Remember when gas was over $4 a gallon? Remember the global food crisis that resulted in dozens of food riots around the world and plunged over 100 million people around the world into hunger?
These crises where not caused by shortages of oil or food. Instead they were caused by massive bets made on Wall Street. A large portion of the higher prices were brought on by the same thing that caused the global economic crisis – market deregulation. While we had to pay more for our gas and food, fat cat investors made a bundle.
Watch this video to learn how speculators brought about last year’s food and oil bubbles and how we can get Wall Street to stop gambling on hunger.