JERUSALEM — With revolution sweeping the Middle East, Facebook-inspired protests have come to Israel in an unlikely form, in a carton of cottage cheese.
Prime Minister Benjamin Netanyahu had a tub of the cheese slammed on his desk in parliament on Wednesday by opposition lawmakers who jumped on the bandwagon of a social network call to "boycott cottage," in the face of a sharp rise in prices.
Money-printing and negative real interest rates are not just a US phenomena. It's worldwide as is the impact. Bernanke, for all his pronouncements, is causing dislocations and protests everywhere, even in nominally-well-off Israel.
It is time to depose Bernanke-the-Crook and impose a hard zero-inflationary standard, demanding that the inflation he has pumped into the global system, since the dollar is the reserve currency, be reversed and those who have losses he has covered up be forced into the open.
If this has to come from foreign nations and citizens who have the sack to protest, unlike those of us in the US who can't be bothered, then so be it.
Count The Market Ticker in full support of this protest and I hope it "spreads" - perhaps, all over Netanyahu's desk.
(A facebook group in support is at http://www.facebook.com/MyIsrael#!/home.php?sk=group_160938223972456)
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.
Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.
Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.