pandora's box Posted January 27, 2011 Share Posted January 27, 2011 Governments across the developing world are stockpiling food staples in an attempt to contain panic buying, inflation and social unrest. But the hoarding is driving agricultural commodity prices even higher. The cost of wheat, the world’s most important staple, reached a fresh two-and-a-half-year high on Thursday, after countries from Algeria to Saudi Arabia announced extraordinary purchases. FT link Quote Link to comment Share on other sites More sharing options...
Timm Posted January 27, 2011 Share Posted January 27, 2011 Governments across the developing world are stockpiling food staples in an attempt to contain panic buying, inflation and social unrest. But the hoarding is driving agricultural commodity prices even higher. The cost of wheat, the world's most important staple, reached a fresh two-and-a-half-year high on Thursday, after countries from Algeria to Saudi Arabia announced extraordinary purchases. FT link They are speculating. It was ever thus. I've been quoting the following passage for years now. (Rev 6:5 NIV) I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. 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!" In other words, when times get hard, the price of wheat goes up. Some people see the revelation of St John as some sort of prediction. I don't. It's more like a biblical HPC. Quote Link to comment Share on other sites More sharing options...
The Pale Rider Posted January 27, 2011 Share Posted January 27, 2011 They are speculating. It was ever thus. I've been quoting the following passage for years now. (Rev 6:5 NIV) I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. 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!" In other words, when times get hard, the price of wheat goes up. Some people see the revelation of St John as some sort of prediction. I don't. It's more like a biblical HPC. I wondered where ole black went! Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted January 27, 2011 Share Posted January 27, 2011 RDA for an adult is 2000cal. Many individuals waste more or consume more that that a day. I hardly eat any wheat now and I feel so much better. Quote Link to comment Share on other sites More sharing options...
Timm Posted January 28, 2011 Share Posted January 28, 2011 I wondered where ole black went! Oh damn, you're here already? I looked and there before me was a pale horse! Its rider was named Death, and Hell was following close behind him. PS. Red and white phoned. They want a party when they get back from the great game. Quote Link to comment Share on other sites More sharing options...
northwestsmith2 Posted January 28, 2011 Share Posted January 28, 2011 The holy trinity begins Quote Link to comment Share on other sites More sharing options...
SarahBell Posted January 28, 2011 Share Posted January 28, 2011 "Governments planting wheat" Would that be a better headline? Quote Link to comment Share on other sites More sharing options...
Timm Posted January 28, 2011 Share Posted January 28, 2011 "Governments planting wheat" Would that be a better headline? Yes, much better. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted January 28, 2011 Share Posted January 28, 2011 Yes, much better. So why have none of them thought of it? Quote Link to comment Share on other sites More sharing options...
bendy Posted January 28, 2011 Share Posted January 28, 2011 hold one, let's get this right - if the price of commodoties is going to rocket with governments getting in on the act then anyone on here when the 'crisis' hit will be able to buy a full property portfolio. i estimate bogle's bunker to have a NPV of $165.45m most of that is tied up in pasta and beans and tuna. Quote Link to comment Share on other sites More sharing options...
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