Reply #4: The reasoning behind Zoellick's" comments.

[AdHocSolver]

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World Bank President Robert Zoellick said on Saturday he expected food prices to remain above 2004 levels until at least 2012 and energy prices would also remain high and volatile.
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The reason he knows this is because the groups he represents are going to continue to keep prices high so as to enrich themselves beyond reason.


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He repeated that with food and fuel prices in a "danger zone" there was a need for $10 billion to provide food and cash handouts for the world's poorest.
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With the corporations and their executives realizing hundreds of billions of dollars in extra profits, $10 billion is pocket change to them, and it will not address the millions who will starve because their greed has so upset the world economies.


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Soaring oil and food prices have fuelled inflation across the globe at the same time as economies slow, posing a sharp dilemma for policymakers.
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"Soaring oil and food prices" are the CAUSE of the slowing economies, NOT merely coincidental with it. When people have to spend MORE for food and fuel, they have LESS to spend on other goods and services. The dilemma for policy makers is how to appear concerned when their greed is the CAUSE of the economic problems the world faces.


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Earlier this week, leaders of the Group of Eight rich nations in Japan agreed on the need to address global inflation, particularly elevated oil and food prices.
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Easy solution. These "concerned" leaders should just stop the global thievery, and economies will return to "normal".


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"I think the statement on food security was a good statement, but the test will be on the delivery of the action," Zoellick said.
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In other words, the world's leaders aren't going to do anything about the problem until their greed is sated or the rest of us are broke. One of these conditions is estimated to occur by the year 2012.