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Violent Riots Hit Egypt

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  • Violent Riots Hit Egypt

    http://pajamasmedia.com/blog/violent-riots-hit-egypt/

    Joyous rioting in the streets. Stores destroyed. Government buildings ransacked. Pictures of the long-ruling tyrannical leader of this middle-eastern country were stepped on. The footage of what was taking place was simply exhilarating, with people expressing the hatred they felt toward their ruler for the first time in over a quarter-century. If you think I’m describing Iraq after the fall of Saddam, you are mistaken. This is happening in Egypt — in a small delta city called Mahalla el-Kobra to be exact — where that aforementioned dictator is still alive and very much in power.

    It all started two days ago, when a nationwide strike was called by a number of political parties and worker movements to protest their low income, the skyrocketing cost of living, and the open corruption and blatant nepotism of the Egyptian government. All eyes that day were on Mahalla, which was supposed to kick-start the strike by having its 30,000 textile factory workers go to the factory and stage a sit-in. The security forces in charge immediately rounded up the strike leaders, pressuring some of the weaker ones to accept a compromise. They also arrested and isolated every other strike organizer who wouldn’t budge. The government forced the workers to work at the point of a gun, and announced that the strike was canceled. This rang true until the workers got off work and found their union leaders detained and arrested. They then started confronting the security forces, which lead to clashes that lasted till midnight that day and led to two casualties and some 95 arrests.
    Too bad the MSN does not consider this news.

  • #2
    Food riots could spread, UN chief warns

    http://www.telegraph.co.uk/news/main.../wriots109.xml
    Food riots could spread, UN chief warns

    Rising food prices could threaten political stability around the world, the UN's leading humanitarian official said yesterday.


    ...

    As well as the riots in Egypt, rising food costs have been blamed for violent unrest in Haiti, Ivory Coast, Cameroon, Mauritania, Mozambique and Senegal. Protests have also occurred in Uzbekistan, Yemen, Bolivia and Indonesia.

    China, India, Pakistan, Cambodia and Vietnam have curbed rice exports to ensure there is enough for their own people.

    Experts believe food insecurity should be treated as seriously as climate change.

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    • #3
      Re: Violent Riots Hit Egypt

      For those calling for the Dollar collapse, what do you think happens when the Inflation Machine of the World stops issuing credit? Here is a paradox for you, if debt requires a certain number of monetary units to be serviced, what do you think the shop-keeper does if he is not getting enough volume in sales to service his debt. Of course, raise prices. And on down the chain...

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      • #4
        Fear of rice riots as surge in demand hits nations across the Far East

        Fear of rice riots as surge in demand hits nations across the Far East
        http://business.timesonline.co.uk/to...cle3701347.ece

        Any farmer in the Philippines caught hoarding rice risks spending the rest of his life in jail for the crime of “economic sabotage”.
        How do you like those apples, so much for property rights.

        How would you like to toil the soil to be told you must dispose of the fruits of your labor...

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        • #5
          Re: Violent Riots Hit Egypt

          That's why God gave Man......GOLD/SILVER!!!!!!
          Mike

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          • #6
            Re: Violent Riots Hit Egypt

            Originally posted by Mega View Post
            That's why God gave Man......GOLD/SILVER!!!!!!
            Mike
            And GUNS, which will apparently be necessary to avoid seizure on the charge of "economic sabotage".

            Know Guns, Know Peace, NO Guns, NO Peace, No GOLD/SILVER, No food.

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            • #7
              Re: Violent Riots Hit Egypt

              Originally posted by Sapiens View Post
              For those calling for the Dollar collapse, what do you think happens when the Inflation Machine of the World stops issuing credit? Here is a paradox for you, if debt requires a certain number of monetary units to be serviced, what do you think the shop-keeper does if he is not getting enough volume in sales to service his debt. Of course, raise prices. And on down the chain...
              No I don't think so Sapiens. First he tires to reduce prices trying to get more sales. Of course he cannot increase sales enough and goes broke. In the end there are fewer sellers who then CAN increase prices (dramatically). The end result is the same of course. There are just a few more steps in the process.
              I only make the point to keeep in mind the idea that a true competitive free enterprise environment will pretty well always deliver the most efficient economic outcome in terms of pricing. My experience of this is first-hand! Often unfortunately!

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