WORLD BANK CHIEF: ENORMOUS FOOD PRICE INFLATIION MAY BRING ON ENORMOUS GLOBAL CRISIS

BBC:

The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".

Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation".

He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund.

HERE'S WHY:

Food price changes Q1 2010 to Q1 2011
Source: World Bank Development Prospects Group
Maize	74%
Wheat	69%
Palm oil	55%
Soybeans	36%
Beef	30%
Rice	-2%

IF THE LEFT WOULD STFU ABOUT AGW AND ALLOW MORE COAL AND OIL TO BE EXPLOITED - AND LESS SO-CALLED "GREEN FUELS", THEN PRICES WOULD COME DOWN.

I DOUBT THE LEFT WILL STFU BEFORE THE NEXT CRISIS TRIGGERS ANOTHER GLOBAL COLLAPSE AND EVEN GREATER POLITICAL INSTABILITY.

WHY I AM I PESSIMISTIC?

SIMPLE:

THE GOP WON'T TAKE OVER THE SENATE UNTIL 2012AND THERE'S LIKELY GONNA BE SOME SHINOLA HITTING THE FAN BEFORE THEN.