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…
The Western PROPAGANDA machine may pretend it doesn’t exist…
…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…
