World Bank Says Do Something About Food Prices or There Will Be Blood
Apr 14th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & EconomicsThis weekend the president of the World Bank, Robert Zoellick, asked for $500 million in emergency aid for the UN World Food Program. “It is critical that governments confirm their commitments as soon as possible and others begin to commit,” Zoellick said. Prices have only risen further since the WFP issued that appeal, so it is urgent that governments step up.”
The Mogambo Guru recently weighed in on the situation:
“The big problem with inflation is that people get low blood sugar when they are hungry, and soon their moods turn sour. I know this for a fact because if breakfast or brunch or lunch or coffee break or dinner or any snack is five minutes late, I involuntarily turn into a screaming monster from hell demanding to know who stole my food and vowing bloody revenge. I can only imagine the anger when hunger is caused because someone can’t afford to buy food!
This “inability to buy food” is one of the problems with inflation, and that ugliness is now here, as we read from Bloomberg.com that “The World Bank in Washington says 33 nations from Mexico to Yemen may face ’social unrest’ after food and energy costs increased for six straight years.” Hahaha! No kidding?”.
Advertisement
Ballooning crude prices and shifting energy technologies have pushed the world to the brink of a global rush on natural gas. Here are the 3 petro-companies one ace analyst predicts are poised to cash in the most — including one that recent history proves could quickly yield 190-fold gains. Get all the details on these companies, and the maverick who recommends them, right here...