View Single Post
Old 20-12-2009, 04:56 AM   #1
motleyhoo
Senior Member
 
Join Date: Mar 2009
Location: North Carolina
Posts: 6,987
Likes: 787 (355 Posts)
Default 2010 Food Crisis --> Financial Armageddon

Quote:
If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.
http://www.marketskeptics.com/2009/1...r-dummies.html

Invariably, this article will lead to posts about the PTB creating these shortages and famines and rigging the commodities markets. Ok, we all already know this. Instead of beating that dead horse into more glue, I'd suggest discussing how we are going to plan for and survive this.

All of you people who hold gold and silver, please sell everything you have right now, because I want to buy on a dip.

.
__________________
"Reason obeys itself; and ignorance submits to whatever is dictated to it ... It is not a field of a few acres of ground, but a cause, that we are defending, and whether we defeat the enemy in one battle, or by degrees, the consequences will be the same." -- Thomas Paine
motleyhoo is offline   Reply With Quote