Published On: Mon, Dec 21st, 2009

2010 to witness devastating Food Crisis

2010 to witness devastating Food Crisis

According to a recent analysis by Eric deCarbonnel from MarketSkeptics.com, “undeniable evidence that the world will run out of food next year”, which will result in “US economic disintegration”.

The report details how the financial crisis which led to the collapse of the real estate market and subsequently the  freezing of credit markets has not only hit big corporate giants like Freddie Mac, Fannie Mae, AIG, Bear Sterns, Lehman Brothers and the like, but severely affected global food markets.

Despite the supply and demand situation being completely out of balance, food prices haven’t shot up, says the author. The United States Department of Agriculture (USDA) instead of adjusting production estimates down to reflect decreased productions, adjusted estimates upwards to match increasing demand from China, effectively bringing a balance on paper and temporarily delaying a rise in food prices by ensuring a catastrophe in 2010.

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  1. clayton davies says:

    I am ignorant on economics. Is there going to be a real noticable food shortage, skyrocketing prices and mass starvation and fighting over food in America in 2010? It sounds like a doomsday scare. I wonder who out there is making money off this. Maybe it is true. I do not know. Does anyone know?

  2. Sandra says:

    If you were to have told you in 2005 that in 2008, millions would lose their savings over a “financial crisis” would you have thought the same? Yes!

    The food crisis is the same game my friend…

  3. clayton says:

    Yes. I have to agree with you on that. And some did say so.

  4. Yes! why? cos the banksters and their pawns are using FOOD as they use oil to bolster false profits and all the usual scams they do with selling stuff they dont have for money they want for no result for anyone but themselves!
    Biofuels and inedible GM toxic muck taking good food land is another reason, add poor start to the USA year, low harvest and then rain snow and Voila! food will be scarcer, funny how dairy farmers are going broke, killing cows prices paid are rock bottom? yet retail prices raise weekly it seems, and they are stockpiling!! milk powder yet will NOT sell it to the needy at a fair price..
    AGW has not one thing to do with it! its the mismanagement of mega corporations taking over the local and stable growing food crops for monocropping and massive profits.

  5. William says:

    We all need to be self sufficient to grown what we need to survive, It will take away the elites control over us no more relying on money. Let me ask you one question, who would you miss the most the banker or dustman ?

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