The biggest rap about investing in emerging markets has been that they suffer from out-of-control inflation. The high prices of food and fuel undermined otherwise strong economic progress in emerging nations. On a conservative estimate, food-price rises may reduce the spending power of the urban poor and country people who buy their own food by 20%, according to the Economist.

For seven years, the Doha Development Round has been the staging ground for the World Trade Organization’s push for liberalizing global agricultural trade, but if this week’s round of discussion in Geneva, Switzerland is any indication, a global trade deal is nothing more than a pipe dream.

It’s a difficult number to get your head around. But there you go. The amount of dollar bills floating around rose by $6.3 billion last week alone.

What’s the end result of the Fed creating more money and more credit? A massive drop in the U.S. dollar’s buying power, says The Mogambo Guru.

It makes him want to vomit and scream at the same time.

Inflation in the money supply leads to inflation in prices of other things - things like food and oil. Put your money in gold before it’s too late.

“It’s always darkest just before it goes pitch-black.” That’s the kind of humor you’ll find on Despair.com, a purveyor of antimotivational posters.Right now, despair is what they’re feeling on Sand Hill Road, the iconic road in Menlo Park, California, where the world’s top venture capital firms are clustered.

Corn prices could hit $10 a bushel this year, reports MarketWatch.

According to the report: “A large loss of acreage could slash U.S. corn production and push next season’s year-end stocks to the lowest level since just after World War II, some analysts said.” If bad weather continues in July and August, corn prices could rise to $10 a bushel, said Shawn Hackett, president of agriculture futures brokerage Hackett Financial Advisors.”

On Thursday, Jennifer Yousfi told Money Morning readers three ways to profit from record meat and dairy prices — both of which are closely connected to the price of corn.