How Banks Cause World Hunger [GRAPHIC]: Banks are among some of the most hated companies in America, largely for their role in causing a global financial crisis. That reputation could only get worse thanks to one of their more controversial practices: Food Speculation.
Banks and other financial speculators are increasingly "betting on food prices in financial markets," according to this infographic from the World Development Movement. Food prices now account for 70 percent of total expenses in some of the world's poorer households, hitting a record high in February. Looking forward, the OECD estimates that over the next decade cereal prices will rise 20 percent. That's still less than meet prices, which are expected to jump by nearly a third.
Here is the infographic from the World Development Movement:
2 years ago