wpe50.jpg (1913 bytes)     TigerSoft News Service   4/19/2008     www.tigersoft.com 
                                                                      updated   2/8/2010
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                                 Rice Riots, Famine, Hoarding 
                                       And Wall Street Hyper-Speculation in Commodities.

                                                                Far-Reaching Consequences

The Costs of the $3 Trillion Bush/Cheney war in Iraq and
                              Hellicopter Ben's $650 Billion Ben's of Elite US Banks
                              Will Cost A Lot More Than Even Their Critics Might Suggest. 
                              Trend-following herds of instutions and hedge funds have made
                              food costs rise faster and further with their speculation.  They
                              can buy 1 million dollars worth of wheat, rise, oats, soybeans
                              by depositing only $70,000
.<1>  Commodity ETFs have made
                              it even easier to speculate.  And since the ETFs do not expire,
                              longs can lock up a commodity for a very long time.   In my opinion,
                              until excess speculation in foods is curbed, the bubbles will only
                              keep occurring.  No one should starve because of Wall Street greed.
                              Withour regulation of derivatives, CFTC regulation means nothing.
                              That means Obama will have to get off the fence. (3/8/2011).  Europe
                              will take steps ahead of laissez-faire America <2>  C learly speculative
                              positions and margin requirements must be regulated. <3>

                   <1>   There is lots of evidence of this:                    http://wallstreetpit.com/65589-starbucks-sbux-ceo-says-rising-commodity-prices-are-a-result-of-speculation
Indonesia to bring food commodity speculation issue in G20 Summit
                   > Lieberman seeks limits to reduce commodity speculation
Wall Street Grain Hoarding Brings Farmers, Consumers Near Ruin

EU to rein in commodity speculation
                           Commodity Market Reform: Wall Street versus the regulators                 

As The Price of Crude Oil and Rice Double,
                     The Spectres of Food Riots, Famine and
                      Starvation Become All Too Real.

                                           Every 2.4 seconds someone dies in agony from starvation.
                                           It never stops.  The deaths go on and on.  85% of those who
                                           die are under 6 years old.  50,000 die per day from starvation,
                                           water-borne diseases and HIV.   ( Source: http://www.starvation.net/ )

                                           "The first global food crisis since World War II  threatens
                                           20 million of the poorest children "
                                           See http://news.yahoo.com/s/ap/20080422/ap_on_re_eu/world_food_crisis

                                           4/23/08 -
Sam's Club and Costco Limit Rice Purchase.   U.S. rice futures soared
                                           to an all-time high Wednesday as investors bet that surging world demand will continue to pressure

                                           already dwindling stockpiles. Rice for the most actively traded July contract jumped 62 cents to
                                           $24.820 per 100 pounds on the Chicago Board of Trade, after earlier rising to a record $24.85.

                                         by William Schmidt, Ph.D. (Columbia University)
                                            (C) 2008 All rights reserved.  Reproducing any part of this page without
                                                            giving full acknowledgement is a copyright infringement.
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               Rice's Doubling Raises Very Real Spectre
                    of Food Riots, Famine and Starvation

                      wpeF6.jpg (14658 bytes)
                                          ( Source: http://www.cartoonstock.com/directory/f/famine.asp )

                             The price of rice has almost doubled in the last four months.  The FED and other
                     central banks are adding hundreds of billions of new "funny" money.  That has
                     made matters worse on the inflation front.  Runaway global inflation has now added
                     explosive volatility to many countries' politics.  
Vietnam, India, Egypt and Cambodia --
                     have sharply limited their rice exports so they can be sure they can feed their own people.   The
                    Washington Post reports that since January, thousands of troops have been deployed in Pakistan
                     to guard trucks carrying wheat and flour. Protests have erupted in Indonesia over soybean shortages,
                     and China has put price controls on cooking oil, grain, meat,  milk and eggs. Food riots have
                     erupted in recent months in Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and

                          World Bank President Robert Zoellick warns that food and oil inflation are apt to cause
                     severe turmoil and unrest in 33 countries. Global inflation has become embedded into the
                     psyche of billions of people around the world.  Inflationary expectations like these
                     will be difficult to stop now that it has started.
  Bush's war and the Fed's bailout of
                     elite US banks with billions is going to cost many mor elives than even their critics

              Riots are the exception.  But they do get attention from
             policy-makers.   The truth is that a silent and painful famine is
             sweeping the Globe because sharply higher energy prices
             make transportation of foods and powered irrigation
             much more expensive.  What's worse?  Corn is now used
             for clean fuel, rather than food. As oil prices rise, so do
             chemicals and thus fertilizers.   The rising food prices
             that result mean hunger from Haiti to Pakistan to North
             Korea to Indonesia to Egypt and much of East Africa. 
             Millions may starve.  "While people in richer countries have noticed higher
                   supermarket prices, the effect is far more pronounced in developing countries where
                   50-60 percent of income goes to food compared with just 10-20 percent in the developed
                   world. "
                   (See = http://www.alertnet.org/thenews/newsdesk/L11338105.htm )
             Dairy prices are rising, too, because it is more expensive to keep
             cattle.   Many are being slaughtered.  Hence, the decline in
             beef and hog prices. "More people are eating meat and dairy products in Asia,
                   which increases the demand on the animal-feed industry. Milk powder prices rose from
                   $2,000 to $4,800 per tonne last year as rising consumption of milk products in Asia coincided
                   with shortages in the Western world. Drought in Australia has worsened the problem as have
                  government policies in Europe and America to increase the use of biofuels."
                  (See = http://www.timesonline.co.uk/tol/news/environment/article3500975.ece )

                          Countries may start to hoard their foods.  The President of the Phillipines appealed
                  to the President of Viet Nam to keep supplying promised rice.  India and Argentina have
                  restricred the export of grains.  S
tockpiles of wheat hit a 60-year low in the United States as
                  prices soared. Almost all commodities, from rice and soybeans to sugar and corn, have posted
                 triple-digit price increases in the past year or two.

                        Global warming will make a bad situation much, much worse if drought conditions
                    expand, as expected,  in Africa.  Bush and Cheney have created much contempt and
                    hatred for the US by denying the reality of Global warming.  Their denial is seen as
                    an act of unmitigated selfishness by the US, a country that is the biggest producer
                    of CO2 emmissions on the planet and by Bush and Cheney, who tied so closely to
                    the oil and gas (fossil fuel) industry in te US.

              "This is the new face of hunger," said Josetta Sheeran, director of the UN's World Food
                     Program, launching an appeal for an extra
$500 million so it could continue supplying
                     food aid to 73 million hungry people this year. "People are simply being priced out of
                     food markets. ... We have never before had a situation where aggressive rises in food
                     prices keep pricing our operations out of reach."

Apr 14, 2008 UNITED NATIONS - A rapidly escalating global food crisis has reached
                      emergency proportions and threatens to wipe out seven years of progress in the fight
                      against poverty, Secretary-General Ban Ki-moon warned Monday. 
He called for short-term
                      emergency measures in many regions to meet urgent food needs and avoid starvation and urged
                      longer-term efforts to significantly increase production of food grains.  The international community
                      needs "to take urgent and concerted action in order to avoid the larger political and security
                      implications of this growing crisis," Ban told international finance and trade officials who came to
                      a U.N. meeting following weekend talks in Washington.

                        Bush in the US responded by releasing $200 million in emergency aid to help nations where
                      surging food prices have deepened hunger woes and sparked violent.  By comparison, Bush's
                      tragic blunder and now criminal face-sacing war in Iraq is costing more than $12,000,000,000 a
                      month. If the seemingly endless war in Afghanistan's cost is added in, then these wars are costing
                      each household more than $100 per month.  

                        I submit that if instead of using costly military force to occupy and control a country in the
                        midst of a civil war, the money was spent to conquer world hunger, the US would gain a
                        vast amount of good will and be much safer from a terrorist attack.  As it is, Bush's war and
                        reliance on intimidation and bullying have only facilitated the recruitment and training of
                        legions of new terrorists. 

                       "News you won't find on CNN" - http://www.informationclearinghouse.info/article19725.htm
                                      Watch video   Feed starving children, donate to Africa charity                                              

                        Feed the Children   Christian Children's Fund


The photo is the “Pulitzer Prize” winning photo taken in 1994 during the Sudan Famine.
                        The picture depicts stricken child crawling towards an United Nations food camp, located a kilometer away.

                         The vulture is waiting for the child to die so that it can eat him. This picture shocked the whole world.
                         No one knows what happened to the child, including the photographer Kevin Carter who
                         left the place as soon as the photograph was taken.  Three months later he committed suicide
                         due to depression.

                         wpeF3.jpg (25444 bytes)
                         ( Source: http://www.worldsfamousphotos.com/tag/famine )


             "IMAGINE " Video.

Imagine there's no heaven,
it's easy if you try,
No hell below us,
above us only sky,
Imagine all the people,
living for today.
Imagine there's no countries,
it isn't hard to do,
Nothing to kill or die for,
and no religion too,
Imagine all the people,
living life in peace.
You may say I'm a dreamer,
but I'm not the only one,
I hope someday you'll join us,
and the world will be as one.

Imagine no possessions,
I wonder if you can,
No need for greed or hunger,
a brotherhood of man,
Imagine all the people,
sharing all the world.
You may say I'm a dreamer,
but I'm not the only one,
I hope someday you'll join us,
and the world will live as one.


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                                          GLOBAL INFLATION

   Rice riots are not new. Japan 1918.   

          2010-2011   FOOD PRICE DOUBLE-BUBBLE
  June    March          Symbol
                           2010       2011
      Coffee             135         287           CC1620
      Cocoa           2900       3644           CO1620
      Live Cattle       90        114            LC1620
      Soybeans      950     1382           S_1620
      Sugar                16          30            SU1620
      Wheat              450        780            W_1620
      Orange Juice 140     177            OJ1620
      Oats                 200       375            O_1620
      Corn                350       706            C_1620
      Live Hogs        80         89             LH1620

MASTFOOD.BMP (1027938 bytes)


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