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Ratigan And Fleckenstein Explain The Fed’s Role In Recent Food Price Ignited Revolutions

Posted By admin On February 8, 2011 @ 5:24 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Feb 8, 2011

For over a year now, Zero Hedge has been predicting that in its foolhardy attempt of “inflation or bust”, the Fed’s actions would sooner or later lead to mass rioting and possible revolutions as a result of surging and out of control food prices (which are just the peak of the alternative investment pyramid – yes, stunningly free money can go into other things besides stocks).

There have been those who have claimed that deflation is still a far greater force, despite that the all important shadow banking system made a positive inflection point in ending deleveraging in Q3 [2](and on March 10 we will know whether the Q3 strength persisted into Q4) as was discussed previously, and today’s first time in over two years increase in revolving credit merely confirms this view.

Alas, to all who believe that deflation or deleveraging is a greater threat: you have our sympathies, as fundamentally your are correct, and were the business cycle have the benefit of playing out in normal course, all the world’s banks would become insolvent and yes, deflation would be rampaging. The problem is that these same people do not realize that to Bernanke (whom we have referred Genocide Ben for precisely this reason) there is no other alternative, and inflation must be achieved no matter how terrible the social cost, or the damage to the monetary system.

Regardless, the actions in North Africa are just the start. Commodities will run up far higher, and discontent will sooner or later reach to Asia, and possibly to countries which have nuclear arsenals at their disposal. What happens then is anyone guess. Yet for anyone who is still confused about the ultimate Fed agenda, Dylan Ratigan and Bill Fleckenstein sat down late last week to make it so clear that virtually anyone and everyone can understand what the Bernanke endgame is.

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [3]

Ratigan And Fleckenstein Explain The Feds Role In Recent Food Price Ignited Revolutions 260310banner2 [4]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/ratigan-and-fleckenstein-explain-feds-role-recent-food-price-ignited-revolutions

[2] ending deleveraging in Q3 : http://www.zerohedge.com/article/deflationists-take-note-bernanke-succeeds-offsetting-shadow-banking-collapse

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://purewaterfreedom.com/

[5] The 25 Countries Whose Governments Could Get Crushed By Food Price Inflation: http://www.prisonplanet.com/the-25-countries-whose-governments-could-get-crushed-by-food-price-inflation.html

[6] Early 2013: Prepare For A Massive Food Price Surge; Up 175% from the Year 2000: http://www.prisonplanet.com/early-2013-prepare-for-a-massive-food-price-surge-up-175-from-the-year-2000.html

[7] A loaf of wheat bread may soon cost $23 due to skyrocketing food price inflation: http://www.prisonplanet.com/a-loaf-of-wheat-bread-may-soon-cost-23-due-to-skyrocketing-food-price-inflation.html

[8] Hedge Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is Leading to Food Inflation Worldwide: http://www.prisonplanet.com/hedge-fund-manager-bill-fleckenstein-fed-money-printing-to-cover-bank-theft-is-leading-to-food-inflation-worldwide.html

[9] The Price Of Oil Is Going Up, The Price Of Food Is Going Up And Now Here Comes Quantitative Easing: http://www.prisonplanet.com/the-price-of-oil-is-going-up-the-price-of-food-is-going-up-and-now-here-comes-quantitative-easing.html

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