Pacific Spirit Marine Institute
Could M. Knight Shyamalan read the "Signs" BMO’s Donald Coxe is Laying Down in the Corn Field?
Tuesday, January 15, 2008
In Toronto on January 3, global portfolio strategist Donald Coxe, dished out some grim “signs” of a coming global food catastrophe. To what does Coxe attribute this looming disaster? Corn of course.
The kernel at the heart of Coxe’s theory is, more to the point, biofuels. Coxe warned the Empire Club; biofuels are expected to eat up about a third of America’s 2007 grain harvest.
Coxe’s is quoted as saying, “Those who have food are going to have a big edge.” This is hardly an intuitive grasp of reality. Anyone who has ever been hungry at mealtime knows food is good and no food is bad.
Coxe suggests reasons for the coming cataclysmic food shortage will be a growing demand for more meat and dairy products by India and China as well as a growing demand from the biofuels industry. Dharmic Law and Karmic Consequences aside in India the very name of cow is Aghnya (‘not to be killed”). Mahabharat Shantiparv 262.47 …Surely, one who kills a cow or a bull commits a heinous crime…
In my mind there would have to be a complete paradigm shift in India if their demand for meat is going to take a sharp rise anytime in the near future. A paradigm shift might take generations, that is unless a good marketing firm can sell the benefits of red meat, arterial disease and many types of cancers to millions of consumers.
The same marketing firms may have an easier time selling the benefits of red meat and dairy products to the Chinese, as long as they keep certain facts out of their advertising. Men in China and Japan have up to 90 percent less prostate cancer than their meat eating, dairy downing American counterparts. Asian women also have up to 90 percent less breast cancer than American women.
Clearly improving the health of the planet isn’t what Mr. Coxe is promoting. There are more holes in his theory than a slice of Swiss cheese.
More cattle equals more methane gas which is responsible for nearly as much as all other CO2 greenhouse gases put together. Methane is a greenhouse gas nearly 21 times more powerful than CO2. The number one source of methane worldwide is animal agriculture.
Coxe contends the way to combat the crisis he sees coming is by using more fertilizer, genetically modified seeds and producing less biofuels.
So where is the smart money?
Petroleum stocks to insure more greenhouse gas emissions. Pharmaceutical stocks to treat even more diseases caused by increased meat and dairy consumption. Biotech stocks, not for cleaner fuels, but livestock feed. Chemical industry stocks to further pollute our waters with fertilizers…
The signs in the cornfields are easier to understand.
Image Thanks: Google Earth
Labels: CO2, Global Warming, Methane, biofuels
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Could M. Knight Shyamalan read the "Signs" BMO’s Donald Coxe is Laying Down in the Corn Field?
