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Thursday, April 21, 2011

Central Banks Inflate Food Prices

You may click here for the source post on LibertarianSavvy if you prefer

on February 6, 2011 in Economics

Soaring food prices are driving protests by desperate people in Tunisia, Egypt, and elsewhere. Predatory commodity futures speculators and mega-banks blew up this most recent price bubble; and people fearful of currency inflation cached food supplies, resulting in shortages.

This left average and poor people sqeezed between inflationary devaluation of currencies (loss of purchasing power), and prices spiraling up. The video below shows Bernanke again refusing to take any responsibility for the latest price bubble hitting world economies hard. But analyst Bill Fleckenstein gives details of government and central bank collusion with financial predators at the expense of everyone else. He tells why centralized control is breaking down world wide.

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