Posts Tagged ‘ FOOD CRISIS ’

More bad news for Rice: Floods threaten Vietnam’s Mekong Delta rice basket

SEPT11ricefutes_jgflaDAILY

By John Galt August 31, 2011 – 07:50 ET While Americans in the Northeast stripped the shelves bare thinking that grocery stores magically reproduce fresh stock at will, the future crisis building up worldwide regarding a potential rice shortage continues. With China experiencing major problems due to weather, Japanese rice contaminated with radiation from Fukushima, and South Korea reporting a sharp decline in production the other day, now flooding is threating the Mekong Delta region of Vietnam where a record crop was projected. From China…

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Food Crisis Update: S. Korea Rice Output to hit 10 Year Low

RICEFIELD

By John Galt August 28, 2011 – 22:45 ET From the South Korean news agency Yonhap August 29, 2011: S. Korea’s rice output to hit 10-year low this year SEOUL, Aug. 29 (Yonhap) — South Korea’s rice production is forecast to hit a 10-year low this year due to shrinking farm land and lower yields caused by unfavorable weather conditions, a state-run think tank said Monday. According to the Korea Rural Economic Institute, rice production is expected to reach 4.12-4.24 million tons this year, down…

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7/23 MUNICIDE ALERT: Largest Municipal Bankruptcy in History Could be filed next week

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By John Galt July 23, 2011 In February of 2008, I wrote about the threat of “Municide” to the municipal securities industry and those who invested in funds or depended on them for their income. It was not meant to be an idle warning or casual threat, but a realistic look at what will happen eventually as the real estate markets collapsed and the Federal government’s impotence would impact the entire market. From the original piece I stated: Unfortunately for all of us, the failure…

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Chinese Food Prices Skyrocket after Drought and now Flooding

Chinese Food Prices Skyrocket after Drought and now Flooding

  By John Galt June 19, 2011 The crisis of the drought causing massive problems within Chinese agriculture in the central and northwestern portions of the country are now being complicated further by floods in the Southern part of the nation. Meanwhile, as outlined in a story from Xinhau this morning, Heavy Downpours damage farmland, inflates food prices in Eastern China, a substantial portion of production has already been impacted with little relief in sight. From the story: “This is the biggest flood I’ve ever…

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Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

Gas and Diesel Prices Indicate Another Economic Crash: 2008 Redux

  By John Galt April 11, 2011 The myth that the American consumer is back being perpetuated by the financial infomercial networks and our government is about to be shattered once again. The proclamations by Fed governors that we the people are participating more in the economic engine ignores the declines in compensation compared to inflation since 2002 when the Fed and U.S. government elected to inflate the system at all costs rather than face a necessary recession to flush the system. This policy continued…

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