For the 1 billion people living on less than a dollar a day, the world’s worst food crisis in a generation is a matter of survival. Food is now considered the new gold.
By Steve McCann
Perhaps the most over used but most accurate term used to describe the policies and ideology of the American Left is the "Law of Unintended Consequences." There is virtually nothing that these people espouse that once put in place has not had detrimental effects on either the people of the United States or the world.
Today there is a global food shortage and sky-rocketing prices. This has become the underlying factor in the riots in Tunisia, Algeria and Egypt, where up to 56% of a person's income is dedicated to the acquisition of food. These riots are now leading to the upheaval of governments and the very real possibility of the ascendancy of the radical elements into control.
While bad weather in various parts of the world is an element of the accelerating food prices there are two other factors directly related to the United States and its policies.
First, because of the enormous deficts run up by Obama administration and the Democrat controlled Congress, the Federal Reserve has had to effectively print trillions of dollars which have flooded the global market. Commodities are priced in dollars, consequently emerging markets throughout the world, and the food sector in particular, are suffering from rapidly rising inflation. Read More