U.S. will cause Food Riots with Prices Tripling

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Nemesis 1

Lifer
Dec 30, 2006
11,366
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Souix? You mean a native american lives in my spine?

Souix means snake.

noun, plural Sioux /, / [soo, sooz]. Dakota (defs. 4, 6) ... snakes," from nadowe "Iroquois" (lit. "big snakes"). Another ... In either case, a name given by their. I changed the spelling to show I wasn,t speaking of the great Indian nation . My land is their land . Funny they never could understand land ownership. I understand it. Not so sure I agree with it however . At wounded knee they were dealt a great blow along with many other losing battles against well supplied whites. These people and others performed the Ghost dance. Befor the great White spirit who mormons claim to be the Christ. We shall see who rules this land. As it was in the beginning so shall it be at the end. Adam reborn yet another time . he gets it right this time. Not good for you
 
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WelshBloke

Lifer
Jan 12, 2005
32,774
10,918
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I'm going to have left over pork curry for tea, you may as well add that to the list as well.
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I usually use tea to make my tea but then again a good curry is hard to beat.

My pork curry is awesome, takes all day to make but it's worth it.
 

mshan

Diamond Member
Nov 16, 2004
7,868
0
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Co-CEO of Whole Foods has seen disinflation for the last 18 months, and projects 2% inflation through end of this year, 3 - 4% inflation next year because of drought destroying corn crop.

Says price spikes at farm typically have 6 - 9 month lag to end consumer and may be blunted if appropriate hedging (derivatives?) had already been put in place: http://video.cnbc.com/gallery/?video=3000109180&play=1

Dennis Gartman ("The Commodities King") has also said that Brazil, Argentina, and Australia can plant more corn next year if need be.

Doesn't mean prices aren't going up, just not apocalyptic as OP's title might suggest (that would be more in line with Jeremy Grantham's long-term thesis on population growth around the world and limited natural resources, but IIRC, I think he said he thinks that would play out over next 30 years) http://www.morningstar.com/cover/videocenter.aspx?id=557925

Regarding getting rid of ethanol in gasoline, some talking head on tv said than ethanol is 110 octane, so refiners are only refining oil to 84 octane gas so mixture gets to 87 octane minimum. Have no idea how easy it is for refiners to retool for higher octane pure gas.
 
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Pr0d1gy

Diamond Member
Jan 30, 2005
7,774
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Don't worry, they'll keep bumping it until it finally happens. Don't waste your time on these end of the world threads.