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Violence Over Surging Food Prices In Algeria Spreads As Rioting Leaves Many Dead In Neighboring Tunisia

Tyler Durden's picture




 

A week ago we noted that the first Fed 'excess liquidity' inspired violence of the year broke out in Algeria, where following the recent release of FAO data confirming food prices have just hit an all time high, rioting broke out "over rising food prices and chronic unemployment... with youths torching government
buildings and shouting "Bring us Sugar!" To be expected, this event received no coverage in the US. In the meantime, the violence has escalated and spread to neighboring Tunisia, where weeks of clashes have left 14 dead. The reason for the lethal violence- "high unemployment and the surging cost of living." One would think that excess economic slack from pervasive unemployment would bring about a plunge in the cost of living... Unfortunately, that is not the case in a centrally planned world. 

Al Jazeera summarizes the tragic developments in the following report:

More from Al Jazeera:

The Tunisian government has said it will listen to protesters, after weeks of unrest over high unemployment and the cost of living left dozens of people dead and raised the tensions.

Samir al-Obaidy, the country's communications minister, told Al Jazeera that the government was responding to the unrest.

"The message has been received by the government and all political channels," he said.

"With the backing of the president, we have already put in place urgent measures and allocated $5bn for the development of various areas."

Government officials reported that 14 people were killed since Saturday in clashes between the security forces and protesters in the towns of Thala, Kasserine and Regueb.

However, Tunisian union sources said that the number was at least 20.

Unfortunately, high cost of living is starting to translate into deaths:

Lina Ben Mhenni, a Tunisian blogger and university assistant, told Al Jazeera that "a lawyer confirmed that more than 20 people were killed in Thala and Gassrine alone".

"Last night I went to the hospital in Regueb, a town that is 38km from Sidi Bouzid, and can confirm that at least five people were killed," she said.

"Among them was a young woman of 26 years old, who is a mother of two children. I went to her home and her family said that she was not taking part in the demonstration - she was just walking past the area."

Al Jazeera was unable to independently verify the death toll in Tunisia.

Belgacem Sayhi, a teacher and trade union activist, said that the victims in Tala were between 17 and 30 years old, and were killed when the police opened fire on the crowd.

Protesters had set fire to the offices of the ruling political party, and the government said that police only fired back when warning shots failed to disperse the crowds.

Ben Mhenni told Al Jazeera said that she tried to visit Kasserine as well, but police had cordoned off the town and did not let her in.

Union sources said that security forces surrounded the headquarters of the Federation of Labour in the city, trying to break into it.

As always, we can hope that these very unfortunate developments do not manifest themselves in the US.

And those who can stomach graphic content, the following site shows the casualties of ongoing rioting direct from one of the receiving hospitals. Again, we warn that this video is very graphic - link.

 

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Tue, 01/11/2011 - 17:05 | 868101 Jason T
Jason T's picture

Americans, start growing a garden and raising chickens for goodness sakes.  

Tue, 01/11/2011 - 17:14 | 868146 CrazyCooter
CrazyCooter's picture

Sadly, many municipalities expressly ban farm animals. Gardens are almost always OK, but I can imagine some HOAs out there who would disagree.

I would also point out that the post included the death of a young mother for being at the wrong place at the wrong time. The denser population centers may have these types of security problems *IF* food scarcity/prices hit hard enough in the US.

The best option is a place out of town if you can swing it, but for most folks this isn't an option. It is going to be a rough ride me thinks...

Cooter

Tue, 01/11/2011 - 17:48 | 868263 flacon
flacon's picture

Keynes was right. Not one man in a million is able to diagnose the problem!

 

"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

~ John Maynard Keynes

 

 

Tue, 01/11/2011 - 17:59 | 868308 EscapeKey
EscapeKey's picture

Hmmm... disagree with the "one in a million" bit. I think it was easier for TPTB to hide atrocities and criminal acts in the age before the internet.

Tue, 01/11/2011 - 17:51 | 868281 Dr. Porkchop
Dr. Porkchop's picture

America isn't ready yet to accept its upcoming status as the kind of place where one drives around on a scooter with a hundred chickens strapped to it.

http://www.fugly.com/media/IMAGES/WTF/scooter_chickens.jpg

 

Tue, 01/11/2011 - 18:19 | 868389 gorillaonyourback
gorillaonyourback's picture

now thats funny, he looks like he is on a mission, wonder if we would get a ticket here in the us

Tue, 01/11/2011 - 18:54 | 868472 minus dog
minus dog's picture

 

Sadly, many municipalities expressly ban farm animals. Gardens are almost always OK, but I can imagine some HOAs out there who would disagree.

I would also point out that the post included the death of a young mother for being at the wrong place at the wrong time. The denser population centers may have these types of security problems *IF* food scarcity/prices hit hard enough in the US.

The best option is a place out of town if you can swing it, but for most folks this isn't an option. It is going to be a rough ride me thinks...

 

First off, anyone living under a HOA in the first place isn't going to get any sympathy from me about rules that get in the way of common sense preparation.  You're right... out of town is the way to go, but it's not as hard as you're making it out to be.  The only problem is that many people only get one shot to make that decision, and their ignorance led them to choose poorly years ago.  The modern suburb is mostly an expression of laziness.

Keep in mind that while gardens are usually OK, in many parts of the nation watering them or collecting water in rain barrels to do so is not.

Secondly, the security problems - large swaths of dense population centers in this country already have, ahem, "security problems".  Not knocking on you in particular, but it's increasingly evident that many here have no idea what it means to be poor in this country and/or to live in the ghetto.  The "bad side of town" is for all intents and purposes a third world nation.

Tue, 01/11/2011 - 20:46 | 868751 NuckingFuts
NuckingFuts's picture

Agreed.  Some of us have done it though.  We sold everything (401K, house, vacation home, etc..) about 4 years ago and became vegetable farmers.  Thankfully my wife has her MS in Sustainable Ag.  We sell produce into a large metro area where we used to live.  I have never worked harder, but did close to 200K in sales last year and looking better for 2011.  I don't own any PM's but I do own (free and clear) 190 acres of tillable land on a river with 2 good springs, tractors and implements, as well as keeping over 100 hens.  I'll trade food for PM's soon.  For those who think they can take it from me...much has been invested in lead. 

I suggest everyone do something.  Even at our home in the burbs we still had a garden and 12 hens.

Gold isn't nearly as tasty as fresh food.

Tue, 01/11/2011 - 17:44 | 868255 flattrader
flattrader's picture

These type of ordinances are easily undone with the right coaliton of citizen activists and a few sympathetic legislators.  The web is full of advice on dealing with a recalcitrant municipal government.

For some odd reason chickens create real problems in communities (even without a rooster present).

Rabbits require less space, are very quiet and easy to conceal if necessary.

Expect that every little kid around town will hate you once they find out what you are up to.

An old German friend of mine kept rabbits for hausenpheffer.  He came to known as Mr. Hitler.

Tue, 01/11/2011 - 17:52 | 868283 ZakuKommander
ZakuKommander's picture

My wife's pet chickens' eggs are delicious . . . when they lay them.  On the other hand, keeping them housed, warm in subzero temps, raccoon-free, healthy, well-fed and watered, and clean is not an easy or inexpensive task.  

How many do you have?

Tue, 01/11/2011 - 18:15 | 868376 flattrader
flattrader's picture

I had about a dozen.  I have since relocated and plan on raising another flock.

I understand the problem.  I too was in an area (upper midwest) were winter temps were severe.  Just miserable in Jan./Feb.

Rabbits are looking better all the time.

Tue, 01/11/2011 - 20:17 | 868677 walküre
walküre's picture

Before you cook your rabbit, let it marinate in buttermilk for one day and night.

The meat will be much more tender and the gamey taste will be reduced.

Problem are the coyotes. They're useless bunch and will be shot if they come anywhere near my place. They interbreed with dogs and become more and more aggressive. Nothing a 22 couldn't handle though.

Tue, 01/11/2011 - 18:20 | 868394 Winisk
Winisk's picture

Rhode island reds and barred rocks do well in the cold.  Mine are laying consistently and the nights are routinely below -10 C.  Best investment I have ever made.

Tue, 01/11/2011 - 18:32 | 868424 flattrader
flattrader's picture

I remember -10 and never want to see it again on a consistent basis again.

I see a polar bear? next to your name.

Gawd, I hope you are not in Alaska.

Tue, 01/11/2011 - 22:16 | 868964 Calmyourself
Calmyourself's picture

Insulate the coop, use a plugged in water warmer on a large tank of water if the water is warm the coop is warm even in Northern MN, a small trap door you can unlatch remotely think long string to eyehook, raise in the AM drop at nite, easy...

Tue, 01/11/2011 - 23:53 | 869214 ZakuKommander
ZakuKommander's picture

We do all, and more. Not saying it can't be done, as we've had chickens for a decade, but you have to devote time daily to opening the coop, feeding, changing water, looking for where the little devils hid eggs, cleaning a bit, whether weather us good if bad, and then closing up at night, isn't always extreme fun. And it's not easy finding sitters when you travel. And nursing sick birds. And when they get over four egg production decreases.

Not for the weak of heart.

Tue, 01/11/2011 - 18:19 | 868392 chopper read
chopper read's picture

Still think your hungry-for-more-power government wants to give you a big 'ol cuddly hug, everybody? Still think we should be handing over our guns for State protection?

Tue, 01/11/2011 - 18:27 | 868412 IQ 145
IQ 145's picture

 Hey, we really needed these extra "bernanke funbux", ya know. So lighten up, already, nobodies perfect.

Tue, 01/11/2011 - 17:09 | 868118 arnoldsimage
arnoldsimage's picture

tyler... please stop posting all these fake videos showing doom and gloom. all is good in the world, just look at our green dow. green dow all is good. green dow all is good.

Tue, 01/11/2011 - 17:38 | 868223 Sudden Debt
Sudden Debt's picture

Today, 19 people got killed in the riots in Tunesia because food prices are to high and unemployement that is through the roof.

Today, 11 people got killed in the riots in Nigeria because food prices are to high

Today there where riots in Egypt because meat prices went up 150%

Today there where riots in Sudan because food transports couldn't get to the capital and food prices went throug the roof.

 

All good news... makes you think about the fact we don't have it bad at all he?

Tue, 01/11/2011 - 17:48 | 868273 EscapeKey
EscapeKey's picture

Could you post some links, please? Outside of Tunisia, that's the first I've heard of it.

Tue, 01/11/2011 - 17:55 | 868294 ZakuKommander
ZakuKommander's picture

That might be because he's in Europe and we aren't.  But our MSM's sports coverage is superb.

Tue, 01/11/2011 - 17:57 | 868302 EscapeKey
EscapeKey's picture

I'm in the UK, and I can't find anything. Not even news.google.co.uk seems to oblige.

Tue, 01/11/2011 - 23:18 | 869127 Cathartes Aura
Cathartes Aura's picture

Fresh rioting broke out in Algiers today as police were deployed around mosques and football matches were suspended after protests over food prices and unemployment.

 

http://www.guardian.co.uk/world/2011/jan/07/algeria-riots-food-prices

. . . from 7 Jan 2011 - couldn't find a Nigeria story tho'

Tue, 01/11/2011 - 17:58 | 868305 nate28jf
Tue, 01/11/2011 - 17:59 | 868313 EscapeKey
EscapeKey's picture

Outside of Tunisia, as in, I know it's going on there, but I can't find anything about Egypt, Sudan or Nigeria.

Tue, 01/11/2011 - 18:03 | 868330 nate28jf
nate28jf's picture

OIC

Tue, 01/11/2011 - 18:18 | 868384 Strider52
Strider52's picture

It's amazing how they keep all this stuff out of MSM. "Don't worry America, we will tell you what you need to hear, and nothing else."

  Man, this is getting scary.

Wed, 01/12/2011 - 12:51 | 870250 Cash_is_Trash
Cash_is_Trash's picture

Al Jazeera does post this stuff... Fox, CNN, CNBC and the other MSM crap don't.

They stick to 'All the propaganda that's fit to print'

Chomsky bitchez

Tue, 01/11/2011 - 20:20 | 868683 walküre
walküre's picture

Their main fare is Couscous.

What's that made of? Corn, I believe.

The corn shortage is directly associated to the bio fuel craze.

The DIRECT result of another stupid Leftist scam gone bad.

Tue, 01/11/2011 - 23:21 | 869134 Cathartes Aura
Cathartes Aura's picture

couscous is made from semolina / wheat.

Tue, 01/11/2011 - 23:39 | 869177 StychoKiller
StychoKiller's picture

Guess you never watch the Food Network :>D

Tue, 01/11/2011 - 18:59 | 868486 Id fight Gandhi
Id fight Gandhi's picture

They always have money for teargas and bullets.

Tue, 01/11/2011 - 17:10 | 868121 DoctoRx
DoctoRx's picture

Tyler-

This report is appreciated on 2 fronts.

1.  The news itself.  

2. The overt tone of restraint in your commentary.

Tue, 01/11/2011 - 20:08 | 868655 Dingleberry Jones
Dingleberry Jones's picture

I second this. Major props.

I have been critical in the past of the Tyler's posting non-financial stuff, but I think that I have erred.  In particular, I whined like a baby about too much hyperbole being injected in the breaking of the Tunisia story (and looking back, it was indeed breaking news).

I would like to reinforce the appreciation in the lack of injection of opinion in this post. It shows major restraint, and makes it vastly easier to digest from an integrity standpoint. News and editorialism need to be separated for widespread acceptance, IMO.

This site is exploding in popularity, and it's already in the three thousands according to Alexa's ranking system (1,212 in straight pageviews).

Breaking down the disinformation wall is an absolutely wonderful goal.

I just feel that it's important to try and get through to more people by letting them connect some of the dots with the news, and doing it for them with separate analysis/opinion pieces. For the most part, the current M.O. is kind of preaching to the choir, so to speak.

I'm not sure if the objective is to let more people know about how screwed up the world is or not, or just hitting the anti-establishment types that currently love this site. Would the message be dilluted by doing what I describe? More importantly is it too hard given the current resources? There is already an insane amount of great info here, so I'm probably tilting at windmills.  I just feel that there are some good things about old school editorial practices. 

 

Just giving some feedback, and I love the work you all do here. It's a must visit site several times a day for me.

Sorry for the rambling.

 

 

Tue, 01/11/2011 - 17:10 | 868122 Tic tock
Tic tock's picture

If the Fed is happy to leave four underqualified people to oversee $7B-a-day UST programs...is ther really any point in even bringing the question of their sanity into the discussion?

Tue, 01/11/2011 - 18:04 | 868316 hedgeless_horseman
hedgeless_horseman's picture

"Inflation is very, very low,"  Bernanke says, and if there was inflation then the Fed can "raise interest rates in 15 minutes if we have to."

In Jordan, not so much...

Tuesday January 11, 2011, 3:24 pm EST

 

AMMAN, Jordan (AP) -- Jordan slashed taxes on fuel and foodstuffs Tuesday to ease the country's economic burden as global food prices rise.

 

The announcement came days after popular labor activist Mohammed Sneid called for nationwide protests on Friday against rising fuel and foodstuff prices and a soaring inflation, which rose by 1.5 percent to 6.1 percent last month.

 

http://finance.yahoo.com/news/Jordan-slashes-taxes-to-ease-apf-1089825731.html?x=0&.v=2

 

Tue, 01/11/2011 - 18:18 | 868387 Caviar Emptor
Caviar Emptor's picture

Bernanke on a televised interview regarding something so basic as the question 'Could the Fed have been more aware of the looming banking crisis in 2008' answered that the Fed wasn't the only agency overseeing the banks. If he can't admit there was a problem in the past, he sure as hell won;t tell you if there's a problem right now

Tue, 01/11/2011 - 18:22 | 868398 EscapeKey
EscapeKey's picture

Yes, just as he didn't technically lie when he claimed the FRB isn't "printing money", it is true he could raise interests in 15 minutes.

Unfortunately, it would completely collapse the housing market, make business loans harder to come by, and increase the amount of personal+business bankruptcies substantially, which would lead to an increase in bank failures, and further strain for even the primary dealers. But hey, TECHNICALLY HE'S CORRECT.

Fucking weaselwords. Ben is a fucking weasel.

Tue, 01/11/2011 - 17:10 | 868123 Cleanclog
Cleanclog's picture

Rumors of same in Lebanon, clashes in Bangladesh, potential shortages coming from Australia which could raise prices of some foods and create problems in Asia . . . unfortunate but likely that food skirmishes will become protests and then riots in additional places through 2011.

Scary to think of the increasingly jobless youth in many Middle Eastern countries and increasingly the European Mediterraneans.  May breed drug abuse (stop thinking - medicate kinda like our markets of late), religious extremism (anger, those people's fault), and violence (frustration).

Tue, 01/11/2011 - 17:28 | 868193 A Man without Q...
A Man without Qualities's picture

In Tunisia, the trigger has been youth unemployment and inflation, but the underlying cause is the totalitarianism of the government.  The President Ben Ali is liked by the west as he's a "moderate", but in reality, there are no free elections since he got to power in 87.  He gets a Saddam-esque 99% majority every couple of years and nobody says anything about it.  

It's insane to think that Bernanke can't do shit about house prices in Florida, but he can help create food riots across the developing world.  

Tue, 01/11/2011 - 17:42 | 868245 Cleanclog
Cleanclog's picture

Agree with your Tunisia capsule.

What do you think Bernanke "should" do about house prices in Florida?  I think housing prices needed to come down, there and in many other places (yes, I have a mortgage on a home in California). There was a bubble, and the valuations people thought were there in 2002-2006 didn't hold up once replacement costs and number of homes to households were looked at (other factors too, of course).

Tue, 01/11/2011 - 19:04 | 868493 ElvisDog
ElvisDog's picture

One major reason Tunisia and most other Muslim countries have chronically high unemployment is because their birth rates are several times higher then their rate of economic growth. There is just no way to provide jobs for everyone when the average woman in several Muslim countries has something like 6 children.

Tue, 01/11/2011 - 20:23 | 868688 walküre
walküre's picture

I'd like to see some Arabs hitting his statue with shoes.

Tunisia has been developing WMDs since 1996 and if I get the chance to speak in front of the UN, my Powerless Pointless Presentation will prove just that!

Tue, 01/11/2011 - 17:34 | 868209 cossack55
cossack55's picture

Looks like a solid emerging market entry point for McDonalds and PaPa Johns.  Go long food.

Tue, 01/11/2011 - 17:11 | 868126 gwar5
gwar5's picture

Sarkozy publicly concerned over US policy causing food inflation

Tue, 01/11/2011 - 17:17 | 868153 RemiG2010
RemiG2010's picture

Inflation? What inflation? Didn't you watch 60 minutes? We all gonna be rich!

Tue, 01/11/2011 - 17:11 | 868130 Seasmoke
Seasmoke's picture

is that one of the axis of evil ?

Tue, 01/11/2011 - 17:50 | 868278 goldmiddelfinger
goldmiddelfinger's picture

Carthago delenda est

Tue, 01/11/2011 - 17:38 | 868136 cowdiddly
cowdiddly's picture

And most Americans seem to think 26% of the population will just stand around all day doing nothing forever. How bout another round of those inflationary  POMOs Ben. 

Tue, 01/11/2011 - 17:13 | 868137 SpeakerFTD
SpeakerFTD's picture

Let them eat IPads.

Tue, 01/11/2011 - 17:36 | 868214 kornholio
kornholio's picture

and now they can sign up for verizon

Tue, 01/11/2011 - 18:19 | 868390 Caviar Emptor
Caviar Emptor's picture

Let them eat Spam

Tue, 01/11/2011 - 17:13 | 868140 topcallingtroll
topcallingtroll's picture

Food riots coming to a china near you. Cant wait! Choke those motherpeggers on dollars until they float the yuan/rmb

Tue, 01/11/2011 - 17:40 | 868236 Sudden Debt
Sudden Debt's picture

The working class people are getting more poor by the day in China. Only the rich profit from it.

Pretty much the same as all over the world.

Tue, 01/11/2011 - 22:26 | 868987 Calmyourself
Calmyourself's picture

You hit it right on here.. Choke China with exported inflation.  Like your peg? Great keep it and spend our dollars on riot control.

Tue, 01/11/2011 - 17:13 | 868141 velobabe
velobabe's picture

zerohedge, where i get ALL my news and more!

Wed, 01/12/2011 - 13:06 | 870299 Cash_is_Trash
Cash_is_Trash's picture

'More' is:
I unfortunately know very few people who believe that mainstream Keynesianism is utter trash and that the global economy is going into the shitter courtesy of some academics in an ivory tower printing notes that the population thinks is 'money'.
I come here because I'm surrounded by the always mentioned 95% or more of sheeple and their worthless ideas and hollow thoughts.
Viva Austrian Economics

Tue, 01/11/2011 - 17:13 | 868142 Canaduh
Canaduh's picture

Were there any "who serve" hurt? Cause that's what makes things tragic.

Tue, 01/11/2011 - 22:27 | 868992 Calmyourself
Calmyourself's picture

Ha, isn't that the truth.. Get elected,  become rich somehow on  "servants" wages and then claim the high moral ground, what a scam..

Tue, 01/11/2011 - 17:14 | 868143 RobotTrader
RobotTrader's picture

Good thing we don't have food inflation here.

As long as I can still get McDoubles for $1.00, its all good.

However, there is some serious inflation occuring in Lululemon yoga outfits.  Some are actually selling for $195 now.

Ergo, LULU now sprinting up 6% after hours, near an all-time record high.

Tue, 01/11/2011 - 17:25 | 868182 tmosley
tmosley's picture

Where's the beef?

Tue, 01/11/2011 - 17:32 | 868196 plocequ1
plocequ1's picture

Screw that. German Bologna is $2.99/ lb. Its only 50g of fat per slice. My Cholesterol and blood pressure are both sky high, But who gives a fuck? When im dead, Im dead

Wed, 01/12/2011 - 13:09 | 870313 Cash_is_Trash
Cash_is_Trash's picture

Lord Keynes is that you? Only you can think in such reckless fashion.

Tue, 01/11/2011 - 17:43 | 868248 Sudden Debt
Sudden Debt's picture

I don't eat that shit and nobody should. It's cardboard in a bum with a "secret little sauce on it".

 

Tue, 01/11/2011 - 19:19 | 868537 DaveyJones
DaveyJones's picture

rec. 3 films: Food Inc, Food Matters, The Future of Food

Also rec: YouTube: Farm for the Future

Tue, 01/11/2011 - 19:48 | 868609 Big Corked Boots
Wed, 01/12/2011 - 00:10 | 869253 DaveyJones
DaveyJones's picture

thanks for the link

Tue, 01/11/2011 - 23:31 | 869152 Cathartes Aura
Cathartes Aura's picture

might also find out that "secret sauce" added by those wacky boyz who work at MickeyD's & all the others. . . some of those cell phone vids are. . . educational, shall we say.

 

Tue, 01/11/2011 - 17:15 | 868147 John McCloy
John McCloy's picture

  Oil back to 100 shortly. Food stamp reliance growing. Weekly more fall of claims.  Contacts tell me now record numbers of financial institution jobs are being outsourced to India to grow profit margins.

 This is all proceeding swimmingly Ben. 

Tue, 01/11/2011 - 18:19 | 868388 chet
chet's picture

Have you seen that show "Outsourced"?  It's not very funny, but I've caught it a couple of times.  The action takes place in India, but their corporate contact back in America is one guy sitting in a big empty office suite by himself.

That is going to be America's economy: that handful of people paying themselves millions to sit atop multinationals that have no remaining US employees.  Interesting to hear about it happening in financials and law now too.

When one of our kids gets sick, we often call the "advise nurse" at our healthplan.  Pretty soon that call will be answered by a full-on MD working phones in India.

Tue, 01/11/2011 - 23:37 | 869170 Cathartes Aura
Cathartes Aura's picture

heheh, doubtful -  traditional Ayurvedic therapies will have to be trained out of their national psyche first. . . tho' amrkns would sure benefit from holistic treatments, vs. allopathic.

Tue, 01/11/2011 - 17:16 | 868149 topcallingtroll
topcallingtroll's picture

In the food inflation war china die first. Peggers deserve it.

Tue, 01/11/2011 - 17:39 | 868226 scatterbrains
scatterbrains's picture

any thoughts on what happens to our treasury market if China were to.. let's say do a 20% yuan raise ?  I'm thinking 20% spike in equities, 20% spike in pm's etc but I'm not getting my head around bond market reaction.. would bonds crash ? If so dosn't that then trigger an equity crash ?

Tue, 01/11/2011 - 17:54 | 868291 EscapeKey
EscapeKey's picture

Alternatively, what were to happen, if the Chinese started subsidies in an effort to reduce food prices, financed through large scale treasury sales?

Tue, 01/11/2011 - 22:30 | 869001 Calmyourself
Calmyourself's picture

Who buys them, Ben, RBC, BOE, who?

Tue, 01/11/2011 - 17:18 | 868154 Ragnarok
Ragnarok's picture

When will OPEC make a move away from the dollar?

Tue, 01/11/2011 - 17:19 | 868155 divide_by_zero
divide_by_zero's picture

Palin will get blamed long before the Fed is mentioned

Tue, 01/11/2011 - 17:22 | 868168 Phase
Phase's picture

Hey all,

This is my first post on ZH but I have been an active reader for some time. I would like to say this is unfortunately going to be emblematic of the times we live in... there will be increasing tensions and social unrest on a global stage. The level of poverty is being exacerbated by global warming, agrarian disruption, flooding, natural disasters, etc.   Everything in terms of dollars and cents is irrelevant because the environment IS the economy... but to speak in fiscal terms, there will be an inevitable rise in the cost of living across the board deriving from a number of forces but to name a few: currency devaluation, phantom stimulus money, and overall cost of living from rising food prices.

When the cost of living becomes unsustainable and people have nothing left to lose, you get ugly scenes like this one.

Tue, 01/11/2011 - 17:33 | 868207 Cleanclog
Cleanclog's picture

We welcome your voice.

Tue, 01/11/2011 - 17:55 | 868295 EscapeKey
EscapeKey's picture

LOL his first post, and his first junking.

/It wasn't me.

Tue, 01/11/2011 - 19:21 | 868541 DaveyJones
DaveyJones's picture

guess they wanted to make him feel at home

Tue, 01/11/2011 - 17:47 | 868270 traderjoe
traderjoe's picture

Laws of thermodynamics > theories of economics

Welcome aboard. 

Tue, 01/11/2011 - 18:16 | 868379 Green Leader
Green Leader's picture

Global warming is a hoax.

Tue, 01/11/2011 - 18:34 | 868426 espirit
espirit's picture

Extremes of temperatures is not.

Tue, 01/11/2011 - 20:31 | 868706 Seer
Seer's picture

We can toss even temperatures aside and state the concerns as they should be stated, and that's that there are significant changes in local climates that present threats to our food systems (not to mention habitats).  Anyone who can't get This point is a fucking troll.  And the reason why the discussion never gets to the heart of the matter?  Because, if it did then we'd be exposing the corporate food controllers (as Kissinger put it: control the food and you control the people).

True freedom is being free of the controlling corporate food system...

Tue, 01/11/2011 - 23:50 | 869204 Cathartes Aura
Cathartes Aura's picture
Humans Have Intentionally Modified Weather for Military Purposes and Climate Control for Decades

George Washington (who writes here @ ZH) has posted some great backstory for the gov't. weather interventions. . .

Wed, 01/12/2011 - 08:26 | 869542 Zero Debt
Zero Debt's picture

They WILL start to make SEASONAL ADJUSTMENTS to TEMPERATURES once things really start to heat up!

Tue, 01/11/2011 - 23:03 | 869095 Calmyourself
Calmyourself's picture

Right on..

−89.2°C made at Vostok station, Antarctica, at 0245 UT on 21 July 1983.

57.8 °C (136 °F) Al 'Aziziyah, Libya 1922-09-13[ 57.8 °C (136 °F) Al 'Aziziyah, Libya 1922-09-13[ 57.8 °C (136 °F) Al 'Aziziyah, Libya 1922-09-13[

 high 136F libya 1922-  What does it prove, not a damn thing other than the Earth changed before our little tiny record started and it will continue to change after we are a dusty memory for sentient cockroaches.

Tue, 01/11/2011 - 22:35 | 869013 Calmyourself
Calmyourself's picture

GW is in your head, ARGO buoys clearly shows no warming in the oceans.  How does the planet warm if the water making up the largest heat sink does not?  Thats right it is impossible..

http://wattsupwiththat.com/2011/01/06/new-paper-on-argo-data-trenberths-ocean-heat-still-missing/

Tue, 01/11/2011 - 17:26 | 868183 nate28jf
nate28jf's picture

MSM doesn't have room.  I mean...Owen Wilson is going to be a dad!  And Verizon is selling the iPhone!  And TED WILLIAMS!!!!!  GOLDEN VOICE!!!!!!!!!!!!!!

Tue, 01/11/2011 - 17:41 | 868237 kornholio
kornholio's picture

'mericans dont want no bad news, they need their daddy to tell them everything is great...on a serious note have you noticed that cnbc and msnbc have become the I Phone channels, that is all the fuck they talk about, never ever anything negative...its fucking delusional...

Tue, 01/11/2011 - 17:43 | 868247 goldmiddelfinger
goldmiddelfinger's picture

Even Imus left them

Tue, 01/11/2011 - 17:47 | 868272 nate28jf
nate28jf's picture

Seriously go to CNN.com right now and look at the business links.

Link 1: Verizon iPhone will go on sale Feb. 10

Link 4: Kardashians: $12K for hair - lawyer

Link 6: Verizon gets iPhone minus 4G


Tue, 01/11/2011 - 19:35 | 868574 Hephasteus
Hephasteus's picture

Why don't you tell me what's going on?
Why don't you tell me who's on the phone?

Why don't you ask him what's going on?
Why don't you ask him who's the latest on his throne?

Don't say that you love me

Just tell me that you want me

More lyrics: http://www.lyricsfreak.com/f/fleetwood+mac/#share

 

Tue, 01/11/2011 - 18:21 | 868396 Caviar Emptor
Caviar Emptor's picture

That's cause the iPhone complex is 50% of GDP growth

Wed, 01/12/2011 - 13:18 | 870336 Cash_is_Trash
Cash_is_Trash's picture

Until the prices for rare earths really start rising, which will cut into your aforementioned GDP.

My iPhone's intrinsic value shall outperform the S&P

Tue, 01/11/2011 - 17:27 | 868191 Gimp
Gimp's picture

You know something is wrong in the USA when you have to get your news from Al Jazzera and Russia Today!

Tue, 01/11/2011 - 17:37 | 868220 cossack55
cossack55's picture

Love to watch them Russkie babes. Al Jazzera, not so much.

Tue, 01/11/2011 - 17:41 | 868238 goldmiddelfinger
goldmiddelfinger's picture

They will marry you for a fee

Tue, 01/11/2011 - 17:46 | 868258 Sudden Debt
Sudden Debt's picture

WRONG! Actually there's a shipping fee of 5$ and if you take 6 you get the combined shipping discount for 25$.

and you only need 6. Even God took a break on the 7th day ;)

Tue, 01/11/2011 - 17:47 | 868271 goldmiddelfinger
goldmiddelfinger's picture

Who needs wings when you can get 12 thighs?

Tue, 01/11/2011 - 18:58 | 868482 IQ 145
IQ 145's picture

 Wow; good therapy today. you guys are cracking me up.

Tue, 01/11/2011 - 17:43 | 868243 SpeakerFTD
SpeakerFTD's picture

No shit.  Of all the things that disappoint me about the current state of our kleptocracy, the complete capture of our media by the corporatocracy is the saddest.   I grew up a fervent believer in the "goodness" of our Fourth Estate and always felt secure as an American because I believed it would protect us from any force, particular government force, that would seek to undermine our freedoms.   Maybe I was overly naive as a younger man, but I can't understate the disillusionment I feel at seeing our heritage of journalistic vigor subsumed by the current generation of marketing pimps.

Tue, 01/11/2011 - 18:22 | 868399 VisualCSharp
VisualCSharp's picture

Sadly, illusion passes for truth these days. This is what society can expect when the majority of its people make decisions based on emotion instead of logic.

Wed, 01/12/2011 - 08:39 | 869548 Bitch Tits
Bitch Tits's picture

Like most things in the past, it only seemed that way.

People haven't changed at all.

Tue, 01/11/2011 - 17:47 | 868259 RemiG2010
RemiG2010's picture

Nothing to see here guys! Everything is under control! Go shopping! Go spending!

http://www.youtube.com/watch?v=ylKDIxL87bE

Tue, 01/11/2011 - 17:56 | 868298 EscapeKey
EscapeKey's picture

Not only that - pravda is more believable than American MSM.

Tue, 01/11/2011 - 17:39 | 868229 topcallingtroll
topcallingtroll's picture

Look this is actually planned. We cant let china pull a Standard Oil trick by underpricing the competition then when all the competition is bankrupt raise the price. This is war and there will be food riots and revolution in china long before here in the usa. We have no choice because china is slowly killing us with their peg and the rest of the bric try to soft peg without anyone noticing. In a competitive devaluation the country taking the moral high ground loses big time. We must participate and we also hold a winning hand. Trust the gubmit on this one. We have no choice but to stoke inflation until china riots or depegs. China is well aware of this. Why do u think they suddenly encouraged their people buy precious metals?

Tue, 01/11/2011 - 17:40 | 868231 goldmiddelfinger
goldmiddelfinger's picture

And I thought they were pissed about the Bangladeshi stock market

Tue, 01/11/2011 - 17:54 | 868287 Racer
Racer's picture

and the evil ZimBen and the Genocidal Inkjets don't care about the inferior slaves that have to pay record high fuel prices, huge increases in gas and heating and food bills just to exist and that now takes up a massive portion of their take home pay that has been taxed even more. And what is the big rub, they can't demand pay increases to keep up with these soaring price increases for things needed to live on because of the huge numbers of other slaves just dying to take their very low paid job

Tue, 01/11/2011 - 22:52 | 869059 Calmyourself
Calmyourself's picture

Its not nice, its not fun but you must admit Topctroll has a point.  The Chinese made a bet that mercantilism would pay off long term, isn't Ben calling that bet.  Pain will be had by all but China will get it harder.

Tue, 01/11/2011 - 23:57 | 869230 StychoKiller
StychoKiller's picture

Pretty hard applying the rules of chess to the inventors of "Go."  Are we even playing the same game is all I'm saying.

Tue, 01/11/2011 - 18:00 | 868314 Winisk
Winisk's picture

Perhaps we should send over a team of grief councilors.  Send our prayers too.  Maybe hold a vigil or two.  Or we could get really ambitious and start an awareness campaign.  That should help.  Gee, I feel better already.   

Tue, 01/11/2011 - 20:07 | 868653 dark pools of soros
dark pools of soros's picture

easier to just make them fill out forms and permits and licenses until they just snap and eat each other

Tue, 01/11/2011 - 21:58 | 868904 Seer
Seer's picture

LOL!

Tue, 01/11/2011 - 18:11 | 868358 equity_momo
equity_momo's picture

Dont worry , George Clooney is going to spend 15 minutes to help build a well for the peoples of Algeria.

Tue, 01/11/2011 - 18:14 | 868369 max2205
max2205's picture

All bens easy money and a lot going to comods and with every tick up someone starves to death. Thanks Ben!

Tue, 01/11/2011 - 18:26 | 868410 Caviar Emptor
Caviar Emptor's picture

We're back. Jobless levels back to 1930s levels. Despite all the pump-priming, liquidity jizzing, lossey goosey credit and bailouts for 3 staright years. And now the food crisis will unfold in waves. Hard to put the genie back into the bottle. 

Tue, 01/11/2011 - 18:34 | 868429 Caviar Emptor
Caviar Emptor's picture

All in the name of saving our gold-plated corporate elite.  

This is the year money becomes funny. Governments toss away trillions without a thought, food and necessities inflate away, critical raw materials become dearer, political instability looms. 

Tue, 01/11/2011 - 23:56 | 869226 Seer
Seer's picture

"critical raw materials become dearer"

And that's the crux of it all.  This situation was inevitable.  The time horizon was pushed up thanks to the massive capitalist feeding frenzy that was unleashed- GROWTH, GROWTH! (anything that is based on growth would end as such; I'm not singling out capitalism, it's just that it's the most efficient mechanism for generating growth, thereby final exhaustion).  Hell of a ride!

Tue, 01/11/2011 - 18:49 | 868467 BurningFuld
BurningFuld's picture

There are more important things going on like smuggling kindereggs. Geesh!

http://ca.news.yahoo.com/womans-candy-egg-seized-border-20110110-145449-...

I wonder where those tax dollars are?

Tue, 01/11/2011 - 20:26 | 868696 poggi
poggi's picture

http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=16669

 

According to the United Nation's Food and Agricultural Organization ("FAO") global food prices reached a record high in December, 2010.  The FAO food index tracks a basket of 55 key food commodities including items such as wheat, oil & fats and sugar.  In December the index reached a record 215 points, beating the previous high of 214 set in June 2008.  The recent inflation in agricultural commodities has been pronounced - 45% year-on-year.  Enquirica believes that we are in a market of overall tight supply for energy and agricultural commodities (reflected by low inventory levels) and superimposed on this we have systemic monetary devaluation taking place - the ideal environment for increasing commodity prices.

Tue, 01/11/2011 - 23:59 | 869233 Seer
Seer's picture

Are their numbers adjusted for inflation?  What currency are they using as a base? (sorry, too lazy to read the article [even for me there's only so much gloomy shit I can take in])

Tue, 01/11/2011 - 20:44 | 868744 greenewave
greenewave's picture

The Establishment and Mainstream Media is losing control of the PEOPLE and as a result vehemently ATTACKING ALTERNATIVE NEWS. Suddenly, anyone that does not agree with the Socialist policies of the Obama Administration is an ENEMY OF THE STATE!

Watch the video “The Establishment is Losing Control” at (http://www.youtube.com/watch?v=6JIDs7Luwxg).

Anonymous-

“We do not have much time left before the FREEDOM of Americans is robbed by our leaders, the Internet Censored, Guns confiscated and the PEOPLE jailed for speaking truth!”

Wed, 01/12/2011 - 00:07 | 869246 Seer
Seer's picture

"Suddenly, anyone that does not agree with the Socialist policies of the Obama Administration"

Were you talking like this when Bush was in office?

When someone doesn't even understand the term "socialism" then I'm inclined to disregard EVERYTHING that they write.

Based on your diagnosis the way to balance/off-set things would be to apply fascist action/policies.  Clearly you can see how fucked up it/your observation is.  There's ZERO out there FOR the COMMON PERSON, only for the corporations and elites.  Now then, if you want to use the term "socialism," then "socialism for the rich/corporations" would be the ONLY accurate use.

Wed, 01/12/2011 - 03:28 | 869451 chopper read
chopper read's picture

agreed, greenewave.  ...and you are right, these events are suspicious to the core.

C.I.A. 'False Flag' PLAYBOOK, Chapter 1: Need some mush brain to commit armed robbery so that citizens willfully surrender civil liberties in the ensuing chaos? ...here is how it is done:

http://www.youtube.com/watch?v=D9c2l4oD5AY

be sure to pick someone who is militarily trained so that they inflict targeted damaged to produce maximum fear amongst members of the public.

if somehow your patsy survives, then be sure to take him back into federal custody so you may deprogram him/pull him out of his trance-like state. How to do this is explained here, in Chapter 5:

http://www.youtube.com/watch?v=T038Xecuyzc


As 'gradualism', the preferred technique used by Fabian Society Member David Rockefeller and others, encroaches further and further upon our Second Amendment, the right to bear arms, reconsider history's lessons and then ask yourself - 'could it happen here?'

http://www.youtube.com/watch?v=QF4LET7q8a0
In America, it is our tradition to be skeptical of government and aware that when seconds count the police may be minutes away, so many of us wish to arm ourselves. Carrying a gun should not only (continue to) be our right, but our civic duty, too.  As a point of reference, how many people get tragically shot everyday all over the world? In wonder, how many 9-year-old little girls were tragically killed by a drone in Pakistan or a gun in Palestine yesterday (where is the outrage here)?  Now consider this story about a happy ending for this 11-year-old girl who knows how to use a gun: http://www.youtube.com/watch?v=tiiQQP4-Ijw 

 

How many victims at any shooting may have been better able to save themselves had they been properly trained (in junior high) and been armed to protect themselves? Ever heard of a mass killing at a gun show?  We should give every psychopath reason to believe he'll be gunned down in seconds, not the opposite.  Keep in mind that America always comes to the aid of democracies around the world when military coups occur, in order to restore democracy with our force; this makes it extraordinarily important for freedom-lovers around the world to help make certain that a military coup never occurs here on our soil in the United States, because others may someday need our help in their 'currently disarmed' democracy. Put differently: 'gun-free' democracies are protected by America, and America is protected by its armed citizenry. 

 

Please realize that, over a long enough time period, nothing is out of the question, even if it seems unrealistic today. Nevermind that history repeats itself again and again as to what are the necessary steps towards full-blown tyranny. Of course, folks don't typically read a lot of history books between American Idol episodes, but are rather willfully ignorant of government massacres after disarming the public in India, Turkey, Germany, the former Soviet Union, Cuba, China and Cambodia. No surprise that this lack of awareness is what our government schools produce.  As a result, common folks in America typically have no idea how ruthless and manipulative those who lurk in the shadows can actually be. Mass murder is the modus operandi of those who have entered us into World Wars, and created famines and 'false flag' attacks since time immemorial. For example, did these folks ever believe that their own government would starve them to death by the millions?

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

Further, most folks have absolutely no idea that traditions relating to how to manipulate the masses are passed down and perfected inside elite groups that tend to somehow stay in government over familial generations. For example, is it any coincidence that every single member of the G20 has debt-based money which you will realize - when you finally understand the mechanics - is nothing short of outright cageless enslavement in favor of its private owners?  Quite a tradition, indeed, expecially for the elites who rule over these monopolies on 'legal tender'. And did you know that our debt-based money, which creates a perpetual bond market, places us directly in jeopardy on an ongoing basis as long as foreign bondholders (debt-slavemasters) are in a position to sell in the open market all at once creating potential currency collapse? 

Folks, our First Amendment is Free Speech. Our Second Amendment is the right to bear arms. THIS IS NO ACCIDENT. Our Founders deeply understood history and people, and had experiences of their own. THE SECOND AMENDMENT PROTECTS THE FIRST!

"Among the many misdeeds of the British rule in India, history will look upon the act of depriving a whole nation of arms, as the blackest." - Mahatma Gandhi

"25 States allow anyone to buy a gun, strap it on, and walk down the street with no permit of any kind: some say it’s crazy. However, four out of five US murders are committed in the other half of the country: so who’s crazy?” – Andrew Ford

"A government that intended to protect the liberty of the people would not disarm them. A government planning the opposite most certainly and logically would disarm them. And so it has been in this century. Check out the history of Germany, the Soviet Union, Cuba, China and Cambodia." -Charlie Reese, syndicated columnist

"Gun bans don't disarm criminals, gun bans attract them." - Walter Mondale, U.S. Ambassador to Japan

"The beauty of the Second Amendment is that it will not be needed until they try to take it." - Thomas Jefferson

 

Please, understand that gun control results in INCREASED crime rates.

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

 

It could never happen here?  Here are some facts from a link that attempts to debunk what it can about some recent Australian statistics, but actually demonstrates what alarming statistics are entirely irrefutable:

China established gun control in 1935. From 1948 to 1952, 20 million political dissidents, unable to defend themselves, were rounded up and exterminated.   Defenseless people rounded up and exterminated in the 20th Century because of gun control: 56 million.  http://www.factcheck.org/askfactcheck/print_did_gun_control_in_australia_lead_to.html

 

all of those folks had one thing in common: they were made defenseless by gun laws - PERIOD.

Judging by these horrific numbers, we should be expanding the right to bear arms amongst our law-abiding citizens to include even more advanced weapons!  It begs the question:  how do we get bazookas in the hands of our responsible citizens?Ever wonder why nobody invades Switzerland?  Please, watch and listen closely to this gentleman reference the holocaust museam with "lamp shades made of skin":  http://www.youtube.com/watch?v=0ufkwTM82e4

Here are some more facts about gun crimes:

When a woman is armed with a gun or knife, only 3% of rape attacks are completed, compared to 32% when the woman was unarmed.

 

60% of convicted felons admitted that they avoided committing crimes when they *knew* the victim was armed.

 

40% of convicted felons admitted that they avoided committing crimes when they *thought* the victim might be armed.

http://gunfacts.info/

And so we find ourselves here today: the TSA is in our pants, FDA is in our home garden, IRS is in our bank account, FCC is on our computer, CIA is watching us, and now the ATF does not want us to have any guns to share with our friends. ...noticing a trend, America? Push back, my friends. Push back. http://wellregulatedamericanmilitias.com/forum/topics/atf-will-regulate-excess-gun?xg_source=activity

 

How many people would survive any attack if they were trained at a young age to own, handle, shoot, and carry a gun? This should be taught in every single junior high. has society gone completely mad? do folks not know that giving protective power solely to the government eventually leads to their extinction on a long enough time line? Does anyone understand why the 'right to bear arms' came directly after the 'right to free speech'? Has anyone any idea how evil people can be, not just in the ghettos, but in the highest levels of power? What is happening to our country? Where is the sanity? Why do people continue to allow this to be debated on our televisions so that we can reach another 'compromise' which leads to less liberty? This has been the plan of incrementalists and Fabian gradualists since day one. How much more power needs to flow to Washington D.C., where there are 7-of-the-10 richest counties in America, before us average folks begin to wake up, stop fighting one another, and begin protecting our civil liberties? For the sake of our children's survival, please, stop surrending every last shred of protection that was once provided for us in the U.S. Constitution. IT IS NOT WORTH IT IN THE LONG-RUN.

...now I know what it feels like to be the manic street preacher on the soapbox who everyone walks past laughing. Next time I see that impassioned fella ranting on the corner, perhaps I'll stop and listen.

Tue, 01/11/2011 - 21:31 | 868832 Dave Thomas
Dave Thomas's picture

When is Kris Kristofferson going to confront Timmy Geithner?

Tue, 01/11/2011 - 22:27 | 868994 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

English has proven the best language for rapping, but french is almost as popular.  Arabic works.   No freedom of speech for this artist?  A shame.  A mighty shame.

The world is questioning your policy Bernanke.  Will you address them?  He will not.  Unemplyment to stay around this range until his term is over, he admits.  What will he do for the rest of his tenure?  Goes he play chess?  Maybe checkers better suites him.

Wed, 01/12/2011 - 00:11 | 869258 Seer
Seer's picture

The sad irony in all of this is that people are now begging from their robbers!  Do we really want TPTB to provide us with food and jobs, in Their fucked up factories and systems, which produce mostly shit?

Attacking the failing paradigm is a waste of energy, and it only gives TPTB legitimacy/strength.

Wed, 01/12/2011 - 12:10 | 870071 Bitch Tits
Bitch Tits's picture

Hear, hear, seer!

I just don't get it, it's like the whole of the country (world?) is in thrall to the Wizard, without understanding what the ordinary guy behind the curtain has to do with it.

I just saw a comment on another blog from a gentleman in SC, lamenting the fact that the state's resources (coal) were being mined out by private interests, leaving devastation and joblessness behind. He actually made the comment that the government of SC now doesn't even have the resources to sweep the coal dust off the streets.

I wanted to ask him if he owned a broom.

 

 

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