Friday, May 09, 2008
India shocked the markets yesterday by suspending trading in futures contracts for a range of farm products in a bid to clamp down on alleged speculators and curb inflation, now running at 7.6pc.
TELEGRAPH UK: Global free market for food and energy faces biggest threat in decades
The global free market for food and energy is facing its biggest threat in decades as a host of countries push through draconian measures to hold down prices, raising fears of a new "resource nationalism" that could endanger world food security.
Posted by chris @ 07:03 PM (180 views) Add Comment
3 Comments
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1. harold said...
"...in a bid to clamp down on alleged speculators and curb inflation, now running at 7.6pc"
Simple, just order central banks to stop printing money:
http://www.kitco.com/ind/Turk/turk_apr282008.html
2. little professor said...
Well done India! The futures traders are leeches, plain and simple. No country should allow its population to starve because some glorified spread-better wants to make millions in profit for no work.
3. Charlie Brooker said...
little professor - exactly, well done to the Indians who have had both the courage and integrity to stand up to the corrupt few wealthy psychopaths who have no qualms playing games with billions of people's lives.
I was thinking this week we the people of the world should set up a website and get everyone donating towards a bounty offered on the capture of speculator's genitals.