I was struck by a fascinating web post this week reporting that, as a country, we're consuming sharply declining amounts of wheat products. Given the vast numbers of Big Macs, Subway sandwiches and Domino's pizzas we buy every day, it seemed counterintuitive.
These days, gluten-free baked goods and pastas can't be distinguished from their wheat-based brethren. We've come a long way from the days of rice cakes and dried fake bread! Visit these bakeries, restaurants and shops and feast!
There's a revolution brewing on the plains of Kansas. For the past 30 years Wes Jackson, founder of The Land Institute, has been working to correct a major step in the wrong direction by the founding fathers of farming -- when they chose annual grain crops instead of perennials.
In much of the world, that daily loaf of bread often stands between the mass of humanity and starvation. If recent upheavals were not "resource conflicts" in the formal sense of the term, think of them at least as bread-triggered upheavals.
It is clear to see why investors place so much emphasis on the oil price as a dictator of Russia's financial health. Supplying some 11.4% of the world's oil supply last year, Russia is the "biggest single source outside the OPEC cartel."
A plague of locusts of biblical proportion has hatched and is growing as Australia, the fourth largest grain exporter, has gone form 13 years of bone-dry drought to the wettest September since the inception of record keeping in 1860.
A policy that makes fortunes for commodity traders, for hedge fund operators, for the gold and silver crowd while squeezing 90% of the nation is a terrible price to pay for replacing deflation with inflation.