And that is just in the last year! The result of this is that almost everything you eat or buy is up 28% around the world or around the average of 1/3 in price at this time and the next year looks just as bad.
Since this is one of the factors that caused the revolutions in North Africa(starving people) expect food riots among the poorer people's of the world worldwide to a greater or lesser degree in every country at this point. The problem of Global Climate change prevents enough of these products being grown at prices people can afford to buy them. Since this directly affects 50% of the population of earth and indirectly affects the other 50% this is a very problematic thing for all governments to deal with worldwide. Since this, (because of too much rain, too much drought and just too much bad weather of all kinds) food has become very very expensive to grow. And this is only getting worse each year now.
The Corn, Coffee beans, and Wheat statistics are quoted from Fareed Zakaria GPS on CNN Sunday the 27th of February 2011.
Another statistic from the World Bank quoted on Fareed Zakaria GPS on CNN the same day is that:
"1 billion people in the world are hungry" right now.
If you go back and study what has happened to worldwide grain reserves since about 2006 you might come to the same conclusion that I have. The present Great Recession actually began when we didn't have enough food at a low enough price worldwide and this began about 2007. This starvation panic led to all the others worldwide. If you study this you might come to the same conclusion I have.
Oil prices were simply the Coup De Grace to the world Great Recession. It started with not enough food at low enough prices. Once again oil prices might be a 2nd Coup De Grace and create a second Great Recession or an actual 2nd Great Depression worldwide. This is my concern at present because oil prices haven't been this high in February in two decades.
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