Revolution is coming to a country near you

Written by Ciaran Ryan. Posted in Journalism

Vancouver Riot 2011 - VIII by cabbit

Vancouver Riot 2011
– VIII from cabbit
Flickr.com

 

What do Syria, Egypt, Jordan, Morocco and Algeria all have in common?

Apart from violent street protests or outright revolution, they are the world’s most profligate printers of money.

The Johannesburg-based and Austrian-leaning economic research house ETM Analytics recently put out some research that looks at the economic triggers behind social upheaval. Rather than looking at the more obvious political causes of violent revolution, the research shows that those countries with the money printing presses in overdrive are also those experiencing – or about to experience – massive social tension.

Take a look at the accompanying graph and make your own deductions. It’s no surprise that Syria tops the list, with a Continuous Commodity Index (CCI) inflation rate of 60% since the start of 2010. Next comes Turkey, Brazil, South Africa and Argentina with CCI inflation of 30-40% over the same period.

It’s true that apart from Syria, none of these countries have experienced anything like the kind of upheaval in Egypt, Tunisia and Syria. Not yet, at any rate.

Continues at source

 

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Ciaran Ryan

The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.

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