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First Tunisia and Egypt could the KSA be next?

General discussions of the systemic, societal and civilisational effects of depletion.

Re: First Tunisia and Egypt could the KSA be next?

Unread postby Humungus » Sun 31 Mar 2013, 11:06:39

$this->bbcode_second_pass_quote('pstarr', 'W')elcome to your future.

The root of the crisis, economists say, is that Egypt is running out of the hard currency it needs for fuel imports. The shortage is raising questions about Egypt’s ability to keep importing wheat that is essential to subsidized bread supplies, stirring fears of an economic catastrophe at a time when the government is already struggling to quell violent protests by its political rivals.

Farmers already lack fuel for the pumps that irrigate their fields, and they say they fear they will not have enough for the tractors to reap their wheat next month before it rots in the fields.


$this->bbcode_second_pass_quote('', 'A')nything but the truth; the West calls for tax increases and subsidy cuts. The Muslim Brotherhood blames "corruption left over from the government of Hosni Mubarak, combined with hoarding inspired by fear-mongering in the private news media. “They are against the revolution,” he said."

Notice the red dot in the chart. :shock: Egypt was an exporter since the late 1960's. Now they are broke. This is what peak looks like.


And Egypt's population increases with more than one million people every year. Egypt is heading fast towards doom.
Humungus
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