There has been a sharp increase in the price of corn.
Here is one source of demand
"The scientific problem with corn ethanol is that it contains one-third less energy than gasoline. So a motorist has to purchase one-third more fuel to go the same distance. If you total up all of the fossil fuel that goes into making and transporting ethanol -- nitrogen-based fertilizer and herbicides, fuel to run farm machinery and delivery trucks, natural gas for the distilling process at ethanol plants -- it takes more energy to produce ethanol than the fuel provides."
What is the point of ethanol? Doesn't make sense?
Follow the money to Big Agriculture, a few powerful corporations with armies of lobbyists.
Here is another source of new demand.
Corn is widely used as feed for livestock. It adds to the costs.
The effect is being felt in other grains and basic feed products
The cost of oil feeds heavily into the production of many crops and products.
But the government says there is no increase in the price of food. It might be the 'substitution factor' they use.
You know, when beef is expensive you switch to pork, when pork is expensive you switch to chicken...
Bon Appétit
Truth be told, higher commodity prices are just a symptom of the relentless
debasement of the US dollar by the Federal Reserve over the last fifty years.
Now we are debasing it further to bail out Wall Street banks who gambled and lost.
Free markets? Don't make us laugh.
Again and again, we take from the weak and defenseless, from our future,
to feed the insatiable greed of ruthless and selfish men.
The privileged few and vested interests thank you for your support.
Future generations may not.
Think.
