END FED: Financial Institutions That Created The Financial Collapse Now Trade Staple Food! Death?

How To Go To Heaven: www.jesus-is-savior.com www.aolnews.com Stunning Cocoa Grab Could Hike Prices, Lower Quality Jul 19, 2010 Parents worldwide may agree that too much chocolate is a bad thing, but one British hedge fund manager clearly would differ. Last week Anthony Ward, manager of the hedge fund Armajaro Holdings, made a big bet on the rising price of chocolate by picking up about $1 billion worth of cocoa beans. And in a departure from business as usual, where traders simply trade the rights to buy or sell commodities at a certain price in the future, Ward had all 240000 tons physically delivered to Armajaro. Representing the largest delivery of the product in 14 years, it was a stunning move -- yet one in keeping with the money man the British press has dubbed "Choc Finger," after the Bond villain Goldfinger. World chocolate prices have more than doubled in the past two years, and poor harvests in Ghana and the Ivory Coast have further squeezed supply. Some analysts now worry that Ward's purchase is an attempt to gain enough power to manipulate the market. "If it looks like cornering, feels like cornering, it probably is cornering," Eugen Weinberg, an analyst with German financial institution Commerzbank, told the Telegraph. Some have noted that Ward made a tidy profit off poor African cocoa bean harvests in 2006 with a similar deal, clearing about $60 million off a purchase of 200000 tons. But according to the BBC, there's nothing illegal about Ward's reputed ...

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