Produced: 2010 |
Country: USA
Run time: 14:04 |
Language: English
Synopsis:
Harper's contributing editor Frederick Kaufman on how Wall Street caused and profited on the "food crisis". interviwed by Amy Goodman and Juan Gonzalez.
Kaufman claims that the statistical data suggests that the increase in wheat price is not because of the insufficiency in supply but the financial transactions in the virtual market. Bankers and speculators used wheat and agricultural products as a means of investment for financial gains without considering its damaging effect to the agricultural sector. The market has become so corrupt that the federal regulations cannot keep up, and even outlawing the transaction will not be able to save the market. He's solution to the problem is to prepare a real wheat reserve, so that by the time a crisis hits the US, we can bring out the reserve to hold the price.
It explains the economic side of the rise in agricultural prices and the loopholes in domestic agricultural market. Good for those who are interested in finance and economics. Not directly linked to our targets in GROW campaign.
Recommendation:
Not suitable for showing at public events;
good for internal use;
insufficient link to the current campaign
Country: USA
Run time: 14:04 |
Language: English
Synopsis:
Harper's contributing editor Frederick Kaufman on how Wall Street caused and profited on the "food crisis". interviwed by Amy Goodman and Juan Gonzalez.
Kaufman claims that the statistical data suggests that the increase in wheat price is not because of the insufficiency in supply but the financial transactions in the virtual market. Bankers and speculators used wheat and agricultural products as a means of investment for financial gains without considering its damaging effect to the agricultural sector. The market has become so corrupt that the federal regulations cannot keep up, and even outlawing the transaction will not be able to save the market. He's solution to the problem is to prepare a real wheat reserve, so that by the time a crisis hits the US, we can bring out the reserve to hold the price.
It explains the economic side of the rise in agricultural prices and the loopholes in domestic agricultural market. Good for those who are interested in finance and economics. Not directly linked to our targets in GROW campaign.
Recommendation:
Not suitable for showing at public events;
good for internal use;
insufficient link to the current campaign
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