Sunday, September 4, 2011

430,000 Protest High Prices in Israel

Some 430,000 people took to the streets in rallies across Israel Saturday night in a protest against soaring prices.

The biggest march was in Tel Aviv, where up to 300,000 took part, reports The Guardian. There was an unprecedented 50,000-strong protest in Jerusalem and a 40,000-strong showing in Haifa.

The movement behind the protests has the support of about 90% of the population according to opinion polls.

In 2009, Israel's central bank increased the money supply by 52%.

5 comments:

  1. The movement behind the protests has the support of about 90% of the population according to opinion polls.

    Which "movement" would that be? This doesn't sound spontaneous.

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  2. It seems that Israel and the United States share the same enemy: I'm not talking about Islamic terrorist, but the economic terrorist polices know as "central bankism."
    From Ron Paul's book End the Fed (p. 38):

    GENESIS 47:15 "SO WHEN THE MONEY FAILED IN THE LAND OF EGYPT AND IN THE LAND OF CANAAN, ALL THE EGYPTIANS CAME TO JOSEPH AND SAID, 'GIVE US BREAD, FOR WHY SHOULD WE DIE IN YOUR PRESENCE? FOR THE MONEY HAS FAILED.'"

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  3. If Ron Paul can accomplish something with this presidential run it should be getting average people to understand that inflation is purposefully caused by government central bank funny money and is not a mysterious force of nature. We will get nowhere until that is widely understood. Once understood, I think the Keynesians are toast, but not until.

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  4. Same thing will be happening here very shortly. Good reference above in Genesis by the MD.

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  5. We should clarify Ron Paul's "return to real money" stance on gold. What he is saying is a return to gold standard NOT gold as money and under the "gold standard" gold is only convertible into dollars at a fixed rate of $35.00 an ounce. That would, by default make the dollar either the strongest world currency or the weakest. You could say, "well if gold is now only worth $35 bucks then Windows software is now twice the price of gold but still, $1,930.00s cheaper than Chinese think an ounce of gold is worth"...sales of Windows programs skyrocket since it is now so darned cheap along with ALL American-made products. Wow a policy that bankrupts the super rich and generates wealth for the rest of America?

    YA DONT SAY

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