Food prices soar as incomes stand still

http://www.cbsnews.com/news/food-prices-soar-as-incomes-stand-still/

EXPOSED - True Cause Of Chaos In Egypt

I'm not endorsing this subscription, but I have met Mike Maloney, and I agree with his assessment of QE causing food prices to rise globally.  I have also blogged many times that rising food prices caused social unrest (including the so-called "Arab Spring") in emerging and Third World countries.  They weren't just civilian uprisings against evil dictatorial regimes by populations desiring to be "democracies" like America, which is what the lapdog US media was so quick to spin.

People were starving and were unable to feed their families, so that is what prompted them to take it to the streets, risking life and limb.


http://youtu.be/GfXd2lOueAY

Global food prices on the rise again, says World Bank

But, but, but...the CPI keeps telling us we don't have inflation...

http://www.globalpost.com/dispatch/news/regions/americas/united-states/120425/global-food-prices-the-rise-again-says-world-ban

Era of Food Prices Always Falling Seen at End as World’s Population Growsf

http://www.bloomberg.com/news/2012-02-05/era-of-food-prices-always-falling-seen-at-end-on-population-cargill-says.html

Killer Combo of High Gas, Food Prices at Key Tipping Point

Even the government mouthpieces at CNBC get it:  inflation is spiralling out of control, despite Bernanke declaring inflation is tepid and "transitory".  Where are all the deflationists now?  In the fetal position in the corner of the their Princeton University office, that's where...

http://www.cnbc.com/id/42704213

Sarkozy takes G20 case to Obama as food prices soar

Inflation, specifically in food and energy prices, is exactly why the world is angry at the US for quantitative easing and loose monetary policy.  Yet, our government officials continue to induce fear into the American public about the ravages of deflation, in their drive to create inflation in order to stimulate the economy.  In my opinion, this will go down in history as one of the worst blunders in American financial and economic history.

When and if the USDollar loses its status as the global reserve currency, Americans will quickly find out currency debasement will be the dominant cause of their diminished purchasing power.

http://www.reuters.com/article/idUSTRE70664T20110107?pageNumber=1

Food Agriculture Organization - Food Index

Click on image to enlarge.

http://www.caseyresearch.com/gsd/sites/default/files/FAO%20-%20Food_1.gif

Record-high food prices worldwide are here.