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Oil and Food Price Risk

London, UK - 13th January 2008, 09:30 GMT

Dear Open ATCA & Philanthropia Friends

[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]

If inflation is rising and GDP growth is slowing, are central banks prudent to continue cutting interest rates?

1. US consumer price inflation is running at 4.3% up from 2% a year ago;

2. China consumer price inflation is running at 6.9% up from 1.9% a year ago; and

3. Euro zone consumer price inflation is running at 3.1% up from 1.9% a year ago.

In dollar terms, the commodity price index for food has risen by 49% on a year earlier. The price of oil is touching USD 100 per barrel and Gold is at USD 835+ per ounce. Meanwhile central banks are indicating further cuts in interest rates. Note the way in which Gold prices are rising in sympathetic correlation as confidence drains in other stores of value.

When have we been here before? What is the impact of high inflation on economic stability?

To reflect further on this, please click here and respond directly within the online forum.

[ENDS]

What are your thoughts, observations and views?

Best wishes


DK Matai, Chairman, Asymmetric Threats Contingency Alliance (ATCA)

Open ATCA, IntentBlog, Holistic Quantum Relativity Group
LinkedIn, Facebook, Ecademy, Xing, Spock, A&B Blog & QDOS


ATCA: The Asymmetric Threats Contingency Alliance is a philanthropic expert initiative founded in 2001 to resolve complex global challenges through collective Socratic dialogue and joint executive action to build a wisdom based global economy. Adhering to the doctrine of non-violence, ATCA addresses asymmetric threats and social opportunities arising from climate chaos and the environment; radical poverty and microfinance; geo-politics and energy; organised crime & extremism; advanced technologies -- bio, info, nano, robo & AI; demographic skews and resource shortages; pandemics; financial systems and systemic risk; as well as transhumanism and ethics. Present membership of ATCA is by invitation only and has over 5,000 distinguished members from over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at Academic Centres of Excellence; 500 Inventors and Original thinkers; as well as 250 Editors-in-Chief of major media.

The views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. Please do not forward or use the material circulated without permission and full attribution.



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