Food Crisis: Food Riots Leave Five Dead in Mogadishu
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The ongoing food crisis has claimed more lives after security forces killed at least five people during food riots in the Somali capital Mogadishu.
According to the AFP news wire:
At least 20,000 people were out on the streets to demonstrate as anger grew at printers of fake money and unscrupulous traders whose preference for US dollars over the Somali shilling is helping to push inflation to record levels.
“The simple fact of the matter is the world’s resources are dwindling faster than Britney Spears’ career,” says commodities expert Kevin Kerr.
“As investors, we must look at this situation as an opportunity for our portfolio. First of all, I suggest if you have some extra land (condo developers and house flippers, listen closely), grow a vegetable garden, and if you are ambitious, raise some sheep and cows, because they will come in handy. A little more practical and with less bunker mentality is to add stocks of some of the key agricultural companies that help support the industry, like those dealing with equipment making, fertilizer, irrigation and transport.”