FAO Food Price Index
Global food prices increased by 1.4% in the month from July to August, according to the U.N. Food and Agriculture Organization (FAO). Even though oil prices are low and rice harvests are plentiful, food prices show no signs of leveling off and falling, since they began their average 9% per year average rise, starting in 2002. Food prices are already at the 2008 peak that resulted in world wide food riots, and are close to returning to their 2011 peaks that triggered the "Arab Spring" in the Mideast. At 9% increases per year, food prices will be at new historic highs by next summer. From the point of view of Generational Dynamics, the people who survived the enormous famines of World War II devoted their lives to making sure that it would never happen again, and they launched the Green Revolution that produced sharp increases in crop yields in the 1960s and 1970s. However, the younger generations of Boomers and Gen-Xers with no personal experience of famine allowed the Green Revolution to peter out in the 1990s. In the meantime, the Law of Diminishing Returns is reducing the effectiveness of fertilizers and insecticides, the tools developed for the Green Revolution, at the same time that other resources, including groundwater and forests, are being used up. FAO and Bloomberg
This is a massive disaster in the works the Lame Street Media is ignoring. People in poor countries are beginning to hurt as they are unable to purchase the most basic of foodstuffs. It is going to result in upheavals and rioting unlike any we've seen before.
And not all of this is due to extreme weather. A great deal of it is the direct result of the Green Movement. Mexico is a great example. Their daily bread are tortillas made of corn. More and more corn is being sold to create ethanol, leaving less and less for the common people. And, what is left is climbing in price to where many are going hungry because of it.
Global food prices increased by 1.4% in the month from July to August, according to the U.N. Food and Agriculture Organization (FAO). Even though oil prices are low and rice harvests are plentiful, food prices show no signs of leveling off and falling, since they began their average 9% per year average rise, starting in 2002. Food prices are already at the 2008 peak that resulted in world wide food riots, and are close to returning to their 2011 peaks that triggered the "Arab Spring" in the Mideast. At 9% increases per year, food prices will be at new historic highs by next summer. From the point of view of Generational Dynamics, the people who survived the enormous famines of World War II devoted their lives to making sure that it would never happen again, and they launched the Green Revolution that produced sharp increases in crop yields in the 1960s and 1970s. However, the younger generations of Boomers and Gen-Xers with no personal experience of famine allowed the Green Revolution to peter out in the 1990s. In the meantime, the Law of Diminishing Returns is reducing the effectiveness of fertilizers and insecticides, the tools developed for the Green Revolution, at the same time that other resources, including groundwater and forests, are being used up. FAO and Bloomberg
This is a massive disaster in the works the Lame Street Media is ignoring. People in poor countries are beginning to hurt as they are unable to purchase the most basic of foodstuffs. It is going to result in upheavals and rioting unlike any we've seen before.
And not all of this is due to extreme weather. A great deal of it is the direct result of the Green Movement. Mexico is a great example. Their daily bread are tortillas made of corn. More and more corn is being sold to create ethanol, leaving less and less for the common people. And, what is left is climbing in price to where many are going hungry because of it.
