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THE 2010 CRISIS : the food ... overwhelming evidence !

Francis Lambert

  27/12/2009

Over the last two years, the world has faced a series of unprecedented financial crises …

The 2010 Food Crisis is different. It is THE CRISIS.

The government bailouts and central bank interventions, which have held the financial world together during the last two years, will be powerless to prevent the 2010 Food Crisis from bringing the global financial system to its knees.

There is overwhelming, undeniable evidence that the world will run out of food next year.

When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.

Two countries which will follow the US into economic oblivion are Britain and Japan.

Britain is probably the only country worse off than the US, and they know it. Privately, something close to desperation is starting to develop inside government …
Japan meanwhile is facing a demographic collapse and its debt to GDP is approaching 200%. The dollar’s collapse is going to wipe out the value of Japan’s foreign reserves and destroy the country’s largest export market (the US), heavily damaging the economy. The yen, like the pound and dollar, will not survive.

=> Quelques extraits d’un très long article, bourré de références et statistiques.
L’agriculture a toujours été le talon d’achille des civilisations … les empires y sont pires encore (URSS).

http://www.marketskeptics.com/2009/12/2010-food-crisis-for-dummies.html