- 2011 will be the year of undeniable global famine. It has already started in the third world country this year. 2011 will see it spread to the industrialized world. The main culprit of this global famine is currency debasement worldwide. As the major currencies: USD, EUD, UKP, JPY … plunge into currency crisis, the minor currencies will follow them down the toilet tube via competitive devaluation. All currencies will go through debasement hell and this will de reflected in the rise in prices of hard assets, commodities, precious metals… Hyper-inflation will spread across the globe in various degrees.
- The current global cooling, mini ice age is putting pressure on grain crops and food crops. Crops are failing and food stocks are near record lows. So, we will have a double whammy of currency devaluation and crop failures in 2011 !
Global Food Prices in 2011 Face Perilous Rise
Food prices globally are rising to dangerous levels. There is talk of a coming crisis, like the ones that produced riots around the world in 2008 and 1974. Many of the ingredients of a disaster are present, but governments can stop the problem before it causes too much damage.
A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26 percent from June to November and brushing the peaks of 2008, according to the Food Price Index kept by the Food and Agriculture Organization of the United Nations. That hits poor countries that import much of their food, including the Philippines, Mexico, Nigeria and Pakistan.
‘Worst we have seen for winter wheat crop’!
…“Now, it’s probably the worst we’ve seen in 30 years,” said Jim Cooksey of Cooksey Farms southeast of Roggen. Four months of little to no moisture is taking its toll on the crop, which blankets fields across northern Colorado. That means hopes for even an average harvest next summer are starting to dwindle.
Floods Swamp Australia After Cyclone Hits
Heavy rain across much of eastern Australia has left towns cut off by floods as the storms spread southwards and threatened agriculture and mining industries. … Much of the rain has fallen on key sugar growing areas of Queensland. Australia, a top sugar exporter along with Brazil and Thailand, this month slashed its current year sugar export forecast by 25% as flooding reduced sugar content of cane. The wheat harvest has also largely ground to a halt in affected areas.
(Australia) Food tipped to rise by up to 50% as floods take toll
FOOD prices could rise as much as 50 per cent as the Queensland farming industry is hit with flooding losses of at least $400 million. Affected farmers on Tuesday revealed both summer and winter crops had been destroyed, with many hectares of newly planted grains, vegetables and fruit submerged by flooding. The damage is likely to push up the cost of groceries including melons, tomatoes, mangoes, and bananas from Wednesday.
Farming lobby group AgForce estimates 50 per cent of the state’s crops have been affected by heavy rain, causing a significantly reduced yield – with up to 20 per cent of crops lost.
London wheat price hits record £200 a tonne
London wheat hit £200 a tonne for the first time ever on Wednesday, playing catch up with Chicago and Paris peers, as UK markets reopened after the Christmas break. …. And wheat worldwide has gained support from weather factors, besides support from other food commodities, including fellow grain corn, facing the prospect of particularly tight inventories.
While the rains which have been plaguing Australia’s wheat growers have eased off, “harvests are already more than six weeks late”, Agritel, the French consultancy, said. Meanwhile, concerns over dry weather in Argentina, which have centred on corn and soybeans, have begun to raise some fears of eroding wheat yields too. And in the US Plains, where wheat seedlings have suffered from a dearth of moisture, forecasters have lowered the chances of imminent rain.