Hard times in store for Egypt. (Full Version)

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DarkSteven -> Hard times in store for Egypt. (8/18/2010 9:16:01 PM)

http://news.yahoo.com/s/ap/20100817/ap_on_re_mi_ea/ml_egypt_bread_worries

The country relies on bread subsidies to keep the price of bread low.  Russia has been the supplier of wheat for years, and is eliminating exports due toa failed crop.

Should be interesting.  I assume that we could supply the shortfall, but wheat takes months to grow to harvest...



thornhappy -> RE: Hard times in store for Egypt. (8/18/2010 9:26:03 PM)

Wow.  Things are already restless there, with many of the young men unable to get jobs, which means they can't marry and have a family.



DCWoody -> RE: Hard times in store for Egypt. (8/18/2010 10:00:21 PM)

They'll be fine. The whole bread subsidy situation stinks ofc, but...this won't make it any worse...they buy in advance, probably make it more expensive but...not a disaster or anything. Egypts problem is geographical mostly....other than the Nile, it's desert wasteland. Population massively outweighs arable land....but it can pay for food imports with the Suez Canal. They built a huge dam on the nile a while back, which can't have helped the growing wheat situation...but I seem to recall hearing they were doing an arseload of fishfarming in the resultant lake.



hlen5 -> RE: Hard times in store for Egypt. (8/19/2010 1:23:04 AM)

I can't verify it, but I thought I heard that the US can make up the shortfall from Russia's crop failure.



OohAahMrs -> RE: Hard times in store for Egypt. (8/19/2010 7:54:58 AM)

Look, just keep it all afloat until i've been over there for my my winter hols!!!



Sanity -> RE: Hard times in store for Egypt. (8/19/2010 10:56:20 AM)


Things will just get worse as the world increasing turns crops into fuel in the name of saving goddess Earth. 



truckinslave -> RE: Hard times in store for Egypt. (8/19/2010 3:44:40 PM)


quote:

ORIGINAL: Sanity


Things will just get worse as the world increasing turns crops into fuel in the name of saving goddess Earth. 


In a world full of starving people, a majority of people think running trucks on corn is a better use of the crop than using it as a cudgel against OPEC and Middle Eastern governmental ties to terrorism.
A little creativity could go so far....



truckinslave -> RE: Hard times in store for Egypt. (8/19/2010 3:50:13 PM)

D/S, it is a goal of many people to reduce/end the dependence not just of the US but the entire world on Middle Eastern oil.
I would love to see that myself.
Few, however, have given much if any thought to the consequences.

It is my belief it would add a strong economic impetus to what I see as the already rising fervor for war to establish worldwide Islamic dominance.

Specifically: how do Middle Eastern nations feed their rapidly growing populations absent oil revenue?
Answer: many of them don't.



thornhappy -> RE: Hard times in store for Egypt. (8/19/2010 5:18:04 PM)

quote:

ORIGINAL: Sanity
Things will just get worse as the world increasing turns crops into fuel in the name of saving goddess Earth. 

Are you talking about corn ethanol?  Because that market's collapsed.



truckinslave -> RE: Hard times in store for Egypt. (8/21/2010 10:21:43 PM)

quote:

Are you talking about corn ethanol? Because that market's collapsed.


You can find quotes from me decrying the vacuous stupidity of ethanol going back many years. Nothing more than farmers dreaming of selling corn at higher prices, and politicians dreaming of buying votes in Iowa.

They won. Everyone else lost.

If you want higher prices on the farm, nationalize food exports, start OFEC (Org of Food Exporting Countries- pronounced Oh Fuck).......



Lordandmaster -> RE: Hard times in store for Egypt. (8/21/2010 10:50:05 PM)

There sure is a whole lotta experts on global markets and international relations here in the Collarme forums.



truckinslave -> RE: Hard times in store for Egypt. (8/22/2010 12:15:55 AM)


quote:

ORIGINAL: Lordandmaster

There sure is a whole lotta experts on global markets and international relations here in the Collarme forums.


Well, some see experts, perhaps; the rest of us see opinions and speculation [:D] Grammar experts too [;)]

The good part about driving a truck is that you have enough time to think.
The bad part about driving a truck is that you have too much time to think:

1. The world has a commodity we need badly: oil.
2. We have a commodity the world needs badly: food.

I think most people would call those facts, maybe some would substitute "want" for "need" in #1.
That's where I peeled off into my own speculation of turning the whole world against OPEC by setting up a barter system for oil based upon the food value of our crops....



popeye1250 -> RE: Hard times in store for Egypt. (8/22/2010 9:17:47 PM)

Correct me if I'm wrong but I don't think Egypt has any oil.



DCWoody -> RE: Hard times in store for Egypt. (8/22/2010 9:26:27 PM)

There's oil pretty much everywhere if ya look hard enough. The idea wouldn't work anyways.....even in Egypt they could expand food production cheaper than trading oil for it in a theoretical food cartel situation. Also think he may be missing that we already do that via a medium known as 'money'.



MrRodgers -> RE: Hard times in store for Egypt. (8/22/2010 9:46:49 PM)

quote:

ORIGINAL: Sanity

Things will just get worse as the world increasing turns crops into fuel in the name of saving goddess Earth. 

Yes, and it will really exacerbate what is a wretched situation already with lavish subsidies all over the western world and its impoverishment of eastern agrig. Add to that all of trade restrictions in these so-called free-trade agreements and the tariffs that cost us more.



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