RIOT DEATHS JUMP DUE TO UNEMPLOYMENT
COULD IT HAPPEN IN THE UNITED STATES?
2011 – Riots in Assam, Meghalaya, Northeast India, 4 dead.
2011 – Riots in Arusha, Tanzania, 2 dead and nine people injured
2011 – Riots in Algeria, 2 dead and four hundred people injured in riots linked to food price increases and unemployment
2011 – Riots in Tunisia, at least 78 killed
2011 – Riots in Jos, Nigeria, more than 30 people dead
2011 – Riots in Tirana, Albania, 3 killed, 17 policemen and soldiers were injured, including three seriously, along with 22 civilians
2011 – Riots in Lebanon, following the fall of Saad Hariri’s government
2011 – Riots in Egypt, hundreds killed
2011 – Riots in Tafawa Balewa, Nigeria, 4 killed
With nearly 14 million people looking for a job in the United States will we see riots in the streets of America?
IF IT HAPPENED WHAT WOULD IT LOOK LIKE?
Inflation, particularly food price inflation is becoming a concern for people all over the world. Inflation is here, and the first place that you would expect to see it is in commodities. When the Fed prints money in order to buy treasuries, it expands the money supply and causes inflation.
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When economies are growing, you would typically expect deflation, at least if you measure it by prices. More production and more goods puts downward pressure on prices.
When you go to the grocery store and pay more for food, when you go to the gas station and pay more for gas – you are paying for your share of the stimulus.
Ultimately, interest rates are going to rise in the United States, whether the Fed wants them to or not. The Chinese will need to unlink their currency from ours. When they do, their standard of living will rise. They probably want to do this as quickly as possible, but they aren’t because they want to maximize their ability to get rid of all the dollars that they have. Unfortunately, as the Chinese get a stronger currency, more purchasing power, and a higher standard of living, the opposite will be true in the United States.
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