Here Asia's governments are trapped. They did not start the subsidies game. They are not the ones destroying the world's monetary system (and
How high would food prices be without the $100's of billions per year in global, agricultural subsidies? High enough to drop 100's of millions more people below the poverty line (with a growing percentage of that total coming from Western societies), and to put (at least) 10's of millions of the already-poor on a direct path to starvation.
The manipulation of the entire global agricultural complex through excessive subsidization and artificially low prices can only have one possible outcome: a complete collapse of inventories; a global food-availability crisis; and a much, much greater explosion in prices than if there had never been any of this subsidization.
Naturally the corporate media tells us none of this. It's always "bad weather" here or "drought" there, and rarely any long-term data to provide readers with any sort of clear, overall perspective. However, rarely (if ever) does the entire world experience benign weather for even a single growing-year. And multi-decade lows in inventory levels do not arise from "one drought."Understand the futility of this game. The suppression of global agriculture (and food) prices is intended to hide the total collapse in the value of our paper currencies; because it is the collapse in confidence that such a price-spiral would induce that is the inevitable trigger for hyperinflation. However, with the only possible end-result being an even more-mammoth price-spike, and thus an even more-mammoth collapse in confidence in the bankers' debauched paper; they will inevitably cause the very phenomenon that they are trying (so desperately) to prevent. With the final outcome a mathematical certainty, the only remaining variable is timing. Note too how this gross distortion of agricultural markets has greatly amplified the risk of short-term disruptions to the global food supply. With the U.S. now the world's, great Banana Republic (thanks to massive hand-outs to the agri-corporations); the U.S. currently produces roughly 1/3 of the world's corn and soya beans.