Friends, this are very grim. Debunkers claim all is fine and that we are crazy. Well, global food prices hit an all time record just now. This is one problem we face and there are many. Yet Ben Bernanke says inflation rate is near zero. If only that were so. Actually, there is one reason. Investors are seeing more ethanol production using corn. This raises grain prices. First corn goes up. Then you see an increase in egg prices.
Thursday, March 3, 2011
Food prices soaring
Friends, this are very grim. Debunkers claim all is fine and that we are crazy. Well, global food prices hit an all time record just now. This is one problem we face and there are many. Yet Ben Bernanke says inflation rate is near zero. If only that were so. Actually, there is one reason. Investors are seeing more ethanol production using corn. This raises grain prices. First corn goes up. Then you see an increase in egg prices.
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