Monday, June 7, 2010

Food Staples Surging in Price...

Not a lot of time for blogging these days...here is a quick thought...

I am always interested when I see stories such as this one that talk about food shortages...inflation...rationing...etc. While this may seem like the problems of distant peoples... totally unrelated to the US...I think that would be a shortsighted assumption. Our connections can affect us when markets fail...when trade is limited or ceases...and in other ways. Our relations are a line of dominoes stood on end that reach around the world.

I read a story like this and marvel how little Americans currently pay for their food. While the people in the article pay up to 70% of their income on food...Americans pay somewhere around 7% of their income!!!

How differently we would view food if it was that expensive to us. I am planning for the day when we will be in the shoes of the so-called "poorer nations". When the facade of prosperity bursts...we will find we're not much different.

4 comments:

  1. i have a feeling that day isn't far away! Getting more and more expensive to buy just the basics now days!

    It is getting interesting!

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  2. There certainly is nothing to be lost in being prepared!

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  3. Good information as always Stephen!

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