Stock Market Speculation Stems Possible Famine
Make note of this. Next terrorist attack will be aimed at Wall Street, and it probably won't be because they 'hate our freedoms', it'll be because their families and friends are starving due to stock market 'gambling'.
I'm thinking very seriously about pulling my IRA & 401Ks out of the market, I want NO part of this.
BBC News: Hedge funds 'grabbing land' in Africa
Short Version: Hedge funds and other foreign firms had acquired large swathes of African land, often without proper contracts, displacing millions of small farmers.
Foreign firms farm the land to consolidate their hold over global food markets and use land to "make room" for export commodities such as biofuels and cut flowers.
"This is creating insecurity in the global food system that could be a much bigger threat than terrorism,"
Hedge funds and other speculators had, in 2009 alone, bought or leased nearly 60m hectares of land in Africa - an area the size of France.
"The same financial firms that drove us into a global recession by inflating the real estate bubble through risky financial manoeuvres are now doing the same with the world's food supply,"
Some firms obtained land after deals with gullible traditional leaders or corrupt government officials.
Investors said it is easy to make a deal - that they could usually get what they wanted in exchange for giving a poor tribal chief a bottle of Johnnie Walker.
I'm thinking very seriously about pulling my IRA & 401Ks out of the market, I want NO part of this.
BBC News: Hedge funds 'grabbing land' in Africa
Short Version: Hedge funds and other foreign firms had acquired large swathes of African land, often without proper contracts, displacing millions of small farmers.
Foreign firms farm the land to consolidate their hold over global food markets and use land to "make room" for export commodities such as biofuels and cut flowers.
"This is creating insecurity in the global food system that could be a much bigger threat than terrorism,"
Hedge funds and other speculators had, in 2009 alone, bought or leased nearly 60m hectares of land in Africa - an area the size of France.
"The same financial firms that drove us into a global recession by inflating the real estate bubble through risky financial manoeuvres are now doing the same with the world's food supply,"
Some firms obtained land after deals with gullible traditional leaders or corrupt government officials.
Investors said it is easy to make a deal - that they could usually get what they wanted in exchange for giving a poor tribal chief a bottle of Johnnie Walker.