U.S. Food Prices 2013: Jeremy Grantham Warns of Coming "Dystopia"
The warm weather in the winter months gave farmers hope for a great crop production this year, but a crippling U.S. drought now covers around 60% of the continental United States. The water shortage has killed crops, pushed corn prices higher, and will eventually make its way to your local store shelves.
But according to famed analyst Jeremy Grantham, the looming U.S. food price increase in 2013 is just the beginning, and the reasons go far beyond the current drought.
Grantham, the founder of Boston-based institutional money manager GMO LLC, in his July 2012 quarterly letter to investors wrote a report entitled, “Welcome to Dystopia! Entering a long-term and politically dangerous food crisis.”
Grantham explained that rising U.S. food prices have more to do with soaring population growth than this summer’s water shortage.
“We are five years into a severe global food crisis,” Grantham wrote, “that is very unlikely to go away.”
U.S. Food Prices Rise with Population
Grantham explained that as the world’s population rises, global demand for resources will rise exponentially; it’s a mathematical certainty.
“The general assumption is that we need to increase food production by 60% to 100% by 2050 to feed at least a modest sufficiency of calories to all 9 billion+ people, plus to deliver much more meat to the rapidly increasing middle classes of the developing world,” wrote Grantham.
Even today, the average American is responsible for 32 metric tons worth of food, water, minerals, and energy from the environment every single year – and that’s just one person.
“Even if we could produce enough food globally to feed everyone satisfactorily the continued steady rise in the cost of inputs will mean increasing numbers will not be able to afford the food we produce. This is a key point that is often missed,” Grantham said.
Over time, Grantham said food shortages “will threaten poor countries with increased malnutrition and starvation and even collapse.”
So the long summer drought which currently consumes almost 65% of the contiguous U.S. states is just a preview of what can happen as wheat and corn crop shortages escalate in severity.
Grantham warned, “Any price increase from here may cause social collapse and a wave of immigration on a scale never before experienced in peacetime. Another doubling in grain prices would be catastrophic.”
Grantham’s predictions have been discussed for years. That’s why some of our Money Map Press experts joined a team of researchers to look into the effects of global population growth on our resources.
Turns out, Grantham is dead on.
“We’ve uncovered a catastrophic pattern in our nation’s food system,” said Chris Martenson, an economic expert and one of the team’s members. “One we believe could soon hasten a world food crisis -a chain of events that could lead to massive food inflation, even riots.”
The pattern Martenson identified affects the entire global economic system. It’s eerily similar, he explains, to the kind of pattern you see in a pyramid scheme, one that escalates exponentially before it collapses – with little notice.
For a look at this pattern that could crush Americans, click here.
Related Articles and News:
- Money Morning:
U.S. Food Prices 2013: How to Profit from the Pain
- Money Morning:
The Hidden Cost of Peak Oil
- GMO LLC:
GMO Quarterly Letter
Tags: american food prices, Dystopia, Jeremy Grantham, U.S. food prices 2013 U.S. food prices, us food, us food prices 2013, us food prices rising, us food prices rising 2013, us food service, us grocery prices
2012-08-07 13:32:36
Source: http://moneymorning.com/2012/08/07/u-s-food-prices-2013-jeremy-grantham-warns-of-coming-dystopia/
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,602,682,610 |
| Stories: | 8,147,584 |
Whistler Blowers, Insiders
If you really want to put Malthusian constraints on Americans, impose Ron Paul’s nonsensical beliefs derived from Austrian economics: The gold standard and no fractional reserve lending. Under Paul’s vision of the Austrian Just Economy, farmers couldn’t borrow the money they need to go about their business because that money comes from fractional reserve banking, so they won’t plant crops, agricultural production will collapse, and we’ll have a good, old-fashioned famine in the U.S. like something out of the bible.
I suspect that Austrian economists know that their policies would do this, because the late Austrian economist Murray Rothbard, Ron Paul’s friend, argues in one of his books that children have no right to eat, and that parents can legally starve their own children to death without interference. Given how the media have done all this research into the backgrounds of other Republican presidential candidates, I find it odd that no one has asked Paul about his relationship with Rothbard, an advocate of child starvation.
What is happening in the world today was written by the Prophets of the Bible. I feel it is etched in stone. I am not worried
Dr. Stephen Greer