Riots
Rising food prices have sparked recent riots in several countries, including Haiti, the Philippines and Egypt.
The World Bank has said a doubling of food prices in three years could push 100m more people into poverty.
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World Bank head Robert Zoellick had on Sunday proposed a “new deal” action plan for a long-term boost to agricultural production.
So, I was chided for intimating that the Bear and Stearns bailout, and the opening of the federal reserve to irresponsible lenders, is more Mao than it is market maintenance. Now we have Zoellick (Bush’s former deputy secretary of state) giving ‘new deal’ speeches? Maybe hotel will take back his snarky effing comment now.
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First, we all know the 'new deal' was unconstitutional, but it happened anyway.
Second, what was it? We made fake money out of real money, back then. Now... what are we going to do make fake-fake-fake money?