Goldman Sachs and the Food Crisis

In a shocking report by Frederick Kaufman that has been featured on the Foreign Policy website, the role of Goldman Sachs and its Wall Street cohort in creating the food crisis has been revealed.

Frederick uncovers the 1991 scheme where Goldman bankers lead by Gary Cohn created a derivative that tracked 24 raw minerals; including coffee, cocoa, cattle, corn, hogs, soy and wheat and how that scheme was then manipulated to raise food commodity prices.-Did Goldman Sachs Help to Create the Current Food Crisis?

Climate Change To Blame For Higher Food Prices?

Farms across the planet produced 3.8 percent less corn and 5.5 percent less wheat than they could have between 1980 and 2008 thanks to rising temperatures, a new analysis estimates. These wilting yields may have contributed to the current sky-high price of food, a team of U.S. researchers reports online May 5 in Science. Climate-induced losses could have driven up prices of corn by 6.4 percent and wheat by 18.9 percent since 1980. Read more: Climate Change Wilts Farming Yields