Inflation takes place when too much money is chasing too few goods.
So is the government in China printing out far more paper money than
is justified by its productivity?
Views?
you should go to school and improve your englisheee !
Didn't you say you have undergrad and graduate degrees in economics?
Since you are also living in China, I'd think you should have first
hand knowledge of what is going on inside China. Why don't you spend
some time in the market places, vegetable stands, and do a little bit
of observation of what, why and how on conditions inside China for us
and post them on SCC.
Forget oil, the new global crisis is food
http://www.financialpost.com/story.html?id=213343
BMO strategist Donald Coxe warns credit crunch and soaring oil prices
will pale in comparison to looming catastrophe
A new crisis is emerging, a global food catastrophe that will reach
further and be more crippling than anything the world has ever seen.
The credit crunch and the reverberations of soaring oil prices around
the world will pale in comparison to what is about to transpire,
Donald Coxe, global portfolio strategist at BMO Financial Group said
at the Empire Club's 14th annual investment outlook in Toronto on
Thursday.
"It's not a matter of if, but when," he warned investors. "It's going
to hit this year hard."
Mr. Coxe said the sharp rise in raw food prices in the past year will
intensify in the next few years amid increased demand for meat and
dairy products from the growing middle classes of countries such as
China and India as well as heavy demand from the biofuels industry.
"The greatest challenge to the world is not US$100 oil; it's getting
enough food so that the new middle class can eat the way our middle
class does, and that means we've got to expand food output
dramatically," he said.
...
Here're couple observations:
In China - most recent trip was not able to find the yummy 1 yuan
little sausages in Shenzhen. Good news is people are eating inside
more often, and there are successful chain-restaurants offering
Chinese street fares like noodle and dumpling.
In US - was shocked to find out McDonalds have doubled Value Meal from
$3.25 to $6.50. Good news is Red Roin's $9 Burger sounds a lot better.
>
>
>
> > I would guess either food prices were
> > compressed for a long time due to whatever reasons
> > and are now springing up, or the future supply is going to increase in
> > response to the current higher prices and in doing so make them go
> > down again.
>
> > Inflation takes place when too much money is chasing too few goods.
> > So is the government in China printing out far more paper money than
> > is justified by its productivity?
>
> > Views?- Hide quoted text -
>
> - Show quoted text -
Perhaps this is a blessing in disguise.
More people are going to eat more veg than meat and will become
healthier. Less pressure will thus be placed on the medical system.
I would from now on not respond to your replies if the Ira Ira Ira
Humperdink disease has affected you.
I think the whole world is going through a frightening inflationary
era caused by the indiscriminating printing of fiat money by the US
empire.
By linking up RMB with fiat US money, China is importing a lot of
inflation which should have belonged to the US.
> Forget oil, the new global crisis is food
>
> http://www.financialpost.com/story.html?id=213343
Without food ....
One can survive for a few weeks; water, a few days; air, a
few minutes. All three, are in short supply in China.
Particularly the latter two ....
Regards,
Albert K. Fung
La Brisas/Valle de Guadalupe, Baja California, Mexico.
---
Posted via news://freenews.netfront.net
Complaints to ne...@netfront.net
"Albert K. Fung" <akw...@hotmail.com> ???
news:fn23di$2cok$1...@adenine.netfront.net ???...
Being truth or not is not an issue or at least not necessarily an
issue. I don't see any reason why I want to put up with impolite
interlocutors who speak with such a cheap diction.
> > Humperdink disease has affected you.- Hide quoted text -
> > - Show quoted text -- Hide quoted text -
Francis Poon is getting to be like LT Lee, when put under a
microscope, they shrink into their shell and hide.
> demorising:
>
>>Forget oil, the new global crisis is food
>>
>>http://www.financialpost.com/story.html?id=213343
>
> Without food ....
>
> One can survive for a few weeks; water, a few days; air, a
> few minutes. All three, are in short supply in China.
>
> Particularly the latter two ....
Trying to be technical, eh?
Note well that whatever quality of air China has, she still
have lots of it. 21% of the atmosphere over China is still
oxygen. One cannot survive without air, but one can survive
a long, long time with just dirty air.
Likewise for water.
:-)
Tak
--
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Tak To ta...@alum.mit.eduxx
--------------------------------------------------------------------^^
[taode takto ~{LU5B~}] NB: trim the xx to get my real email addr
> > On Jan 21, 7:10 am, "fyfp...@gmail.com" <fyfp...@gmail.com> wrote:- Hide quoted text -
How long is a "long long time"? In the meanwhile, people are dying of
cancer and other diseases.
But I am not obligated to do so. It is my personal choice.
Much longer than man can survive without food. :-)
> But I am not obligated to do so. It is my personal choice.- Hide quoted text -
Are you what is known as the 'white trash' in the American novels?
Is your Dad a welfare bum and your Mum a whore?
so, is that what people are calling you? is that what they are
teaching you in your bible studies, chink? is that your christ's
teaching you are trying to spread in the newsgroup, dumb chink?
So you admit that you are white and white trash. Good. Knowledgement
is the first step in the right direction.
is that what people are calling you? is that what they are
> teaching you in your bible studies, chink? is that your christ's
> teaching you are trying to spread in the newsgroup, dumb chink?- Hide quoted text -
bwahahahaha! hey, chink boy! your englisheee is so bad that you have
to jump into conclusions when reading other people's posts. white
trash are the only people you know because you belong to that group! I
categorically deny that I am anything like you, white trash chink boy!
obviously that what your bible and your christ is teaching you in
church, huh? resty said that you teach englisheee in chinkland. no
wonder all those chinks speak englisheee so badly. knowledgement ?
bwahahahaha! dumb chink!
> is that what people are calling you? is that what they are
>
>
>
> > teaching you in your bible studies, chink? is that your christ's
> > teaching you are trying to spread in the newsgroup, dumb chink?- Hide quoted text -
>