[Vnbiz] Global food riots turn deadly

Sat Apr 12 13:37:33 PDT 2008

Hi Binh,
   I believe that the times of "enough", as you describe it from 20 
years ago, will return. Not only to Vietnam, but to the World.

   With the possible, some might say probable, or even inevitable 
"meltdown" of the "rich" economy, people who have the means to actually 
produce something that is universally necessary for the continuation of 
the human species will "suddenly" become very important.

  It might be a communist's "dream" that the capitalists "so ruined the 
world that the productive peasants came to power"!

   All this ranting and raving in the press and online about stock 
markets, inflation, GDP, FDI, CPI, are alien to me. I use my knowledge 
and skills to earn money from the "global capitalist economy", ... and i 
promptly use that money to help my family grow things to eat, buy more 
land, and grow more things for other people to eat!

   No human can live for very long without anything to eat, but we can 
live forever without a stock market ... any body know of a person who 
lived on eating stock certificates only??? The deeds to an unproductive 
piece of land??? Leave me alone with 40sqm of land and I can sustain 
myself, and probably help a few others, until The Bhudda tells me to 
rest. Give me 40 million shares of company XYZ, and I am TOTALLY at the 
whims of factors I cannot control.

    Bottom Line:  Production of necessary commodities, i.e. food, are 
beginning to move back to their necessary position as equal to, or 
slightly above, the short-term "money-go-round" of stock markets.

   If you want to "win on both counts", invest in stocks that rely on 
food production ... and dig up the concrete in you "look how rich I am" 
villa, and plant ... FOOD!

Shane
----------------------------------------------------------------------
Mr. Shane Wall
Managing Director

Trans Lingual Express
188/16 Nguyen Thuong Hien St,
P.1, Q. Go Vap, HCMC,
Vietnam

Mail: shane.wall at translingualexpress.com
Web: www.translingualexpress.com

Ph: +84 (8) 588 1701

Mbl: +84 (090) 9484 753 (English)
Mbl: +84 (090) 7885 375 (Vietnamese)

Vu The Binh wrote:
> [ Vietnam Business Forum ]
>
> OK anh Shane,
>
> It's funny ;-) we already thought about "self-service" economy, which 
> was here in Vietnam 02 decades ago, when people can plan their own rice, 
> vegetables and have some pigs, chickens at home. It's enough :-)
>
> However, now many farmers lost their lands as they sold it to the 
> projects funded by money from the "rich", as you mentioned :-)
>
> Nice sleep and sweet dream,
>
> Binh.
>
> Shane Wall wrote:
>   
>> [ Vietnam Business Forum ]
>>
>> Hi anh Hoanh,
>>    You write about some extremely serious issues that could become "very 
>> ugly" in many places of the World. While respecting that, I just want to 
>> try to give everybody a reason to smile. A caution though, I have a very 
>> "strange" sense of humor:
>>
>>    Ultimately, it looks like the rich, globalizing 
>> people/nations/companies/?, "won the money", and the peasants on the 
>> land only had their food to offer to the world. Now it looks like maybe 
>> the peasants will have to eat their own food instead of selling it to 
>> the rich, and so that will leave the rich with only their money to eat!!!
>>
>>    My VN family's small land holdings is certainly enough for us to 
>> survive any crisis for 1-2 years (if we scale back to subsistence 
>> management), so we won't go hungry. I wonder how long the 'unproductive 
>> rich' can survive on a diet of metal coins, polyester currency and paper 
>> share certificates?
>>
>> Shane
>> ----------------------------------------------------------------------
>> Mr. Shane Wall
>> Managing Director
>>
>> Trans Lingual Express
>> 188/16 Nguyen Thuong Hien St,
>> P.1, Q. Go Vap, HCMC,
>> Vietnam
>>
>> Mail: shane.wall at translingualexpress.com
>> Web: www.translingualexpress.com
>>
>> Ph: +84 (8) 588 1701
>>
>> Mbl: +84 (090) 9484 753 (English)
>> Mbl: +84 (090) 7885 375 (Vietnamese)
>>
>>
>>
>> Tran Dinh Hoanh wrote:
>>     
>>> [ Vietnam Business Forum ]
>>>
>>>   
>>>
>>> ------------------------------------------------------------------------
>>>
>>> Dear CACC,
>>>  
>>> Below is an article on the  Washington Times (April 10, 2008) about 
>>> global food riots.  VNExpress also has a number of pictures on these 
>>> riots at
>>>  
>>> http://vnexpress.net/Vietnam/The-gioi/Anh/2008/04/3BA013AC/ 
>>>  
>>>  
>>> Vietnam is very lucky that we haven't got any riot yet, and let's hope 
>>> that we won't.  All the economic issues we are facing 
>>> currently are global in nature:  Food shortage due to draught and 
>>> water shortage, gasoline price increases (due mainly to 
>>> OPEC), a global recession (due mainly to the US economic sluggishness, 
>>> but I am not sure whether it has other causes like global economic 
>>> cycle). 
>>>  
>>> Right now inflation is secondary problem.  As you see in this article, 
>>> food security is the primary concern.  Then inflation. 
>>>  
>>> And of course we have the threat of cholera.  I wonder why Vietnam has 
>>> so many serious health threats in recent years.  Are the Ministry of 
>>> Health and Ministry of Agriculture & Rural Development really doing 
>>> their job? 
>>>  
>>> Have a great day!
>>>  
>>> Hoanh
>>> _____________
>>>  
>>>  
>>> http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20080410/FOREIGN/401836215/1001
>>>
>>>
>>>     Global food riots turn deadly
>>>
>>> By David R. Sands <mailto:dsands at washingtontimes.com>
>>> April 10, 2008
>>>
>>>
>>> <javascript:NewWindow(600,400,'/apps/pbcs.dll/misc?url=/templates/zoom.pbs&Site=WT&Date=20080410&Category=FOREIGN&ArtNo=401836215&Ref=AR&Profile=1001');>
>>> DESPERATE TIMES: Men accused of looting near the presidential palace 
>>> in Port-au-Prince are put in a police vehicle in Haiti yesterday. The 
>>> rise in global food prices has caused thievery and riots, as well as 
>>> fatalities.
>>> ------------------------------------------------------------------------
>>>
>>> Anger over spiraling world food prices is becoming increasingly violent.
>>>
>>>
>>> Deadly clashes over higher costs for staple foods have broken out in 
>>> Egypt, Haiti and several African states, and an international food 
>>> expert yesterday warned of more clashes with no short-term relief in 
>>> sight.
>>>
>>>
>>> "World food prices have risen 45 percent in the last nine months and 
>>> there are serious shortages of rice, wheat and [corn]," Jacques Diouf, 
>>> head of the Rome-based U.N. Food and Agriculture Organization (FAO), 
>>> said at a major conference in New Delhi yesterday.
>>>
>>>
>>> "There is a risk that this unrest will spread in countries where 50 to 
>>> 60 percent of income goes to food," he said.
>>>
>>>
>>> U.N. Secretary-General Ban Ki-moon issued a personal appeal for calm 
>>> in Haiti yesterday. U.N. peacekeepers were called to protect the 
>>> residence of President Rene Preval from rioters protesting sharp 
>>> increases in the prices of food and fuel. At least five people have 
>>> been reported killed in disturbances since last week after the cost of 
>>> rice doubled and gas prices rose a third time since February.
>>>
>>>
>>> A supermarket, several gas station marts and a government rice 
>>> warehouse were looted, the Associated Press reported.
>>>
>>> *Video:* Haitian leader's pleas fail to stop riots 
>>> <javascript:void(window.open('http://video.ap.org/vws/search/aspx/ap.aspx?t=s59&p=ENAPworld_ENAPworld&g=0409dv_haiti_protests&f=dctms','_blank','width=788,height=598,status=1,scrollbars=1,resizable=1'));>
>>>
>>>
>>> Egyptian Prime Minister Ahmed Nazif this week promised concessions to 
>>> workers in the industrial city of Mahalla al-Kobra after two days of 
>>> rioting over rising food prices left one protester dead.
>>>
>>>
>>> The clashes were described as the most serious anti-government 
>>> demonstrations since 1977 riots erupted over soaring bread prices.
>>>
>>> The FAO has reported popular unrest over rising food prices in Burkina 
>>> Faso, Cameroon, Indonesia, Ivory Coast, Mauritania, Mozambique, 
>>> Bolivia and Uzbekistan, among other countries.
>>>
>>>
>>> The Philippines, the world's biggest rice importer, moved to head off 
>>> protests after global prices doubled in a year. Financial giant Credit 
>>> Suisse yesterday reported that higher rice prices would cut the 
>>> country's gross domestic product this year by at least 1 percent.
>>>
>>>
>>> The government of President Gloria Macapagal Arroyo tightened controls 
>>> of domestic rice sales and strengthened security at government 
>>> storehouses to prevent hoarding. Anyone convicted of "stealing rice 
>>> from the people" will be thrown in jail, she warned.
>>>
>>>
>>> U.S. Ambassador Kristie Kenney yesterday said the Bush administration 
>>> would offset any rice shortfall with cuts from other exporters.
>>>
>>>
>>> World Bank President Robert B. Zoellick said earlier this month that 
>>> nearly three dozen countries face social unrest because of surging 
>>> food and fuel prices. For the countries most at risk, "there is no 
>>> margin for survival," he said.
>>>
>>>
>>> Josette Sheeran, executive director of the U.N. World Food Program, 
>>> was in Washington last month making an urgent appeal for funds to 
>>> compensate for rising prices.
>>>
>>>
>>> "We're asking for the world to really think through how we meet the 
>>> emergency needs of the hungry," Ms. Sheeran told The Washington Times.
>>>
>>>
>>> Even the most repressive regimes are not immune to popular unrest. The 
>>> spark for rioting against the military junta in Burma last year was a 
>>> rise in food and fuel prices after the government abruptly removed 
>>> subsidies.
>>>
>>>
>>> International agricultural analysts have seen the crisis building for 
>>> months, spurred by an unusual combination of forces that John Holmes, 
>>> the chief U.N. humanitarian official, this week called a "perfect 
>>> storm" of trends fueling demand, cutting supply and producing higher 
>>> global grocery bills.
>>>
>>>
>>> Among them: higher fuel prices that make transporting food more 
>>> expensive and encourage farmers to shift from crop production to 
>>> biofuels; rising food demand as China, India and other Asian countries 
>>> grow wealthier; drought in major producers such as Australia; and 
>>> speculation on major commodities markets that staple prices will stay 
>>> high.
>>>
>>>
>>> Mr. Holmes predicted at a conference in Dubai, United Arab Emirates, 
>>> that the situation will spill into the political arena.
>>>
>>>
>>> "The security implications [of the food crisis] should not be 
>>> underestimated, as food riots are already being reported across the 
>>> globe," he said. "Current food prices are likely to increase sharply 
>>> both the incidence and depth of food insecurity."
>>>
>>>
>>> Ms. Sheeran told The Times that her agency was $500 million short for 
>>> the current fiscal year in meeting needs to relieve the global food 
>>> and fuel crises.
>>>
>>>
>>> "We don't have the buffering space" to cover such sharp increases in 
>>> the cost of basic staples, she said.
>>>
>>>
>>> Analysts say the price increases are across the board, not focused on 
>>> one crop or market as in past commodity patterns.
>>>
>>>
>>> A survey released by the Washington-based International Food Policy 
>>> Research Institute found that the price of staple food has risen by 80 
>>> percent since 2005, including a 40 percent surge last year alone. The 
>>> real price of rice is at a 19-year high and the price of wheat on 
>>> world markets is at a 28-year high.
>>>
>>>
>>> "The realities of demography, changing diets, energy prices and 
>>> biofuels, and climate change suggest that high — and volatile — food 
>>> prices will be with us for years to come," said study author Joachim 
>>> von Braun.
>>>
>>>
>>> It is not just the poor who have taken to the streets over rising food 
>>> prices.
>>>
>>>
>>> Workers at the U.N. Relief and Works Agency in Jordan staged a one-day 
>>> strike Monday to demand higher pay to cover rising food and gas 
>>> prices. The action closed 177 schools for Palestinian refugees.
>>>
>>>
>>> The U.N. staffers say they are prepared to walk off the job again next 
>>> week if they do not get a pay raise.
>>>
>>>
>>> *Surging prices have led to food riots and protests around the globe.*
>>>
>>>
>>> EGYPT — Violent protests this week over soaring food prices left one 
>>> dead and 15 injured.
>>>
>>>
>>> HAITI — Five people were killed and about 20 injured in a week of 
>>> protests, including an attack on U.N. peacekeepers.
>>>
>>>
>>> CAMEROON — Violent food riots in February claimed 40 lives, and 
>>> protests continue this month.
>>>
>>>
>>> BURKINA FASO — A general strike is called this week over rising food 
>>> prices, after protests earlier this year led to hundreds of arrests.
>>>
>>>
>>> PHILIPPINES — The government beefs up security at rice warehouses to 
>>> prevent theft and hoarding.
>>>
>>>
>>> JORDAN — U.N. aid workers stage a one-day strike for more pay to cover 
>>> food and fuel price increases.
>>>
>>>
>>> BURMA — Cuts in fuel and food subsidies sparked massive 
>>> anti-government protests last summer.
>>>
>>>
>>> • /This article is based in part on wire service reports./
>>>
>>>
>>> -- 
>>> Tran Dinh Hoanh, Esq., LLB, JD
>>> Washington DC
>>> ------------------------------------------------------------------------
>>>
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