Tuesday, February 22, 2011

Exciting Times To Be Alive

The World Bank president said global food prices are only 3% below the all time set in 2008. And in those countries where 50% or more on their income is spent on food, civil unrest is gaining momentum regardless of country boundaries. The question is will the next boundary to be removed be in Saudi Arabia?

By 2050, based on the world's current population growth, there will be 9 billion people to feed. We will need as much food for the next 40 years as has been produced in the last 8,000 years. It looks like we are close to the breaking point as reflected by the Mideast and African countries uprisings.

Finally, here is another way to compare our country's $14 trillion debt to get a better handle on it. To pay that off in gold, it would take DOUBLE the entire amount of gold ever found in the world.


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