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Friday, February 11, 2011

Global food prices fuel riots in 3rd world but swells coffers of Goldman Sachs

Goldman Sachs is part of the ‘shadow government’, revolving door between GS executives and US government cabinet positions no matter which party occupies the Oval Office

Food crisis benefits Goldman Sachs

We're in the midst of a global food crisis — the second in three years. It's one factor fueling uprisings and protests in Tunisia, Egypt, and elsewhere. World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils.

Contributing Editor for Harper's Magazine Frederick Kaufman warns there's a direct link between the sky rocketing cost of food and Wall Street, particularly Goldman Sachs who own major shares of food commodities.

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