Originally posted by Bill Moore:
This is a global problem and will require a global response, which means we'll have to cooperate with organizations that we have marginalized in recent years. I think the second and third order effects on our political, social and economic systems will be greater than most assume.
Don't see it happening. Certainly not with any high level of UN involvement. The whole UN "Oil For Food" program fiasco will immediately reappear in all it's full blown glory, and there isn't a US pol out there ready to grab for that one again, particularly with the US probably going to have to be a major source of food supply for any such effort. A total non-starter.

The other part of the problem is that honestly, both China and OPEC have had more of an negative influence on the overall psyche of the Commodities Marketplace than most people realize. It's an attitude like "So rice is a grand a ton. Oil's $120 a Bbl. You want Cheap rice? Then cheap rice = cheap oil. Otherwise ante up & pay the price".

And China comes across as willing to do business with virtually anybody. And it's been coming across to the general public as paying off for them. Now, if you look closely, it's not necessarily true, because China has quite a number of very serious issues. But the Marketplace is becoming increasingly desensitized to these issues in the developing nations. It's becoming a very harsh environment out there.

Just look at Zimbabwe as an example. If these "global organizations" want to really make a difference, get rid of Robert Mugabe and his thugs and get "Africa's Breadbasket" back into the food production business again. Because that's just going to be one of the type of steps required to realistically create long term price and supply stability in the commodities markets.