we had a state controlled capitalism and school fashion so when nobody dares to ask we do our teeth in question more. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. for asians are today.

wealthy british. market why not. find out what's really happening to the global economy with. a no holds barred look at the global financial headlines tune in to kaiser report on r.g.p. . bringing

you the latest in science and technology from. the future covered. hey tom are in here broadcasting live from washington d.c. coming up today on the big picture. the official anti allocation giong phone called touch from the i.q. exam still. like. video on demand keys and mine old girls and r.s.s. feeds now in the palm of your. question.

call. us or is that so much a given to you that is a sign of the mark of the world clamoring for change around the globe people are protesting against government and can a self defined democratic west learn. was

i was. i had to describe chicago's food market for theater play up was i thought it would be easy to get the mystery information by asking a few special i stockbrokers. was was was right. but it wasn't like that up none of the people

i asked were able to explain the norms that rule the stock market. was was was. against believe it was something that couldn't be explained or conceived by the human mind therefore it was something absurd the way in which the global grain production was being allocated was simply in comprehensible situation unbearable to everyone save a bunch of profiteers. was us. this is buying this way this is cell cancer this way. this is a curve south of the i'm trying to you're bidding a quarter of a cent this would be off the halfs. was.

mr victor lespinasse as a player on the chicago grain markets. the chicago grain market is different from other stock markets as we know them well i'm here it is for. that is bought and sold wheat corn rice soya olive oil milk animal entrails and even pigs stomachs of thanks however might be at the desk in you finishing order into the pit hotel your broker hope by . two hundred at the market. will buy the two hundred and then he'll flash you back what two hundred and say. seven and a half. hour you could say you could tell him cancel the order. was

was was were the chicago grain market is the biggest in the world and it sessions largely to find the prices of the food he put on the table every day i was it was created in eight hundred forty eight as an open and loud auction where the area's farmers would sell their crops to merchants. as cactus hasn't changed much since then but the economy's ethics definitely have. i know they were the guys . i.

guess everything has. this is the sound we gain respect like this please. absolutely unless we're going to presume to stay. silent tsunami. hitting in one place this is something that knows no borders. on the receipt meeting of the heads of u.n. agencies turned to the crisis summit as the world cup's the cost of.

living. how. many cases have come to me my traditional patient from hunger. could keep me from the. company's essential hope and trying. to.

see why. i. was injured and rest in light spots i'm losing sleep last night. the song rest for the two points song beats had severely breaking both his legs my son called or called speak now my son is dying thank. you. thank you. thank you. thank you. warming and biofuels have been accused of causing the food shortages that led to a dramatic increase in the prices.

unpredictable drought some astroid rice and wheat crops well a big part of the u.s. corn harvest is turned into fuel for cars and not for people. the classic theory of supply and demand offers a limited explanation as to why over the course of two years the prices of rice have gone up by two hundred seventeen percent of week by one hundred thirty six percent of corn by a hundred and twenty five percent of soya by one hundred seven percent there are sort of theoretical ways ascribing to say it's greed and there's practical ways ascribing to say this capitalism. is certainly a food system which. has always been somewhat corrupt and is now at this point perhaps more prices and more corrupt with everything for history. in wealthy countries an increase in food prices means more expensive products in the supermarket however in poorer nations it means hunger and death as most people

cannot afford them. i don't know that's that doesn't enter into my thinking i don't know i don't think about that i just i'm trying to figure out what the market's going to do. rather it was logical or not to me is beside the point. because what counts to me is what is the market's reaction going to be because i'm a speculator i'm trying to make money off the the movement in the price of grain. prices maybe may have become a little. may have become too extended but the market acts really quite rational

and it just takes some time for that rationality to come to fruition and to correct . until the market has corrected another seventy five million people were added to the list of the planet starved raising the total number to nine hundred twenty three million. and this happens at a moment when there is more production than ever in the last decade and there is still enough food to properly feed all the inhabitants of this planet or people have argued that it's because of increased demand for for meat and dairy products and india and china that's simply not true is superficially a negligible consideration. it is because of speculation because it's a commodity that everybody's of madi like light silver or gold they can be negotiated and hoarded to some degree and we're seeing that you can place the high rise up. is because food has been put on the building the scene of this is believed

that's not stuff that's abandoned we have to bring food out of the international trading system we have to bring food back into national and local for itself and it's. while yet. yes. that's right.

india is the world's second biggest rice producer following china it is also third in terms of wheat production. so it would be expected to find low hunger and malnourishment indicators in india. yet there are more people starving in this country than anywhere else over two hundred million pounds to complete the paradox they are mostly farmers. families while growing up away. because the grade is being sold to be about the debts but that doesn't seeds this negative that would watch it as a whole it is the reason the world.

will. excuse her kids from. all. the magic pradesh states has the highest levels of child malnutrition and therefore the country's highest infant death rates. the situation is as critical as a. africa's ethiopia. might be six per cent of the children we have money that is to india and this is been. good but the next one family and so that in many people the sixty percent and you can convert them into you know what about six minutes into the one hundred people. so these children have more probability of dying from normandy and fifty percent of

the under frame are going to be given money. and the crisis has done but the front p.p.b. to be put to use earlier is also good because i'm going to say got it back on the internals on simpson but it's from doing that but. dr van den i go well works for unicef. the organization has set up feeding centers in cities and villages in collaboration with the government. cannot manage. their voluntary workers monitoring the children's weight and health i think you could. go. on think off. if. they are in charge of

feeding them since their families are too poor to do so you. know this is a typical case will see that a lot of these children. how much the city she works in feel good morning she lifted it up will she be better i don't have a. but. there we will need to complete it she just had to but this is morning and it's a pity in that it could work if you're bored for nineteen months or be. its effect while it actually is a bit thin and last year and its mission the it is actually. the hundred not about arms or branches and their general but his hundred. that indicates that the soldiers didn't see via the actual market each day and he needs

to show you. that you i'm very good treatment. believe me you will leave me in. you. i don't party is how can we get tries before five queues of which cost three four rupees now they cost five to sixty rupees how can people buy out. if there is only one person working in the family how he can only get so much so what can the people do ask for a loan should the buy vegetables should we buy wheat we also need money for doctors don't we need money to go to the mill you did nothing with five killers of wheat what can one buy with just one salary. states.

poor people have a big problem well very warry and you can see now they don't have one two children and they can't even take care of them the children are always hungry the situation is dramatic. what can the poor do spend money on doctors not feed their children well very worried. that. if i vote more negative model i get sixteen rubles about one euro a day. bigger than i spend forty to forty five rupees a day. or nothing.

in the market the prices are very high. a kilo of oil costs eighty rupees it is very hard for us to buy it appealed five kilos of wheat or sixty rupees. prices have gone up a lot since last year. if there is one person working and we eat twice a day there is nothing left. for lame olive garden we can eat less and have ability but the children can be left without food on a little while of the layout ahead. a few things other than a coming a little. bit of the. i am. now cause.

was. the residents depend on the state for food. in every town and village little state shops have been set up selling food at very low prices. google know a little bit with ninety rupees we buy thirty five kilos of food and we get along with that we go to the shop with our family coupon and they give us the equivalent amount. and. this is the biggest eight provision program in the world. we're made in the course of treatment so we don't want to be pork or go look for a few million pounds of meat and raise our voice and we're told all classes sixteen million tons of food goods which meets the focus of india the biggest food greens trading company in the.

in one thousand nine hundred seven india was forced to adapt its national provision system to the commands of the world bank and the world trade organization. writing cheap food to the people was against competition and the free market. as a result there was greatly reduced we had a university food distribution system at p.b.s. the world bank forced us to dismantle it as long as the system was in place the farmers had a guarantee that. everyone could agree to affordable food piece of paper ash in part because india's identity with that ration card you could walk to your corner shop and get one on two kilos of. the world bank dismantle that so that the corporations would get the market that's right hundred to be the

fifteen years ago that's like seventy percent of india's children are malnourished well india as appropriate. at the same time the world trade organization convinced india into canceling the limitations imposed on imports so important products flooded the market causing considerable damage to india's farming economy. before we were going to have produced the ninety's own postings of what we're believe in your importing only thirty percent would know we are importing forty seven percent said example almost sorry. when food prices rocketed india like other countries limited to its exports in order to feed its own people i will foster this possibly abuse problem. so if the prices of the country are going to walk we were doing all the measures going for the stability of places within the country so we really think he would go back on.

the export of off rice for some time so that the prices go stagnate. this provoked the wrath of the world trade organization which accused the country of causing a lot of damage to the free market now i thought it was an utterly illogical decision was a very bad decision in a world where free trade is is always trying to grow and the world is smaller and trade is becoming freer i think that the process that india adopted was really. quite illogical. was the were mr lisbon i'm scambos with first. thousands of tonnes of rice and wheat in the future in other words a by his crops that don't get exist you're not trading the actual cash physical

grain you're trading promises for grain to be delivered a month or six months or twelve months or eighteen months in the future so you might be trading grain that actually exists but you might just as well more often be trading grain that doesn't even exist yet. so you're trading promises and you're trading back and forth and if you make a promise to buy at a certain price at a certain time you can townsell that by selling that same contract back into the market and that's what happens with most contracts are never actually delivered upon perpetrated back and forth and they cancel each other out.

tom has been here broadcasting live from washington d.c. coming up today on the big picture. the official empty house location on the phone only pulled touch from the stops to . watch on t.v. lights on the go. video on demand all season long cold calls and all residents feeds now in the palm of your.

question on the call wealthy british scientists some time. well. markets finance scandals find out what's really happening to the global economy with months cause or for a no holds barred look at the global financial headlines tune into kaiser report on our feet. we'll. bring you the latest in science and technology from around the brush. we've dumped a few jerks covered. if.

any of his evenings. fifty. six.