In the financial boom several countries lowered the reserve requirements for banks. Solid strategic reserves were not important anymore, because the world was different, we had internet, Facebook and Twitter. Then surprisingly still we got the bust, many banks went bankrupt, but it was only money, and the big ones got bailed out.
“The total world production of wheat looks like it will be quite good this year. But may be politicians should start to think more than a few years ahead.”
During the last 30 years many western countries have also strongly reduced, if not completely removed their strategic grain reserves. Several countries have converted strategic grain silos into fancy apartment complexes. What do we need strategic grain silos for when we can live in a grain silo and order sushi over the internet….
Most food still comes from the earth and the sun. No I do not predict a near term hunger catastrophe in the western world. And even if we got one (if it did not last for too many years) it could probably even be healthy for many people (but bad for others). And think how nice, when people again really would appreciate if they got invited for dinner. Not long ago
I was just by coincident reading an old book about cooking in wartime. Well I do not remember the exact title now.
My copy is an ocean away. But it was quite funny to read how less food and higher prices on food in some parts of the world during the second world war (where there not was big lack of food) according to the author actually made many people healthier.
But I hope people not need a war to find this out, the cause of such a diet typically has many horrible side effects.
The total world production of wheat looks like it will be quite good this year. But may be politicians should start to think more than a few years ahead, but when did this ever happen.
Select Your Language:
- Pakistan likely to scrap wheat exports on floods (reuters.com)
- Drought in Russia Ripples Beyond the Wheat Fields (nytimes.com)
- No export limit for Ukraine grain (bbc.co.uk)
- Russia bans wheat and grain exports (bbc.co.uk)
- Wheat genome boost to food supply (bbc.co.uk)
- Stuffed US grain elevators brace for huge harvest (reuters.com)
- NYT: Russia bans grain exports amid drought (msnbc.msn.com)