Sudan Next To Succumb To Bernanke's Inflationary Experiment, As Country Threatens Revolution Over Surging Food Prices

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Tue, 01/18/2011 - 08:52 | 883678 Alcoholic Nativ...
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Tue, 01/18/2011 - 08:56 | 883682 grunk
grunk's picture

This is as much State Department policy as it is Federal Reserve policy.

Tue, 01/18/2011 - 09:13 | 883713 slippery johnny
slippery johnny's picture

Grunk, my thoughts exactly.  I am glad you posted this line of thinking.  But my question is why?  The only thing I can come up with is that the chaos will bring in a one world government after a global world war.  This sucks.

Tue, 01/18/2011 - 09:23 | 883732 grunk
grunk's picture

I think they're trying to bring China to the negotiating table (they have a higher food to income ratio than the U.S.), bust up some of these regimes the U.S. doesn't like (food aid to the ones it does like).

The U.S. is threatening to take down the whole world in a financial game of chicken.

bankonzhongguo put it very well on yesterday's China thread:

 "Its the grand game of the 21st century - for the last gasp of whithered colonialists to otherwise break China (again)."

Tue, 01/18/2011 - 12:25 | 884178 ElvisDog
ElvisDog's picture

Oh God, enough with the one-world government. What makes you think that even if such a thing was put into place that it wouldn't immediately descend into squabbling and chaos? I think James Howard Kunstler is right - that the world will go in the opposite direction towards smaller regional political units.

Tue, 01/18/2011 - 13:28 | 884344 DocLogo
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I think we are heading towards a single currency. And the governing body in charge of regulating that currency could be considered a government. I still think we'll have regional elections like we do now. I just think they will be meaningless...sort of the way they are now. I mean, let's face it, it wouldn't be that much different than what we have today. Congress has no oversight over the Fed.

Tue, 01/18/2011 - 09:22 | 883729 sushi
sushi's picture

Hillary "Pork Belly" Clinton recently gave a speech in Saudi to the GCC in which she warned them of increased social unrest due to self-serving quasi goverment kleptocrats, inflexible, autocratic political systems and extremely wrong headed fiscal and monetary policies. SHe warned them that if they continued to emulate the US they would be faced with riots and rebellion.

Less than 2 weeks later this prophecy comes true in a US client state. A lot of folks in the ME will now be asking exactly whose side the US is on when it offers "support."

Tue, 01/18/2011 - 10:53 | 883894 ChanceIs
ChanceIs's picture

+10 !!!!  LOL .......  "Pork Belly " Clinton

ZH posted a table of the richest politicians yesterday.  "Pork Belly" came in there at about $30 megabucks.  Not that I mind people making money and being rich.  But pleasssssssseeeeeee.  How do you do that on a government salary, President's wife, NY Senator or Secretary of State???  What did she average salarywise since 2000 .... $150K?  Maybe its Bubba's money from all of the speaking engagements.

Just what is our foreign policy anyway???  I guess a national Stockholm Syndrome WRT our Chinese overlords is the goal.  Its so nice not having to worry about making decisions.  Just kiss the hand that so foolishly lends to you and do everything it says.

Tue, 01/18/2011 - 10:26 | 883836 pan-the-ist
pan-the-ist's picture

Yes.  We make other nations dependant on our cheap food (cheaper than they can produce themselves thanks to our socialist farmers), and 'modernize' their economies.  Really, who wouldn't rather stitch a baseball then harvest rice?

As Jesus said, give a person free fish and they don't have to fish for themselves.  The next generation will not know how to fish, and famine will take care of the rest.  (Oh, and cheap real estate when the dust settles.)


Tue, 01/18/2011 - 10:44 | 883869 Doctor sahab
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south Sudanese oil maybe?

Tue, 01/18/2011 - 08:57 | 883683 John Law Lives
Tue, 01/18/2011 - 08:58 | 883686 The Rock
The Rock's picture

The Bernank, like a broken record, will just repeat in his pussy-lipped way:

"100 percent"

Tue, 01/18/2011 - 09:09 | 883695 EscapeKey
EscapeKey's picture

The Sudanese are clearly mistaken, we are experiencing severe deflation, and besides, producer input prices don't have anything to do with consumer prices, so what are they rioting for?

/At least according to Keynesian students on reddit.

Tue, 01/18/2011 - 09:10 | 883701 cossack55
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I'm sure it is about Steve Jobs and all their Apple stocks.

Tue, 01/18/2011 - 09:19 | 883717 Sudden Debt
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The "Steve Jobs app." is no longuer supported by Itunes due to errors in the DNA code.




Tue, 01/18/2011 - 11:10 | 883931 e_goldstein
e_goldstein's picture

funniest thing i've read this morning.

Tue, 01/18/2011 - 09:12 | 883709 John Law Lives
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Wheat and corn prices are surging:

The Ben Bernank should donate his brain to science.  Many scientists believe pathological liars have an altered brain chemistry.  It is good to be 100% of a reference point.

Tue, 01/18/2011 - 10:29 | 883843 pan-the-ist
pan-the-ist's picture

We need to end ethanol subsidies.

Tue, 01/18/2011 - 11:21 | 883955 John Law Lives
Tue, 01/18/2011 - 11:34 | 883997 ciscokid
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Brain ? They will find a rotten pea inside his head.

Tue, 01/18/2011 - 09:09 | 883697 cossack55
cossack55's picture

Well, if he can control inflation in about 15 minutes, world hunger he can cure on his lunch hour. Nothing is impossible for The Ben Bernank.

Tue, 01/18/2011 - 09:11 | 883704 Internet Tough Guy
Internet Tough Guy's picture

Lighten up, Sudanese. Have you seen the new iPhone 4? It's so much cooler than eating.

Tue, 01/18/2011 - 09:30 | 883748 Oh regional Indian
Oh regional Indian's picture


Tue, 01/18/2011 - 09:54 | 883788 buzzsaw99
buzzsaw99's picture

It's the shizzle. Sudan should order some takeout and chill.

Tue, 01/18/2011 - 09:12 | 883708 Hernando
Hernando's picture

Bernanke along with Greenspan, Hank Paulson, Rubin, former Sen Gramn of TX, Larry Summers should be tried for treason and crimes against humanity.  After an open and fair trial they will easily be convicted.  After the conviction they should be executed by military firing squad.  This is the only message these pigs will understand.

Tue, 01/18/2011 - 09:32 | 883751 cossack55
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Don't forget criminal Graham's wife, the former dishonorable chairwoman of the CFTC.

Tue, 01/18/2011 - 10:23 | 883829 Calmyourself
Calmyourself's picture

Firing squad?  far too quick.  Imo, caged no food, except for the four course meal left just outside their reach every day

Tue, 01/18/2011 - 09:13 | 883711 Sudden Debt
Sudden Debt's picture

Algeria is the country to watch right now :)

actually... better watch the entire continent of Africa...

Tue, 01/18/2011 - 10:32 | 883853 DonnieD
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Perhaps in 5 years we look back at Tunisia as the black swan when most eyes were focused on Europe and elsewhere.

Tue, 01/18/2011 - 11:43 | 884030 Problem Is
Problem Is's picture

If Mubarak flees Egypt with 1 and half tons of gold... Then I will see black swans and take notice...

Tue, 01/18/2011 - 09:15 | 883714 Sudden Debt
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This month Khartoum cut subsidies on petroleum products and key commodity sugar, prompting protests over the past week, quelled only by baton-wielding police firing teargas.

Sugar went up. No wonder why they are upset! That means Coca Cola and Candy prices will rise!



Tue, 01/18/2011 - 09:20 | 883724 EscapeKey
EscapeKey's picture

So, from what I understand, the gov't got tired of having to spend progressively larger amounts subsidising key commodities, and pulled the rug; same as Indonesia with oil a few years back?

Tue, 01/18/2011 - 10:31 | 883848 pan-the-ist
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Your Coka Cola has sugar in it?  Ours has Corn Syrup.  I assumed Europe had Corn Syrup as well.

Tue, 01/18/2011 - 11:46 | 884039 Problem Is
Problem Is's picture


Hostess Donut Price Increases = Amerikan Riots!

"No donuts! No peace!"
"No donuts! No peace!"
"No donuts! No peace!"

Tue, 01/18/2011 - 09:22 | 883731 Oh regional Indian
Oh regional Indian's picture

if everything originated Out Of Africa, then so might TEOTWAWKI?

Watching the onions here in India. Just to give you an idea of the difference between public demand and market prices... the government is promising a quick return to 5 rupees (8 cents) a kilo while the market is Rs. 60 (approx. $1.50) or more.

TV is a good anti-dote for public fury. 


Tue, 01/18/2011 - 12:28 | 884185 ElvisDog
ElvisDog's picture

4 cents per pound for onions. That seems really cheap. I told my kids that onions are the most commonly eaten vegetable in India and they were mystified/horrified.

Tue, 01/18/2011 - 09:27 | 883741 Pants McPants
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The other day someone suggested the ultimate justice for The Bernank, et al would be to drop them in the streets of Tunisia.  If the group could convince the natives of the benevolence of their policies, they would live.  If not, well, we know what happens.

Tue, 01/18/2011 - 09:55 | 883791 sushi
sushi's picture

drop them in the streets

You mean like from a helicopter? Seems appropriate. Lots of meat on those bones. Mmmm.

Tue, 01/18/2011 - 09:28 | 883743 Quintus
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Indian police used water cannons to dispel crowds protesting in New Delhi today against fast-rising food prices.

But, but...Ben said there was deflation!  He would never lie to us, would he?

Tue, 01/18/2011 - 09:40 | 883769 Sudden Debt
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Tue, 01/18/2011 - 09:29 | 883745 BurningFuld
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It becomes harder for the corrupt dictators of these countries to funnel off money when the amount going to food subsidies keeps going up. The Caymen Island Banksters must eat first.

Tue, 01/18/2011 - 09:29 | 883747 bania
bania's picture

Bernanke is 100% confident he can take a third of the gold from Fort Knox and hop on a plane to Malta... in 15min!

Tue, 01/18/2011 - 09:57 | 883793 sushi
sushi's picture

He may be right.

A third of the gold in Fort Knox probably would not even fill his waistcoat pockets.

Tue, 01/18/2011 - 10:08 | 883784 Paper CRUSHer
Paper CRUSHer's picture

A typical short late night bedroom conversation at Bennie's:

Mrs Bernanke:"Oh honey did you catch the late news last night.......there's alot of civil unrest going on in many african states due to rising prices?"

Mr Bernanke:"So what",

Mrs Bernanke:"The poor folks,this ain't normal honey. I know our great nation is a major exporter of monetary policy, I mean,could this have anything to do with it ...this QE2 stuff i mean? But look at the consequences of all this dear....please no more QE honey"

Mr Bernanke:"But toots,this time is different..... I have all the policy tools to deal with any situation.Just pass that jar of amphetamines over here and gimme a large glass of water to wash this shit down"



Tue, 01/18/2011 - 09:54 | 883789 alter ego
alter ego's picture

All of this is just a symptom of Peak Oil.

" every calorie of food we eat uses at least 10 calories of energy from oil"


Almost every current human endeavour from transportation, to manufacturing, to electricity to plastics, and especially food production is inextricably intertwined with oil and natural gas supplies.

* Commercial food production is oil powered. Most pesticides are petroleum- (oil) based, and all commercial fertilisers are ammonia-based. Ammonia is produced from natural gas
* Oil based agriculture is primarily responsible for the world's population exploding from 1 billion at the middle of the 19th century to 6.3 billion at the turn of the 21st
* Oil allowed for farming implements such as tractors, food storage systems such as refrigerators, and food transport systems such as trucks
* As oil production went up, so did food production. As food production went up, so did the population. As the population went up, the demand for food went up, which increased the demand for oil. Here we go round the Mulberry bush
* Oil is also largely responsible for the advances in medicine that have been made in the last 150 years. Oil allowed for the mass production of pharmaceutical drugs, and the development of health care infrastructure such as hospitals, ambulances, roads, etc


Tue, 01/18/2011 - 10:42 | 883866 pan-the-ist
pan-the-ist's picture

1. Technology makes gathering food easier. This has been true for the last 20,000 years.

2. Technology makes gathering food easier. This has been true for the last 20,000 years.

3. Technology makes gathering food easier. This has been true for the last 20,000 years.

4. Technology makes gathering food easier. This has been true for the last 20,000 years.

5. Technology makes gathering food easier. This has been true for the last 20,000 years.*

*it has also made people lazier, hence the need for treatments of diseases that didn't exist 100 years ago.

Tue, 01/18/2011 - 11:42 | 884026 trav7777
trav7777's picture

Do you grasp what technology IS?

It is the enablement of the use of energy.

Our technology has been the conversion of OIL joules into joules of other isn't magic that bringeth something from nothing.

"Easier"?  Not in an energy sense.  People act like the oil age has meant less expenditure of energy because people don't have to carry shit.  It's actually the opposite; we consume VASTLY more energy in this supposed "more efficient" and easier reality than we did when we lacked the technology that is supposed to be our savior from the very issues that technology has created.

Tue, 01/18/2011 - 11:49 | 884051 Green Leader
Green Leader's picture

You speak like one of us natural resources majors but with very solid financial knowledge.

Perhaps you, ORI and I could start a business...

Tue, 01/18/2011 - 23:04 | 886172 pan-the-ist
pan-the-ist's picture

So... it is more effecient to produce food without oil?  What's the problem again?

Tue, 01/18/2011 - 12:34 | 884199 ElvisDog
ElvisDog's picture

Technology and energy are different entities. All the technology in the world won't increase the energy content of a barrel of oil. The reality is that energy prices are tightly linked to food prices. We can't feed the current population of the Earth at the current prices without cheap oil.

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