Is There A Food Shortage In Our Future?
The short answer is yes.
There was a story recently in the NY Sun about the appearance of some food shortages of regions in the US. This is likely a harbinger of what's to come. There are several contributing factors to why this possible.
Traditionally, there has been enough food for everyone on the planet. That is changing. The world is bumping up against maximum capacity in many commodities. Oil is a primary one. The world is not running out of oil anytime soon. However, the world has tapped most of the easy oil fields. There is plenty more oil available, but it is getting more and more expensive to extract. There is only so much available that is easy to get to. The same applies to mines. There is only so much ore that easy to mine. There is more ore available, but it isn't economically feasible at today's prices to mine.
The net result is that there is a finite supply at any given price. The higher the price, the more supply can become available.
Food is included in this variable. Despite the land available around the world there is only so much food available. Previously the US had a very strong currency; however, this is changing today. The value of the US dollar has been spiraling downward over the last few years. Other countries are now able to out bid the United States for the commodities we need. China is leading the world in outbidding for precious commodities.
This trend will continue. As the US continues to print more and more money, and water down the value of its currency in the process, the US will find itself with less and less ability to be top bidder in the battle to buy enough resources.
The scenario given above regarding regional food shortage is just the beginning of a number of very shocking changes for America. As a country we have overspent and mismanaged our budget for decades and now it is time to face reality.
It will be a painful process. Protect yourself.
About: Besides her own website, Cheap Auto Insurance, J. Stromsteen contributes to the website Bush's Depression as well as first time home buyer to provide current info on the developing financial crisis.
Article Source: WalterVictor.com - Articles
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