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Food Riots: Is Bernanke Partially to Blame?
CNBC ^ | January 28,2011 | Larry Kudlow

Posted on 01/30/2011 2:57:50 PM PST by Hojczyk

Edited 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.


(Excerpt) Read more at cnbc.com ...


TOPICS: Foreign Affairs; Government; News/Current Events
KEYWORDS: bernanke; economy; egypt; ethanol; federalreserve; food; foodcrisis; foodinsecurity; foodprices; foodriots; foodshortage; foodshortages; idiocy; kudlow; larrykudlow; lunacy; mtba; ntsa; stupidity; thefed; theqe2
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1 posted on 01/30/2011 2:57:53 PM PST by Hojczyk
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To: Hojczyk
then U.S. monetary policy has to shoulder at least some of the blame.

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!

2 posted on 01/30/2011 3:01:13 PM PST by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: Hojczyk

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!


3 posted on 01/30/2011 3:01:25 PM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: SatinDoll

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.


4 posted on 01/30/2011 3:07:31 PM PST by Oldexpat
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To: bgill
Actually, it IS the fault of huge US budget and trade deficits, Fed-induced low interest rates, massive money creation to buy US debt, and the total abuse of the dollar as the world's reserve currency.

We have imported food price inflation to the world.

5 posted on 01/30/2011 3:11:33 PM PST by JustTheTruth (Sometimes the Truth hurts so much that the masses refuse to face or accept the obvious.)
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To: Hojczyk

Wait...If George Bush is to blame for Katrina...then certainly 0bama is to blame for food riots in Egypt.


6 posted on 01/30/2011 3:12:17 PM PST by Drango (NO-vember is payback for April 15th)
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To: Hojczyk
US - 41 million food stamp recipients - 99+ weeks unemployment benefits = ??

“Hungry bellies feed revolutions”...Stalin

7 posted on 01/30/2011 3:13:25 PM PST by Las Vegas Ron (The Tree of Liberty did not grow from an ACORN!)
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To: bgill

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.


8 posted on 01/30/2011 3:13:57 PM PST by org.whodat
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To: Hojczyk

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.


9 posted on 01/30/2011 3:14:19 PM PST by bronxville
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To: JustTheTruth

Exported.


10 posted on 01/30/2011 3:14:37 PM PST by JustTheTruth (Sometimes the Truth hurts so much that the masses refuse to face or accept the obvious.)
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To: JustTheTruth

Trade deficits? I don’t think so.


11 posted on 01/30/2011 3:14:49 PM PST by 1rudeboy
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To: Oldexpat

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.


12 posted on 01/30/2011 3:14:58 PM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: Hojczyk

riots are nothing...we will have food wars in the near future...


13 posted on 01/30/2011 3:15:17 PM PST by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: Hojczyk

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.


14 posted on 01/30/2011 3:18:58 PM PST by Carley (IDEOLOGY TRUMPS FACTS IN THE LEFT'S QUEST FOR POWER)
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To: Hojczyk

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.


15 posted on 01/30/2011 3:27:33 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: All

Let's Put This Baby To Bed!!
Less Than $400 To Go!!
Please Help End The FReepathon

16 posted on 01/30/2011 3:31:14 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: SatinDoll
The whole population of Europe during the days of Roman was less than the current population of Egypt.
17 posted on 01/30/2011 3:31:28 PM PST by org.whodat
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To: org.whodat

Correct.

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.)


18 posted on 01/30/2011 3:41:51 PM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: org.whodat

When we have riots, can we blame it on them for the high price of oil?


19 posted on 01/30/2011 3:48:17 PM PST by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: Hojczyk

Isn’t it great that the Limp Duck congress extended the ethenol subsidies another 3 yrs.

Pray for America


20 posted on 01/30/2011 3:58:14 PM PST by bray (Support Palin to make heads explode on both sides?)
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