Read the Tuesday Afternoon Wrap-Up for 7/9/2013 and the Wednesday Morning Commentary for 7/10/2013
The reason people read the Miles Franklin newsletters – for FREE, no less – is because unlike the MSM, we tell the unvarnished TRUTH. And no place is the PROPAGANDA as thick as when TPTB attempted to hide the root causes of civil unrest; as we are seeing in Egypt, Turkey, Argentina, Brazil, and Portugal – let alone, the seething boil in places like India, Japan, Greece, and Cyprus.
In my view, the root cause is INFLATION; as never in history has the fatally-flawed fiat currency monetary system been utilized worldwide. The so-called “Arab Spring” – for example – is actually a GLOBAL phenomenon; i.e., an inflationary cancer spreading from those most vulnerable to those most “immune” – inevitably, claiming ALL of its victims.
Think about it; and consider what “seers” like “GERALD CELENTE, PATRIOT” have forecast for years. Starting with 2011’s “Arab Spring,” we have seen the ill-effects of accelerating inflation spread like a PLAGUE. From “MENA’s” like Tunisia, Algeria, and Egypt; to the “PIIGS”; to Argentina, Brazil, India, Turkey, Cyprus and Japan – MASSIVE economic, political, and social uprisings have begun. In my view, we have reached the LOW POINT of global stability of our lifetimes; with the potential of going from bad to worse at any moment …
2013 Egyptian coup d’état – Wikipedia
In a nutshell, why has this happened? INFLATION, of the things we need to survive; starting with the numero uno of this list – FOOD…
“WANT VS NEED”
The Western PROPAGANDA machine may pretend it doesn’t exist…
“DELUSIONS OF A FED CHAIRMAN”
…but in REALITY, food inflation is as ubiquitous as higher taxes…
…worldwide…
Of course, food inflation is not the same in all countries. Those holding “reserve currencies” – or at the least, “quasi-reserve currencies” like the Euro, have had lesser rates of inflation than those with relatively illiquid, undesired currencies; not to mention, countries with strained and/or inefficient infrastructure or extreme weather patterns. And thus, the best “metric” for determining which nations suffer the most virulent inflationary pressure is per capita spending.
Below is a graph depicting per capita food spending in various nations; with the U.S. at the low end of the spectrum at just 6% of household income. Not surprisingly, Middle Eastern nations are near the top; with only Cameroon (in Africa) having a higher reading than Egypt. Notice, too, how many of the aforementioned nations (Brazil, Turkey, and India, for example) are at the high end of the range; while even places with much lower per capita food spending – like France and Greece – are still considerably more “inflation-vulnerable” than the United States…
Then there are specific situations to consider, like the price of onions in India – per this shocking quote from June 7th…
What gasoline is to an American, onions are to an Indian. That is their core food staple. Onions have gone up 110% in the last 3 months alone, on the back of a previous 100% price hike in the prior 12 months.
-“Pippa” Malmgren; former Bush economic advisor and member of the President’s Working Group on Financial Markets (i.e. the “PPT”)
…at which point, the Indian Rupee was 5% higher than the ALL-TIME LOW it’s trading at today…
Moreover, the issue is not entirely about food; but instead, a composite of ALL of life’s necessities. Outside of food, NOTHING stokes global inflationary pressures more than crude oil prices – and now that they are BREAKING OUT, be prepared for the potential for RECORD GASOLINE PRICES…
…with – yet again – many of the aforementioned nations – like Turkey – are HEAVILY exposed to such an inflationary shock…
The Most Expensive Gas in the World
When considering the BIG PICTURE, please realize that worldwide, the “Middle Class” is disappearing; and subsequently, breaking into two factions, figuratively speaking – “the 1%” and “the 99%.” For the former, higher prices are but a “loss leader” in the “War against the Poor”; but for the latter, inflation – as depicted by the collapse of the Egyptian Pound – threatens their very existence…
…and the more “inflation-vulnerable” one is, the more likely they are to FIGHT for their LIFE…
The True Cause of Chaos in Egypt – Exposed!
