Does anyone actually take him seriously?

In a FREE market, supply rises to meet increased demand. But in a market manipulated by a central bank that issues the so-called "default" currency of the US Dollar, any nation tied to that Dollar will see its currency devalued as well. Egypt is one such case. Increased amounts of currency units means that each unit buys less -- hence, food, oil and other commodities are rising in price in the US, as they are in any nation tied to the US or any nation which has a central bank that has been behaving like the US Federal Reserve. It's very simple stuff!

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/830211...

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