Posts Tagged ‘scarcity’

” Lee is especially critical of governments for altering the world food supply by investing heavily in the production of corn-based biofuels, including biodiesel and ethanol. …
“It’s got to go down as one of the dumbest decisions ever,” Lee says of creating biofuels from agricultural products that have traditionally been part of the food chain. … The Harper Conservatives have committed $2.2 billion over nine years to developing Canada’s biofuels industry. The United States is spending billions more. “
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” I don’t want to alarm anybody, but maybe it’s time for Americans to start stockpiling food. No, this is not a drill. … Stocking up on food may not replace your long-term investments, but it may make a sensible home for some of your shorter-term cash. Do the math. If you keep your standby cash in a money-market fund you’ll be lucky to get a 2.5% interest rate. Even the best one-year certificate of deposit you can find is only going to pay you about 4.1%, according to Bankrate.com. And those yields are before tax. … Meanwhile the most recent government data shows food inflation for the average American household is now running at 4.5% a year. “
” In the period since early March, coal reserves have slumped by 12 per cent to 46.7 million tonnes, according to the commission. “
” Detroit is the lone city on this list that’s already in the process of becoming ruins– over fifty percent of the city’s peak population has already moved away, and vast areas of the city have been demolished to hide the occupancy issues posed by this economic tragedy. “