Carlos Slim Weighs In On Food Inflation

Yes that was a pun in the title.  Or maybe a double entendre because his name is Slim?  I’m not sure.  Also wasn’t funny enough to warrant this four-sentences-and-counting explanation…

So Carlos Slim, the World’s Richest Man, held another of his notoriously bizarre press conferences this week and, among other topics, made plain his feelings about the US policy of $22 loaves of bread in the not-too-distant future…

From beyondbrics:

There was even something on global macroeconomic policy, and his fierce criticism of what he called an “erroneous and very dangerous” policy by the US government to devalue the dollar.

“The US should study more effective policies that have less grave consequences [for solving its trade deficit],” he said. “The fact that they devalue, that there is a lack of confidence in the dollar, sparks increases in commodity prices, and if wheat, corn and other foodstuffs continue to go up for a long period of time, there are going to be very delicate social consequences everywhere.”

Oh Carlos.  We agree.  And anyone who makes $10,000 a minute should be at least humored by El Gringo Barbado de la Reserva Federale.

Meanwhile, at the rate my ag-related investments are growing, tennis with Señor Slim may be in my near future…so I should stop complaining so much.  Also, why doesn’t Carlos Slim rock white suits and shoulder holsters with twin chromed-out Colt .45s?  With white pearl grips?  How badass would that be?  He could pull those out while his white suit jacket billows in the breeze.  What would you do in that scenario?  Nothing.  You would just stand still and do exactly as Carlos tells you.

Source:

The endearing world of Señor Slim (beyondbrics)