How to Cultivate a Food Crisis
Dust Bowl Farm Robert James Bidinotto Big Government Buried beneath the avalanche of press coverage about the lame-duck Congress, I found a story about President…
Finance
Ex-Shell president sees $5 gas in 2012
Laurie Segall CNN NEW YORK (CNNMoney.com) — The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of…
Illinois Default Insurance Cost Rises as Weak States Punished: Muni Credit
Darrell Preston Bloomberg The cost of insuring Illinois’s bonds against default rose to the highest level in five months as the state headed for the…
Gulf CEO: Oil May Near $150 a Barrel by Summer
Money News Crude oil’s price could soar to nearly $150 a barrel by summer, Joe Petrowski, chief executive of Gulf Oil and the Cumberland Gulf…
Trader Holds $3 Billion of Copper in London
Tatyana Shumsky and Carolyn Cui Wall Street Journal As commodity prices soar to new records, the ability of a few traders to hold huge swaths…
Oil Hits 2-Year High After Supplies Drop More Than Forecast
Mark Shenk Bloomberg Crude oil rose to the highest level in more than two years after government reports showed that U.S. supplies dropped and the…
Food Prices Will Rise For Years
Joseph Dancy Financial Sense Illustrating how tight the global grain markets are becoming, and the concern of governments over higher grain prices, yesterday Russian Prime…
Overstock accuses Banksters Goldman, Merrill of racketeering
Goldman Sachs Mafia Reuters Overstock says RICO charges apply in case Original lawsuit from 2007 alleges naked short selling (Adds Goldman, Bank of America comment)…
Extreme weather sparks global commodities rally
Jim Regan Reuters Around the globe, the weather has turned extreme, driving up prices for commodities running the gamut from sugar and wheat to heating…
Oil Crisis Still Lies Ahead: $200 Oil and $6 a Gallon Gas by Late 2012
Larry Edelson Daily Trader Alert First things first. The bounce you’re seeing in gold and silver are not — I repeat, not — the beginning…
Food prices rise sharply – and there’s more to come
Stacy Finz SF Chronicle For the first time since 2008, inflation is hitting consumers in the stomach. Grocery prices grew by more than 1 1/2…
Wary Customers Cautious Of Increased Credit Card Offers
Amy Lee Huffington Post Though banks are again offering credit cards to risky borrowers, not everyone is biting. “I will never, ever have another credit…
Dude, Where’s My Mortgage? How an Obscure Outfit Called MERS Is Subverting Our Entire System of Property Rights
Banks have scrambled America’s system of private property ownership to the point that no one knows who owns what. Yasha Levine Alternet For the first…
In Praise of Junk Silver
Ol’ Remus Woodpile Report It’s doomsday plus a few weeks. Say you need to bribe the border guards at the state line but they seem…