The major drought has been talked to death my the MSM, so let's skip that here.
- I'll only attach a USDA drought map and say it's bad and getting worse.
Corn futures (Dec) on the CME have already jumped over 50 percent because of the drought's impact on the corn crop.
- The 'smart' money is already positioning.
I have read about ranchers selling livestock because of the anticipated rise in the cost to feed them, and analysts tell us the price of meat will surely increase as a direct result.
So far, there has been a glaringly obvious link completely 'missing' from the MSM's narrative....drought-corn-ethanol.
The US Government's "ethanol policy" was boneheaded from the start (I know I am being redundant here). Subsidizing the diversion of foodstuffs into an inefficient fuel alternative as a sop to the 'greenies' (read: eco-fascists or eco-tards as you prefer) never made any sense, but the librul media absolutely LOVES the idea so maybe that's why they're keeping so quiet now.
- Besides, the 'dumb' money (the Taxpayer) has endlessly deep pockets for the Taxspenders to fish about in, so why worry or start making sense now?
Wednesday 18 July 2012
The 'missing' link...................from Rico
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The story behind ethanol should include the massive bribery by and lobbying on behalf of the Archer Daniels Midland Corp. in the US and the millions starved to death or trapped in poverty and violence through the 3rd World by high food prices.
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