I see an economic diasater coming...

[triffid]

More on Egypt  and from a newsletter I received So I am not the original author here: The talking heads on TV keep predicting "civil war" in Egypt. With 900 civilians and 100 police reportedly killed since last week, I don't know what else to call it. In today's morning edition, James DiGeorgia said the violence, chaos and bloodshed in Egypt is setting up a larger regional conflict. I highly suggest you read his outlook, if you haven't yet had a chance.
This afternoon I want to dig a little deeper into the root cause of Egypt's turmoil. The sources I've read suggest it all boils down to one word: water. The country doesn't have enough of it.
Egypt is not the only nation with a water problem. What you see now may happen again in other countries ... and not just in the Middle East.

First, a quick refresher on Egypt's recent history. In January 2011, widespread protests forced longtime president Hosni Mubarak out of office. Military authorities took charge while various factions negotiated a new constitution.
A June 2012 election, while widely regarded as fair and democratic, elevated Mohamed Morsi to the presidency. His Muslim Brotherhood party gained control of the government.
The Morsi administration's policies did not please the public. More demonstrations this summer drove him out of office, too. Egypt's military leadership installed another interim government. Now Morsi supporters are angry, causing the current violence.
Those are the facts, as fairly as I know how to present them. Questions remain, however. What happened in 2010-2011 to make the public rebel against Mubarak? And why was the public no happier with the new, freely elected Morsi government?

[profitis]

@triffid..well if no gold backs it up then what will?its gona be toilet paper eventualy lol.

[the_big_m_in_ok]

@triffid..well if no gold backs it up then what will?its gona be toilet paper eventualy lol.

You make a good point, unintentionally, I think, profitus.   Toilet paper can be used for barter if and when the economy collapses.   Canned food, soap, water purification tablets, guns and especially ammo for the guns, medical supplies, etc, etc, etc.   Who can eat a bar of gold?   Barter is better than nothing if you have something to barter with.   A doctor can do well in such a situation.

The regional conflict possibility can hold true for Egypt and Syria, in particular.   The Russians are supplying the currently ruling partie(s) and Iran is supplying the rebels.   Regional conflict in the making.

Let's be glad we don't live in that part of the world.

--Lee

[ecKen]

@Profitus:

Thank you for your reply. Where I was leading with my "leading" post is precisely decentralization. I have heard blurbs here and there for the past two years or so that the one world government crowd wants one currency. One way to do that is to offer a formula for all debt forgiveness in the issuance. Agree? Let's face it, we have decided to go the way of Greece in the US; simply printing (not even that just saying we have created) more money supply in hopes of propping up our stock markets. Where the inflation is showing up here the most right now is in food prices. Especially those food stocks that are interdependent on oil for manufacture and / or shipping. Things like bread and milk have doubled in the last three years. I would not put it past leaders to drool over the possibility of resetting debt to gain more power and control. Losers...All consumers. The new currency would make a loaf of bread that is 5.00 now be the equivalent of probably 15.00, but look like 2.00 in the new currency. The perfect plot to syphon the rest of the capital from the middle class?

Your thoughts please.

Thanks,

Ken

[triffid]

Right now our paper money(currency) is backed by paper(bonds).Then most of our banks practice fractional banking.Then there are all forms of credit(bad and good).http://finance.yahoo.com/blogs/breakout/lack-physical-gold-demand-spark-spectacular-rise-says-122848744.html  perdicts an increase in the price of gold.What I see here is the elite rasing the price of gold to suit their own goals.It does not cost that much to affect the price of gold.Just a mere rumor saying that China will sell its gold bullion.Dropped the price of gold recently.If I were in on the plan.I would sell my gold before I started the rumor.Buy back my gold and more,then creat more rumor(gold is scarce now) to start driving the price back up again.This is what I see now.triffid