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Latest Inflation Riot Tally: Algeria, Tunisia, Morocco, Yemen And Jordan
The Fed chairman is 100% confident inflation can be contained. Rapidly spreading rioting (5 countries so far) would take the under on that.
Latest on Tunisia:
Twelve people were killed in overnight clashes in the Tunisian capital Tunis and the northeastern town of Ras Jebel, according to accounts from two medical sources and a witness on Friday.
Ten of the victims were killed after clashes in the capital, two sources from Charles Nicolle hospital told Reuters.
A witness from Ras Jebel, who identified herself as Narjes, said: "I saw two dead people with my own eyes after police fired at youth".
Tunisian officials could not immediately be reached for a comment. It was not immediately clear whether the shootings took place before or after the country's president ordered police to stop using lethal force against demonstrators.
And now the violence has spread to Jordan:
Food price protests sweeping across North Africa and the Middle East reached Jordan on Friday, when hundreds of protesters chanted slogans against Prime Minister Samir al-Rifai in the southern city of Karak.
The peaceful protest was held despite hastily announced government measures to curb commodity and fuel prices. Similar demonstrations were held in three other towns and cities across the country, witnesses said.
"We are protesting the policies of the government -- high prices and repeated taxation that made the Jordanian people revolt," Tawfiq al-Batoush, a former head of Karak municipality, told Reuters at the protest outside Karak's Al Omari mosque.
Three days ago, after riots in Algeria and Tunisia over high prices, unemployment and falling living standards, Jordan announced a $225 million package of cuts in the prices of some types of fuel and of staple products including sugar and rice.
Other Arab countries have taken similar steps. Libya abolished taxes and customs duties on food products and Morocco offered compensation to importers of soft milling wheat to keep supplies stable after a surge in grain prices.
...Morocco (google translated)
Protests against price rises and unemployment moved from Tunisia to Morocco, where the streets of Rabat, yesterday, saw clashes between young protesters and police forces, which tried to prevent them from organizing a demonstration outside the Moroccan parliament, in protest against unemployment and high prices and the cost of living in Morocco
And Yemen:
In Yemen, Yemeni President Ali Abdullah Saleh fired Minister of Oil and Chief Executive, the Yemen Petroleum Company Omar Arhabi, yesterday, due to a lack in the supply of petroleum products, not available in the market, which led to bottlenecks in front of gas stations and the creation of indignation among the citizens.
Not like there is much to add here, but we would like to add that if a rising stock market was indiciative of "wealth" then the citizens of Zimbabwe have to be the richest people in the universe.
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well dead people do not eat....an interesting way to lower food prices eh?????
Indeed, dead people do not eat. People are the central banksters main PROBLEM right now. Expect events to escalate into a good world war to cull by a couple billion the 'useless eaters' as they call us and believe me all of us here are who theyre talking about.
Indeed SheepDog, world war is a probable outcome a few years out but after exploring the claims of purposeful 'culling' by the elite I find them unsubstantiated.
The demographic problem explains much, cyclical behavior of generations that experienced booms and bust every X years in different countries (Fourth Turning) explains yet more. What the details tell me is that until the current generation that is in charge has retired by voluntarily exited through old age or potential forced from office in between (very slow process) the problems of containment of hostility multiplies and is impossible to contain.
Wealth does not decentralize itself, either the opportunity to benefit emerges to coax that capital to move into or world war happens before rebalancing which of course is a very nasty way to redistribute wealth. Even that billionairre will have to keep investing more and more funds into security eventually creating their own prison alongside the population. The pain of no growth does encourage reform from the investment community but it doesn't seem to happen quickly enough before major hostilities break out.
the margains will always be where the rubber meets the road, that is to say that standing on the edge... with a wall of people on one side and a long bugs bunny type drop on the other... is not safe. when people get mad they move, not until then... but surely then.
Better yet, in the process, we've created a new food source. Now we're tackling that price problem from two different angles. Nothing like American ingenuity to solve's today's pressing problems!
Dead people don't produce anything either, sadly.
Well, most people dont actually produce anything anyway. Being a consumer debt monkey so the FED can invent more 'money' isnt actually production at all, just a part of a bubble machine.
time for another diversion - Obama the hero, handling the "tragic killing spree" - turned miracle...just label them all terrorists and move on, works for everything else. At some point, people with different agendas are just that - are they my enemy or the govt's?
that idiot was a freak... not freak in a good way either...
he took what should have been a good thing and fucked it up.
plainly, if all the freaks wanna shoot all the bankers, lobbist's and then everyone on the Hill.. have at it, I aint mad.
I am in no way defending Loughner. The terrorist reference was regarding the food rioters.
I am more along the support lines of scared straight for the entitled, come off the hill and see how it is down here in the sludge rather than basing opinions about economic viabilty and health of a society on the people at nordstroms.
west africa situation. oil $147 again.
So the Fed floods the world with its dollars (not only the USA), and commodity prices are surging. Is it just because of speculators moving from equities or is there a non temporal cause (structural)? I would understand as structural if all currencies are on a race to the bottom, being devalued. Since most salaries won't keep the pace, most people will lose their shirts (the ability to feed themselves and their families). If it is so, is it possible at all that it doesn't end in a bloodbath?
Well look at all the crop reports from around the world, a lot of weather related very poor crops, half of Russia wheat burned over the summer, Canada had poor conditions, too wet to plant, all over the world there are these massive floods and crop wipe outs.
As long as I have my taco bell I could care less.
When I went to the Carl's Jr automatic food dispenser it had this to say to me after it wouldn't give me my BIG ASS fries.
Please come back when you can afford to make a purchase. Your kids are starving. Carl's Jr. believes no child should go hungry. You are an unfit father. Your children will be placed in the custody of Carl's Jr. Carl's Jr... "Fuck You, I'm Eating."
People eat that garbage at Toxic Hell and Carls Embalming Studios and wonder why theyre deathly ill all the time and their brains dont function unless plugged into an IPod.
had no choice - their groupon buddies conned them into it
I stopped eating at Taco Bell after I found out that the translation for "Carne Asada steak" was in fact "Tijuana Street Dog".
:)
pods
It has nothing to do with the gulfstream or the BP oil "accident"...probably just coincidence.
on Fri, 01/14/2011 - 10:42
#875966
So the Fed floods the world with its dollars (not only the USA), and commodity prices are surging. Is it just because of speculators moving from equities or is there a non temporal cause (structural)? I would understand as structural if all currencies are on a race to the bottom, being devalued. Since most salaries won't keep the pace, most people will lose their shirts (the ability to feed themselves and their families). If it is so, is it possible at all that it doesn't end in a bloodbath?
**********************************************************************************
Who owns food? seed (geneticly altered) that only grow with use of certain chemicals?
Who is heavily invested in the BRIC's? (Was, SUCKERS!)
When you can answer those two questions for yourself, you will be a big boy... heres a hint.. same Name both times as the majority holder... Majority? majority of the land and food supply? nooooooooo? cant be?
http://www.gambro.com/en/global/
Thats the only hint you get...
yeah - real rollover in speculation, go look at the top 10 components of the RUT or the SOX, they should rename them the Benjamin Graham index. Shit is worth what people are willing to pay for it, there is an equilibrium at some point, obviously not in Tunisia, et al. The lower the income, the more important those simple input staples like wheat and corn become - grass is green.
Food, bitchez!!
Physical FOOD!
That's right! You're always better off with the physical, not the paper LOL!
fuckem, all I got is a bunch of 5# tubs of whey protein and a couple cycles of dianabol, I can hunt the rest
Yep, Tyler, Chile is also an inflation protesting country.
But here americans will starve in the streets, having a good time rockin out with their IPod's and 'social networking' with other starving people they dont know on their IPads.
These poor guys would surely love to have an apple :-/
I have been to Tunis, you have to have a paid permit to take a photograph... for real. Maybe we could charge for those who want to take pictures of our burning cities when the day comes?
Here in america also, if cops see you taking pictures and videotaping them, they'll take your camera. Check out Alex Jones videos on youtube who was trying to take a picture on the FED building and got his camera gear confiscated.
Don't forget the ~$5000 price tag for the license to photograph the Hollywood sign. Isn't freedom great? :)
I'm back pricks!!!!1111
Army kicked my ass out for leg issues.
Anyways I got a job interview today for a portfolio research analyst. I hope I get it. It pays well and I am hoping I can bring in some of my Austrian beliefs.
So I am back to pester you all again.
Nice to see you again, Millennial.
Wait until the riot spread to Egypt. The gov't there has to subsidize bread so the people don't flip.
Theyre subsidizing 'bread' here too, lets see theres 43 million on food stamps, those are all probably families of 4 at least but lets just say 3...that means 130 million people almost half of america is only eating due to govt subsidies.
True, but the 17 Million in Cairo live really close to the edge.
But the edge here in america is not so distant as many think, living under the fact (really an illusion) that reasonably priced food is readily available in many stores within a 1 miles radius, and the cash to buy it always appears somehow no matter what.
Again true, but which one will be pushed over the edge first, if you were a betting man? My point was Egypt will garner a lot more attention and the riots will be huge.
Oh sure no doubt their line is right in front of their toes when every day they depend on 1 loaf of bread, and then its not there the next day. Sudden total starvation.
That's a really scary thought isn't it? Effing sad.
And the Austrians in the house want them all starving to death.
You say that like it's a bad thing...
It's not the fault of those living on food stamps that capitalism has failed.
As long as the ahistorical, shit-talking windbag Austrians who perform no useful labor end up among the starved, I'm cool with it.
I saw some footage from Tunisia on the news earlier. A guy who'd been shot was being helped by a couple of people - with about 6 other guys standing right next to them filming it on their fucking cell phones...
Give 'em a whiff of grapeshot.
Amen, Rodent:
Direct the cannons at 237 Park Avenue in midtown Manhattan.
I'm cool with that.
Re the Bernanke quote. We might want to remember that 60 Minutes has total control of editing. I percieved the answer "100% confidence" to be to the general question of "can you control this" -- to be pointed at the logistics of bond buying -- not the overall question of inflation.
The transcript reads that way. I think he was talking about the mechanics of execution, not the overall result.
Aren't You Hungry?, Aren't you hungry for Burger King now? (1981–1986)
They're Cuckoo for Cocoa Puffs! Cuckoo for Cocoa Puffs!
Where's the beef?
http://www.youtube.com/watch?v=Ug75diEyiA0
Got milk?
http://www.youtube.com/watch?v=OLSsswr6z9Y&feature=related
They need to Make a Run For The Boarder.
http://www.youtube.com/watch?v=8EGv7jUXD9k&feature=related
Drop the chullipo and stand back!
Fever for the flavor...
If you said Carl's Jr....
Yes, yes I am.
http://www.youtube.com/watch?v=mQDit9-z1Xw
When aren't they rioting in those countries.
When the riots start in LA, then it will be news worthy to the American sheeple.
And the MSM will be able to cover it 24/7.
What we need is the equivalent of Michael Jackson plopping over dead or another OJ trial.
Riots in USA when people told they can't eat the rich
Who needs to send in an army? Just starve the suckers.
And people say we have nothing to learn from Stalin.
Can you imagine?
Ron Paul's whishes are near to come true.
The end is nigh for the Fed!
As soon as those
It all just beginning folks, it will take a while or a little longer then anticipated but we will have our own riots, unlike these, WE OWN GUNS!
BBC reporting the Tunsia government just fell......
let them
eat dollars
Tunisian president fled the country. direction Libya
what is so sick about all of this is that it does not represent incompetence - it represents evil. it is the means by which all power will be held by a few and then just one. people think that power saves - they are fucktards.
Inflation, hmmmmmmm. I'm a shopper. Prego usually $2.68 on sale for $1.42. Coffee on sale for $4.99 32 oz Chase and Sanborn. Chicken usually $7 for a whole on on sale for $3.50 today. Shopping the sales tells me no inflation but buying when I run out tells me inflation. Lucky to have 2 deer in 1 freezer and 2nd freezer stuffed with bargains on sale. Am at 6 months regular eating saved, don't know how long if needing to slow intake. Just hoping the power doesn't go out.
This will never happen in America (for while). The government will use our money to ensure that the McDonalds' of the country do not change their dollar menu. As long as the dollar menu stays the same, the sheeple will not riot. The country will continue to crumble as Sheeple eat McSoylentGreen.
We've exported inflation into the world and it's showing. We have inflation here, but for right now it's called value deflation (less value and cost more) on many things. But on some things like fresh fruit or fish, you see inflation big time.