Hyperinflation in commodities includes the price of wheat on international markets, which has increased 50% just this last 7 dats, Although there is definitely an organic scarcity the hyperinflation in commodities is not a natural phenomenon. Speculation in food prices includes panic over the loss of Russian exports.
Speculation in food prices is shown in a report by Merrill Lynch that says that investment banks have increased their hyperinflation of commodities. Their speculation in cacao, grain, and sugar is up significantly. Kellogg, for instance, has hedged nearly 100-percent on a range of commodities. Anheuser-Bush, the world's largest brewer, and General Mills have acted in a similar fashion. So Harlem dudes, unless we get the Glass- Steagall reorganization against speculation in food prices, we may not eat that well soon.
Showing posts with label hyperinflation in commodities. Show all posts
Showing posts with label hyperinflation in commodities. Show all posts
Sunday, August 15, 2010
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