How Goldman Sachs Created the Food Crisis

Don't blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street's at fault for the spiraling cost of food.

It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there's value, there's money to be made. Full Story »

Posted by Jack Powers

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Michael Shaver
4.0
by Michael Shaver - Apr. 30, 2011

Frederick Kaufman delivers a well-constructed essay on the history of the commodities markets and how these markets have changed and been manipulated by the barons of Wall Street into weapons of mass disruption. Mr. Kaufman focuses mainly on the agricultural commodities market by focusing on grain futures and their economic effects both domestic and worldwide. He presents his case very clearly and in an easy-to-read and understand format that is useful, informative and enlightening while underscoring the importance of this issue. This is an excellent piece that should be read by anyone who wishes to gain a greater understanding of the economic issues we are facing today.

Then, in 1999, the Commodities Futures Trading Commission deregulated futures markets. All of a sudden, bankers could take as large a position in grains as they liked, an opportunity that had, since the Great Depression, only been available to those who actually had something to do with the production of our food.

If you can process this information and understand it and then you can probably skip reading the article.

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