RSS Feed
April 1st, 2012 
FAKE NEWS for the Zionist agenda 
Grace Livingstone
The Independent
April 1, 2012
Speculation by large investment banks is driving up food prices for the world’s poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations’ leading expert on food.
Hedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers. Purely financial players, for example, account for 61 per cent of investment on the wheat futures market, according to the World Development Movement report Broken Markets.
Speculative investment in agricultural commodities in 2011 was 20 times the amount spent by all countries on agricultural aid. Goldman Sachs, the largest player in the agricultural commodities market, earned £600m from food speculation in 2009, and Barclays Capital, the world’s third-largest player and largest British bank in this market, earned up to £340m in 2010, according to the report. Goldman Sachs and Barclays Capital declined to comment.
Before it was deregulated in the year 2000, the agricultural commodities futures market was used mainly by farmers and food buyers seeking to insure themselves against changes in the prices of products such as wheat, maize and sugar. When George W Bush passed the Commodities Futures Modernization Act 12 years ago, there was an influx, led by Goldman Sachs, of purely financial players who had no interest in ever buying food, but who sought solely to profit from changes in food prices, says Olivier De Schutter, the UN special rapporteur on the right to food.
Share this article:
5 Responses to “The real hunger games: How banks gamble on food prices – and the poor lose out”
Leave a Reply
You must be logged in to post a comment.
Posted in 
Tags: 
What a crock! They make it sound like it’s the hedge funds that are driving up food prices but really, its all the money creation over the past years! INFLATION! That is the real reason. All diversion.
That’s not “all” it is. Oil prices/wars/lies, and the global war against small farms also contribute.
“Now as He (Jesus) sat on the Mount of Olives,
the disciples came to Him privately, saying,
‘Tell us, when will these things be?’
And ‘What will be the sign of Your coming,
and of the end of the Age?’”
(Matt 24:3)
“Jesus answered and said to them,
‘. . . And there will be FAMINES,’
(Matt 24:7)
and,you can go fukk yourself.
Goldman Sachs needs to be wiped off the Planet!