CONCEPTUAL ORDNANCE AND SYMBOLIC MUNITIONS FOR THE PARADIGM WARRIOR.

Posts tagged “Egypt

Could Egypt be the grave of Statism?

It’s not like Socialism has a monopoly on horrifying unintended consequences. In fact, human history teaches something far bleaker:  every formalized system of government we’ve created has been perfectly capable of facilitating mass murder, class warfare and repressive regimes.   – Justin Boland, “The Revelation of the Method(Skilluminati Research; Nov. 27, 2010)

Here is an excellent video by Stefan Molyneux, the host of Freedomain Radio:

Powerful ideas for all lovers of personal and political freedom – Freedomain Radio is the largest and most popular philosophy show on the web, and was a Top 10 Finalist in the 2007, 2008 and 2009 Podcast Awards. Topics range from politics to philosophy to science to economics to relationships to atheism – and how to achieve real freedom in your life today. Passionate, articulate, funny and irreverent, Freedomain Radio shines a bold light on old topics, and invents a few new ones to boot!

I like what I’ve seen so far.  Have a look and enjoy!

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Wake up and smell the Kefaya.

 

 

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?

 

 


Egyptian “Facebook” Revolution: U.S. Foreign Policy Fail – All WTF, All The Time.

Congratulations to the U.S.A.  for their deft handling of the Egyptian problem.  And who is Nobel laureate, ElBaradei? Globalist?  Islamist?  Secularist?  Saviour?  Opportunist?  Sorry.  Colour me sceptical when it comes to this guy.

Update: Feb. 1, 2011 ……

“For every complex problem there is an answer that is clear, simple, and wrong.” ~ H. L. Mencken

I decided that I would update this post with a little less ‘knee-jerk’ and a little more chin-scratching.  I decided to take down a video spoofing U.S. Secretary of State Hillary Clinton … a little too anti-American and, frankly, I just don’t believe much of it’s message.  I still wanted to express my frustration with the U.S. for exacerbating the situation in Egypt and elsewhere in the world.  It is my contention that the unwillingness of the U.S. Government to change its’ monetary policy to something approaching rational and prosecute the perpetrators of widespread banking fraud has led to inflation around the world.  This inflation and shrinking of opportunity has hit the poor and less-advantaged hard and it is little wonder that people in these nations are taking to the streets.  It’s not all America’s fault.  For the most part, it is the repressive and regressive nature of their ruling regimes that have left these people vulnerable – whether those regimes are arrayed against Israel and America or not.

The Ticker Guy, Karl Denninger, puts hammer to nail here:

Astounding And Dangerous Crap…. (Egypt)

It’s always amazing to watch our government play patty-cake with tin-pot dictators when it suits us, even though they have a habit of torturing and otherwise abusing their citizens.  They hold fraudulent elections or no elections at all, they refuse to bend to the will of the people, and they claim a right to perpetual rule.

Mubarak has a brutal and long history.  Coming to power after Anwar Sadat was assassinated in 1981, he has been an effective dictator since ascending, as the nation has been under an Emergency Law since 1967.  This state of emergency has provided the government with the excuse to take virtually all rights and bin them, including freedom of the press, assembly, and others.  Unlimited imprisonment without charge or trial is permitted and reports of torture of prisoners are common.

Thaddeus may be well-intentioned but ex-post-facto analysis usually is.  The United States has a history of supporting this thug that goes well beyond the last few weeks and days.

In addition since 2005 the Egyptian Pound has been pegged to the United States dollar, and the nation has undergone a cumulative 45% inflation rate in the last three years imposed on it by our Central Bank and profligate Federal spending, which Bernanke has been all too eager to monetize.

With a per-capita GDP of about $2,700 it’s people are 1/17th as capable of producing income as those of The United States on average and well-below other nations such as China ($4,300) and Belize ($4,500) that are commonly regarded as quite poor.

The nation’s people are clearly incapable of absorbing a 45% increase in their cost of living and this has largely played into the causes of the current uprising.

(read the rest)

Update: The Wall Street Journal has an interesting graphic comparing global inflation rates.  Note where Egypt sits.