Gambling for Your Food

Why are prices for food staples so high? It’s not just natural disasters and the rising cost of oil. $3 for a loaf of bread. Revelation 6:6.

http://www.foreignpolicy.com/articles/2011/04/27/how_goldman_sachs_created_the_food_crisis?page=0%2C1

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9 thoughts on “Gambling for Your Food

  1. Wow $3.00 for bread I would go hungry…. I think the gas prices has pushed the cost of living up.. Living here in Maine everything get trucked and the prices just go up… God Bless

    • That’s what we pay for whole grain bread here. I bake. The point is that it isn’t just energy costs that drove up the price of grain, but speculation on the wheat futures by Wall Street traders.

    • For a bakery loaf? Even the wunder-y-they-call-it-bread is at least $2.50 CDN. I bought all my flour on sale last fall – and glad I did. I almost treated us to a loaf of store-bakery garlic bread, but realized that is as much as I paid for 10 lbs of flour.

  2. In Jan. and Feb. I started to stockpile 25 lbs bags flour, rice, sugar and oil in that order and placed them in sealed plastic containers. I read about this in December or January. DH didn’t want to believe me. I also bake my own bread and using SAF dried yeast that I’ve bought in block form and stuck it away in the freezer and as long as you don’t open it up will stay fresh indefinitely (almost!)

    • Yes, I buy on sale and at bulk, then put it into canning jars or the freezer. I don’t store in plastic since I have allergies to the chemicals that are often used. We can easily get through from now until we have some fresh garden veggies without grocery shopping, although when we go to the city to see the children, I will replace a few things that have run out. I am going to try sprouting lentils this week and maybe sprouts will become our fresh veggies for a while.

  3. This is a rather scary article, it makes me think of the old saying about he who controls the food controls the world.
    I recently watched a documentary about Jamaica and how the IMF and all of the “free trade” agreements have decimated their farming. The US imports heavily subsidized powdered milk to Jamaica, and the once prosperous dairy industry is almost completely destroyed. Jamaican’s used to be able to farm and support themselves, those that are left are struggling to survive because of cheap imports. Think about it, produce that is imported to an island is sold cheaper than produce grown on the island. There are concerns that eventually the island will be totally dependent upon imported food – rather a scary prospect. Look at the US, the corn and soy beans are so heavily subsidized, and what is the corn, a low nutrition food that is grown for ethanol, animal feed, and high fructose corn syrup!! And, this is the primary crop we grow??? Next time you are in the store pick up a can of apple juice, most likely you will find that it contains juice of apples from at least three countries around the world thanks to globalization – this has contributed to the ruin of many, many US apple orchards, the little guy just cannot afford to compete. The major grocery chains in the US have contributed to the problem, they insist upon having “perfect” fruit in and out of season at a very low cost. All of the trade agreements between countries contribute to destroying small independent farming operations and making communities more and more dependent upon imported products. Large companies like Dole, Chiquita, and Del Monte, have huge influence on the cost of fruit, and only very large farming operations or cooperatives can meet their demands, once again, the small farmer is put out of business.
    There are a few very wealthy people who seem to control the quality of life for everyone else. There is no reason why anyone should go hungry in our world, but thanks to globalization and GREED, a life based on sustainable farming is being stamped out. This is so called progress, but is it? The rich get richer, and everyone else loses, and those in the poorest countries face starvation.

  4. I heard mumblings of rising costs back in fall too, and bought an extra 10 lbs of flour. In anticipation of further rises, I’m buying more this week as well as cornmeal, and will store it in my Ex Husband’s freezer–thankfully we’re on good terms. Sugar is not a big deal since his neighbor has a cane patch. Will be harvesting red jacket potatoes in 2-3 wks, already have baby cukes & zukes on the vine. Glad we planted extra this year–and will do so again come fall, when we put in cabbage/broccoli etc. We’re also going to can/freeze/dry every doggone thing possible.

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