World Bank Head Raises Food Prices Alarm:

  1. OLYHOOCH profile image61
    OLYHOOCHposted 5 years ago

    World Bank Head Raises Food Prices Alarm: ‘One Shock Away From a Full-Grown Crisis’

    The International Monetary Fund and World Bank have held their spring meetings at the World Bank building in the US capital, Washington DC.

    They discussed the outlook of the global economy, and the challenges that lie ahead.

    It’s the fourth year of the global financial crisis, and the world economy is slowly picking up. But there are still great vulnerabilities and uncertainties.

    That’s the message world financial leaders are sending out from their spring meeting.

    World Bank President Robert Zoellick says the surge in food prices is the biggest threat to the world’s poor, pushing 44 million more people into poverty over the past year.

    Robert Zoellick, World Bank President, said, “Of particular concern is food prices. This is the biggest threat today to the world’s poor, where we risk losing a generation. We are one shock away from a full-grown crisis. The financial crisis taught us that prevention is better than cure. We cannot afford to forget that lesson.”

    Keep reading … … om-crisis/

  2. recommend1 profile image70
    recommend1posted 5 years ago

    If I accept this as true or accurate which is not so certain given the OP's record.

    Food prices are controlled by the big corporations who are the vendors, logistics and the producers of most of what the west eats.  Their supermarket retail fronts have driven all competetion out of business and now they control YOUR food supply.  When the manufactured threat of terrorism wears off they will need a new overbearing worry to control people and this is one of the possibilities.

    When the oil is nearly gone in the not too distant future there will be no escape left for anyone anywhere as you will be trapped under the weight of your negative equity house, unable to afford travel and your existence fine-tuned by the slave store supermarket near you.

    1. John Holden profile image61
      John Holdenposted 5 years ago in reply to this

      Yes, I misread the title too. The World Bank raised a discussion of food prices, they didn't actually raise food prices!