Read the story here. Advertise at Before It's News here.
Profile image
By Alton Parrish (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Is QE3 Accelerating the World Hunger Crisis?

% of readers think this story is Fact. Add your two cents.

Posted by  - on the Wealth Wire

Food price spikes have hurt families in the United States and across the globe in recent years especially. The ravages of natural disasters and war have taken a toll on the agriculture industry, but something else, clearly man-made, has come to play a detrimental role in world hunger: The Federal Reserve

Americans have long been skeptical of this non-government agency that controls so much of our lives – almost entirely for the worse. Now, Hazel Henderson with Ethical Markets has come forward to explain how commodity speculation has contributed greatly to the world hunger crisis. Quantitative easing has dramatically increased world hunger, according to Henderson.

Whether you’re looking at the effects of QE1, QE2, or QE3, there’s a common denominator – not a a single session of quantitative easing was successfully able to stimulate anything other than inflation. Our economy is barely hanging on by its made-in-China bootstraps while families struggle to put food on the table for their families.

Federal Reserve Headquarters

Credit Wikipedia

From RP Siegle at Triple Pundit:

Since this move [quantitative easing] severely undermines the value of the underlying fiat currency, investors rush out to buy more secure “hard” assets such as gold, silver, oil, land and food. With speculators bidding up the price of food, as they might a stock or mutual fund, those on the brink of poverty cannot compete in this global auction. As a result, they go hungry.

According to Henderson, “Blindness to the role of finance and speculation in rising prices of food and commodities attests to the power of free market ideologies among global financial interests.”

The blindness, of course comes about as the result of externalizing the social and environmental costs that, in the absence of accountability, do not affect the bottom line.

There are a lot of things most Americans simply don’t know or don’t quite understand about the Federal Reserve and the consequences quantitative easing. Surely, the institution has done far more harm than good in recent years and they need to brainstorm some economic alternatives without the nasty QE side-effects.

The Global Reporting Initiative (GRI), Beyond GDP, and a study from the New England Complexity Institute (NECSI) have all studied the unfortunate correlation between Fed policies, government policies, market speculation, food riots and food spikes. Their data suggests that there will be more food riots amidst more food price spikes in 2013… unless some restrictions and speculations embedded in the Dodd-Frank bill, which is now law, are actualized.

Posted courtesy of the Wealth Wire 

10 Commodity Stocks Yielding up to 10%
There are a number of dominant commodity producers currently sporting impressive dividend yields…here’s the top 10.

What Bernanke, Marc Faber’s Bathroom and Gold All Have in Common
I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!

Central Bank of Korea: “Gold is a Physical Safe Asset”
Another Central Bank declares gold as a safe asset…

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

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 M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at 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).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.