Stocking Up! World Food Shortage Perils USA.
by Mark Steel
Wednesday, 09 February 2011
It is no secret that there are a growing number of news clips and hard news about the worldwide food shortages. Note that currently Mid East countries have been buying up hundreds of tons of wheat and other grains to stave off the hungry hoards that are rioting. When people are hungry-they riot-then political structures, good or bad, tumble.
Although the mainstay of the threat is focused on Third World-Poor- countries due to agricultural failed policies, weather, wars and mismanagement on behalf of the people, here in the USA we are also starting the downswing, as you will verify about food costs in the store. Oil of course is jumping out of sight again and since we are in a global market we are swept right along.
The USA government is stockpiling food, allegedly every 10 years, however there seems to be a discrepancy between the political talk for the masses vs.: the figures published for actual stores on hand. Most grain seems to be sold to the Third World Countries for cash. During our Great Depression there was a massive food distribution system, based on local farms supply, not as today with Strawberries being air freighted from South America. The problem then is that there was no cash flow, not even a penny in the pocket. Today the inverse is that everyone has credit to buy, but will the grocery shelves be full when you have your new credit card?