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Brief mention on bbc breakfast about some hedge fund/bankers raising money to do a huge investment in australian wheat.

So not content with breaking the banking system, now they're going for the baking system? ;-/

Rolling riots worldwide, regime change, insurrection, break up of empire stuff. Carefully crafted and political alliances that form the backbone of the exisitng hierarchy swept aside in an orgy of inflation and discontent.

It's contained.

Endgame to the collapse of the dollar - toeghter with the loss of military, political and monetary influence around the world. Considering what the us has become as a financial influence, can't be a bad thing, their money system is rotten to the core.

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Brief mention on bbc breakfast about some hedge fund/bankers raising money to do a huge investment in australian wheat.

So not content with breaking the banking system, now they're going for the baking system? ;-/

There are HPCers on the same bandwagon. ETFs are the purest form of speculation. Google HPC for mention of "ETFs" in combination with terms such as Agriculture (or Agricultural), Wheat, Grain, etc, and you'll find some of the culprits for this.

As with so many things, there's a good and a bad side to profiting from food production. I have a few squid in an agricultural fund, but its focus is on investment in the infrastructure rather than speculation on the product. An ignorant commentator (most likely lefty-ish - the kind of idiot who thinks we should tax businesses and employment to death) might describe me as an evil capitalist for that, too.

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From TMT's similar thread .....

There was a thread a while ago posing the question as to whether central bankers will ultimately be responsible for more deaths than any dictator in history because of the impact of their currency debasement on food prices. Personally, I would have added fiscal authorities to the question.

Hedge funds and wealthy households are only doing exactly what fiscal and monetary authorities have implicitly told them to do : "Buy things not promises".

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Brief mention on bbc breakfast about some hedge fund/bankers raising money to do a huge investment in australian wheat.

So not content with breaking the banking system, now they're going for the baking system? ;-/

On CME there are wheat futures along with a whole range of food types. This has been going on for a while. The markets don't move as fast as the bond markets.

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