General Discussion
In reply to the discussion: President Obama’s Creepy Executive Order: "Putting the economy on a permanent war footing" [View all]Ikonoklast
(23,973 posts)There is famine in China due to global climate change, now entering its third year.
Other grain-exporting countries, such as the United States, are already under huge pressure to feed their own populations due to drought and crop failures here and elsewhere, world-wide.
India has banned all wheat and rice exports. Brazil doesn't have enough soybeans to fill domestic consumption, and they ban all sales of basic food commodities to the world market.
China has hundreds of billions of dollars, but not near enough food to feed its populace. Hundreds of millions will starve if the Chinese government refuses to step in and do anything.
The Chinese government is willing to bid the price of basic commodities through the roof in order to purchase every bushel of wheat, corn and soybeans available world-wide, creating massive price increases of basic foodstuffs in this and other nations, putting millions of U.S. citizens at risk because they can no longer afford to feed their families, as a loaf of bread hits $25, and a pound of chicken cost $45.
Commodity brokers are having a field day as they make stupendous overnight fortunes speculating on the huge price run-up do to the insatiable demand coming from China, and the willingness of that government to do whatever it takes to secure enough food, damn the price paid.
Does the president of this nation invoke an executive order and step in to ban exports of basic food commodities that otherwise would have been bought on the open market by the highest bidder, or does he just let world-wide market forces dictate who gets to purchase our domestically produced foodstuffs, therefore insuring starvation in this country?