Food Prices hit record high

Article quote (click to read)

Food prices hit a record high last month, surpassing the levels seen during the 2007-08 crisis, the UN’s Food and Agriculture Organisation said on Wednesday.

The Rome-based organisation said the increase did not constitute a crisis. But Abdolreza Abbassian, senior economist at the FAO, acknowledged that the situation was “alarming”. He added: “It will be foolish to assume this is the peak.”

What a way to start the year. Already sounding the alarm that food prices are rising, and will continue to rise. Looks like this 2011 prediction is already on track.

And what people are mis-understanding this isn't due to money printing, inflation, deflation, or speculators as the CTFC want you to believe.

The cause is what I predicted back in December of 2008, and we will see for the rest of our lives. Continued rise in food and energy costs as China and India economies grow. Click to read my December 2008 full article.

Once again, why I recommend food, energy, and resources as investments.