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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (121083)	9/18/2012 2:31:40 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

You think too small. The pie isn't gonna get any bigger. Bernanke can't change that. There is no more oil coming out of the ground today than there was in '05; Bernanke can't change that. Countries which have to import both food and fuel (Egypt comes to mind) are fucked. Take all the "helicopter" money away, everything falls in price, they will still be outbid by others with more money. Their only hope is uh, what's it called, world government, giving everybody an equal share of the pie. Harden your heart, or start building a bigger lifeboat. It's gonna be ugly out there for quite a while. I'm of the "harden your heart" school. If China and India become the US, the 3 countries will be using 2.25X the world's production of oil and resources. Ain't gonna work. Analysis: As Egypt leaders feud, economy heads toward cliff (Reuters) - Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but their countrymen need them to find a way to work together to avert economic chaos. In the two weeks since his inauguration, President Mohamed Mursi of the Muslim Brotherhood has openly defied the entrenched military by summoning the Islamist-led parliament the generals dismissed on the eve of his election. The political confrontation risks paralyzing the government, and the first casualty could be Egypt's fragile economy, fast heading towards a balance of payments and budget crisis. When you have to import food and fuel, you are in deep doo-doo;see What’s behind Egypt’s Problems? How does it affect others? Posted on January 29, 2011 by gailtheactuary At least part of Egypt’s problem is that the government has in the past threatened to reduce food subsidies. Now it planning to hold food subsidies level and raise energy subsidies, but it is not clear that the dollar amount of subsidy will be enough. The government is taking steps to make food and energy affordable for most, but there is worry that it will not be enough. Egypt’s Declining Financial Situation There is a good reason why one might expect Egypt to start running into problems with energy and food subsidies. It own financial situation is declining, at the same time that the cost of food imports is soaring. If we look at a graph of Egyptian oil imports, exports, and consumption (thanks to Energy Export Databrowser, which graphs BP Statistical Data), we find that Egypt’s oil use has been rising rapidly, at the same time the amount extracted each year is declining. Message 27128933

To: RetiredNow who wrote (121083)	9/18/2012 4:54:31 PM
From: koan	Read Replies (1) \| Respond to of 149317

I wish it were ridiculous. Here is the scenario: Romney has already poked a stick in both Russia and China's eye. Now he also want to stay in Afghanistan, go back into Iraq and go into syria and will stop Iran no matter what. Both China and Russia support Syria and Iran, so when Romney declares war on them he will directly confront both Russia and China. How much more dangerous a play can he make?? Why can't you get this? Wharfrat: "What's important? Rmoney will either make Hoover look like a job creator, or will start WW3; or both. The rest is just small stuff, so don't sweat it.>> MM:<<That's ridiculous. Bernanke is a cause for more global unrest than anyone else right now. Think about that for a second. What does a global currency devaluation war do to countries where food is the largest expenditure in their budget?