The Federal Reserve insists there is no inflation yet, while the public sees escalating prices everywhere we look, particularly in food and energy. If you think it’s bad in the United States though, try to fathom using up to 80% of your wages to purchase increasingly expensive food as they do in Egypt. Poorer countries around the world are literally rioting in protest of food shortages and prices out of control. Further unrest in these unstable countries can have unfavorable geopolitical consequences for us.
Whose fault is this? Washington, Wall Street and China.
Dylan Ratigan and Bill Fleckenstein got together on MSNBC last week to discuss this, and the Fed’s agenda.
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I woke up at 5:30 AM Pacific Time and turned on the television to catch up on the latest in Egypt and neighboring countries. CNN was talking about some medical item, the two hosts at Fox News were chuckling about some silly nonsense, Fox Business News was doing their daily broadcast of Imus in the Morning (WTF is that doing on a business channel that is trying to compete with CNBC?), and CNBC was busy feeding us electronic antidepressants through the air to us all so we’d just be happy and get invested. And MSNBC? Come on, are you serious? All this while two million were protesting in Cairo.
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by Mark on January 29, 2011 6:52 am
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The world is a mess. I know, it’s never not messy, but at this point, we seem to find ourselves at a tipping point of sorts. And it won’t take much to ignite a fuse to a bigger explosion than any of the situations we are seeing blowing up now
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Forget watching the revolution-in-the-making in Egypt on CNN or Fox, with all the talking heads and commercials. Watch the network that really knows the Middle East, Al Jazeera, live on your computer. I’ve been watching live for about an hour and I don’t think I’ve seen a commercial yet, and the feed is pretty good.
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by Mark on January 28, 2011 9:06 am
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Revolution is in the air. Egypt, Albania, Tunisia, Yemen…. Who is next?
Egypt is the country absolutely erupting tight now. Curfew is being instituted at this very moment, and many in the army are not taking their uniforms off and joining the protesters in the streets, along with the Muslim Brotherhood. I have to read up more on the Muslim Brotherhood, but it doesn’t sound good to me.
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