We are in a period of history known as an “axial pointâ€, a point on which a great change is about to take place that will have a dramatic affect for the whole world. The article below talks about the serious problems with Fannie Mae and Freddie Mac, These institutions provide financing and purchase about [...]
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from Financial Sense:
I believe in the existence of the business cycle. That’s partly because almost everything in life is cyclical, which has been recognized at least since the tale about Joseph and the seven fat years and seven lean years. The Austrian school of economic thinking explains why the business cycle keeps coming around and [...]
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from TriState Observer:
WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.
“According to the May 1, 2008 CCC inventory report there are [...]
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from The August Review:
The most powerful of the latter-day pagan gods that have guided the destinies of humanity for the past two-score years is irredeemable debt. Before August 14, 1971, debts were obligations, and the word “bond” was to mean literally what it said: the opposite of freedom. The privilege of issuing debt had a [...]
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Many people think that there are actual wheat and rice shortages, THERE ARE NOT. What is driving up the price of wheat and other commodities such as rice is speculation by greedy investors! With the Global Stock Markets being in the doldrums, greedy investors have been piling into commodity markets in order to make a [...]
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from EurakAlert:
A WHEAT disease that could destroy most of the world’s main wheat crops could strike south Asia’s vast wheat fields two years earlier than research had suggested, leaving millions to starve. The fungus, called Ug99, has spread from Africa to Iran, and may already be in Pakistan. If so, this is extremely bad news, [...]
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Revelation 6:6:
Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”
from Der Spiegel:
Vast amounts of money are flooding the world’s commodities markets, driving up [...]
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from the New York Sun:
MOUNTAIN VIEW, Calif. — Many parts of America, long considered the breadbasket of the world, are now confronting a once unthinkable phenomenon: food rationing. Major retailers in New York, in areas of New England, and on the West Coast are limiting purchases of flour, rice, and cooking oil as demand outstrips [...]
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from The Globe and Mail:
The recent outbreak of food riots is a warning sign that rising food prices could cause unrest and instability across the world, the UN’s top humanitarian official said yesterday.
Combined with the negative impact of climate change and soaring fuel prices, a “perfect storm” is brewing for much of the world’s population, [...]
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from Bloomberg:
Be it ever so devalued, $1 trillion is a lot of dough.That’s roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.
Yet $1 trillion is the amount of defaults and writedowns Americans will likely witness [...]
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