Wednesday, July 07, 2010

Gambling On Hunger: Evil, Or Very Evil?

Another video today, this one really interesting:
Remember when gas was over $4 a gallon in 2008? Remember the global food crisis that resulted in dozens of food riots around the world and plunged over 100 million people around the world into hunger?
Watch this video and explore the rest of the site to learn more about how speculators brought about 2008’s food and oil bubbles. Most importantly, write to your members of Congress telling them to take action to avoid future bubbles. They need to know that this is important to you. Right now, they are only hearing from Wall Street.
Clearly, this seven minute video is a simplification of a complex issue, but it sums up the history behind and key problems brought on by the deregulation of commodity futures markets.

Or if you prefer to read text, try "Goldman Sachs Gambled On Starvation".

And of course this ties into the Giant Pool of Money program a while back. Ya know, we humans have got to figure out what to do with that Giant Pool (or Blob) before it hurts more people!

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