Hedge Funds way more Dangerous than Storms

Posted on August 27th, 2011 | by A Worker |

Don’t worry about hurricanes.  Hedge funds buying up farmland all over the world are  way more troublesome than the weather.   You remember hedge funds.  They’re some of the folks who brought us the “housing crisis.”  These titans of industry are betting that food shortages will mean big profits, and so they’re buying up all the farm land they can get.  The problem is that once these dudes buy the land creating a food shortage would be in their economic interest.  Food shortages, starvation and death for many of us working folks around the world will be profit for the “smartest guys in the room.”  They are preparing for a doomsday scenario — our doom not theirs. ( See quote below) I’ll take my chances against the rain and the wind.  And when the storm passes, it’s time for us to start building a labor movement that’s ready to fight the hedge fund smart guys and all the other bosses who are trying to o us dirty.

There is, of course, a slightly more sinister reason to develop a sudden interest in agriculture. Last year, Marc Faber recommended to anyone: “Stock up on a farm in northern Norway and learn to drive a tractor.” He sees a “dirty war” on the horizon, playing on fears of a biological attack poisoning food supplies. Those sort of fears drive capital into everything from gold (recently at an all-time high and a long-time safe haven for investors with currency concerns) to survivalist accoutrements. In this particular case, one might buy the farm in order to avoid buying the farm.

That may seem extreme, but even the lesser scenarios are frightening to some. When asked if this is an end-of-the-world situation, the hedge fund manager replied: “It really is. I tell my fiancée this from time to time, and I’ve stopped telling her this, because it’s not the most pleasant thought.” He pauses for a moment. “We just can’t keep living the way we’re living. It’ll end within our lifetime. We’re just going to run out of certain things. We’ll just have to learn how to adjust.”  Read the article

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