The Commodity Bubble and Rebellion in Egypt

By now it is not news, but there is no fault in looking at another reasoned explanation about how the Federal Reserve’s money printing (aka QE 2) has fueled an ongoing commodity bubble that has driven food prices so high that people in less developed countries can barely afford to eat.

As the Spengler column and many others have pointed out, the rise in food prices has directly influenced the rebellions that are taking place in Egypt and across the Middle East.

While Chairman Bernanke glows with pride at his ability to create enough inflation to defeat the dark forces of deflation while juicing the stock market, people around the world are going hungry.

In a recent appearance on the Dylan Ratigan Show, famed money manager Bill Fleckenstein offered an analysis of the situation.

Link here.