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The Food Bubble in the Middle East (and Worldwide)

Fed Money Printing to Cover Bank Theft Is Leading to Food Inflation Worldwide (from MSNBC)

MSNBC does a nice job of analyzing the true issues leading to chaos in the Middle East. Of course this would be oversimplification to say that this alone is what caused Tunisia’s revolution or Egypt’s upcoming/in progress revolution; but what is important here is that the “political economy” (to borrow a term from Roger Owen) of these areas has reached a “fever pitch.”
It’s no coincidence that the person who sparked the revolution in Tunisia immolated himself due to the seizure of his food cart. Food is tied to many of the issues in the Arab world. Combine these issues with inflation, overbearing governmental control, governmental corruption, Western “meddling,” and severe unemployment – bad things happen.

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