Itsonlymoney

Who's to Blame for the Commodities Boom?

There must be more responses to this state of affairs than just angling for a buck.

The worlds fisheries are in collapse, there is strong evidence we have reached peak oil, another billion babies are already calendered in, and water is the new champagne. Many people are anticipating some serious events on the horizon and commodity pricing is a sign, not the event itself.

Higher commodity prices due us all a favor by focusing our attention on the limits of our resources. Consumers in developed nations have had so much for so long with such ill effect that an awakening to scarcity at this juncture is a welcome event. Now it looks like we will be sharing the goodies with India and China as they appear likely to repeat many of our past mistakes and have the money to do so.

The question is not "who is to blame" it is "what are we going to do about it"?