Snow Job: China gets snowed under, YOU suffer
Last year China claimed that they had CREATED an artificial snowfall. The boasted that they launched artillery shells into the atmosphere with enough silver in it to cause snow to fall on drought-stricken Tibet (Silver-what can't it do?). Maybe war IS the answer, no?
Flash forward to right now, when central China, the nation's bread basket, is completely blanketed with an unheard-of 2 and a half feet of snow. China's vegetable crop, which largely relies upon green-houses, is completely wiped out for the year (ALL the greenhouses supposedly collapsed), and its grain crop's future is uncertain.
And this is all going to make YOUR life a pain in the neck.
Now I'm assuming here that I don't have too large a Chinese readership, but for any Chinese out there reading this, my thoughts and prayers are with you. But no, most of you are probably in the United States, and are asking yourselves, "why do I care about the snow-falls in China?" I mean, it's not like we import all of our vegetables from there, and it's not like we can't feed ourselves....
Ah, but we do buy a great deal of our food on foreign markets, much of it coming from South America, a lot of it coming from Europe (Italy is the world's largest exporter of Organic food). Maybe we don't buy from China, but soon, VERY soon, China will be shopping in the same markets we are.
China, in order to feed its hungry, affluent urban population, will look to the same markets we look to for food, and they will start buying up vegetables and grains that we might otherwise buy. Prices will go up for what food is availble, and given the state of our economy (and the value of the dollar), we're not likely to be able to get the food we're accustomed to eating at the prices we're accustomed to paying.
Globalization makes a lot of sense to American business owners, provided we have the greatest buying power. But now that we're not at the top of the food chain, we may want to re-appraise our stance on free trade, since there has NEVER been a greater misnomer.
I'm very curious about what our president will say in his up-coming State of the Union address about Inflation. Anyone doubting that we're in an inflatory period hasn't been paying attention to the price of food, which makes sense since the government's measure of inflation ignores food (and oil) prices. Inflation is very real, and tied to many strange things, like snow-fall in China.
There's the old saying that it's tough to measure the effect that a butterfly's beating wings on the other side of the Earth has on the weather, but there is SOME effect. Consider yourself effected by something a bit larger than a butterfly flopping about over there.
-Ian, peeled skinny, soon to be skinnier

