The rises in inflation and the soaring food costs (which despite reports of 4-5% are more likely around 20% in the last few months) are NOT just to do with global demand. The banks are, yet again, up to no good making money out of speculating now on FOOD commodities
They have simply swapped the speculating they were doing on the sub-prime market, and are now using food to make their money out of nothing.
So when Bob Diamond and those of his ilk say that they deserve their bonuses and enormous profit, maybe they really really don't.
They are forcing up the price of food in their hideous pursuit of making money out of doing nothing and flattering their pathetic ego's without any regard for the people who are struggling to eat. People on here have sometimes said that there is no moral element to banking - can that really be true if they are deliberately screwing up the food commodity markets - because this does have an effect on other human being.
Rant over
some info here