Tag Archives: crisis

“Queen of the Sun” movie about bees screening in Toronto, August 5-12th

This movie will be shown at the Toronto Underground Cinema, Aug 5-12:

About the film:

In 1923, Rudolf Steiner, a scientist, philosopher & social innovator, predicted that in 80 to 100 years honeybees would collapse. His prediction has come true with Colony Collapse Disorder, where bees are disappearing in mass numbers from their hives with no clear single explanation. Continue reading

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Goldman Sachs created the food crisis — “Foreign Policy” tells how they did it

From Frederick Kaufman in Foreign Policy:

Photo of wheat field via Financial Post.

Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food.

“Demand and supply certainly matter. But there’s another reason why food across the world has become so expensive: Wall Street greed.

It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there’s value, there’s money to be made. In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat. They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI). Continue reading

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Global food crisis on the horizon

From “The Economic Collapse” blog:

“In case you haven’t noticed, the world is on the verge of a horrific global food crisis.  At some point, this crisis will affect you and your family.  It may not be today, and it may not be tomorrow, but it is going to happen.

Crazy weather and horrifying natural disasters have played havoc with agricultural production in many areas of the globe over the past couple of years.  Meanwhile, the price of oil has begun to skyrocket.

The entire global economy is predicated on the ability to use massive amounts of inexpensive oil to cheaply produce food and other goods and transport them over vast distances.  Without cheap oil the whole game changes.  Continue reading

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