"We are five years into a severe global food crisis that is very unlikely to go away. It will threaten poor countries with increased malnutrition and starvation and even collapse. Resource squabbles and waves of food-induced migration will threaten global stability and global growth. This threat is badly underestimated by almost everybody and all institutions with the possible exception of some military establishments." (Source: ThinkProgress.org)

Joe Romm summarises the latest article by guru investor Jeremy Grantham in his Quarterly Newsletter.

"The global economy is a Ponzi scheme".

Advertisements