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Africa North
Kudlow: Bernanke and Ethanol Sink Egypt
2011-02-01
Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt -- or the greater Arab world for that matter?

In addition to Egypt, the people have taken to the streets to varying degrees in Algeria, Jordan, Libya, Morocco, and Yemen. Local food riots have even broken out in rural China and other Asian locales.
Posted by:tipper

#3  When you burn corn liquor instead of drinking it, you've disturbed the karmic balance.
Posted by: no mo uro   2011-02-01 19:03  

#2  

  • Financial irresponsibility is not a conservative/progressive issue.


  • Eqypt's currency is pegged to the US $ and has been for some years. This link allows the US to basically export its inflation to vulnerable countries. Part of this mechanism is the flood of dollars being dropped from Bernanke's helicopter are being used to buy up commodities, hence prices are going up all over the world. 50 years ago in the USA, gasoline and fresh whole chicken were both 29 cents a gallon / pound. Places like Egypt where basic commodities use up almost all household income, a moderate rise in prices will cause immediate suffering.

Posted by: Anguper Hupomosing9418   2011-02-01 15:39  

#1  Progressive meddling and policies have sunk Egypt and nearly sunk many other countries including the USA.
Posted by: JohnQC   2011-02-01 11:42  

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