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tv   [untitled]    March 4, 2011 5:30am-6:00am EST

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it's sometimes. hard. to. market why not. find out what's really happening to the global economy in the record. as a pos now i have that mostly this is all to me is washington news will ships and troops close this in libya there's growing concern with the u.s. and the u.k. could lead in military intervention in the country president obama said he's keeping all options open and is ready to hunt for crisis to books. as revolt so wrong that cools in the middle east and north africa pay all companies are being recruited to wash away the blood it seems britain spin dalton's of a choice for revamping
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a sullied image. on the next i assess the crew is all set for an out of this world is that under growing final examinations we also for the sake of plays on the fiftieth anniversary of france first live in suspects. next we investigate how corporations control of a world food supplies of thousands of people starving to death. was . i had to describe chicago's food market for theater play up was i thought it would be easy to get the necessary information by asking a few specialist stockbrokers. who was who was
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was. 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. i began to 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 by this way this is cell cancer this way. this is
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a sample of the type trying to your bidding a quarter of a cent this would be off. was . mr victor lespinasse as a player on the chicago brainwashes. chicago grain market is different from other stock markets as we know them well i'm here it is. food that was bought and sold wheat corn rice soya all of oil milk animal and fields and even pigs stomachs i'm faithful s. might be at the desk and you fiction order into the pit you tell your broker hook up by. two hundred at the market. will buy the two hundred and then hell flashing back you know what two hundred and say. seven and
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a half. hour you could say you could tell him cancel the order for us was was was the chicago grain markets is the biggest in the world and it sessions largely to find the prices of the food we put on our table every day was it was created in eight hundred forty eight as an open and loud option where the area's farmers would sell their crops to merchants. as practice hasn't changed much since then but the economy's ethics definitely have. the size
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. i. guess everything has a so. this is the sound we go again the specter of widespread. the socialist president seascape. what i call a silent tsunami. hitting. this is something that knows no borders. on
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the road to receive meeting of the heads of u.n. agencies turned to look crises summit as the world cup's the cost of. how. many cases have come to be my traditional dishes for hunger. because these central plateau. have become.
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so why i. should rest in spots rising food prices. it is all rest they took place beats him severely breaking both his legs my son cold war cool speak now my son is dying. thank you. thank you. global warming and biofuels have been accused of causing the food shortages that
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led to a dramatic increase in prices. unpredictable droughts have destroyed rice and wheat crops while a big part of the u.s. corn harvest is turned into fuel for cars and not for people. classic theory of supply and demand offers a limited explanation as to why over the course of two years a prices of rice have gone up by two hundred seventeen percent of weeks by one hundred thirty six percent of corn by one hundred twenty five percent and of soya by one hundred seven percent there is sort of theoretical ways described greed and there's practical ways is thriving to say this capitalism. or food system which. has always been somewhat corrupt. is now at this point perhaps more crisis and more corrupt than ever before here but history. in wealthy countries an increase in food
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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 unfriend a figure out what the market's going to do. whether 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.
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prices maybe it may have become a little. may have become too extended but the market acts really quite rationally it just takes some time for that rationality to come to fruition and to correct. until the market was 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 moments 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 and people have argued that it's because of increased demand for for meat and dairy products and that's simply not true or superficially a negligible consideration. it is because of speculation because it's a commodity that food is a commodity like like silver or gold that can be negotiated and hoarded to some
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degree and we're seeing that taking place the highlights of what is because food has been put on the global scene and this will eat that's not it's not a show that's a pan and we have to bring food out of the international trading system we have to bring food back into national and local itself and it. was yet. but. let's get some. things since.
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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 malnutrition 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. follows one rolling off. because grain is being sold the chemicals and seeds this negative ad repulsion as i call it is the reason behind.
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it this is a situation. that. is the. pradesh state has the highest levels of child malnutrition and therefore the country's highest infant death rate. the situation is as critical as a. africa's ethiopia. but the six per cent of the two hundred one that is to be yes this is the. good but the next in family has been in multiple of these sixty percent and you can convert them into no multiple six minutes or. more to the month
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that. these children have more probability of dying from normandy and fifty percent of the free market is usually money. when the price is done but the product the bits be put to use only it is also has the goods and we decide that it impacts on the internal consumption by each family member. dr van den i go well it works for unicef. the organization has set up feeding centers in cities and villages in collaboration with the government. and you know. there are voluntary workers monitoring the children's weight and health. care. but . i am thinking.
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they are in charge of feeding them since their families are too poor to do so you. know this is a people see that a lot of these children. are mother city she votes in feel good morning she left at home it took will actually be better than the. then we will need to complete it she just had after purposes of mourning. because the baby in there because what we feel for the boy maybe once or didn't. it is see if the quality of here exhibit in a spot here and hyperspatial be it is actually the crowd.
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who can. see her made up about on circumstances and their joy on the news hundred and. that indicates that this job is in c.v. and the if you like that is just and she needs you they've got perfect that you've made it completely. mean you believe you will leave the. leak you. i don't always cheer parties how can we get tries before five. three four rupees now they cost fifty six to rupees how can people buy it. 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 buy vegetables should they buy wheat we also need money for doctors
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don't we need money to go to the mill you do nothing with five kilos of wheat what can one buy but just one salary. states. very poor people have a big problem well very worried you can see now people have one two children and they can't even take care of them the children are always hungry this is ration is dramatic. what can the poor do spend money on the tourists out feed their children well very worried. that. if i back monitor the model of i get sixty rubles about one euro a day. i spend forty eight to forty five rupees
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a day. about. buying 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 sixteen rupees. prices have gone up a lot since last year but. 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 less of it again but the children can be left without food on a little while of the layout i had. just finished. up on a comical little of a vehicle. that
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. was. just. 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. good and the little 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. this is the biggest a provision program in the world. to me to the corporate man so we have all of the border god love her family in terms of even great power and work on all classes
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sixteen million pounds of food goods which makes a full court press 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. providing cheap food to the people was against competition and the free market. as a result beard was greatly reduced we heading into the six food distribution system b.d.'s the world bank forced us to dismantle it as long as the system was in place the farmers had a guarantee. everyone had a gravity to affordable food piece of paper a ration card because india's i didn't go out with that ration card you could walk to your corner shop and get the one on two pills of. the world bank
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dismantle that so that the corporations. that's right the last hundred to leave the thousand years ago that is about seventy percent of india's children are malnourished but india has appropriate numbers and. at the same time the world trade organization convinced india into cancelling limitations imposed on imports. so important products flooded the market causing considerable damage to india's farming economy. before. we were going to have reduced the monkeys on percent of the public and yes in boarding only people sent would know importing or to stay on course and he said we didn't cope well mostly. when food prices rocketed india like other countries limited to its exports in order to feed its own people i will foster
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responsiblities for our own people so the of the places within the going to sleep in the water we were doing all the missions going for this community in the places we're going to go so we really believe with a ban on. the export of off rice for some time so that the prices go stable. this provoked the wrath of the world trade organization which accused the country of causing a lot of damage to the free market and 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 adopt that was really. quite illogical. was the mr lisbon i'm
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scambos with foods. of tons of rice and wheat in the future in other words crops that don't yet exist gernot trading the actual cash physical grain or 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 a certain price at a certain time you can tassel that by selling that same contract back into the market and that's what happens with most contracts they're never actually delivered upon are traded back and forth and they cancel each other out.
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wealthy british scientists and. sometimes. markets why not come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to cause a report on our cheap. lives up to spain to the protean republic. the center of russian defense production
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