Fred Kaufman wanted to know what more, in addition to aberrant weather, was behind the recent world wide food shortages, including an extraordinary number of children in this country who are insufficiently nourished or go hungry every year. He investigated the commodities futures market and discovered that Goldman Sachs had created a commodities index that disconnected the actual price of wheat from futures prices and in effect drove the price of bread up all over the world. The speculators had taken over the market and led it to heights of gambling that had no internal governor and therefore no limit. Millions were affected and many died while Goldman and other New York financial houses made billions.
Fred Kaufman
October 2, 2010
KSFR, 101.11 FM, Santa Fe, NM
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