There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued. At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government’s endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going. Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer. Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets. Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1400 an ounce again and last week U.S. crude oil prices topped $100 a barrel for the first time since 2008. Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end. Yes, we are most definitely witnessing the death of the dollar. (Read More...)
Agricultural Commodities
Food Crisis 2011? 14 Disturbing Facts That Make You Wonder If The Coming Global Food Shortage Has Already Begun
Will 2011 be the year that we point to as the beginning of the great global food crisis? Food prices are soaring, supplies are very tight and already we have seen some very intense food protests flare up around the globe this year. When people don’t have enough to eat, they tend to become very desperate, and unfortunately it looks like the global food situation is not going to improve much any time soon. Right now the world is really struggling to feed itself, and with each passing day there are even more mouths to feed. It is being projected that the population of the world will reach 9 billion people by the year 2050. There are already way too many people starving to death around the globe, and unfortunately starvation is only going to become more rampant as food supplies get even tighter. Some of the key food producing provinces in China are facing their worst drought in 200 years. Flooding has absolutely devastated agricultural production in Australia and Brazil this winter. Russia is still trying to recover from the horrific drought of last summer. Global weather patterns have gone haywire over the past 12 months, and this is putting immense pressure on a global food system that was already on the verge of a major breakdown. (Read More...)