Wal-Mart Rations Rice, this is out of control...

[KINGOFSHORTS]

I laugh at the fools buying gold and silver when Rice is the commodity to stockpile for future barter.

 

[TraderZones]

Quote from Arnie:

Probably not a bad idea to have a few weeks supply of food on hand, just in case.

I do - its called "my gut"

 

[TraderZones]

Quote from KenL:

Went to Costco Monday to buy some rice because I'm nearly out, but no dice, empty shelf. Called them this morning few minutes before open and the good man told me they got 45 bags today, I told him I'm there.

Go to the ethnic (eg, Indian) stores. Man selling 40 pound bag of imported rice for $27. And there was NO shortage... Rice up the walls...

 

[thegazelle]

OMG!

People hoarding on craigslist

http://newyork.craigslist.org/brk/bar/650982972.html

They must be working on some sort of genetically engineered version too, electrical rice :

http://newyork.craigslist.org/brk/bar/650982972.html

 

[blackchip]

There's no food shortage as long as McD's sells double cheeseburgers with real meat product and real cheese product for ONE DOLLAR.

That's right ONE DOLLAR.

For REAL MEAT PRODUCT and REAL CHEESE PRODUCT.

And it's DOUBLE.

Beat that.

 

[arealpissedgoy]

Quote from S2007S:



The World Food Program called the recent run up in prices of rice and other basic commodities a “silent famine.”



You can thank american hedge funds using insane leverage for this. Pretty much every commodity has more contracts outstanding than there is allowable physical deliverables.

Interestingly enough, the US congress deems it necessary to increase farm subsidies so people don't grow crops. Add in the retarded ethanol subsidies , burning food to drive your 10 mpg SUVs. The greed factor in US financial markets is out of control.

 

[Feyd]

Sounds like it's really getting bad out there... you can only buy EIGHTY POUNDS of rice per trip to Sam's Club now.

 

[Mercor]

Quote from Feyd:

Sounds like it's really getting bad out there... you can only buy EIGHTY POUNDS of rice per trip to Sam's Club now.

No kidding....I don't even know what to do with a 20lb bag of rice.
Helps traction in the snow.

Some of these households have 20 or 30 people living in them at 80lbs per trip I guess it adds up

 

[Yuguru]

Just hope when the idiots buying all this rice,realize this is a big hoax that they will donate to the poor. This hoax is brought to by the broken commodity markets. Contract(postion) limits and margin requirments must be changed to slow this specualtion.

 

[Wayne Gibbous]

Just get the brown rice. Plenty of that.

Takes 45 minutes to cook the stuff, but it's better for you!