» Fed Policy Burns Down the Middle East, Who’s Next? – Big Government.
Long ago Pharmer commented upon the idea of using corn to make ethanol for fuel. 1) It would raise the price of beer as demand for all kinds of grain rose in relation to supply. 2) Food prices would go up. 3) Most significantly, people in other countries would be made to Starve, because food is so much harder to obtain in the poorest countries. The U.S. formerly the breadbasket of the world, closed off much of the supply by converting it to fuel.
The above article connects the inflation of food prices caused by our “quantitative easing”, inflationary policies with exacerbated misery throughout the world. We only use a portion of our income for food, so when that price goes up, we’re unhappy, but not in severe danger. Such is not the case for the third world where people spend the bulk of their income on food. They are made much more miserable by irresponsible spending and fiscal policy of the United States. Rioting in the Middle East is being attributed to the pressures felt by people who are much more drastically affected by inflationary prices of food.
Please remind your Leftist Democrat friends of these things when they speak of their party as the one with compassion for the poor.
