3 Responses to 1931 China Flood Killed Three Million People, Followed By A Typhoon, Starvation And Malaria

1. Gail Combs says:

   April 11, 2014 at 3:03 pm

   And the USA under Clinton got rid of our grain storage silos….

   Recently there have been increased calls for the development of a U.S. or international grain reserve to provide priority access to food supplies for Humanitarian needs. The National Grain and Feed Association (NGFA) and the North American Export Grain Association (NAEGA) strongly advise against this concept..Stock reserves have a documented depressing effect on prices… and resulted in less aggressive market bidding for the grains..– July 22, 2008 letter to President Bush (wwwDOT)naega.org/images/pdf/grain_reserves_for_food_aid.pdf

   The Council on Foreign Relations reports the Bankers esp. Goldman Sachs made out like bandits from the new 1996 policy of no grain reserves – How Goldman Sachs Created the Food Crisis

   The World Bank mean while reports: “Globally, food prices are near their historic peaks, and food price volatility is widely seen as the “new normal.” Managing this volatility and feeding a rapidly growing population will require sustained commitment, co-ordination, and vigilance from the international community to help governments put policies in place to help people better cope…”

   I am sure they are crying REAL crocodile tears all the way to the bank.

   In summary, we have record low grain inventories globally as we move into a new crop year. We have demand growing strongly. Which means that going forward even small crop failures are going to drive grain prices to record levels. As an investor, we continue to find these long term trends…very attractive. — Food shortfalls predicted: 2008 (wwwDOT)financialsense.com/fsu/editorials/dancy/2008/0104.html

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   • tom0mason says:

     April 11, 2014 at 6:21 pm

     Gail, thanks for the heads-up.

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     • Gail Combs says:

       April 11, 2014 at 7:18 pm

       That was in 2008 but all it takes is a really bad season for more than one country to put us all in a world of hurt.

       Unfortunately, depending on the state “Hoarding” is illegal… Go figure.

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