WORLD WIDE high unemployment combined with food shortages = high prices = population control = loss of individual freedom
The US Federal Reserve Board’s deliberate policy of devaluing the dollar is also boosting prices, as most commodities, including food, are priced in dollars.
The recently announced round of quantitative easing (QE) by the US will only exacerbate this. A Guardian article November 6, “US under fire for fuelling surge in food prices”, explained “the $600bn of QE announced by the Federal Reserve would hurt consumers by pushing up prices of soy, wheat and other staple foods … Commodities are considered a safe haven when the dollar is falling. There is also an incentive for producers to seek higher prices to offset the falling value of the dollar.”
Last year, the number of people in the world without sufficient food reached one billion (one in six of the world population). Whilst this year the figure has now fallen somewhat to 925 million, the Millennium Development Goal target to halve the number of the world’s hungry by 2015 is clearly not going to be achieved.
In some areas of the world, the figures are much bleaker. According to Oxfam, in sub-Saharan Africa in 2009 a third of the population suffered hunger with five countries experiencing staggering levels of hunger of 45 percent and higher. FAO figures show that a child dies of hunger every six seconds. On top of those officially going hungry, the FAO assert that around two billion people―a third of the world’s population―live on diets lacking essential vitamins and minerals. This stunts mental and physical growth, putting them at long-term risk.
The FAO report notes that, as a result of lower harvests in key producing countries, reserve stocks will have to be used and this will lead to a further restriction in supplies next year. Whilst this may lead to more planting by farmers to take advantage of good prices for their produce, the FAO caution: “Cereals, however may not be the only crops farmers will be trying to produce more of, as rising prices have also made other commodities attractive to grow, from soybeans to sugar and cotton … consumers may have little choice but to pay higher prices for their food … the international community must remain vigilant against further supply shocks in 2011 and be prepared.”