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Tuesday, February 8, 2011

What Really Occurred In Egypt And How Explained Like Never Before, Speculation

Rampant corruption is nothing new in Egypt (or the
United States for that matter.)
 
What is new is widespread hunger in that country and
other countries throughout the Middle East.
 
Food prices, a big part of the average Egyptians budget,
have gone through the roof. 
 
Why?
 
Thank Goldman Sachs and friends. You can also thank
them for the price at the gas pump. 
 
How their latest scam works - and how the federal
government is helping them. 


Playing games with people's hunger

Not everyone gets billions of dollars in interest free money from the Fed.

Most people work for the money they get. This creates a real problem for people whose wages have been stagnant (or declining) while the US government shovels trillions of dollars to banks to help them cover their gambling losses.

What do banks like Goldman Sachs and JPMorgan do with the free money?

They "play" ... with wheat prices, with corn prices, with oil prices.

There is no supply/demand reason for commodities to be as high as they are now. It's all speculation based on free money given to bankers.

Note: The prices will come down eventually - precipitously - but in the meantime hundreds millions of people go hungry and have had their standard of living decimated.