Jubilee21
June 7th, 2008, 12:27 AM
http://www.tristateobserver.com/modules.php?op=modload&name=News&file=article&sid=10121
There was more bad news today that may have been missed while watching oil hit new records and Wall Street take a dive..
AAM Concerned with CCC Inventories
WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.
“According to the May 1, 2008 CCC inventory report there are o*nly 24.1 million bushels of wheat in inventory, so after this sale there will be o*nly 2.7 million bushels of wheat left the entire CCC inventory,” warned Matlack. “Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief. Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve. The o*nly thing left in the entire CCC inventory will be 2.7 million bushels of wheat which is about enough wheat to make ½ of a loaf of bread for each of the 300 million people in America
(more at link)
If the proverbial cow manure hits the fan..this is how much "help" the government can give when it comes to feeding the masses after the store shelves get cleaned out..:faint
there will be no soup for the soup kitchen's either..
So many things coming to a head and so quickly...:shocked
if Wall Street see's a few more days like 6/5/08 I pray we do not see the windows used instead of the elevators to exit the building as back in the Great Depression..:pray
There was more bad news today that may have been missed while watching oil hit new records and Wall Street take a dive..
AAM Concerned with CCC Inventories
WASHINGTON - Larry Matlack, President of the American Agriculture Movement (AAM), has raised concerns over the issue of U.S. grain reserves after it was announced that the sale of 18.37 million bushels of wheat from USDA’s Commodity Credit Corporation (CCC) Bill Emerson Humanitarian Trust.
“According to the May 1, 2008 CCC inventory report there are o*nly 24.1 million bushels of wheat in inventory, so after this sale there will be o*nly 2.7 million bushels of wheat left the entire CCC inventory,” warned Matlack. “Our concern is not that we are using the remainder of our strategic grain reserves for humanitarian relief. AAM fully supports the action and all humanitarian food relief. Our concern is that the U.S. has nothing else in our emergency food pantry. There is no cheese, no butter, no dry milk powder, no grains or anything else left in reserve. The o*nly thing left in the entire CCC inventory will be 2.7 million bushels of wheat which is about enough wheat to make ½ of a loaf of bread for each of the 300 million people in America
(more at link)
If the proverbial cow manure hits the fan..this is how much "help" the government can give when it comes to feeding the masses after the store shelves get cleaned out..:faint
there will be no soup for the soup kitchen's either..
So many things coming to a head and so quickly...:shocked
if Wall Street see's a few more days like 6/5/08 I pray we do not see the windows used instead of the elevators to exit the building as back in the Great Depression..:pray