Hmm.. Check out this article over at Breitbart:
World food prices hit record high: UN agency
(Feb 3 08:14 AM US/Eastern)
World food prices reached their highest level ever recorded in January and are set to keep rising for months, the UN food agency said on Thursday, warning that the hardest-hit countries could face turmoil.Rising food prices have been cited among the driving forces behind recent popular revolts in north Africa, including the uprising in Egypt and the toppling of Tunisia’s long-time president Zine El Abidine Ben Ali.
And in its latest survey, the Food and Agriculture Organisation said its index which monitors monthly price changes for a variety of staples averaged 231 points in January — the highest level since records began in 1990.
Dylan Ratigan and Bill Fleckenstein put 2 and 2 together and show that high food prices are correlated with social unrest in the Arab world .. just so Bernanke and Co. can paper over the GIGANTIC fraud perpetrated by the very large banks:
Tyler Durden of Zero Hedge had this to add:
For over a year now, Zero Hedge has been predicting that in its foolhardy attempt of “inflation or bust”, the Fed’s actions would sooner or later lead to mass rioting and possible revolutions as a result of surging and out of control food prices (which are just the peak of the alternative investment pyramid – yes, stunningly free money can go into other things besides stocks).
The problem is that these same people do not realize that to Bernanke (whom we have referred Genocide Ben for precisely this reason) there is no other alternative, and inflation must be achieved no matter how terrible the social cost, or the damage to the monetary system. Regardless, the actions in North Africa are just the start. Commodities will run up far higher, and discontent will sooner or later reach to Asia, and possibly to countries which have nuclear arsenals at their disposal. What happens then is anyone guess.
Oh and there is this fact, which Karl Denninger is good enough to remind us of:
The Egyptian Pound (EGP) has been pegged to the dollar on an effective basis since 2005.
Their compound inflation rate over the last three years is 45%.
That is, the cost of living has risen 45%.
Their per-capita GDP is 1/17th of ours, and hasn’t materially expanded during that time.
Our per-capita GDP is $47,000, which is quite close to median household income (right near $50k.)
Their per-capita GDP is $2,700 (both from the CIA World Factbook.)
Would you like to run the numbers on what a 45% increase in the CPI would do to someone living here with a $2,700 per-capita domestic output (which likely closely approximates household income there too)?
That person would starve…. and maybe riot, eh?
February 8, 2011 | Categories: economics, Egypt, Fascism, Finance, Foreign Policy, Politics, Socialism, Uncategorized | Tags: banking crisis, Ben Bernanke, bill fleckenstein, Dylan Ratigan, Egypt, enough, inflation, Karl Denninger, kefaya, market ticker, msnc, quantitative easing, Tyler Durden, u.n., Zero Hedge | Leave a comment
My discovery of “Sandmonkey” has dramatically refined and focused my position on the Egyptian Uprising and I urge everyone to take the time to learn more about him and read his posts, especially conservatives who see Mubarek as an ally first and thug autocrat second. After reading his blog and now being able to listen to him I am now, more than ever, in the camp that sees Mubarek as a thug-socialist/autocrat that needs to be deposed. Tonight, we had the treat of being able to learn his true identity, Mahmoud Salem, during an interview with Elliott Spitzer on CNN:
Update: Here is an account of Mahmoud Salem’s encounter with Mubarek’s thugs by someone who was riding in the car with him:
Having a policeman say he wanted to kill me wasn’t my most frightening moment yesterday in Cairo. That came when police and civilians smashed our car windows — with the five of us inside it — jumped up and down on the roof, spat on us, pulled my hair, beat my friends and dragged us into a police van.
The five of us were lucky: We emerged from our confrontation with President Hosni Mubarak’s police and operatives alive and relatively healthy. Violence over the past 11 days, much of it in Cairo’s Tahrir Square, has killed as many as 300 people in Egypt, according to the United Nations.
But it was a day I never dreamed could occur in my native city. It happened not because I was a reporter, a Sudan-based contract journalist for Bloomberg News returning to Cairo for vacation. The friends giving me a ride downtown were just trying to take food and first-aid supplies to those injured the previous night in clashes with pro-Mubarak protesters.
February 5, 2011 | Categories: Egypt, Fascism, Politics, Socialism | Tags: cnn, egyptian blogger, egyptian revolution, egyptian uprising, Mubarek, NDP, pro-mubarek thugs, Sandmonkey, twitter | 1 Comment
When studying the imagination of crowds we saw that it is particularly open to the impressions produced by images. These images do not always lie ready to hand, but it is possible to evoke them by the judicious employment of words and formulas. Handled with art, they possess in sober truth the mysterious power formerly attributed to them by the adepts of magic. They cause tempests, which in turn they are capable of stilling. A pyramid far loftier than that of old Cheops could be raised merely with the bones of men who have been victims of the power of words and formulas. – Gustave Le Bon, The Crowd
Yesterday, in my post “Upheaval in Egypt: Apparent causes .. and real causes.“, I wondered out loud “ if the mustering of a ‘pro-Mubarek’ group to counter the protestors is an indication of something deeper and more profound. Could it also be composed of people (some but certainly not all), who are fighting back to save their very history, their support for Mubarek merely incidental?“. It is a reasonable conjecture, given Islam’s long history of vandalizing important pieces of world heritage. But, when it comes to Egypt .. right now .. is it true? Which side is more interested in a revitalized Egypt which values its’ heritage and enjoys true freedom? It can’t be as simple as saying the the pro-democracy forces are led by Islamists and the protectors of Egypt’s heritage are the ruling, autocratic regime. Enough has been said elsewhere about the Muslim Brotherhood. What we need to understand is who Mubarek’s loyalists are and what the ruling party, the NDP (National Democratic Party), stands for. The answer might surprise you.
Hope and Change
Let me know if any of this sounds familiar …
What are the key features of the NDP’s platform for the 2010 parliamentary elections? What is the party’s agenda for the next legislative term?
The NDP aims, in a brief summary of its platform, to pursue the process of comprehensive community change in all its economic, political, social and cultural dimensions. Change has started but is not over yet. In addition to promoting the living standards and the quality of life of the majority of Egyptians, the party seeks to improve the quality of public services, such as education, health, housing, and facilities.
A key characteristic of the NDP’s platform is that it shies away from generalities in favor of binding pledges, such as curbing poverty or attracting more investments into Egypt. Other commitments are related to health care and education. In addition, the platform allocates specific financial resources to ensure that each pledge is honored. Therefore, the platform is ambitious and takes on political, economic and social dimensions. It also sets specific goals and unveils its funding sources.
(Interview with Ali Eddin Hilal, Media Secretary of the NDP, http://egyptelections.carnegieendowment.org/2011/01/10/interview-with-ali-eddin-hilal-media-secretary-of-the-ndp)
Change. Community. Curbing poverty. Commitment to health care and education.
You see, ladies and gentlemen, the National Democratic Party that controls Egypt, the party of the state police and the party of Mubarek and his thugs is .. you guessed it .. an authoritarian SOCIALIST party. Take a close look at this document:
Mubarek’s NDP was, until very recently, a member in good standing of Socialist International. Didn’t hear that on CNN did you? The thugs that beat up Anderson Cooper were socialist henchmen. As Richard J. Little writes in American Thinker (Egypt’s Real Problem: Decades of Authoritarian Socialist Rule; February 3, 2011):
Nasser’s immediate successor, Anwar Sadat, further built upon this state-controlled socialist political and economic system by forming the National Democratic Party, which is the current Egyptian ruling party. The National Democratic Party has been a member in good standing in the Socialist International right up until this present week (January 31, in fact, when, to save political face, it became politically necessary to expel them).
The Socialist International may want to hide this fact, but the plain truth is that Mubarak and his political predecessors had the unlimited power and pursued for many decades exactly the same type of top-down, expert-devised, and centralized government-run collectivist development and investment programs of the type that are now proposed by progressives in this country and by socialists around world. And the results, or lack thereof, of fifty-plus years of authoritarian socialist policy in Egypt were the same as in every other nation (like the old Soviet Union, Eastern Europe, China) that has experimented with similar economic and political systems: poverty, political repression, institutionalized government corruption, and ultimately, social chaos.
Why the cosy relationship between leftists, Nazis and anti-semites and their war on Masonry? Here’s some background:
“It all started with the Thule Gesellschaft… founded by a Freemason and Eastern mystic named Baron Rudolf von Sebottendorff. They met every Saturday in Munich’s Four Season’s Hotel to discuss things like runes (an old German alphabet), racial evolution, Nordic mythology and German nationalism. Registered under the name “Thule Gesellschaft” as a “literary-cultural society”, in order to fool the communist Red Army now controlling Munich, this group had originally been known as the Germanenorden, or the German Order of the Holy Grail (we shall see later exactly what the Holy Grail is). The Germanenorden had an impressive series of initiatory rituals, replete with knights in shining armor, wise kings, mystical bards and forest nymphs, including a Masonic-style program of secrecy, initiation and mutual cooperation. But they were not copying the ideological aspects of Freemasonry. What the Germanenorden became was, essentially, an anti-Masonry: a Masonic-style society dedicated to the eradication of Freemasonry itself. Their symbol was a long dagger on top of a swastika, and their beliefs had been influenced largely by the writings of Guido von List and Lanz von Liebenfels.”
This is classic. You can find it over at The Jawa Report.
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.The professor then said, “OK, we wi…ll have an experiment in this class on Obama’s plan”.
All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
Could not be any simpler than that.
Since it’s Ayn Rand’s birthday today, I thought I’d share this great video – the Howard Roark speech (played by Gary Cooper) from The Fountainhead.
Here is an excerpt:
“The ‘common good’ of a collective—a race, a class, a state—was the claim and justification of every tyranny ever established over men. Every major horror of history was committed in the name of an altruistic motive. Has any act of selfishness ever equaled the carnage perpetrated by disciples of altruism? Does the fault lie in men’s hypocrisy or in the nature of the principle? The most dreadful butchers were the most sincere. They believed in the perfect society reached through the guillotine and the firing squad. Nobody questioned their right to murder since they were murdering for an altruistic purpose. It was accepted that man must be sacrificed for other men. Actors change, but the course of the tragedy remains the same. A humanitarian who starts with declarations of love for mankind and ends with a sea of blood. It goes on and will go on so long as men believe that an action is good if it is unselfish. That permits the altruist to act and forces his victims to bear it. The leaders of collectivist movements ask nothing for themselves. But observe the results.”
This guy makes a lot of sense.
Vodpod videos no longer available.