Friday, February 04, 2011

Glimmerings of a Eureka Moment

More evidence emerges daily supporting the assertion engendered in my previous post as evidenced by the below embedded video produced by the main stream financial media. Heretofore the fiat currency dots were connected only by such "fringe" voices as Peter Shiff, the followers of Ludwig VonMises and the Austrian school of economics.

The so called "main stream" economic scholars are beginning to understand that the recent and ongoing unpleasantness in the middle east is driven by the planet's largest central banks causing inflation in the commodity (food) markets by running the printing presses in overdrive. As the talking head in the video points out, the poor in the Arab world must spend 80% of their income on food and food prices continue to rise exponentially. The populations of those countries are lashing out at their only available targets, the oppressive regimes tormenting them which in most instances are propped up by the American Empire.

Until recently the US through military and economic aid to tyrants in the region has been able to precariously maintain the political status quo. Those days are swiftly coming to an end as the US treasury is effectively bankrupt. We are very likely beginning to reap what our corrupt rulers have sown.

cross posted at: Eternity Road

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