Monday, April 25, 2011

Economy - #2841 - Don't Like a Weak Dollar? Might as Well Get Used to It - CNBC (2) Are These the 20 Signs That Point to a Global Food Crisis? - The Blaze

Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market. The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world's predominant national currencies.  A combination of factors accounts for the weakness, with the Federal Reserve's easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.  In short, as trader Dennis Gartman noted Thursday, "the rout of the US dollar" is in full effect.  "Panic dollar selling is setting in," Gartman, a hedge fund manager and author of "The Gartman Letter," wrote in his daily commentary. "This may carry farther than any of us dream of or, worse, have nightmares of."How low can it go?  Read more.....

Are These the 20 Signs that Point to a global Food Crisis? - The Blaze - We heard the head of the World Bank say that he’s “concerned” about food prices, and that we’re “one shock away from a full-grown crisis.” Heavy stuff. But get ready, it’s about to get cinder-block-around-your-feet-in-a-lake heavy.  “In case you haven’t noticed, the world is on the verge of a horrific global food crisis,” writes Michael Snyder over at Zero Hedge. “At some point, this crisis will affect you and your family. It may not be today, and it may not be tomorrow, but it is going to happen.”  In order to prove his case, Snyder provides “20 signs that a horrific global food crisis is coming.” The first seven are :   #1 According to the World Bank, 44 million people around the globe have been pushed into extreme poverty since last June because of rising food prices.  #2 The world is losing topsoil at an astounding rate. In fact, according to Lester Brown, “one third of the world’s cropland is losing topsoil faster than new soil is forming through natural processes”.  Read more........

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