The ever-popular locusts hit in the U.S. again. As the George Washington Blog know it is this time not to single, large company. No, it's about the most basic human need: food.
speculators try to buy control of the food supply
According to the New York Times, Financial Times and other now, hedge funds and other investors farms, farmland, fertilizer, threshing, loading and other things needed for the production of food.
In view of the decline of real estate and financial sector and the weakness of the U.S. economy are big investors came to the former, that everyone has to eat and so that food production is a sure thing. This means that speculators will drive up food prices further up.
Jim Hightower puts it:
have "with" my infrastructure, "they take control of the food in the hands of financial manipulation to centralize, which want to reap only one thing: fat profits.
The price? Aha! That is all that's what the consolidation of farms and storage goes. If you can limit the production and inventories store - then you can drive up prices. When corn prices are lower than investors want them, then you simply store the corn, forcing up prices. Or if the corn prices are low in the U.S., then shipped to him just in Japan or somewhere else, where prices are higher. And if these disturbances trigger a collapse of the food industry? Hey, the speculators will already have billions of profits drawn from it and just to see after the next hot investment.
Hedge funds bring nothing but greed and grief to the agriculture and our food supply, and it should be forbidden "to have infrastructure."
Hightower may be right: we should ask the Congress to deter speculators to buy up a basic needs.
also strengthens my conviction that we should have guaranteed access to affordable and healthy food.
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