In the last Daily Freedom, “What’s Important?,” I alluded to the International Living article, “The Shocking Truth Behind the Riots in Egypt,” [which you may still find in the II Archive], which describes some of the real reasons for the Middle East riots. While the politics associated with those riots are unlikely to be important to your personal freedom, the real reason for the, food shortages and prices may be, because the cause of the food crises in the Middle East is likely to have a real impact on your own finances and food prices. Here’s Why:
Though I make the frequent point, that no one can predict the future, not environmentalists, not economists, and certainly not political pundits, one can make contingent predictions, that is, prediction that say, if sucn’n’such occurs or prevails the consequence will be thus-and-so. The reason those kinds of predictions are possible is because they are really statements of principle, based on the nature of things as they really are.
I make the contingent prediction that not only food prices, but the prices of all commodities will rise, enough to cause a great many people real economic stress if the US Federal Bank continues to inflate the money supply. At the moment, there is no reason to suppose the US government or the FED will suddenly become fiscally conservative. Every individualist ought to realistically consider the coming financial crunch and make whatever preparations they can to make themselves free from the current financial system.