Global food crisis looms as grain prices soar

What looks to be the worst U.S. drought in a quarter of a century has given rise to an old-fashioned commodity rally on world markets, with key grain prices hitting highs which caused food crises in vulnerable parts of the globe last time around.

Seeking to protect their populations from hunger this time, many countries relying heavily on imports have held off for now, touting healthy stock levels and hoping other sources will come through and bring prices down.

But their hopes may be dashed if they all return to market at once.

With so much of the world putting faith in a record U.S. corn crop, it is little wonder that prices have surged around 40 percent in the past three weeks as relentless dry weather melted yield expectations for cereals. Soybeans are at record highs, while wheat is not far behind.

“Production potential looked great and it kind of lulled these end-users into a false sense of security. At that point we were seriously looking at (corn) prices under $5 if weather conditions remained ideal, but now we’ve rallied sharply higher and never looked back,” Jefferies Bache analyst Shawn McCambridge said.

Read more from this story HERE.

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“Wars and Rumors of Wars”: 20% increase in armed conflicts, 33% increase in wars worldwide

Last year, the number of armed conflicts in the world increased markedly, with the strongest increase taking place in Sub-Saharan Africa. This is the conclusion in a new report by researchers at the Uppsala Conflict Data Program (UCDP), published in the Journal of Peace Research. UN Secretary-General Ban Ki-Moon has presented the statistics to the UN General Assembly in his report on international mediation.

The conflict data stems from the internationally recognized conflict data program at the University of Uppsala (UCDP). For almost 10 years, UCDP has published an annual conflict update in collaboration with the Peace Research Institute Oslo (PRIO) and PRIOs Journal of Peace Research.

Following a year (2010) that signaled hope for a more peaceful development, the number of conflicts increased by nearly 20 percent, from 31 to 37. Last year’s jump in conflicts deviates from the long-term trend line, which shows that the world is gradually becoming more peaceful.

“It should be pointed out, however, that even though we have now witnessed the largest increase between any two years since 1990, the number of conflicts is still far below the peak levels of the early 1990s,” says Professor Peter Wallensteen, head of the UCDP. At the peak 53 armed conflicts were active.

2011 also saw an increase in the most severe conflicts. Six conflicts were categorized as wars, passing the level of at least 1,000 battle-related deaths. This is up from four in 2010. While the wars in Afghanistan, Libya, Pakistan, and Somalia have received much media attention, the intense conflicts in Sudan and Yemen have been less covered.

Read more from this story HERE.

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Time for the U.S. to Abandon the United Nations

For years, pundits, politicians and columnists – including me – have fiercely criticized the United Nations. This institution has become a political cesspool controlled by totalitarian states and rogue nations that despise democracy, liberty and freedom. It’s only getting worse with time.

Look what’s happened during the past two weeks:  Syria is likely to get a seat on the U.N. Human Rights Council. U.N. Watch reported Iran will get a “top post” on the U.N. Arms Trade Treaty conference, which it described as being “like choosing Bernie Madoff to police fraud in the stock market.” Meanwhile, U.N. and Arab League envoy Kofi Annan claimed to have had a “very candid and constructive” meeting with Syrian dictator Bashar Assad.

These are all ridiculous stories, but honestly, should we be surprised? I’m not. The U.N. has a long, sordid history of electing tyrannies and dictatorships to its various agencies, boards and councils. For an organization that vigorously claims to support world peace, it also vigorously – and controversially – supports countries that don’t have the slightest grasp of this concept.

For example, Libya chaired the U.N. Human Rights Commission in 2003 – and was a U.N. Security Council member in 2008 and 2009. Syria has twice headed the U.N. Security Council, in June 2002 and August 2003. Iran and Iraq were scheduled to co-chair a U.N. nuclear disarmament conference before Saddam Hussein was toppled from power in 2003. Additionally, North Korea – a major nuclear threat – headed the U.N. Conference on Disarmament just last year.

Not to be overlooked is the U.N.’s repeated condemnation of Israel’s policies for more than five decades while ignoring the terrible slaughter of Rwandans and Bosnian Muslims in two bloody civil wars, publicly supporting an antiterrorism conference held in Tehran, and refusing to expel members that openly support and finance terrorist groups. The list goes on and on.

Read more from this story HERE.

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You want to save the US economy? Deliver American Energy to Americans

There is widespread consensus that America needs to become energy independent. America’s ever growing dependence on foreign energy puts her at ever-greater risk in a world that is increasingly unstable. Given the current political upheavals in the Middle East, this reality is slapping America in the face with increasing costs at the pump which, in turn, drive up costs of goods and services to consumers.

Making matters worse, Progressives are obsessed with forcing Americans into accepting their green energy fantasy. Three plus years of actions taken by the current administration and fellow Progressives show a willingness to achieve this end at any cost. Increasing limitations on auto emissions and mileage, crushing EPA regulations on energy providers, opposing development of domestic energy resources, enormous deficit spending on inefficient and noncompetitive solar, wind, tide and bio-fuel technologies all litter the landscape of the White House’s failed energy policy.

While such Progressive measures may theoretically promote development of green energies, they dictate a highly impatient, frantic pace that is further crippling an already fragile American economy. They force the issue at the worst possible time, in the middle of a recovery resistant recession that is quite possibly teetering on the brink of a full-blown depression.

America’s economic infrastructure is based on the use of petroleum, natural gas and coal, as well as limited nuclear power. Nearly every vehicle that is driven on American roads burns gasoline or diesel fuel. Public transportation relies on fossil fuels as well. Natural gas, heating oil and coal are used in furnaces to heat homes and places of business. Coal and nuclear power generate electricity, which powers countless devices; the uses of which are taken for granted every day. Coal, natural gas and petroleum products power American’s industrial complex, the base of the economic engine.

In short, America’s economy depends heavily on existing energy. The methods of providing and consuming energy are deeply ingrained into American business, industry, home life and recreation.

Expecting to change the methods of powering a society of over 300 million people overnight is impractical. Even if it were justified, transforming a hydrocarbon-based economy to something else would take an enormous amount of money and time, far more than most of the public realizes.

Granted, some movement to “renewable” energy sources is currently taking place, but what energy is powering the manufacturing, delivery, and installation of windmills, solar panels, turbines, generators and power grid modifications needed to provide “green” energy to the public? Is it the “green” energy that is still under development? Of course not. No, the energy used to move away from oil, gas, and coal will be those traditional fuels themselves.

Why does America continue to spend hundreds of billions of dollars on foreign energy while there is undeveloped energy in its own country? Why doesn’t America keep those billions of dollars at home, in its own cash starved economy?

At a time when millions of Americans are looking for work and its economy is starving for liquid capital, why doesn’t America take advantage of its own expansive wealth of natural resources? Why aren’t Americans drilling for oil and natural gas or digging for coal? Why aren’t people working building refineries and power plants? Why aren’t people delivering gas, coal and natural gas to consumers? How many peripheral jobs would be created in the process? For every new oil well, power plant, refinery, and mine there will be new roads, followed by restaurants, stores, housing, and other infrastructure. All generated by the only force capable of powering America’s economic recovery: the private sector.

In the interest of national security and job creation, America should put Americans back to work delivering American energy to Americans. This is the best way to become energy independent. Forcing “green energy” on America overnight will only lead to more economic destruction.

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Michael Fell is a former MCA recording artist from the seminal punk rock era who toured America from coast to coast. Today, he’s a leading voice in the L.A. Tea Party movement, active since the February 2009 inception. Mr. Fell currently chairs the Westwood Tea Party, is a founding member of the L.A. Metro Tea Party Coalition, serves as the Vice Chairman of the Westside Republicans Club in L.A. CA, and is an elected Republican delegate to the L.A. 47th AD Central Committee. He’s been Campaign Manager for a primary winning Congressional candidate, as well as Santa Monica and L.A. City Council candidates. Mr. Fell is a contributing writer for https://conservativedailynews.com/, https://rightwingnews.com/, https://www.hollywoodrepublican.net/, https://beforeitsnews.com, https://www.redcounty.com/, https://www.uspatriotpac.com and, https://westsiderepublicans.com/. His opinions on today’s news events and political climate can be found on his blog: https://mjfellright.wordpress.com/

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Another Obama first: Americans now toil over half the year to pay for unconstitutional government

This year, Americans have to work until July 15 to pay for the burden of government, more than six months.

In a new report, Americans for Tax Reform (ATR) has calculated that Americans will spend a total of 197 days toiling to pay for the cost of government.

“Cost of Government Day is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels,” reads the report.

The report, Cost of Government Day, shows that Americans will work 88 days to pay for federal spending; 40 days for state and local spending; and 69 days for total regulatory costs.

“From a different perspective, the cost of government makes up 54.0 percent of annual gross domestic product (GDP),” reads the report. “What’s more, the largest tax hike in the nation’s history is scheduled to take place at the end of 2012 unless Congress acts to protect taxpayers. If this tax increase is allowed to hit, COGD [Cost of Government Day] could permanently be pushed back into August and beyond.”

Read more from this story HERE.

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Video: Obama official testifies that the Green Energy loan subsidies have been “an enormous success”

An “enormous success”? What planet are these folks living on? Listen to this short video clip of an Obama official (David G. Frantz, Acting Executive Director of the Loan Program Office for the U.S. Department of Energy) testifying before a House subcommittee yesterday.

 

 

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Gold medal winner: Olympics polluted by public sex, debauchery

Hope Solo, the gold-medal winning women’s soccer player, has blown the lid on the rumored raging parties and sexual exploits of the world’s most respected athletes during the Olympics.

Ms Solo detailed her and her competitors adventures off the field and in the Olympic Village, saying the entire women’s soccer team was completely wasted when they appeared on the Today show in 2008 after winning the gold medal.

‘I’ve seen people having sex right out in the open. On the grass, between buildings, people are getting down and dirty,’ she explains in the latest issue of ESPN magazine.

After taking home the 2008 gold medal in Beijing for women’s soccer, Ms Solo and her teammates made a brief appearance on the Today show.

The women smiled and spoke succinctly, but Ms Solo revealed that their demeanor was more linked to the fact that there were drunk from the night before.

Read more from this story HERE.

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Video: Dennis Miller-Obama most divisive POTUS ever, disrupting nation like never before with class warfare

Comedian Dennis Miller asks why Obama always says ‘rich’ like it’s a four-letter word and suggests that Obama is the most divisive president he’s ever seen.  He also comments on Lance Armstrong’s alleged drug use and a six year old rapper filmed with scantily clad women.

 

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Americans’ confidence in US media hits all-time low; perceive it as biased, dishonest

America’s confidence in TV news has hit a new low, but should anyone be surprised? According to Gallup’s analysis of their annual Confidence in Institutions survey, only 21 percent of Americans have “a great deal” or “quite a lot” of confidence in TV news. Newspapers don’t fare much better with only 25 percent of respondents expressing confidence. Gallup’s survey, which was conducted from June 7-10, was released last month and was predictably ignored by pretty much everyone except Newsbusters’ own Tim Graham who reported on its findings here. Confidence in TV news has seen a seven point drop since last year alone (down from a still-embarrassing 28 percent in 2011). And this survey was conducted before two major cable news networks botched their initial reports on the outcome of the Supreme Court’s ObamaCare decision on June 28.

So what could possibly account for this drop? The answer is simple: the networks refuse to Tell the Truth, and the American people are sick and tired of it. Even liberals (19 percent) and moderates (20 percent) have lost faith in TV news, although, not surprisingly, self-identified Democrats have the highest confidence at 34 percent compared to 17 percent for Republicans and 17 percent for Independents. This shouldn’t come as any shock given the media’s torrid love affair with Democrat superhero Barack Obama.

Whether it’s CBS claiming current tax rates will somehow “cost taxpayers,” or CNN scolding a Republican for being a “sore loser” for not embracing ObamaCare, or The New York Times once again blaming Bush on Obama’s behalf, the media have continued to show a complete contempt for the truth. And those are just a few examples from the past couple of weeks.

Read more from this story HERE.

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Boehner refuses to go along with Romney’s plan to confront Chinese currency manipulation

The top Republican in the U.S. Congress highlighted a policy rift Thursday with his party’s presidential hopeful when he reiterated his opposition to using legislation to press China to revalue its currency.

Staking out a position in contrast to the hawkish views of Mitt Romney, House of Representatives Speaker John Boehner, who has opposed repeated efforts in recent years to pass laws that would put tariffs on Chinese goods unless it allowed the yuan to appreciate, told reporters he still felt the same way.

“There’s a way to deal with this problem and a way not to deal with it. Congress passing a law outlining stringent requirements for dealing with the Chinese and the value of the currency, I think is inappropriate,” Boehner said.

Earlier this week, Lanhee Chen, the Romney campaign policy director, issued a blistering statement in which she said President Barack Obama, a Democrat, had “lost all credibility on China and trade” for among many things, failing to label China a currency manipulator despite his 2008 campaign pledge to do so.

“What message does it send the Chinese when President Obama refuses to even formally acknowledge that they are in fact manipulating their currency?” Chen wrote.

Read more from this story HERE.

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