News with Views
While all eyes are on Wall Street, watching for even the faintest signal that the economy will recover as promised by Barack Obama, no one is paying attention to what is happening on the Chicago Board of Trade (CBOT). Here’s a clue. It doesn’t matter what happens on Wall Street. The big players and the big money have abandoned stocks in favor of commodities.
Commodities aren’t something the average American understands, let alone associates with wealth. But it is commodities, the tack and trade of big agribusiness and big Government, that are the backbone of the economy. And what is happening there is beyond alarming. There’s a food shortage coming to America.
The price of beef, pork, and chicken is plummetting. The price of non-organic milk, otherwise known as liquid chemical sludge, is plummeting as well. That’s good for consumers, right? Wrong. The price is falling because family farmers and those with any sense at all are dumping their livestock as fast as they can. Why? Because the same speculators that caused the current economic catastrophe have fled Wall Street for the CBOT, investing heavily in grain, oil, copper, and other natural resources that are traded in Chicago. As a result, the price of grain is skyrocketing. Smart producers know they won’t be able to feed their animals if this keeps up, so they’re liquidating now. This is a great time to stock up on meat. And if you don’t do it now, within a year, you won’t be able to.
Read the full post at News with Views