Drought

What You Can Do About the Drought and Rising Food Prices

What You Can Do About the Drought and Rising Food Prices by MN Gordon Economic Prism

Can you believe it? Yesterday European Central Bank President Mario Draghi failed to clarify what he meant last week when he promised business leaders in London to do “whatever it takes to preserve the euro.”

Traders were looking for concrete steps to saving the euro. Instead they got muddy stumbles to nowhere. The DOW dropped 92 points in disappointment…for its fourth consecutive day of losses.

Still, we won’t dwell on it anymore today. For, if you hadn’t noticed, there’s an epic drought going (Read More....)

Historic Global Droughts Set The Stage For World Famine As Millions Are Already Starving

Devastating droughts of historic magnitude all over the globe are setting the stage for an unthinkable worldwide famine, and even as you read this millions of people in the third world are literally starving to death and desperate for even one meal. Whether it is in India, Africa, Australia, Texas or California, the lack of rain in key areas around the world is causing havoc on global agriculture, and the prospect of an unprecedented food emergency is now way too real to ignore. The reality is that the world food supply was barely keeping up with global demand in the good years, and now that the weather is crippling harvests all over the world it has become clear that there is simply not going to be enough food for everyone in 2010.