Excited Delirium

Stories about Excited Delirium, the Shock Economy and a little fiction here and there.

Daily Archives: May 4, 2008

Bush Needs to take an Econ Class

Full Story Here.

Politicians are loathe to admit that the US and Canada are in a recession. Ontario’s economy is being decimated in favour of short-term gains from the oil patch. Americans have been given “bonus bucks” that depreciate before they can cash them.

The government is paranoid. The people are being whipped into a frenzy about housing prices and commodity shortages.

It’s Germany in the 30s all over again.

I’m waiting to see pictures of Americans carting wheelbarrow loads of cash to the corner store to buy a loaf of bread.

The problem: we all know what happened next in Europe in the late 30s.

Profiting From International Starvation

Full Story Here.

Euthanol has driven the planet to starvation, and it looks like a small handful of companies are profiting from this situation.

Monsanto: net income for the three months up to the end of February this year had more than doubled over the same period in 2007, from $543m to $1.12bn. Its profits increased from $1.44bn to $2.22bn
Cargill: net earnings soared by 86 per cent from $553m to $1.030bn over the same three months.
Archer Daniels Midland: increased its net earnings by 42 per cent in the first three months of this year from $363m to $517m. The operating profit of its grains merchandising and handling operations jumped 16-fold from $21m to $341m.
Mosaic Company: income for the three months ending 29 February rise more than 12-fold, from $42.2m to $520.8m.

A number of organizations are pursuing water as a basic human right. At what point do we consider food as a basic human right as well?