Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Costs are surging for farmland for food production.

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Recently there has been a massive surge in both the cost and purchase of farmland; food production is going to be big going forward. China has been stockpiling large amounts of raw materials including aluminum, iron ore, and copper. Being the largest consumer of cotton, they have a six year supply at current levels of consumption. The US Government even recognizes the risks of a possible energy shortage and stockpiles crude oil, the SPR (Strategic Petroleum Reserve) in the event that supply from far off lands is disrupted. Major world powers seem to have the idea that some of these resources might not be so readily available at some point. In addition to the physical world, there is also what has been dubbed “the currency war” as termed by James Rickards that has been heating up for some time now. Even in the US presidential race Romney has not been shy about throwing jabs at China for currency manipulation.

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Written by opinionoregon

November 5, 2012 at 5:25 pm

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