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!
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
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.
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.
Isn’t it great that the Limp Duck congress extended the ethenol subsidies another 3 yrs.
Pray for America
He apparently has a nice beard and is therefore qualified.
Egypt has a very long history of government subsidies of bread....For a time in the 80’s, people were buying bread at a penny a loaf and using it to feed livestock. Probably, worldwide inflation and Bernacke are not to blame, more likely that the Mubarek government reduced the subsidy, sending prices higher.
Prices right here have risen high. there is no end in sight.
The fed can not continue to just print money as they wish. The value drops and the prices on everything go up.
It is just simple economics.
Eventually we will have to dump the dollar and go with gold to get any stability.
It is gonna get ugly before we are done. It is just starting people. Buckle up .. it’s gonna be a wild ride.
Didn’t the govt try to pass the food safety act recently?
That should help us.