Food Runs At Walmart

by digby

Is this for real?

Food-related protests have been occurring worldwide, and in the U.S. now major discounters are seeing runs on products, particularly rice, as both Sam's Club, the Wal-Mart Stores Inc. operated discounter, and Costco Wholesale Corp. have seen shelves cleaned out of rice as consumers worry about higher prices. "It is just unreal what can happen when we get fear being spread as it is now, and when the general populace goes out and starts doing idiotic things like lining up at the Sam's Club and the Costco and not buying one bag but buying 10 bags just because they might run out," says Neauman Coleman, introducing broker at Neauman Coleman & Co. in Brinkley, Ark.

Sam's Club has decided to put limits (or rations, if you will) on the amount of 20-pound bags customers can purchase every week, and Costco earlier this week said it was considering such limits as well, which in a way is just as panicky a response. Even though July rough rice futures closed up 62 cents to $24.82 per hundredweight on the Chicago Board of Trade, Mr. Coleman says inventory figures show that the U.S. still has plenty of rice (this country exports a good deal of its rice), so the bubble-nature of this grain will recede over time. "It's fear and panic and pandemonium," he says.

This must be restaurants, right? Are average Americans really so tuned in to the news of food shortages in the rest of the world that they are panicking that they might run out of rice? Seems unlikely to me. Why is this happening?

Update: I guess I'm wrong. Americans really are worried about food prices. This seems like a huge deal to me. When's the last time that happened?

RLCC Comment: Selfishness is not the solution to anything. I've been buying bulk rice for years. Why? Well, it saved on packaging waste and I could get more for the money. I haven't been to the store since this "run" on rice started. Before the run, I was considering buying the cheaper white rice rather than the brown I always bought simply because money has become tighter and tighter. There is an old saying. "Beggars can't be choosers." I guess I'll not even find white rice that will really be affordable now. That's what runs help promote: Higher costs due to artificially created scarcities (hoarding).

Now, Joseph told Pharaoh to hoard (store up surplus) against the coming drought and to do so in his name. When the drought hit, Joseph bought the people's estates and children for Pharaoh in exchange for the grain the people needed to live (no money, gold, property, cattle, slaves, etc., no food: Death). That is not what Jesus has in mind.

We need the Christian Commons so the people will have the food without having to buy it or go into slavery or sell their children or die.

Link to source-webpage by digby, obtained via: Hullabaloo, April 23, 2008, 3:31pm

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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