The criminal bailout of the bankrupt financial system in the US and Europe - now reaching approximately $13 TRILLION - paying off the worthless gambling debts known as derivatives, while the real economy collapses, is, as Lyndon LaRouche has warned for years, driving a new hyperinflation like that of Weimar Germany in 1923, only global this time. This hyperinflation can no longer be hidden, as food prices (and other commodity prices) are now skyrocketing - according to the UN FAO, food prices have set a new record high, and there is no end in sight.
The article (linked below) in the current EIR shows that this is due both to vast food shortages, and to wild speculation, driven by the flood of money printed to bail out the derivatives bubble. Mike Billington
The World Food Crisis Is Intentional—It’s Genocide
by Marcia Merry Baker
http://www.larouchepub.com/eiw/public/2011/2011_1-9/2011-03/pdf/22-26_3803.pdf
{The first two paragraphs follow:}
Jan. 15—Today’s worsening world food crisis is not an unforeseeable repeat of the 2008 “episode” of food riots and suffering; it’s a continuation of a policy of genocide. Behind the food-price shocks, the food just isn’t there! If the speculation in food prices were wiped away overnight—as it should be—the crisis would remain.
At present, worldwide grains production is now running below even current levels of consumption— which levels themselves are far below the volume of food required; this, plus the fact that grain is being lost to biofuels, means that deprivation is terrible and worsening. The prices of other staples—oils, sugar, vegetables— are hyperinflating, along with cereals. Speculation is setting records. Over a billion people are going hungry and starving. But this is only the beginning, unless stopped now.
(for more, see http://www.larouchepub.com/eiw/public/2011/2011_1-9/2011-03/pdf/22-26_3803.pdf )
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