Ali’s blog

Mostly quant stuff with occasional digressions

Engdahl on food prices

Posted by alifinmath on March 31, 2008

In rense.com:

A deadly fungus, known as Ug99, which kills wheat, has likely spread to Pakistan from Africa according to reports. If true, that threatens the vital Asian Bread Basket including the Punjab region. The spread of the deadly virus, stem rust, against which an effective fungicide does not exist, comes as world grain stocks reach the lowest in four decades and government subsidized bio-ethanol production, especially in the USA, Brazil and EU are taking land out of food production at alarming rates. The deadly fungus is being used by Monsanto and the US Government to spread patented GMO seeds.

Ironically, the current bio-ethanol industry is being driven by US government subsidies and a scientifically false argument in the EU and USA that bio-ethanol is less harmful to the environment than petroleum fuels and can reduce CO2 emissions. The arguments have been demonstrated in every respect to be false. The huge expansion of global acreage now planted to produce bio-fuels is creating ecological problems and demanding use of far heavier pesticide spraying while use of bio-fuels in autos releases even deadlier emissions than imagined. The political effect, however, has been a catastrophic shift down in world grain stocks at the same time the EU and USA have enacted policies which drastically cut traditional emergency grain reserves. In short, it is a scenario pre-programmed for catastrophe, one which has been clear to policymakers in the EU and USA for several years. That can only suggest that such a dramatic crisis in global food supply is intentional.

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2 Responses to “Engdahl on food prices”

  1. Chris Prouty said

    The ethanol farce needs to end, but I don’t understand why the U.S. government would intentionally engineer a famine.

  2. alifinmath said

    To the extent that the US government fronts for US agribusiness and pushes for genetically modified organisms. It has a long history in these and similar endeavors (e.g. the “Green Revolution”).

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