Friday, April 25, 2008

The Coming Recession

Start stockpiling people, the world is getting very interesting. After months of refusing to fall in with the people I thought of as Chicken Littles, I have to admit, a Recession is in fact coming, and is already present here in Kansas.

As grains like Corn and Wheat rise in price 8% a year, with Rice and Wheat up 13%, Dairy up 10%, Eggs up a record 30%, and Meat up between 4.8% and 5.4%, the signs are clear. Rationing is coming back to this country. In fact, two major retail stores, Sam's Club and Costco, have already started rationing Rice and Wheat as people go out and stock up because of perceived food shortages.


As China and India demand more food to feed their people, and fuel companies continue to divert food away from the dinner table and into our gas tanks, prices will continue to rise. While I cannot call shame upon India and China for feeding their people, I have to cry shame on another group.

Shame on TIME Magazine for their recent cover replacing the Flag with a Pine Tree in the historic Iwo Jima picture. Shame on them and all the rest of Al Gore's friends for continuing to push Ethanol though it has been shown to be less efficient, more expensive, and even carcinogenic. Shame on those who have pushed the Global Warming agenda even as the data swings away from them and toward the Helions.

If we do not stop this, we will see a further 100 million people in the developing world pushed into poverty, and Food Riots like those in Haiti, Egypt, Indonesia, Iraq, and the Philippines will spread further, and might even reach the United States in Worst Case scenarios.

Kansas, California, Nebraska, Florida, and Minnesota are all sliding. The Stock Market is sliding, with Berkshire Hathaway A having slid down a full 1,000 points. My friends and readers get ready. If we fall into a full blown Depression, it will be a slow slide, not the sudden collapse seen in the infamous Black Thursday.

At least I have Clinton v Obama to entertain me.

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