar-based international financial system, or at least keep this system at arms length.  This makes life difficult for foreign investors and expats who want to move large amounts of money from pesos to dollars.  I do not support many things that the Argentine government does.  I do, however, support their efforts to maintain a safe distance from the global financial system.

Sat, 07/06/2013 - 01:18 | Link to Comment AgLand
AgLand's picture

C'mon, no one with half a brain cell keeps any real money in Argentinas banks. It all goes to Uruguay or beyond.

Even the Prez of little brother Uruguay makes fun of big sister Christina, while he sidles up to rich Uncle Brasil.

Sat, 07/06/2013 - 02:38 | Link to Comment IndyPat
IndyPat's picture

Lemme see if I comprende...

So by this...

"I do, however, support their efforts to maintain a safe distance from the global financial system."

...you mean that the powers that be are, purposefully and preemptively, plunging their OWN fucking economy...and country...straight to hell...rather than let the gringos or euros do it for them?
If that was truly the case, I could almost respect it.
The truth is that it's tanking in spite of all efforts to the contrary. I mean every last grasp at straws and still circling the bowl.

For contrast

Only the GRINGO has mastered the fine art of completely and totally fucking up his own economy in such a willful and blatantly purposeful way. The purpose is not so clear...but it is ON purpose, nonetheless...so watch and learn, pikers.

Fri, 07/05/2013 - 23:31 | Link to Comment 0b1knob
0b1knob's picture

Argentina's economy is the result of two generations of Argies giving power to a "benevolent" stong man and trusting him (or her) with the power to micro manage a complex economy.

The US is headed the same way.   Obama just does any damn thing that strikes his fancy.   Kill all the coal power plants in the US? Who needs a law.  Delay implementation of Obamacare law?  Why not, who cares what congress passed they didn't even read it any way.  And the only thing libtards want is to give more power for choom boy.

God help us....

Fri, 07/05/2013 - 21:30 | Link to Comment AurorusBorealus
AurorusBorealus's picture

I really don´t know what to say to this article.  Here are the facts... you can believe me or not. I live in Argentina.  1) Many people make bread in their homes here.  The suggestion that more do so is not outrageous. 2)  Bread here is very inexpensive compared to almost every other country.  3)  The cost has risen because of the insatiable soy demand of China, which has reduced wheat production at the expense of soy production. 4) The peso has strengthened as a result of the chinese demand for argentine soy (up 20% vs. the USD in the last 2 months). If a strengthening currency is the sign of hyperinflation... well then... we really do know nothing about economics.  5) I paid $1.30 for a steak the size of your head yesterday.  So if you think there is some kind of food crisis in Argentina... you are an idiot. 6)  I have come to the conclusion that every article about Argentina on zerohedge is full of it.  Mostly because a few American ex-pats own property here and are angry that they are having difficulty moving pesos into dollars so they report outrageous exaggerations on news channels and internet blogs hoping to move public opinion against Argentina.

These are the facts.  You can believe me or not.

Fri, 07/05/2013 - 22:35 | Link to Comment i-dog
i-dog's picture

I believe you. The steady stream of anti-Argentina agitprop on ZH over the past month or so has had my sniffer twitching ... waiting to see *why?*.

For a start, I sense that the AshkeNAZIs aren't too happy with the present leader (her cancer scare last year was a 'tell', errr, warning)....

Sat, 07/06/2013 - 01:13 | Link to Comment AgLand
AgLand's picture

I have a good friend in Argentina and HE wouldn't believe some of what you say. Yes, beef is cheap, but imported goods not so much. Yes, soy is king, but the wheat issue is much more than about soy. Yes, Bloomberg did not do a good job, and the ZH lead in was nasty, but Christina is a total douche when it comes to running a country and inflation is running much much higher than the official numbers.

Btw, I love BA and wish I could be living in Recoletta right now. Your people are great and your government too inept to spy on them all like the US. Corruption here is at the highest levels and takes big dollars, while small bribes go a long way down there. I much prefer the latter as at least the little guy gets some that way.

Sat, 07/06/2013 - 09:01 | Link to Comment Snake
Snake's picture

I travel to B.A. often.  Was there last week.  I fully agree with your comments.

INDEED: "Every article about Argentina on zerohedge is full of it.  Mostly because a few American ex-pats own property here and are angry that they are having difficulty moving pesos into dollars so they report outrageous exaggerations on news channels and internet blogs hoping to move public opinion against Argentina"!!

I would stress "outrageous exaggerations" ... 

 

Sat, 07/06/2013 - 12:41 | Link to Comment willwork4food
willwork4food's picture

Appreciate the heads up from you guys. Thanks!

Fri, 07/05/2013 - 21:40 | Link to Comment KenShabby
KenShabby's picture

Making bread is a piece of cake.

Sorry - I couldn't resist.

Fri, 07/05/2013 - 22:17 | Link to Comment Nue
Nue's picture

Price controls? Who wants to take an educated guess on how long before they will have NO BREAD at all?

Fri, 07/05/2013 - 22:50 | Link to Comment kchrisc
kchrisc's picture

Argentina: Absolute proof that government can only produce poverty, misery and death.

Going to fun to watch the Kirchner rats scurry when the music stops.

Sat, 07/06/2013 - 01:04 | Link to Comment AgLand
AgLand's picture

Yes, Argentina is run by total economic morons, and yes they are again repeating their bust history as they seem to do every 10-15 years. That said...

Wheat in SA is a 'local crop' for the most part. While some is exported, much is used locally. The last wheat crop saw 1) lower plantings, 2) too much export initially allowed by the Argentine government and 3) a poor harvest (both quantity and quality) in Argentina and Uruguay. Rains were so heavy and prolific that a lot of wheat did not meet minimum pH levels for baking. If not blended in with higher pH wheat, it just became cattle feed.

So now, as Paul Harvey would have said, you know... the rest of the story.

Sat, 07/06/2013 - 08:55 | Link to Comment tip e. canoe
tip e. canoe's picture

hmmm, interesting about the low pH levels.

are the soils really acidic there?

Sun, 07/07/2013 - 23:57 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

"Grocers agreed last month to freeze prices of 500 goods and ensure supply as part of the government’s"

... plan to ensure supply went to zero as fast as possible.

Gubbermints R smrt

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