So it takes about 2.5 years for the inflation effects to be felt!!!!!!!!!!!

current Middle East crisis tie in with the recent reports of Feds loaning more money aboard than at home

US currency = gold standard = global currency = reserve currency

pretty much US dollar is the global currency.

in a global persepective, with the understanding that US dollar is the global currency, I would equate these middle easterners as lower-middle class citizens of the world.
they are the first experiencing the full brunt of force of the inflation. so much so that they are going bezerk and toppling down their dictators who has ruled for decades.

kind of makes sense why the Fed gave more printed money abroad than at home.

because a thief steals things? kinda simple. btw, there is no gold standard. to have a gold standard you must have as much gold as you have "certificates" to get gold with. furthermore, if china, the worlds mass market
starts strengthening their currency, (dropping ours is step one) we wont be the reserve anymore either.

eta. so what is the headline for anyway? makes no sense without a link

reply to post by saabacura


The middle east protests were mainly because of the rising food prices. The MENA (Middle East and North Africa) region is dependant on the imports of food. With all the catastrofes which took place last year (floods, fires etc), food prices spiked. The other stuff was the same for the last few decades. People will go on the streets when they are hungry, something like "Don't # where you eat"

China is actually importing big part of the US inflation.

And there's no gold standards in US Status of the reserve currency is keeping dollar above water.

P.S.: English is not my first language