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CI Times Weekly | Current Issue 428| 23 December2011

Widespread famine coming, whole nations will face death by starvation
“…they were given power over a fourth of the Earth to kill by ….famine….” Rev. Ch 6, v5.

The world is on the verge of the unthinkable-a world- wide famine unlike anything experienced before.
All the more important reason for our small nation to start boosting agricultural production and the production of other foodstuffs.
Try as we might to blot the unthinkable from our minds, the ominous signs of a great famine already exist and it would be foolhardy to ignore them.
12 signs that the world is running out of food....
#1 More than 3 billion people, about half the world’s population, live on less than 2 dollars a day.
#2 Over the past year, the global price of food has risen by 37 percent.
#3 Just about every major agricultural commodity has been skyrocketing in price. Check out what a recent Bloomberg article had to say about what has been happening to many key agricultural commodities over the past year....
Corn futures advanced 77 percent in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64 percent. There will be shortages in corn, wheat, soybeans, coffee and cocoa this year or next, according to Utrecht, Netherlands-based Rabobank Groep. Prices also rose after droughts and floods from Australia to Canada ruined crops last year. European farmers are now contending with their driest growing season in more than three decades.
#4 According to the World Bank, 44 million more people around the globe have been pushed into extreme poverty since June 2010 because of rising food prices.
#5 According to the UN Food and Agriculture Organization, the global price of food has gone up by 240% since 2004.
#6 To a large extent, this global food crisis has been brought on by the greed of the wealthy. A study by the World Institute for Development Economics Research discovered that the bottom half of the world population owns approximately 1 percent of all global wealth.
#7 The average income per person in the poorest countries on the continent of Africa has fallen by one-fourth over the past twenty years.
#8 It is estimated that over 80 percent of the world’s population lives in countries where the income gap between the rich and the poor is widening.
#9 Approximately 1 billion people throughout the world go to bed hungry every single night.
#10 Every 3.6 seconds someone starves to death and three-quarters of them are children under the age of 5.
#11 It is estimated that the entire continent of Africa only owns approximately 1 percent of the total wealth of the world.
#12 According to the most recent “Global Wealth Report” by Credit Suisse, the wealthiest 0.5% of the global population controls over 35% of all the wealth on the planet.
Those of us that live in wealthy countries have it really good.
We get to shovel huge amounts of food into our faces whenever we want.
But eventually things are going to change for us as well.
Global food supplies are getting really tight. If something does not change we are going to have some real problems.
Renowned investor Jim Rogers recently put it this way....
“We’ve got to do something or we’re going to have no food at any price at times in the next few years.”
We all saw what happened during the aftermath of Hurricane Katrina and during the aftermath of the tsunami in Japan. When a major crisis occurs, food can disappear from store shelves overnight.
The frightening thing is that global stockpiles of food continue to go down. Just check out this report from a recent Financial Post article....
Global stockpiles of corn, the most-consumed grain, are forecast to drop to 47 days of use, the fewest since 1974, data from the U.S. Department of Agriculture show. Inventories are declining as demand continues to outstrip production that’s forecast to rise to a fifth consecutive year of record.
Most people simply do not understand how close we potentially are to a major global food crisis.

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