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World hunger threat Shown By Arab Protests:Economist
DAKAR: Uprisings across the Arab world are just a foretaste of the instability facing other poor states unless a global food crisis is tackled, leading development economist Jeffrey Sachs said on Saturday.
Popular anger at rising food prices has been an explosive ingredient in the mix of grievances that triggered the fall of leaders in Egypt and Tunisia, and is now putting the heat on authorities in Algeria and Jordan.
Sachs, a long-time adviser of governments and world agencies on the fight against poverty, said the root causes applied right across an already unstable belt of states stretching from Iraq through the Sahara to the shores of Read more…
Leaked cables reveal anger at regime may make Libya the next Arab domino to fall
THE violence and corruption of members of Colonel Muammar Gaddafi’s family have made Libya a gangster state with a worse record of governance than Egypt or Tunisia, according to leaked US diplomatic cables.
The documents reveal previously undisclosed details of how family greed, rivalry and extremism have complicated British and US efforts to normalize relations with Libya since it decided to abandon nuclear weapons and renounce terrorism. Gaddafi’s children plunder the country’s oil revenues, run a kleptocracy and operate a reign of terror that has created simmering hatred and resentment among the people, according to the cables released by WikiLeaks.
In the light of the upheavals in the Arab world, the diplomatic traffic also shows that far from being stable, Libya could be another corrupt authoritarian domino poised to fall.
One intriguing sequence of cables tells how Switzerland faced down threats after Swiss police arrested Hannibal Gaddafi, a younger son, and his wife for allegedly abusing two of their domestic staff.
Swiss police officers drew their guns and fought to disarm two Read more…
Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years
The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.
Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.
“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…
HOW BANKS AND INVESTORS ARE STARVING THE THIRD WORLD
Ellen Brown
“What for a poor man is a crust, for a rich man is a securitized asset class.”
–Futures trader Ann Berg, quoted in the UK Guardian
Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people’s incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.
Follow the Money
The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve’s “quantitative easing” program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for Read more…






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