But government can’t abide higher prices on food. So President Obama will institute price controls. If you think that we couldn’t possibly have food riots here in the United States, then you probably also believe that we couldn’t possibly have price controls in the United States.

But you’d be wrong on the second count, at least.

In 1971, President Nixon enacted wage and price controls - and the biggest reason he gave for these price controls was rising food prices. He also capped oil prices.

You might remember oil shortages during this time - that was a direct result of Nixon’s price controls.

No one is following this story. The Great Lakes Seaway News actually wrote a story about how no one is following this story.

While Ben Bernanke continues to gift billions of dollars to the banking industry for no defensible or discernable reason, there are actual, real-life industries in the United States that are producing real-life stuff that we all need.

While President Obama wrangles with Congress to pay unemployed people $150 billion not to work over the next year, a small group of American farming and shipping firms are feeding the world from the sweat of their brow.

I hate falling into the trap of simply responding to the hottest news headlines - because very few people get rich by reacting to headlines and pulling the trigger on investments based on "hot" trends in the market.

At this point, computers can wipe the floor with most any day-trader, so if you think you can buy yesterday's news and still eke out a profit, you're probably wrong.

In the past couple weeks agriculture has been the hot topic on everyone's mind. First, fires in Russia caused wheat prices to double in less than a month as Vladimir Putin banned Russian wheat exports. In sympathy, many other crop commodities rose in price as well. Then yesterday, BHP Billiton (NYSE: BHP) the world's largest mining company, put in a failed bid to buy Potash Corp (NYSE: POT) the world's largest fertilizer company.