Effects of Inflation, Food Inflation on Egypt, The Middle East and World Economies

TAMNY: T BOONE UNWITTINGLY REVEALS ABSURDITY OF 'OIL INDEPENDENCE'

MARC FARBER OF GLOOM AND DOOM REPORT EXPLAINS THE BASICS HERE in this well-worth watching short video. With expansionist money policies in the U.S. and elsewhere, our fiat (paper) money looses value and buys less and less. This money printing is deflating our buying power at the same time inflating food, oil and gas prices all over the world.

If you're living in a Third World country or on a subsistence income anywhere this commodities inflation---especially wrt food---has devastating effects of your survival. This is part of what is happening in Egypt.

Sure Mubarack is a despotic dictator who should go sooner rather than later; however part of the culprit of these riots has to do with food inflation and the possibility of dramatic food shortages and starvation in the months and years to come. There's blood on Ben Bernanke's hand and printing press.

It's not a pretty picture and may get much worse before it gets better.

One other thing I hasten to bring up: While the United States is now the target of dissing by Egyptian rioters, it should be noted that we give Egypt a lot of aid---in the billions---so any new regime that arises there, hopefully will take note of the consequences of completley biting off the hand that helps to feed it.