Rioting Breaks Out In Egypt

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
maneco's picture

Only a matter of time until it gets to the Developed world.

andybev01's picture

I'm not quite awake yet, I first read that as Disney World.

sushi's picture

Same thing. Prices are a bit less in some regions and many of the clowns keep getting elected but it is the same mickey mouseconomics.

hedgeless_horseman's picture

Elsewhere, it is not at all surprising that the UNWFR just released a program promoting food subisidies to eliminate the risk of rioting:

But...but...I thought food subsidies only enriched wealthy farmers?  Are  farmers rioting?  No.  The eaters are rioting.  Farm subsidies subsidize eaters, not farmers. 

http://www.zerohedge.com/article/food-riots-commence-feds-loose-money-policy-leads-first-violence-2011#comment-853238

vxpatel's picture

Rich farmers? Now that's an oxymoron...how'bout rich farming corporations....?

ADM

MachoMan's picture

If you have any remote clue about what the fuck you are doing, farming is nothing short of one of the most lucratic professions possible.  Unfortunately, it is a dying art and those that possess these skills are becoming even more coveted.  Yes, most farmers have created farming entities to limit their liability...  as well as to help ensure maximization of governmental payments (loopholes closing though).

There may be large corporations that own various tracts, but around these parts, they're all farmed by the yocals...  and not for migrant worker wages either (these are who the farmers use heh).

Malcolm Tucker's picture

Here is video of the riots in Algeria, along with a warning from the hacker group Anonymous to the Algeria gov.

http://fedupmontrealer.blogspot.com/2011/01/algeria-next.html

Almost Solvent's picture

I had a small farmer tell me one time that being a professional gambler had better odds than farming.

 

I had another farmer tell me that there are 2 occupations to avoid: (1) anything that must rely on good weather to break even, let alone turn a profit or (2) family business and you ain't family.  

wisefool's picture

http://www.agriculture.com/news/business/machinery-pete-recd-tract-prices_5-ar13880

 

"Now I know. The answer is $72,000.

Last week in this column I wondered what the 1998 JD 8100 2WD tractor with 1,616 hours would sell for on Moss Auction Team's January 12th farm sale in Dana, IN. It sold yesterday on a cold, wintry day in west-central Indiana for $72,000, making it the highest auction sale price I've seen on a 2WD Deere 8100 tractor."

Another farmer told me: 3) If you want to make a small fortune in farming, start with a large one.

As I see it around me, your #2 (and others comments) are also very relevant. The average age of the american farmer is something like 58 years old. In the vast cornbelt tracts there is huge aggregation thanks to the power and performance of equipment available. You can pay a teenager to operate most of the equipment for $10/hr. When he quits, there are 10 more guys who will gladly take the job. So there is not a steady supply of apprentices into the program. And even if there were, there is no way that hired hand  can save enough money to buy the old unreliable equipment, much less the land.

Enter MSNBCs long running feature "Can central banks fix the food crisis?" Of course they can. Re-train all those mortgage brokers to front sell multi-generational farm  loans. Also fund a bunch of traders with QE money to create speculative markets in inputs and outputs. When the next generation of farmer without an Econ PhD and a bloomberg terminal fails, let him give his land and equipment to ADM, who will gladly hire him at $10/hr to operate the equipment and land he used to own.

Youtube version staring Blankenfeild proxy CEO of Brawndo INC: http://www.youtube.com/watch?v=Tbxq0IDqD04

 

Titus's picture


I had a small farmer tell me one time that being a professional gambler had better odds than farming.

 

I had another farmer tell me that there are 2 occupations to avoid: (1) anything that must rely on good weather to break even, let alone turn a profit or (2) family business and you ain't family. 

Usually true, especially when the cock sucking bankers expect annual interest payments (i.e. regular money from a cyclical, weather based business).

MachoMan's picture

Well, a professional gambler is probably good at gambling...  is your guy good at farming?  My comment was prefaced with the fact that you need to at least know what the hell you're doing (and the farm game changes daily)... 

To comment briefly on weather factors, how is it that some farmers in the same area manage to brave the weather and produce a bumper crop?  A substantial portion of weather related issues can be mitigated by being incredibly organized...  meaning largely, get your crops in the ground asap and out of the ground asap.  If you don't have water, then you need to pump it or utilize above ground storage... and to do all of this, most times, without a collegiate or trade degree of any sort is difficult...  [which is why I contend the successful/good farmers are among the most naturally intelligent people in this country].

Now, if you farm property where you cannot control hardly anything or otherwise mitigate weather factors, then you're just asking for trouble...  I could definitely see why in those situations, you might equate it to gambling on the weather...  this is not the case so much in other areas...

I won't even touch the issue of leverage, but if you lever up big, again, you're asking for trouble in the business...  you'll have to farm for a few years before the war chest gets big enough to not give the banks a crack at your land... but, even as an owner of the land, you cannot lever and make anything on your investment... 

And no, being a professional gambler does not have better odds than farming in a reasonable manner...  some years you do lose, this is true...  but you should have had plenty tucked away from prior years...  and the best farmers I know manage to still break even on bad years just because of their expertise and skill levels.

At a base level, farming can seem incredibly simple and straight forward...  however, it is also something that can never be mastered...  just practiced...  it is entirely too complicated and dynamic for perfection.  But, perfection is not necessary to earn a very decent living (and deduct the fucking hell out of shit to boot).

DaveyJones's picture

It is also one of the most screwed up industries at every level. Not that food is important. The subsidy system is very screwed up:

"Some proponents view farm subsidies as appropriate for "family" or small farmers, but inappropriate for "corporate" or large farms. Many subsidy programs have limits on the size of the farm that can receive subsidies.

Critics also argue that agricultural subsidies go mostly to the biggest farms who need subsidization the least. Research from Brian M. Riedl at the Heritage Foundation showed that nearly three quarters of subsidy money goes to the top 10% of recipients.[30] Thus, the large farms, which are the most profitable because they have economies of scale, receive the most money. Between 1990 and 2001, payments to large farms have nearly tripled, while payments to small farms have remained constant.[31] Brian M. Riedl argues that the subsidy money is helping large farms buy out small farms. "Specifically, large farms are using their massive federal subsidies to purchase small farms and consolidate the agriculture industry. As they buy up smaller farms, not only are these large farms able to capitalize further on economies of scale and become more profitable, but they also become eligible for even more federal subsidies—which they can use to buy even more small farms."[30] Critics also note that, in America, over 90% of money goes to staple crops of corn, wheat, soybeans, and rice while growers of other crops get shut out completely. In Europe, for instance the Common Agricultural Policy has provisions that encourage local varieties and pays out subsidies based upon total area and not production. Other points aside, research has shown that small farms receive more payments in relation to value of their crops than big farms.[32 ..

The United States currently pays around $20 billion per year to farmers in direct subsidies as "farm income stabilization"[9][10][11] via U.S. farm bills. These bills date back to the economic turmoil of the Great Depression with 1922 Grain Futures Act, the 1929 Agricultural Marketing Act and the 1933 Agricultural Adjustment Act creating a tradition of government support. A Canadian report claimed that for every dollar U.S. farmers earn, 62 cents comes from some form of government, with total aid in 2009 from all levels of government adding up to $180.8 billion.[12]

The beneficiaries of the subsidies have changed as agriculture in the United States has changed. In the 1930s, about 25% of the country's population resided on the nation's 6,000,000 small farms. By 1997, 157,000 large farms accounted for 72% of farm sales, with only 2% of the U.S. population residing on farms. In 2006, the top 3 states receiving subsidies were Texas (10.4%), Iowa (9.0%), and Illinois (7.6%). The Total USDA Subsidies from farms in Iowa totaled $1,212,000,000 in 2006.[13] From 2003 to 2005 the top 1% of beneficiaries received 17% of subsidy payments.[13] In Texas, 72% of farms do not receive government subsidies. Of the close to $1.4 Billion in subsidy payments to farms in Texas, roughly 18% of the farms receive a portion of the payments.[14]

"Direct payment subsidies are provided without regard to the economic need of the recipients or the financial condition of the farm economy. Established in 1996, direct payments were originally meant to wean farmers off traditional subsidies that are triggered during periods of low prices for corn, wheat, soybeans, cotton, rice, and other crops." [15]

Top states for direct payments were Iowa ($501 million), Illinois ($454 million), and Texas ($397 million). Direct payments of subsidies are limited to $40,000 per person or $80,000 per couple.[15]

The subsidy programs give farmers extra money for their crops and guarantee a price floor. For instance in the 2002 Farm Bill, for every bushel of wheat sold, farmers were paid an extra 52 cents and guaranteed a price of 3.86 from 2002–03 and 3.92 from 2004–2007.[16] That is, if the price of wheat in 2002 was 3.80 farmers would get an extra 58 cents per bushel (52 cents plus the $0.06 price difference).

Corn is the top crop for subsidy payments. The Energy Policy Act of 2005 mandates that billions of gallons of ethanol be blended into vehicle fuel each year, guaranteeing demand, but US corn ethanol subsidies are between $5.5 billion and $7.3 billion per year. Producers also benefit from a federal subsidy of 51 cents per gallon, additional state subsidies, and federal crop subsidies that can bring the total to 85 cents per gallon or more.[17] (US corn-ethanol producers are also shielded from competition from cheaper Brazilian sugarcane-ethanol by a 54-cent-per-gallon tariff[18][19])"

 

http://en.wikipedia.org/wiki/Agricultural_subsidy

The documentary "King Corn" does a great job of demonstrating how insane it all is. 

http://www.youtube.com/watch?v=UiCRwMMh9k8

The saddest part of all of this is that it (like many other things) is completely dependent on oil and natural gas. That together with the utter soil destructive practices is slow suicide. If anything, we should be promoting the complete transition to permaculture and soil / water repleneshment. 

http://www.youtube.com/watch?v=xShCEKL-mQ8

 

wisefool's picture

 

"The saddest part of all of this is that it (like many other things) is completely dependent on oil and natural gas. That together with the utter soil destructive practices is slow suicide. If anything, we should be promoting the complete transition to permaculture and soil / water repleneshment."

Very difficult to do. The big farmers operate several thousand acres. (own/rent) Typically they soak up all the conservation subsidies for they ground they own and will pass down/sell. They may try to maintain good soil practices on the land they rent, but it is bad enough that you gotta drive your equipment  15 Mph over 100s of miles just to get the crops in and out of the field. (your fuel reference) There really isn't time to do anything other with the outlying ground other than exactly what big-agra tells you to do. Pesticides, Fertilize, GMO seeds, and plant what ever crop the traders on the CBO tell you to plant. Cause your landlord will drop you in heartbeat if another tenant  is willing to get $10 more an acre by hiring an full time accountant, tax lawyer, and grant writer to play the big game better.

 

 

 

Treeplanter's picture

There are still a lot of independent farmers in the USA.  And we have a lot of fallow land overgrown with non commercial trees and brush.  Farming is a good option for young people once again.  And all the best to those tenacious family farms that are finally getting good prices for their crops.  No one deserves it more.

MachoMan's picture

I hope to be doing this within three years...  small and without leverage...

chumbawamba's picture

It's happening in Disney World as well, otherwise known as Lebanon.

http://www.nowlebanon.com/BlogDetails.aspx?TID=1073

Goons of March 8 (the US/Saudi-backed political alliance alined against March 14/Hizballah) are demonstrating their usual idiocy, attempting, it would seem, to topple a news van amidst their own tightly packed crowd.  Then, all-out idiocy ensues when someone mounts the van and begins riding it like a mechanical bull.

Of course, they're rioting over local elections (Hizballah is set to take control).  But it's all connected.  The ME is a powder keg and the fuse is being lit.  Ultimately, it all comes down to Israel.  They can defeat Arab armies, but they don't stand a chance against the Arab People.

I am Chumbawamba.

Oh regional Indian's picture

Not so easy to wake the west.

Watch the dis-tractions increase as things come to a head. Clearly Oprah is on the dis-traction band-wagon.Long-lost half-sister show. I can imagine the teary eyes.

Lot's of new nakedness. Nipple slips during the super bowl. General surprise nakedness and violence will abound.

Watch the media for increasing dis-traction as a sign of increasing desperation to keep the sheep corralled.

ORI

http://aadivaahan.wordpress.com/2011/01/21/accidental-lives/

 

vxpatel's picture

We are not focused on distractions! You are generalizing a great country! Where's the gay-illegal-alien-terrorists who want to get married and abort their late term fetuses?

Oh regional Indian's picture

"Where's the gay-illegal-alien-terrorists who want to get married and abort their late term fetuses?"

That's funny vx. Very good situational capture ;-)

ORI

Almost Solvent's picture

They are all standing in line to sign up for free welfare, SNAP cards, WIC, unemployment, Earned Income Credit, etc.

 

 

GeorgeHayduke's picture

Of course if those low-rent distractions don't work, they've always got the "some tourist was killed along the Mexican border" schtick they can use.

And....if that doesn't work and the sheople really start to awaken, they always have the good old ace-in-the-hole, a false flag "terr'rist" event. I mean, Osama bin Laden, that evildoer who lives beyond all time and dimension, just threatened France. Gosh, I wonder if our great-grandkids will cower in fear from an Osama threat as he seems to never age, outlive being bombed to death, and be responsible for all terror everywhere. He's Jason comes alive...and he's coming to you're bedroom....

vxpatel's picture

I'm more afraid of priests in my bedroom than osma bin laden...

velobabe's picture

tonto, it appears females don't participate in protects in Egypt. if they did, these numbers would double and it really would be a huge and impressive human body count.

Oh regional Indian's picture

Did you just say tonto?

Pretty dumb Velo. 

ORI

velobabe's picture

tonto, i remember was very cool man. but you should have thicker skin, to be in fight club. people call me names all day long, my wHOLE life. i am nickname queen.

i was in love with tonto and the lone ranger. they were my heroes. i didn't do girlie things growing up, except when i would play robin hood in the bushes, by myself, and was both him and maid marion.

 

Tonto - Wikipedia, the free encyclopedia
tonyw's picture

Ahram Online is providing live updates from Egypt:

 

http://english.ahram.org.eg/NewsContent/1/64/4773/Egypt/Politics-/Live-u...

 

I haven't seen any women in the pictures.

 

GDE's picture

No females and "Allah Ackbar" all over the place. No good signs at all. Get ready for a total islamisation of Arab and Middle East countrie states.

Edit : you don't need to flag me as junk once again to hide the truth. "Allah Ackbar" is a battle cry in the name of Allah and you know it pretty well.

Big Corked Boots's picture

I read about Oprah's sister. My immediate impression was, what is going to happen in the next 1-7 days that nobody wants Americans to see?

Oh regional Indian's picture

My sentiments exactly. And I read it on a news site that had a live twitter feed. And the twits were twitting away, inane one-liners. Hundreds of them. Very bizarre. I watched like a bad movie. 

Something is definitely up and it's not blue skies and unicorns.

ORI

 

KickIce's picture

They have the sheeple pretty well conditioned over here.  They'll see increases at the grocery store but the greedy corporations will get the blame.

Rodent Freikorps's picture

Get a grip, people. The sheep never join the fight. Ever. The best you can hope is they get out of the way.

3%

KickIce's picture

That was my point.  When food prices spike they wll provide plenty of civil unrest, but will be hard pressed to blame the government since that is their main source of income.  Their sense of entitlement will make them most dangerous to anyone in the immediate vicinity that has assets.

Mariposa de Oro's picture

My thoughts, exactly.  All those ME countries need their own version of Dancing with the Stars or some other such drivel.  Combined with food subsidies, the mobs will stay home, glued to the TeeVee.

Xibalba's picture

I say by the year....2012

1223pm's picture

I feel like something big is in the pipeline. Hezbollah backed government in Lebanon,

Al-Jazeera's release of Palestine papers, riotes in Egypt. All around Israel. May be Iran's declarations of nuclear state is on the way?

i need some coffee!!

 

Arius's picture

i think you missed the last meeting in Instanbul (should we call it by its REAL NAME Constantinople) where EU Commissioner had to phisically block the entrance to not allow the Iranian representative walk out...yeah, perhaps, a pot of coffee is more like it...and watch Al-Jazeera some pretty good discussions you dont see on American tv

bunkermeatheadprogeny's picture

Its already here.

But instead of price controls, it's called widespread use of food stamps in the U.S.

TruthInSunshine's picture

The Bernank covers the Police's "Every Breath You Take" as a tribute to the inflation ravaging the world, and especially, the developing world (this video is more relevant than ever now):

Every Breath You Take

WALLST8MY8BALL's picture

Maybe in Europe yeah, but rioting is just another job that American's just dont want to do.

Gully Foyle's picture

maneco

http://www.youtube.com/watch?v=6ljxpyH4dnA

Jefferson Airplane Volunteers Lyrics Look what's happening out in the streets
Got a revolution, got to revolution
Hey, I'm dancing down the streets
Got a revolution, got to revolution
Ain't it amazing all the people I meet?
Got a revolution, got to revolution

One generation got old
One generation got soul
This generation got no destination to hold
Pick up the cry

Hey, now it's time for you and me
Got a revolution, got to revolution
Come on, now we're marching to the sea
Got a revolution, got to revolution

Who will take it from you?
We will and who are we?

We are volunteers of America
Volunteers of America
Volunteers of America
Volunteers of America

Got a revolution
Whoa, got a revolution

Look what's happening out in the streets
Got a revolution, got to revolution
Hey, I'm dancing down the streets
Got a revolution, got to revolution
Ain't it amazing all the people I meet?
Got a revolution

We are volunteers of America
We are volunteers of America
We are volunteers of America
Volunteers of America
Volunteers of America
Volunteers of America

Bob's picture

Update on rioting:

http://www.bbc.co.uk/news/world-africa-12272836

Looks like the government is going to fall.

bonddude's picture

Food riots caused by vampire bankers in Sonoma discussed by OBAMA/BUSH

http://www.xtranormal.com/watch/8287439/

GDE's picture

Riots in Tunisia were apparently not food riots. Uncle Sam might have play a significant role in Ben Ali's fall.

Article in french : http://www.lexpress.fr/actualite/monde/afrique/les-etats-unis-ont-ils-jo...

They're also testimonies on Western mercenaries Blackwater type operating in the streets in Tunisia during the riots.

Fow now on, we might take these governments fall because of food riots stories with a grain of salt. Someone has an agenda here.

AnAnonymous's picture

Riots in Tunisia were apparently not food riots. Uncle Sam might have play a significant role in Ben Ali's fall.

 

Funny one.

Usually, the US cheers when 'democracy' is installed in a country previously ruled by a dictartorship that was adverse to the US interests.

Did not hear much cheering from the US. Has the Wooden Puppet spoken in favour of Tunisians overthrowing their tyrant?

The reality is that this Ben Ali guy was the type that is loved in the West, unrepresentative of his people and totally dedicated to the Western world interests.

His getting ousted from Tunisia is a loss for the US.

The worst that could happen in Tunisia is a government that tries to represent the locals' best interests as they will collide with the West's best interests here and there.

If this happens, Tunisia shall wait a long, long time before getting its democracy badge of honour attributed by the world democratic gang. Every little issue will be a good excuse to tell that the new Tunisian government is not democratic but something else...

Azannoth's picture

They won't call it a democracy untill they have a Central Bank run by and for the jews

GDE's picture

"The reality is that this Ben Ali guy was the type that is loved in the West"

That's not what Wikileaks says. The USA didn't like Ben Ali. http://www.huffingtonpost.com/martin-varsavsky/what-us-diplomacy-can-lea...

But you are right, Tunisia and others muslims states will wait long time before getting democracy since democraty is a Western political concept that never worked in muslim countries for cultural and religious reasons.

 

 

AnAnonymous's picture

The leak reports that the US knew that Ben Ali was corrupt. It stated nothing more.

 

Democracy is just a gang label tied to no unvariant features.  It is all about being part of the club.

Iraq will (and probably already is) be part of the democratic gang. A courtesy of the US. The puppet government in Iraq will not be adverse to West World interests.