Comment: Connecting the Dots Between Fed QE, Arab Spring and Syria

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Connecting the Dots Between Fed QE, Arab Spring and Syria

Nov 11, 2010 Fed begins QE2

January 2011: food riots break out in Algeria over the soaring cost of food as flour, cooking oil and sugar double in price.

Unrest spills over into Tunnisia resulting fall of government President Zine El Abidine Ben Ali

Turmoil spreads to Libya and Egypt disrupting oil production sending oil prices 20% higher

February 2011: Bernanke testified before Congress that Fed QE policy did not unleash the inflation that was ramping higher at the time and instead blamed rising prices on disruption in the oil market due to fighting in Libya.

March 2011: The unrest spreads to Syria which has been at civil war for more than two and a half years.

Ed Rombach