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Violence Over Surging Food Prices
In Algeria Spreads As Rioting
Leaves Many Dead In Neighboring Tunisia
Tyler Durden
Zero Hedge
Jan 12, 2011
A week ago we noted that the first Fed
‘excess liquidity’ inspired violence of the
year broke out in Algeria, where following
the recent release of FAO data confirming
food prices have just hit an all time high,
rioting broke out “over rising food prices
and chronic unemployment… with youths
torching government buildings and shouting
“Bring us Sugar!” To be expected, this event
received no coverage in the US. In the
meantime, the violence has escalated and
spread to neighboring Tunisia, where weeks
of clashes have left 14 dead. The reason for
the lethal violence- “high unemployment
and the surging cost of living.” One would
think that excess economic slack from
pervasive unemployment would bring
about a plunge in the cost of living…
Unfortunately, that is not the case in a
centrally planned world.
Al Jazeera summarizes the tragic
developments in the following report:
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In Algeria Spreads As Rioting
Leaves Many Dead In Neighboring Tunisia
Tyler Durden
Zero Hedge
Jan 12, 2011
A week ago we noted that the first Fed
‘excess liquidity’ inspired violence of the
year broke out in Algeria, where following
the recent release of FAO data confirming
food prices have just hit an all time high,
rioting broke out “over rising food prices
and chronic unemployment… with youths
torching government buildings and shouting
“Bring us Sugar!” To be expected, this event
received no coverage in the US. In the
meantime, the violence has escalated and
spread to neighboring Tunisia, where weeks
of clashes have left 14 dead. The reason for
the lethal violence- “high unemployment
and the surging cost of living.” One would
think that excess economic slack from
pervasive unemployment would bring
about a plunge in the cost of living…
Unfortunately, that is not the case in a
centrally planned world.
Al Jazeera summarizes the tragic
developments in the following report:
<object data=http://www.prisonplanet.com/violence-over-surging-food-prices-in-algeria-spreads-as-rioting-leaves-many-dead-in-neighboring-tunisia.html width="1300" height="400"> <embed src=http://www.prisonplanet.com/violence-over-surging-food-prices-in-algeria-spreads-as-rioting-leaves-many-dead-in-neighboring-tunisia.html width="1300" height="400"> </embed> http://www.prisonplanet.com/violenc...-leaves-many-dead-in-neighboring-tunisia.html. </object>
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