Soaring food prices to provoke massive civil unrest many times worse than scenes in Cairo
Paul Joseph Watson
Friday, February 4, 2011
The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.
Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.
“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been blessed with cheap food, spending only 13% of their expenditures on food, but this is about to change,” warns the NIA press release.
The NIA says that the world is in a state of “inflationary panic,” evidenced by numerous global revolts that can all be traced back to crippling food inflation.