Our forecasts tell us we should replace this mandatory fiscal cliff madness with serious discussions regarding food, gold, global population and impending war.
The amount of acres throughout the world dedicated to growing grain and other foods has for the most part remained static for years. China alone has one billion new folks that have taken up a higher protein diet demanding meat, fish, grain and other foods, which are now imported. This food production has to come from somewhere. We see higher prices across the board for food worldwide, as demand grows faster and supplies get ever tighter.
Other parts of the world are growing quickly too but China is the top grain importer as the entire top 1/3rd of their nation is in major drought and cannot grow crops. Further, the demand for clean water is going critical in China. Water to grow crops and feed animals is a trade-off for human needs.