Sunday, March 15, 2009

When It Rains, It Pours

Except in Australia. A small round up of this weekend's news.

Automatic Earth has an unpleasant post today on food prices. Specifically, the horrendous timing on food prices & nutrition (prices going up, nutrition going down).

In a nutshell, the farmers' problems last year are going to hit us this year. Ammonia (key ingredient in fertilizer) has skyrocketed, so farmers cut back on fertilizer. This means land has to lay fallow more, the crop that is grown has fewer nutrients (ironically triggering the need for us to eat MORE to get the same levels).

Ed. note: There were food riots last year, but restricted to poor countries. There will be no such restriction this year.

Sy Hersh shares some more hard truths with the American public.
At a University of Minnesota event:
"new alleged instances of domestic spying by the CIA, and about an ongoing covert military operation that he called an “executive assassination ring.”
Ed. note: Emphasis mine.

Catherine Austin Fitts/Solari rebuts Greenspan's lame defense "The Fed Did Not Cause The Housing Bubble."
Like Sy Hersh, she shares some hard truths such as:
One of the dirty little secrets behind the housing bubble is the long standing partnership of narcotics trafficking and mortgage fraud and the use of the two in combination to target and destroy minority and poor communities with highly profitable economic warfare. This model is global. It is operating in counties throughout the world as well as in US communities.
Ed. note: By the way, that long standing partnership is with the U.S. Government. Don't believe me? Read Gary Webb's expose on CIA drug trafficking in South Central Los Angeles. Oh yeah - and make sure you read how he supposedly killed himself.

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