A Changing World...
25/08/08 18:28
A new article has been posted, “Sincerity In Prayer”.
Once again the global landscape is changing, nations are being reshaped and reborn and who knows how it will end up this time. Russia is formally recognizing South Ossetia and Abkhazia as independent countries. Was Russia’s goal all along to weaken Georgia? The move is expected to increase tension with the west and it is reported that Russia has cut all ties with NATO. The US has been insistent that the territories must remain part of Georgia and called the recognition by Russia “unacceptable”. Russian forces still occupy both South Ossetia and Abkhazia.
Iraq claims that an agreement has been reached to have all US forces out of that country by 2011. US forces would cease patrolling Iraqi cities and villages by the middle of next year. The Iraqis appear to be anxious to end US presence and control of their country and to assume responsibility for their own destiny. Is the country ready to take control, or will it disintegrate into civil war once the threat of the US military has been removed, further de-stabilizing the Middle East? Read the story here.
Pakistan’s ruling coalition has collapsed and the country faces an uncertain future. Dissent is already rearing its ugly head and party leaders are in opposition as to who will lead that country. India and Pakistan have been at odds for quite some time and anything is possible with a new leader coming to power in Pakistan. Nuclear threats have been thrown back and forth several times. If a leader who is unable to keep the country cohesive and united in placed in power, the region could become very unstable. Pakistan has possession of a nuclear arsenal and if the country sinks into total chaos, who will retain control of the weapons? Read the story here.
Another bank has failed and has been taken over by Federal Regulators. Columbian Bank and Trust of Kansas was closed by the Regulators and is the ninth US bank to fail this year. Citizen’s Bank and Trust will assume control of the bank’s assets. How many more losses can the financial sector bear? The pace of failures is increasing and the bottom has not been hit yet. Can our financial system continue to absorb such huge losses? Read the story here.
Criminals are abandoning the weak US dollar in favor of the Euro! It is a sad day indeed, when even those who engage in illegal activities begin abandoning the dollar. The US dollar began to lose ground in 2007 and its decline has accelerated in 2008 with no end in sight. Read the story here.
Until next time...
Once again the global landscape is changing, nations are being reshaped and reborn and who knows how it will end up this time. Russia is formally recognizing South Ossetia and Abkhazia as independent countries. Was Russia’s goal all along to weaken Georgia? The move is expected to increase tension with the west and it is reported that Russia has cut all ties with NATO. The US has been insistent that the territories must remain part of Georgia and called the recognition by Russia “unacceptable”. Russian forces still occupy both South Ossetia and Abkhazia.
Iraq claims that an agreement has been reached to have all US forces out of that country by 2011. US forces would cease patrolling Iraqi cities and villages by the middle of next year. The Iraqis appear to be anxious to end US presence and control of their country and to assume responsibility for their own destiny. Is the country ready to take control, or will it disintegrate into civil war once the threat of the US military has been removed, further de-stabilizing the Middle East? Read the story here.
Pakistan’s ruling coalition has collapsed and the country faces an uncertain future. Dissent is already rearing its ugly head and party leaders are in opposition as to who will lead that country. India and Pakistan have been at odds for quite some time and anything is possible with a new leader coming to power in Pakistan. Nuclear threats have been thrown back and forth several times. If a leader who is unable to keep the country cohesive and united in placed in power, the region could become very unstable. Pakistan has possession of a nuclear arsenal and if the country sinks into total chaos, who will retain control of the weapons? Read the story here.
Another bank has failed and has been taken over by Federal Regulators. Columbian Bank and Trust of Kansas was closed by the Regulators and is the ninth US bank to fail this year. Citizen’s Bank and Trust will assume control of the bank’s assets. How many more losses can the financial sector bear? The pace of failures is increasing and the bottom has not been hit yet. Can our financial system continue to absorb such huge losses? Read the story here.
Criminals are abandoning the weak US dollar in favor of the Euro! It is a sad day indeed, when even those who engage in illegal activities begin abandoning the dollar. The US dollar began to lose ground in 2007 and its decline has accelerated in 2008 with no end in sight. Read the story here.
Until next time...