This is not rocket science!
February 18, 2011
- A billion new middle-class people will be joining the global consumer market this decade.
- Canadian lumber sales to China doubled in 2010. (Sales tripled in December.)
- Food production will have to increase 70% by 2050 to feed the planet’s needs.
- Food is traded as for-profit commodities on the world’s stock markets.
- The price of food is already at record levels.
- Food is already being transported under armed guard in a number of countries.
- Food prices will increase by 25-50-% this decade.
- Stock market institutions are eagerly betting that they will.
- Futures in coffee, sugar, corn, wheat are up 50% since the summer of 2010.
- Egypt was the largest per-capita importer of wheat in the world.
- Crop failure was wide spread in Russia last year. Drought.
- And will be so this year in China. Drought.
- “Foodriot” entered the popular vernacular in 2010 because they happened in 40 countries.
- Food prices are up 10% in China so far this year. (Fruit up 35%.)
- Commodity investments will be the new tech/housing market bubble.
- The local/global gap between the rich and the poor is at it greatest point since they started keeping records in the Great Depression.
- “Foodriots” will increasingly dominate the media headlines over the next five years (and for a long time afterwards).
- “Food” will be one of two history changing global crises of this century. (The environment being the other.)
- Don’t think foodriots will happen in Toronto? VitalSigns©2010 reports that more than 50% of Torontonians now work in the minimum wage customer service sector. Debt loads are at record levels.
- Where will you be when the shit hits the fan?
It’s going to get ugly before it gets better.