MUST SEE! THE DOLLAR WW3 HAS BEGUN, FOOD INFLATION IS SPIRALING OUT OF CONTROL ACROSS THE WORLD. THIS COULD EASILY BECOME TRULY CATASTROPHIC!!!
July 13th, 2013
‘It is food inflation that is ultimately breaking the back of the Murbarek regime – staples like meat, sugar and vegetables have been climbing out of the reach of the ordinary Egyptian for a year’.
Now, if you are like me you don’t necessarily take a mainstream news source like CNBC at their word – but in this case I do. I was in Egypt just before the first revolution in 2010, and spoke with local business owners while filming sequences for the series ‘Hidden Secrets Of Money’. It was easy to detect a heavy sense of desperation and after looking at statistics for their currency supply, the effects of devaluation became all too obvious. As the people suffered a loss of purchasing power, Egypt became more dangerous. And as Egypt became more dangerous, tourism all but dried up. And as tourism revenue dried up…you guessed it, Egypt became more dangerous. And that is a very scary feedback loop.
One of my favorite economic commentators is Ricahard Daughty, at the time of the first revolution he warned: ‘No society breaks up because they don’t have any money — no, they break up because they can’t afford to buy food…that’s how societies fall apart, because of this inflation thing.’