USDA Reports Food Shortages: Wall Street ‘Caught Off Guard’ by Severity

Saturday, July 3, 2010
By Paul Martin

By Eric Blair
BlackListedNews.com
07-02-2010

Several recent headlines indicate that food prices will continue their swift climb upward. These troubling new reports show that agriculture production and stored grains are critically low and experts are now predicting food shortages.

Look at a few of today’s mainstream headlines: Drought threatens global rice supply in the India Times; VA farmers say heat taking toll on crops, Associated Press; Severe food shortage follows lack of rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes crop estimates, which states that, “Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage.” And these articles don’t begin to address crops being damaged by the toxic rain from the Gulf oil disaster.

We are back to recession economics and rapidly heading toward a deeper, longer “Third Depression.” With all recent economic indicators setting new record lows and deficits at record highs, this ship is only going one way folks, down, down to Chinatown. This WTC-Building 7-style-controlled-demolition of the U.S. economy has long been engineered by the borderless banksters and will likely continue to collapse at the rate of free-fall gravity. With all of the manufactured confusion it may be difficult to know where best to invest your limited assets, but it seems to be clear that Food is on the march.

Depressions are caused when capital is removed from the economy and that large sucking sound you hear is your money being vacuumed out of your pockets into the banksters’ coffers. The shakedown went like this: they bet big, got fat, then lost thousands of times more than everything real on earth combined, then representatives of the serfs gave them all of the serfs’ money they need (including bonuses) to re-stimulate the economy.

Well, our money is NOT flowing back into the economy as promised, and it will not be flowing back into the economy anytime soon. With nothing but crumbs left for the peasants, deflation is happening to durable goods and paper assets (of which real estate has become), while the cost of human necessity is rapidly inflating.

The Rest…HERE

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