I'm going to save the "I told ya so." At many times we forget that 2 + 2 = 4. No matter how many people say the solution is 5, their ignorance (or deception) can't stand in the face of current events.
The violence in Egypt and Tunisia along with protests in Albania, Jordan, and Albania are such current events.
Quantitative Easing (QE) has pushed global food prices so high that people in fragile economies are going hungry. These people aren't protesting and turning violent because of a political or religious ideology--they are out of food. This creates the kind of desperation that inevitably leads to violence, and even revolution.
QE was designed to prop-up the economies of First World, western nations and is only made possible by the high level of faith and credit of these nations. Third World, or "underdeveloped," nations don't have this option. Their currencies and economies can't withstand currency manipulation, and thus, they cannot keep up with the price increases set by the First World.
What we are seeing is the direct result of the unethical and manipulative monetary policy necessary to keep the architects of our financial disaster on top.
Over the coming weeks and months it will be interesting to see how the proponents of QE are (or aren't) held accountable for what is happening. We have accumulated a massive amount of debt that is unserviceable without inflation. Instability in the Middle East has a correlation with high oil prices which will push prices even more.
It seems there is no turning back.
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