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Panera Bread CEO Says Pay What You Can

'One in six Americans live in “food insecure” homes. This means one in six Americans is seriously hungry, likely under-nourished or malnourished and doesn’t know when he/she will have their next meal. When Panera Bread Founder and CEO Ronald Shaich learned this, he thought about how Panera Bread opens two restaurants every week, employs 60,000 people, and he knew Panera’s resources could have impact on America’s hunger problem. He personally set out to help, pitched his board (with a lot of respect and credibility under his belt), created a foundation and the result is a new kind of chain restaurant: pay-what-you-can Paneras.'

J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes

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'Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food.'

' “Demand and supply certainly matter. But there’s another reason why food across the world has become so expensive: Wall Street greed. It took the brilliant minds of Goldman Sachs to realize the simple truth that nothing is more valuable than our daily bread. And where there’s value, there’s money to be made.

In 1991, Goldman bankers, led by their prescient president Gary Cohn, came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat.

They weighted the investment value of each element, blended and commingled the parts into sums, then reduced what had been a complicated collection of real things into a mathematical formula that could be expressed as a single manifestation, to be known henceforth as the Goldman Sachs Commodity Index (GSCI).'

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MSNBC - Wall Street Is Behind High Food-Oil Prices Thats Causing Arab Instability

'When I met Phil the other night, he was on fire, enraged by what he believes is the scam of the century that no one wants to talk about, because so many powerful people armed with legions of lawyers want unquestioning allegiance, and will sue you into silence.

He studies the oil/food issue carefully and has concluded, “It’s a scam folks, it’s nothing but a huge scam and it’s destroying the US economy as well as the entire global economy but no one complains because they are ‘only’ stealing about $1.50 per gallon from each individual person in the industrialized world.”

“It’s the top 0.01% robbing the next 39.99% – the bottom 60% can’t afford cars anyway (they just starve quietly to death, as food prices climb on fuel costs). If someone breaks into your car and steals a $500 stereo, you go to the police, but if someone charges you an extra $30 every time you fill up your tank 50 times a year ($1,500) you shut up and pay your bill. Great system, right?”'

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Food crisis benefits Goldman Sachs

'In recent years, two factors have added urgency to Brown's warnings: 1) climate change has given rise to increasingly volatile weather, making crop failures more likely; and 2) the perverse desire to turn grain into car fuel has put yet more pressure on global grain supplies. Brown's central metaphor -- which he's been using at least since the mid-‘90s -- will be familiar to readers who've lived through the previous decade's dot-com and real-estate meltdowns: the bubble.

The world has entered a "food bubble," he argues; we've puffed up grain production by burning through unsustainable amounts of three finite resources: water, fossil fuels, and topsoil. At some point, he insists, the bubble has to burst.

Well, for the second time in three years, the globe is lurching toward a full-on, proper food crisis, especially in places like Haiti that have de-emphasized domestic farming and turned instead to the global commodity market for food. In 2008, global food prices spiked to all-time highs, and hunger riots erupted from Haiti to Morocco. Now prices are spiking again, and have already surpassed the 2008 peak, The Sydney Morning Herald reports.'

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by Dr. Mark Sircus

'Prices are expected to increase due to inclement weather patterns influencing international commodity production and demand. Extreme cold snaps and heavy snowfall in Europe and the United States are increasing demand for oil and destroying or hurting crops; droughts and deluges in Australia are wreaking havoc on sugar and wheat production; Argentinean corn production is being threatened by weather patterns; and parts of China are expected to run short of oil and even coal in the coming winter months. “Things” are getting more expensive.

'That is a fact. Energy, metals, and the ‘softs’ (grains and cotton) are all headed higher both in the US and elsewhere across the world. In India food inflation is taking off like a plane off a runway, and China is not far behind. India’s annual food inflation went up again for another week on the back of rising prices of fruits, vegetables, and milk and stood at 9.46 percent for the week ending 4 December. Food inflation was 8.60 percent in the previous week.

'This is the second consecutive week of rise in food inflation. While prices of rice rose by 1.47 percent, vegetables went up by one percent, milk by 17.76 percent, and fruits by 19.75 percent on an annual basis. Pulses and wheat prices declined by 4.24 percent and 11.46 percent, respectively. Onions became costlier by 29.93 Readpercent on an annual basis.'

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'If you’ve read the news closely these past couple of weeks, you may have found a very interesting item buried somewhere in between headlines: food prices in America grew by more than 1.5 times the overall rate of inflation this year. They went up 1.7 percent, to be precise. The U.S. Department of Agriculture is forecasting a 2 to 3 percent food inflation rate in 2011, a number that many experts expect to be on the low-end. Meanwhile, big agribusiness players like Kraft Foods, General Mills, McDonald’s, Kellogg and Sara Lee have already announced that they will rise [sic] their prices come January.'

By Dr. Mercola

'Is the US headed toward an economic crisis that could dwarf the Great Depression?
Well, the signs are hard to ignore, and there are many striking similarities between events today and the events that led up to the harshest years during the Great Depression, from banking failures in the thousands and rising unemployment, to the passing of laws and creation of administrative boards later declared unconstitutional.
As reported by the Wall Street Journal, food prices have risen sharply in the past few months, and the food manufacturing and restaurant industries warn that further increases may be unavoidable, despite the risks involved:

"For food executives, how quickly to pass along higher costs presents difficult choices.
Missteps could be costly when the economy remains weak. Many Americans, nervous about high unemployment, have pledged allegiance to their pennies and are willing to trade down on brands, switch supermarkets, opt for Burger King over Applebee's, or stop dining out altogether to save money."'

Speculative Food Bubble

'Never let a good crisis go to waste. The international bankers are taking advantage of the "food crisis" by driving up food prices in what is shaping up to be a classic case of a manufactured bubble. It is also looking like a clear model of Problem-Reaction-Solution methodology. Create the food inflation problem (of course profiting all the way up), force an enraged reaction among the public, and take more sovereignty away with the solution of global food regulation.'

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Eat Your Wheaties Before Next Month

Source: Bloomberg

'General Mills Inc. showed where U.S. food prices are headed by making some of its breakfast cereals and baking products more expensive, according to Christopher Growe, a Stifel Nicolaus & Co. analyst. As the CHART OF THE DAY shows, retail prices for food are lower than they were in May though the cost of farm commodities has soared.

The food component of the U.S. consumer price index and a gauge of agricultural-product prices, compiled by UBS AG and Bloomberg, were used to make the comparison. General Mills, the maker of Cheerios, Chex and Wheaties, will raise cereal prices on Nov. 15. The increase will affect about 25 percent of its cereal production and amount to a “low single-digit” percentage, Kirstie Foster, a company spokeswoman, wrote today in an e-mail.

Prices for some baking mixes are set for “a mid single- digit increase,” effective Jan. 3, Foster wrote. The company’s product lines include Betty Crocker, Bisquick and Pillsbury. “While General Mills may be the first of the large food companies to really press higher on pricing, we believe many others may follow,” Growe wrote. “It’s just a matter of time, given what is coming down the pike in the way of inflation.”

The UBS Bloomberg Constant Maturity Commodity Index for farm products jumped 50 percent between June 7, when it fell to this year’s low, and yesterday, when it set a record by closing at 1,770.479. The previous high was set in July 2008.'

View Chart (a must view)

Chicago Board of Trade Corn pit. 1993

'The deregulation of global agricultural markets was part of the economic deregulation driven by the World Trade Organization (WTO), the World Bank and the International Monetary Fund. It was a process initiated by the Breton Woods Agreements of 1944 to standardize international trade and marketing policies to facilitate global trade [9].

'It eliminated government intervention in agricultural markets, dismantling global commodity agreements, price supports, and other mechanisms that had helped stabilize global supplies and prices. The WTO’s Agreement on Agriculture, and other multi-lateral and bilateral free-trade agreements including the North American Free Trade Agreement (NAFTA), opened up markets in the developing world to an increasingly powerful global agribusiness industry.

The consequence of deregulation was [10] “to replace local market access for the majority of small farmers with global market access for a few global transnational companies. Thanks to non-existent anti-trust enforcement and rampant vertical integration, [t]hree companies - Cargill, Archer Daniels Midland (ADM), and Bung - control the vast majority of global grain trading, while Monsanto controls more than one-fifth of the global market in seeds.”'

health fitness diet nutrition and lifestyle

Panera Bread CEO Says Pay What You Can

J.P. Morgan's Food Stamp Monopoly: The More Americans That Fall Into Poverty The More Money Jamie Dimon Makes

Goldman Sachs created the food crisis — “Foreign Policy” tells how they did it

MSNBC - Wall Street Is Behind High Food-Oil Prices Thats Causing Arab Instability

Is There a Financial Scam Behind the Rise in Oil and Food Prices?

Food crisis benefits Goldman Sachs

The ‘food bubble’ is bursting, says Lester Brown, and biotech won’t save us

You Are Being Warned

What If Supermarkets Fail Us?

This Financial Catastrophe Can Destroy Your Future Fast - How to Avoid it

By Dr. Mercola

Banksters Inflate Speculative Food Bubble, U.N. Offers Global Governance Solution

General Mills Signals Faster U.S. Food Inflation: Chart of the Day

How the financial markets create hunger and make huge profits

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