Britain’s wheat crop ‘down by third after extreme weather’

Flash flooding hits Hebden Bridge

Isn’t it funny how the aerosol spraying and the manipulation of the Jet Stream stopped during the time the Bilderberg meeting was held in the UK. Last weekend, we were given a taste of what summer used to be like before the technocrats started playing God and messing with our climate. Weather manipulation has become so widespread in the last seven years that most people in the UK have been conditioned to believe – or accept – that every summer will be a wind lashed wash out.

A meek acceptance or modus vivendi seems to have taken root.

This is a link to a story on the BBC today concerning the impact of extreme weather – the bitterly cold extended winter on top of last summers extreme wet weather – on wheat yields. Of course, this all implies rising food prices in the very near future, which is the game plan of the money lending priesthood – to impose more financial pressure on those who are barely treading water. This was plan hatched, no doubt, at Bilderberg.

I include also a link to a story from the Independent in January which exposes how Goldman Executives are making millions from betting on the futures market, specifically the hike in food prices.

Britain’s wheat harvest this year could be almost 30% smaller than it was last year because of extreme weather, the National Farmers’ Union has warned.

In a snapshot poll, it found a smaller area was planted last autumn because of the wet soil conditions.

However, the NFU said there was no reason to suggest a lower quality crop.

The National Association of British and Irish Millers said a lower yield would not affect prices, which are governed by bigger global producers.

The NFU questioned 76 farmers covering 16,000 hectares (40,000 acres) of land and its findings suggested wheat production would be below average for the second year in a row.

NFU combinable crops chairman Andrew Watts said the continually wet weather during planting time, between September and December, had resulted in less wheat being planted. He also said subsequent bad weather, including flooding and snowfalls, had not been conducive to a high yield.

Read more here: http://www.bbc.co.uk/news/uk-22866982

Goldman bankers get rich betting on food prices as millions starve

Goldman Sachs made more than a quarter of a billion pounds last year by speculating on food staples, reigniting the controversy over banks profiting from the global food crisis.

Less than a week after the Bank of England Governor, Sir Mervyn King, slapped Goldman Sachs on the wrist for attempting to save its UK employees millions of pounds in tax by delaying bonus payments, the investment bank faces fresh accusations that it is contributing to rising food prices.

Goldman made about $400m (£251m) in 2012 from investing its clients’ money in a range of “soft commodities”, from wheat and maize to coffee and sugar, according to an analysis for The Independent by the World Development Movement (WDM).

This contributed to the 68 per cent jump in profits for 2012 Goldman announced last week, allowing it to push up the average pay and bonus package of its bankers to £250,000.

The extent of Goldman’s food speculation can be revealed after the UN warned that the world could face a major hunger crisis in 2013, after failed harvests in the US and Ukraine. Food prices surged last summer, with cereal prices hitting a record high in September.

Christine Haigh of the WDM said: “While nearly a billion people go hungry, Goldman Sachs bankers are feeding their own bonuses by betting on the price of food. Financial speculation is fuelling food price spikes and Goldman Sachs is the No 1 culprit.”

Goldman makes its “food speculation” revenues by setting up and managing commodity funds that invest money from pension funds, insurance companies and wealthy individuals in return for fees and commissions. The firm invented these kinds of funds and continues to dominate the market, together with Barclays and Morgan Stanley. Swiss trading giant Glencore hit the headlines in August when its head of agriculture proclaimed that the US drought will be “good for Glencore”.

Goldman has always shrouded the breakdown of its profits in secrecy, but a WDM commodities derivatives expert has calculated the revenues it believes the bank makes from food speculation through an analysis of its recent results and market information.

Read more here: http://www.independent.co.uk/news/business/news/goldman-bankers-get-rich-betting-on-food-prices-as-millions-starve-8459207.html

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