Wednesday, February 23, 2011
WHAT IS COMMON AMONG TUNISIA, EGYPT AND LIBYA?
All the signs are there. Former President Ben Ali of Tunisia was dictator for 24 years, past Egyptian President Hosni Mubarak was in power for 30 years, and now, Colonel Muamar al-Gaddafi (right), who has been running Libya for 42 years, on the brink of going. Libya, however, is different: anti-American, oil supplier and what military there is is loyal to the Colonel, because if he goes, so will they, and brutally. There will thus be many more deaths before this is over.
The commonality of the three is that each leader tried to become good guys. An amazing figure below:
shows that the three countries making the greatest leap in the UN Human Development Index over the past thirty years were Tunisia, China and Egypt. Colonel Gaddafi similarly reached out to the free world, dismantled his weapons of mass destruction, denounced terrorism and made significant concessions regarding Pan Am 103 over Scotland. The result of these humanitarian gestures must show a sign of weakness to the masses. WATCH OUT CHINA! Also, note that Morocco, India and Pakistan are #4-#6 in the chart above.
Another triple digit loss on Wall Street, as the Dow Jones Industrials fell 107 to 12,106, with world markets also almost all declining. Gold surged up $15/toz to $1413, while the same is happening to oil, as the NYMEX is at $99/barrel and Brent Spot at $112/barrel.
The two tropical cyclone in the general vicinity of Australia, still at 65 MPH, appear to be heading into the open ocean.