I documented personal history how US political “leadership” and corporate media allow a million children to die from preventable poverty each month. For Wall Street’s role in this child-slaughtering, UK Independent’s Grace Livingstone deftly explains (my emphasis):
Speculation by large investment banks is driving up food prices for the world’s poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations’ leading expert on food.
… Speculative investment in agricultural commodities in 2011 was 20 times the amount spent by all countries on agricultural aid. Goldman Sachs, the largest player in the agricultural commodities market, earned £600m from food speculation in 2009, and Barclays Capital, the world’s third-largest player and largest British bank in this market, earned up to £340m in 2010, according to the report. Goldman Sachs and Barclays Capital declined to comment.
… When George W Bush passed the Commodities Futures Modernization Act 12 years ago, there was an influx, led by Goldman Sachs, of purely financial players who had no interest in ever buying food, but who sought solely to profit from changes in food prices, says Olivier De Schutter, the UN special rapporteur on the right to food.
He added: “What we are seeing now is that these financial markets have developed massively with the arrival of these new financial investors, who are purely interested in the short-term monetary gain and are not really interested in the physical thing – they never actually buy the ton of wheat or maize; they only buy a promise to buy or to sell. The result of this financialisation of the commodities market is that the prices of the products respond increasingly to a purely speculative logic. This explains why in very short periods of time we see prices spiking or bubbles exploding, because prices are less and less determined by the real match between supply and demand.”
This literal psychopathic core (not “heart”) is financial fraud from lie of omission that Wall Street is killing children from Enron-like profit structure, and lie of commission that this structure is somehow “good” for our economy and investors.
The end-game for 100% of Earth’s inhabitants, of course, is to arrest the obvious criminals who annually kill by the millions, harm billions, and loot trillions of the 99%’s wealth.
The 1% criminals money-murdering children is just one facet of the crimes that demand arrests. They also war-murder, war-profit, and then corporate media war-lies. Here is that documentation: