Whose the REAL Culprit in the Global “Food Shortage”?
Image via Wikipedia
I’ve been reading a lot of articles recently on the so called world “food shortage”. Apparently, the price of food is rising around the world, and people want to know why. Many politicians are raising the specter of global warming as the cause. Others are pointing the finger at bio fuels, where we are subsidizing people to turn food into fuel. Personally, I find the global warming angle a sham, while I have a little more time for the bio fuel point of view. However, I suspect the real cause (as in 95% of it) is our old friend fiat money. In an earlier post, I linked to a YouTube video, explaining how the US dollar, since decoupled from gold, has been steadily declining in value. This is why other commodities, such as gold, have been steadily rising in value relative to it. However, commodities are not limited to gold and silver. Food is a commodity as well. As all of the world’s governments print more money, is it any surprise that the value of food is going up as well? I could write more about this, but instead, I’ll just link to this great article I found on this at RealClearMarkets. It’s a worthwhile read:
http://www.realclearmarkets.com/articles/2008/04/the_foodshortage_myth.html
