Blame Ben the Pawn for Rising Rice Prices

On Happy Hour for weeks, we've been all over the rice hoarding and food riots. News that Sam's Wholesale is limiting sales of rice is either a perfect top indicator in a mis-perceived "shortage" of food that's actually just a figment of all you momentum traders and commodity bulls (most of whom are just mindless speculators chasing the latest trend on Wall Street).

Or this really is the start of something that we all should be VERY worried about, as hoarding of grains is about to hit the developed world for the first time in decades.

All of this, as I wrote earlier is the fault of the government, including the Fed. I have a new theory about Ben Bernanke's Fed being so willing to screw over the savers, renters and grandmothers of the world supposedly to try to "pre-empt" any possible downturn in the economy. All this printing of billions of dollars for the richest people on the planet down on Wall Street through rate cuts, socialization of capital risk by giving banks guaranteed Treasuries in return for who-knows-how-worthless mortgages, intraday liquidity injections, and so on, by the Fed is because Ben's just a pawn.

For all his faults, Greenspan was at least a free-thinking guy who didn't cowtow to Wall Street in the same way. Sure, Greenie fell for the Y2K scam and created all kinds of bubbles and transfered lots of wealth from savers and renters and grandmothers too...but at least it seems like he did it on his terms.
Ben seems to simply take whatever Wall Street's consensus has convinced him MUST BE DONE TO SAVE THE ECONOMY and put the pedal to the metal in implementing it. Now think about the conflicts of interest here:

The investment banks and Wall Street investors (the richest people in the world, actually, if you think about it how 90% of stocks are owned by 10% of the world or whatever the latest stat like that is) go to the Central Bank and explain to him that if he doesn't help them by printing all this free money and giving it directly to them that they're gonna be in big trouble. Oh, and therefore the common man is gonna be in big trouble.
Well, as the government always does when it redistributes wealth and tinkers with natural market forces, it turns out the most obvious unintended consequence of giving free money to rich people is BIG TROUBLE FOR THE COMMON MAN. Flip It, of course. This chart of the skyrocketing price of rice ain't good for grandma or the guy struggling with two jobs to keep his kids in a running car and a heated home with food on the table:

Blame Ben and the two fraternity parties that you guys keep voting into power for all this food trouble.