Tuesday, April 15, 2008

Rising Food prices , Gold and the Dollar

"On a broader level, countries (whether developed or developing) are now battling for the same type of food commodities. Whereas many nations (like China) used to be net exporters of food commodities (like corn), they have now become net importers. This means, they have to look elsewhere to import food commodities just to meet their internal demand. In short, the same way that history has many examples of battles and wars that have broken out over water, oil, and other natural resources, one can imagine that, if this crisis would continue- there will be battles that erupt over food."

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