Govt Slaves | January 17 2013 | Market Watch
What is the trigger for a revolution? Sometimes it a brutal act of repression. Sometimes it a lost war, or a natural catastrophe, that exposes the failings of a regime.
But more often than not, it is soaring food prices.
The easiest prediction to make for 2013 is that everything we eat will once again rise sharply in price. So where will the revolutions start this year? Keep an eye on Algeria and Greece — and if you want to feel very nervous, Russia and China. And if you are smart, keep your money out of those countries as well.
Reuters ~ Food prices around the world could soar this year if there’s a repeat of 2012’s drought in the American Midwest.
The link between the cost of feeding your family and political turmoil is too well-established to be ignored. We saw it most recently with the Arab Spring of 2011. The uprisings that deposed the autocracies of the Middle East had their roots in food inflation. Most of the Middle East countries import 50% or more of their food, making them acutely vulnerable to rising commodity prices. In Egypt the food inflation rate hit 19% in early 2011. For President Hosni Mubarak that was game over. The regime was finished.