**Dated [xx/xx/201x]: Fill in the future date of this article/press release by using your own common sense or Ouija board, please see disclaimer at bottom.
China’s President Hu Jintao and China Central Bank Advisor Xia Bin called an emergency meeting of the G-20 Member Countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and the European Union) this weekend.
Saudi Arabia, Turkey, South Africa, Argentina, Brazil, China, India, Mexico and Indonesia were reported to have been extremely concerned over the recent fall of Egypt and Tunisia's government. They expressed grave concern over the rapidly growing civil unrest caused by protests over rising food prices, high unemployment and other poor economic conditions in the region. Unrest has recently erupted in Tunisia and spread to Egypt, Ethiopia, Nigeria, Libya, Morocco, Bahrain and Iran.
Speculation is that China's "Jasmine Revolution" was not able to be squelched through its iron firewall. It is believed that this was what made President Hu finally take action.
China has long been concerned with inflation. Recently a growing number of its population of 1.3 billion began shouting slogans like: “We want food to eat, we want work, we want housing.”
China has seen many of its regimes toppled by social unrest sparked by high food prices.
President Hu was quoted: “For nations outside the United States increasingly high food prices accounts for the largest part of our citizens' budget. We can not allow Ben Bernanke’s monetization of the deficit to destabilize the developing economies by exporting inflation.” Many economist are quick to point out that in many LDCs (Least Developed Countries) food accounts for 50% of a families budget whereas in the United States it food is roughly 13%.
China has raised interest rates several times - despite US objections - in attempts to mitigate their inflation.
Economists now predict that the United States will either default on its 128 trillion dollar debt or quickly suffer the consequences of hyperinflation through the Fed's continued monetization of the unpayable portion of the deficit. 57% of the deficit is unfunded (looted) liabilities like Social Security and Medicare. 23% of the deficit is debt service. Economists say Monday's FX rates will determine gas prices and food prices and the new value of the USD.
"There was a growing concern that Bernanke’s fiscal policies would prove the Mayan’s correct, I suspect the United States will find an excuse to wage nuclear war over this,'" said one prominent historian.
**Dated [xx/xx/201x]: Fill in the future date of this article/press release by using your own common sense or Ouija board. [In other words: Don't sell the USD based on this "Onion (spoof)"-type article.]. I wrote this missive to underscore that Ben Bernanke doesn't get the game of dominoes, which in my opinion closely resembles economics. Bernanke's Quantitative Easing (money printing) exported higher food prices (inflation) to countries where unemployment is high and or food accounts for 50% of their budget. Food prices are after all priced in dollars and the more dollars they print reduces the value of the dollars already in the system. Gerald Celente's "When people have nothing to lose - they lose it" saying was proved correct. Now BP is pulling workers off the 9th largest field in Libya - so the higher oil price domino is about to fall on us (and the rest of the world) and exacerbate the turmoil that Bernanke started in the Middle East and China. While it isn't in the best interest of the world to dump our dollar many leaders are going to be faced with doing just that or being deposed. This is why, for the last several weeks I have increased my repetitive banging on the re-value the currency overtly drum, if we don't we might never have the oppertunity to do so.