By Rady Ananda
In a January 2008 meeting, US and Spain trade officials strategized how to increase acceptance of genetically modified foods in Europe, including inflating food prices on the commodities market, according to a leaked US diplomatic cable released by WikiLeaks.
During the meeting, Secretary of State for International Trade, Pedro Mejia, and Secretary General Alfredo Bonet “noted that commodity price hikes might spur greater liberalization on biotech imports.”
It seems Wall Street traders got the word. By June 2008, food prices had spiked so severely that “The Economist announced that the real price of food had reached its highest level since 1845, the year the magazine first calculated the number,” reports Fred Kaufman in The Food Bubble: How Wall Street starved millions and got away with it.
Posted in Economy Economics, Environment, Food & Farming, Genetic Engineering, Obama and Company
Tagged biotech, biotechnology, diplomatic cables, economics, Environment, eu gmo rejection, european commission, european union, food bubble, food speculation, Genetically Engineered Food, Genetically Engineered Foods, gmo, monopolies, Neoliberalism, pollution, price fixing, price hikes, scientific studies, speculative commodities, us gmo agenda, USDA, wall street banksters, wikileaks
By DER SPIEGEL Staff
In this seven-part series, Spiegel closely examines the greed and corruption that led to the near collapse of the global finance system, and cautions that another wave of collapse threatens the world economy. Despite US efforts to hamper regulation of Wall Street, other nations are taking self-protective measures.
Posted in Economy Economics, Neoliberalism, Obama and Company
Tagged corruption, deregulation, economics, federal reserve, fiat money, financial crisis, Neoliberalism, stock bubbles, wall street banksters