Rincker.nl : IT, Clean Technology and Innovation
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|Climate Change is Bullish For Gold (537:2011-02-08)|
|The UN reports China experiences a 200 year drought and risk having to become a food buyer in a market already overpopulated by speculators and savers. This will mean an additional shock added to the ones caused by the dollar policy and dwindling oil availability.
If it wants to prepare for it's purchase of large quantities of wheat from whomever is able to sell it is wise to procure the best currency amongst buyers now, which is gold.
The US can disable the purchasing power of dollars by printing more, without affecting it's own ability to deliver them, and as such it seems the US already executing a strategy to disabuse dollar dependend nations of their buying power.
The salling mode we see in Egypt especially are diseastrous because things really need to be done differently to guarantee some autonomy for these countries. The IMF may be hoping for the day food prices drop because "one of the bigger buyers can no longer afford to pay the bills", but regular people will see that is an example of criminal ignorance.
The big obstacle is a top group that wants things to keep working the way the aren't and a population that no longer understands changes are only made by making them, not by waiting for them.