[Bill Bonner’s Diary]( Feds’ Plan to Fix the Food System By Bill Bonner Monday, September 27, 2021 [Bill Bonner] BALTIMORE, MARYLAND – Things go wrong. The Wall Street Journal published this alert last night: Democratic leaders are trying to shepherd two complicated legislative packages: a roughly $1 trillion bipartisan infrastructure bill and a sprawling healthcare, education and climate package whose proposed $3.5 trillion price tag and contents are still under intense debate within the party. At the same time, the government’s funding is set to expire at 12:01 a.m. on Friday, Oct. 1, which would partially shut down the government if Congress doesn’t act. Lawmakers also are feuding over who is responsible for raising the debt limit and avoiding a potentially catastrophic default. Absent swift action, Treasury Secretary Janet Yellen notified Congress this month that the Treasury may be unable to keep paying all of the government’s bills on time during October. Reuters calls it a “moment of truth” for Congress. Politicians grandstand. They argue and point the finger at each other. But if the spending is interrupted, it won’t be interrupted for long. The real truth is that Democrats and Republicans agree on the important issue – that the rip-off of the American public must go on. Borrow… spend… print… and borrow more. Eventually, [the end of the world as we have known it]( comes. And then, things get serious. Painful. Chaotic. And disastrous. Recommended Link [Bill Bonner: Shadow-Banned?]( [image]( Have [Americaâs top booksellers refused to carry Bill Bonnerâs final book]( You wonât find new copies of Win-Win or Lose at Barnes & Noble⦠and not a single copy is floating around on eBay. In fact, the only used copy we could find was going for $79 on Amazon. Which is why Bill recently authorized us to take drastic steps to put a copy in your hands essentially free â as part of this limited time offer. [To claim yours, click here](
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Empty Stomachs And today, we look at one of the most nightmarish features of the End of the World As We Have Known It: hunger. It is hard to imagine widespread hunger in the U.S. The country is so rich, so big, so productive… food is so plentiful… and its people are so fat. What could possibly go so wrong as to cause people to go hungry? [Featured: Musk, Cuban, Branson and 7 of the Worldâs Biggest Banks ALL Piling Into THIS New Tech]( Our friend, independent publisher MN Gordon, passed along a bit of news: According to the United Nations Food and Agriculture Organization (FAO), global food prices were up nearly 33 percent year over year in August. Vegetable oil, grains, and meat all cost more. Unfortunately, rising food prices – and empty stomachs – often presage social chaos and revolution. When adjusted for inflation and annualized, the cost of food is higher than nearly anytime in the past six decades, according to FAO data. Alastair Smith, senior teaching fellow in global sustainable development at Warwick University in the United Kingdom, recently noted: “Food is more expensive today than it has been for the vast majority of modern recorded history.” Whoa! What happened? Don’t farm machinery, fertilizers, and pesticides get better every year? Aren’t they burning off the Amazon to plant more soya? And wasn’t global warming supposed to be bad for humans, but good for plants? What gives? Recommended Link [Will You Be Blindsided by the Global Chip Shortage?]( [image]( GM and Toyota factories are shutting down… Mass shortages of electronics… Medical device production nearly halted… You may know a global computer chip shortage is happening. You may know something seems to be very wrong… But what you probably don't yet realize--what few so far have figured out… Is what's really causing it. And what happens next for investors. Now a former computer chip executive with over 20 years of experience is stepping forward to tell all… [Click Here to See His Urgent Warning](
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And the Blame Goes to… We don’t know. But thank God for the Biden Team. It knows exactly what the problem is: Capitalism! In food production,[as in banking]( the political hustlers think they know better than consumers, investors, and producers. Here’s the White House Briefing Room blog… Four large conglomerates overwhelmingly control meat supply chains, driving down earnings for farmers while driving up prices for consumers. The meatpacking industry buys cattle, hogs, and chickens from farmers and ranchers, processes it, and then sells beef, pork, and poultry on to retailers like grocery stores. The industry is highly consolidated, and serves as a key choke point in the supply chain. That consolidation gives these middlemen the power to squeeze both consumers and farmers and ranchers. There’s a long history of these giant meat processors making more and more, while families pay more at the grocery store and farmers and ranchers earn less for their products. Absent this corporate consolidation, prices would be lower for consumers and fairer for farmers and ranchers. And here comes the money shot: As we restart the world’s largest economy and make great strides in the economic recovery, the Biden-Harris Administration is committed to restarting right for the American people – consumers and producers alike – by transforming the food system. Is that you sputtering and choking, Dear Reader? Yes, you read that right. We saw on Friday that [the feds plan to rework the entire financial system]( eliminating banks as we have known them. Now this; they aim to “transform” our farms, too. Recommended Link [Do You Have $19? (Thatâs All It Takes)]( [ad_img]( âHi, my name is Jeff Clark. For the past 36 years, Iâve helped people from all walks of life make money in the markets. Retired stockbrokers… presidents of companies… people with almost no financial experience… and everything in between. But I havenât done it the usual way⦠My method is different. Itâs unlike anything youâve probably ever seen before. [Weâre unveiling it right now for just $19.]( Thatâs the lowest price my publisher has EVER offered for a trading research service⦠And it wonât be available for long. [Watch a ‘10-second live demo’ of this method]( to see how it works." [Watch Now!](
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Empty Shelves At least 2 million people starved in the Ukraine after the Soviet government took charge. As many as 55 million died in China after Chairman Mao sought to “transform” the farm economy in 1958. As far as we know, no centrally planned, government-directed agriculture program has ever succeeded. Zimbabwe had been known as “the breadbasket of Africa.” Its rich fields and temperate climate made it one of the most productive countries on the continent. But then, along came a government determined to transform the food system… and the financial system, too… Farms were taken away from prosperous white farmers and given to government cronies. And soon, the shelves were empty. Venezuela? Want a loaf of bread? A roll of toilet paper? Aspirin… antibiotics… beta blockers? Forget it. The stores are empty. [Featured: Does Biden want to spy on your bank account?]( Venezuela is now at what probably is the apex of its government-imposed misery. Prices are meaningless; there is little to buy. Food output has dived. People rummage through garbage bins trying to get enough to eat. [Millions leave the country](. Will it reach that point in the U.S.? Unlikely. But who knows? It might not be a bad idea to plant some potatoes, just in case. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Fedsâ plan to fix the food system). --------------------------------------------------------------- FEATURED READS [Chancellor Angela Merkel's Leadership in Germany Comes to a Close]( has the largest economy in Europe and is on track to grow by 2.9% this year, after contracting by 4.9% in 2020. So Chancellor Merkel ends her 16-year leadership on a positive note. But whoever takes over will need to continue to manage the impact of COVID-19… [Republican Representative Slams Dems’ Excess Spending](. Kevin Brady (R-Texas) argues the House-passed reconciliation bill will impose devastating tax increases on low- and middle-income Americans… The Senate is expected to vote as soon as Monday on a bill that will keep the government funded through early December… MAILBAG Dear readers share their thoughts on Bill’s essay, “[The End of the World as We Have Known It]( Every week is another shady move by the Biden camp. I have no words for what this Omarova revelation means… other than Biden is stoking the fires of socialism and racism all the while taking no questions from a free press. That should get our attention. But, alas, people are asleep. – Michael C. Interesting how the perception of our ancestors changes with time. I see many references to the “founders” seeming to be held almost in reverence for their perceived wisdom and musings of the day, in which they supposedly foresaw events in the far future of our time. More revealing is the fact many of them were slave owners, issuing lofty ideas about freedom and most were the 1% of their day. – John N. We all know that there will NOT be a natural market correction, but rather a global reset of everything, including a complete loss of all of our freedoms, just as in place in China today. This has been in the works for decades. It seems like We the People have lost (if not outright surrendered) all defenses against a tyrannical government in obvious collusion with globalist elitists and vaccine crazy fanatics who desire a great reduction in the world’s population. There is nothing normal in our future. May God bless us as we face this future that few in America are prepared for. – George M. Meanwhile, another shares their COVID-19 journey… I was one of the lucky many to be infected by both COVID-19 and the Delta variant. I contracted COVID-19 in January of 2020, as did most of my staff and the student population of our local university. I had to work through the sickness, due to most staff being out with the “flu,” because no tests were available for COVID-19. Most were thought to have the flu, even though those tests came back negative. The giveaway was the loss of our smell and taste. Even though it only lasted for a few days (for most), we attributed that to the common cold we thought we had. One and a half years later, the Delta spread through my unvaccinated family, and hit me the hardest, attacking my prostate and keeping me up all night on constant bathroom trips. The worst part was the loss of smell and taste for over a month, as food is one of my family’s true passions and loves. We all survived and will not need the government to force us to take the shot, nor do they have the authority to do so. If this was a true pandemic, killing 20-30% (or even 10%) of the population, a forced true vaccine might be mandated. But forcing all to take an mRNA shot, with no research on what its future effects will be on its hosts, is absolutely ludicrous and unconstitutional! Steven L. Has the perception of America’s founding fathers changed over time, as John N. believes? Is Joe Biden “stoking the fires of socialism,” like Michael says? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Fedsâ plan to fix the food system). 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