Our Gold Guy
No Result
View All Result
Saturday, February 4, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Economy

Grain Giants’ ‘Disaster Capitalism’ Profits During Food Crisis Spark Global Outrage

by Jessica Corbett
August 25, 2022
in Economy
Olivier De Schutter

“Oligopoly in action.”

That’s how Kartick Raj, a Human Rights Watch researcher focused on poverty and inequality in Western Europe, responded Tuesday to The Guardian’s new reporting on the world’s four grain giants raking in record profits — which is fueling calls for a global windfall tax.

After noting United Nations agencies’ estimates that while about 345 million people endure acute food insecurity — up over 200 million from before the COVID-19 pandemic — food prices have skyrocketed by over 20%, journalist Fiona Harvey highlighted remarks from Olivier De Schutter, a co-chair of the International Panel of Experts on Sustainable Food Systems and U.N. special rapporteur on extreme poverty and human rights.

“The fact that global commodity giants are making record profits at a time when hunger is rising is clearly unjust, and is a terrible indictment of our food systems,” he told Harvey.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

“What’s even worse, these companies could have done more to prevent the hunger crisis in the first place.”

As Harvey explained:

“Four companies — the Archer-Daniels-Midland Company, Bunge, Cargill, and Louis Dreyfus, known collectively as ABCD — control an estimated 70-90% of the global grain trade. ‘Global grain markets are even more concentrated than energy markets and even less transparent, so there is a huge risk of profiteering,’ said De Schutter.

“He said this year’s food price surge happened despite what are thought to be abundant global grain reserves, but there was insufficient transparency from the companies to show how much grain they hold and no way to force them to release stocks in a timely way.

“‘We need to be looking at the grain giants and asking what they could have done to avert the crisis, and what they could be doing now,’ De Schutter said.”

While the four companies declined to respond to Harvey’s request for comment, De Schutter added that:

“Ultimately, we need to break up the monopolies that have a stranglehold on the food chain. A handful of companies control global seed and fertilizer markets, animal genetics, the global grain trade, and food retail. They are making huge profits at the cost of farmers, consumers, and the environment.”

Using a term coined by author Naomi Klein, U.K. climate scientist Bill McGuire declared in response to Harvey’s article: “Disaster capitalism at its worst.”

Our Gold Guy America First

“As 345 million people suffer from acute food insecurity,” McGuire continued, “the four corporations that control virtually all grain trade stuff their pockets with cash, pop the champagne corks, and laugh all the way to the bank.”

Nick Dearden, director of the U.K.-based group Global Justice Now, similarly said that “food monopolies rake in bumper profits as speculation drives up food prices. We have enough food for everyone, but the financial markets dictate more and more people must go hungry to fill the coffers of the super wealthy.”

Record profits for grain firms amid food crisis
Record profits for grain firms amid food crisis
Record profits for grain firms amid food crisis
Record profits for grain firms amid food crisis
Record profits for grain firms amid food crisis
Record profits fhttps://t.co/CBWaTjKKrQ

— Michael Galant (@michael_galant) August 23, 2022

“Workers wages aren’t causing our #CostOfLivingCrisis. Profiteering is. Want proof?” UNI Global Union tweeted, pointing to Harvey’s reporting, which detailed some of what’s fueling the current issues, including Russia’s war on Ukraine.

The U.K. group Plan B Earth took aim at government leaders:

“Bonanza for fossil fuel companies, while people can’t pay their bills. Soaring stocks for defense companies on the back of war. And while famine stalks East Africa and Afghanistan, food companies make record profits. None of us voted for this!”

As Common Dreams reported in June, Oxfam has spent the summer pushing for a windfall tax targeting major companies.

Harvey noted Tuesday that some campaigners and political figures have echoed that demand, including Natalie Bennett, a U.K. Green party peer, who said that:

“As a short-term measure there are strong arguments for a windfall tax on the food oligopoly — the handful of companies, with significant cross-ownership from hedge funds, that from seeds to supermarkets are major contributors to the inflation that’s driving the cost of living crisis to new heights.”

Cross-posted from Common Dreams.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: Common DreamsFoodFood CrisisFood ShortagesGrainsOlivier De SchutterTop Story


Learn more about RevenueStripe...

Bypass Big Tech Censors



Our Gold Guy



MyPatriotSupply


European Central Bank

Is a Bank “Bail-In” Imminent?

February 4, 2023
Joe Manchin’s Wife’s Commission Received $200M from Omnibus Bill

Joe Manchin’s Wife’s Commission Received $200M from Omnibus Bill

February 4, 2023
The Fixed Game of Price Caps on Russian Oil

The Fixed Game of Price Caps on Russian Oil

February 4, 2023

Recent News

European Central Bank

Is a Bank “Bail-In” Imminent?

February 4, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>