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FOOD PRICES visavis INFLATION
by Anand sodo on May 11, 2008 05:57 PM

I have been reading the views expressed in this forum - most of which are beyond the line of sanity. Secondly I have seen a tendency in most 'educated' and nearly all 'Political'Pundits to create a rift between different classes/Types of people instead of trying to go to the roots of the problem.

Right since 1970 upto nearly 1995 International gold and crude prices were nearly stable at $250
and $25 respectively and during this period we Indians were as foolish/clever as we are now and the world too was as foolish/clever as it is today. The percentage of growth of cleverness/foolishness/richness/poorness/whatever you wish has always been a near constant between 5% and 10%, therefore there is nothing new happening in this world today that we have not been thru normally over the past many decades - there are no major droughts/floods or such calamities anywhere in the wold which we may call MAJOR or ABNORMAL - inspite of everything being NEARLY NORMAL we are seeing a JUMP in prices of CRUDE by nealy 400% in Gold by 400% in Real Estate by 400% and ofcourse now Food Products are too bound to go up atleast by 100% - NOW it is for one to ponder WHY - WHY prices were just normally increasing by 5 to 10% in the 70's 80's and 90's BUT WHAT is so special now??that prices are SKY ROCKETING - China India Brazil and a few other countries are starting to get too close(for comfort)to US and EUROPEAN BIG LORDS hence this BIG BULLY manipulation by developed world against the geveloping one

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