The Global Economic Crisis: The Great Depression of the XXI Century

“As Tunisia’s government collapsed under the protests of its citizens, in part spurred on by dramatically increasing food prices, with protests spreading to more countries in the region and around the world, this excerpt from the most recent publication by Global Research, “The Global Economic Crisis: The Great Depression of the XXI Century,” provides an insight into the background of the current crisis:

The sugar-coated bullets of the “free market” are killing our children. The act to kill is instrumented in a detached fashion through computer program trading on the New York and Chicago mercantile exchanges, where the global prices of rice, wheat and corn are decided upon.

People in different countries are being impoverished simultaneously as a result of a global market mechanism. A small number of financial institutions and global corporations have the ability to determine the prices of basic food staples quoted on the commodity exchanges, thereby directly affecting the standard of living of millions of people around the world.

Spiraling food prices are in large part the result of market manipulation. They are largely attributable to speculative trade on the commodity markets. Grain prices are boosted artificially by large scale speculative operations on the New York and Chicago mercantile exchanges.”

http://www.globalresearch.ca/index.php?context=va&aid=22926

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