Skip to comments.Food Riots: Is Bernanke Partially to Blame?
Posted on 01/30/2011 2:57:50 PM PST by HojczykEdited on 01/30/2011 3:10:01 PM PST by Admin Moderator. [history]
As we know, massive popular unrest has broken out against autocratic governments in North Africa and the Arab world. Egypt is the biggest story. But to varying degrees, the people have taken to the streets in Algeria, Jordan, Libya, Morocco, and Yemen.
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That's right. Blame everything on the mean ol' US. It's Bush's fault! It's Palin's fault! It's the Tea Party's fault! It's the GOP's fault! It's the Ugly American's fault!
Egypt used to be the bread basket of the Roman Empire. There is no reason why they should be importing food as they’re perfectly capable of feeding themselves. The reason they cannot is simple: socialism.
Zimbabwe used to be an exporter of food, as well. No more. Government is the cause of food shortages in the Third World, not an American bureaucrat named Bernanke!
Our govt has done it’s share with ethanol..and lack of petroleum production lifting world oil prices.
As the world goes more socialist food will become a real problem.
We have imported food price inflation to the world.
Wait...If George Bush is to blame for Katrina...then certainly 0bama is to blame for food riots in Egypt.
“Hungry bellies feed revolutions”...Stalin
Hate to bust your bubble, but we have sold over 1.5 million tonne’s of wheat to egypt in the last few months, wheat is higher in the good old united states because of the a/holes that want to pay farmers to grown fuel instead of food. Russia? cut them off last fall due to drought in Russia.
This is our future!!! Please call and write your congress person and tell them to redact ALL their food restrictions in this country. They’re garnering the land, putting unbelievable restrictions on farmers who find it too expensive - leave their farms which is then taken over by the government, we won’t even be able to grow our own food. Food and water is our lifeline and the ability to communicate with each other - the government is planning to take them. If this appears paranoid then so be it.
Trade deficits? I don’t think so.
It won’t take but a couple or three poor harvest years, with a resulting famine, to bring about political chaos. And when it comes I predict it will happen in Muslim dominated lands.
Why? Because Muslims are generally sub-standard farmers and most Muslims inhabit what can only be called marginally arable lands with Egypt, Pakistan, and Indonesia being the exceptions.
riots are nothing...we will have food wars in the near future...
No the rise in food costs is the unintended consequence of using ethanol added to our fuel. The farmers switched to corn rather than wheat. This caused the price of wheat to escalte.
The rise in food prices is not entirely The Benbernank’s fault, but his practice of printing $100 billion per month weakens the US dollar and axiomatically raises prices for everything.
But today there are improved plant lines and methods of agriculture. The problem isn’t with the growing of food, it is the government getting in the way of that production.
(In the case of Egypt, it isn’t just food production that has been thwarted, but all types of businesses. Socialism kills the desire of the individual to work and succeed.)
When we have riots, can we blame it on them for the high price of oil?
Isn’t it great that the Limp Duck congress extended the ethenol subsidies another 3 yrs.
Pray for America