Quote from gduke:
"there's no manipulation of prices."
Where have you been? Siberia, perhaps in deep freeze?
Prices are manipulated daily on the markets, by those who produce, sell, buy, speculate, the list goes on....
If the Saudi's sneeze, the price goes up. If the Nigerians have a pipeline explosion, the price skyrockets.
This discussion, like many before, does nothing to actually curb demand, take into account the ongoing grow in the Asia, or understand that the real solutions are not just the "magic fat pill that will cause a 50% weight loss in just 10 days."
Your worries about corn prices are well founded, but what you should understand is the shortages that will arise are going to affect all of the "gift" programs the US has (with regard to poor/subsidized countries).
The price is irrelevant in this model, to a certain extent, because if the product is unavailable, people will starve.
What will this breed? More anti-American unrest, famines, and other balances in the economic systems.
The bottom line is that the powers that be, won't do anything to "help" the situation unless there is great profit in it.
regards---rhjames
