Riots in the U.S.
Billionaire George Soros predicts protests by Occupy Wall Street will turn violent, while warning the U.S. financial system may collapse.
According to Newsweek, Soros said riots on the streets of American are inevitable and that the Occupy Wall Street movement “is an inchoate, leaderless manifestation of protest,” in other words—chaos.
“At times like these, survival is the most important thing,” Soros said.
In Davos, Professor Nouriel Roubini, “Dr. Doom” says the fallout from that crisis could last the rest of this decade leading to “social unrest.”
Majority of Republicans and Demcrats say, “Throw out all U.S. Congressmen”
The Wall Street Journal poll shows Americans agree on one thing: they don’t like Congress, and they would vote to replace every single member—even their own, if they had the option. They do, but won’t match their poll results with deeds.
Fifty-six percent of registered voters say they would vote out every member of Congress if there were a place on the ballot to do so—with 55% of liberals, 55% of moderates, and 58% of conservatives all feeling the same way.
Federal Reserve says U.S. recovery years away
The U. S. Federal Reserve has stated that a full recovery is years away. For this reason, the Fed it was not likely to raise interest rates until the end of 2014, adding 18 months to the expected duration of its response to the slump.
Too late for Israel to attack Iran?
Israel’s fears that it might soon be too late to launch military action were bolstered earlier this month when Iran announced that it had begun to enrich uranium at its Fordow plant, which is buried so deep within a mountain it may be impossible for Israeli warplanes or missiles to destroy.
Libya a failed state (thanks to Hillary)
Hillary Clinton’s head of Libya, devout Islamic professor Mustafa Abdel Jalil, was trapped inside for a government building in Benghazi for hours by an angry mob. Abdel Jalil attempted to placate the mob, but retreated into the building after water bottles were thrown at him.
Doctors Without Borders has suspended its work in prisons in the Libyan city of Misrata because it said torture was so rampant that some detainees were brought for care only to make them fit for further interrogation. Over 8 thousand prisoners are held in Libya’s secret detention camps.
Meanwhile, Gaddafi loyalists have re-taken the strategic town of Bani Walid.
Iraq a failed state (thanks to Bush)
The Sunni/Shiite rift is leading to daily bombings and deaths on both sides. A civil war is on its way.
Syria headed for civil war
The United Nations is considering resolutions against Syria. Soon it may be bombs (and drones) away over Damascus.
U.S. floating base in the Middle East (shades of Kevin Costner’s Water World)
The Pentagon is rushing to send a large floating base for commando teams to the Middle East as tensions rise with Iran, al-Qaeda in Yemen and Somali pirates, among other threats.
U.S. war games show that Iran has the capability to do major damage and to sink a large part of the U.S. naval fleet in the Persian Gulf.
World Economy slows
Overall, the world economy is expected to expand 3.25% in 2012 — down from the 4% projected by the IMF in the fall. That figure includes 8.2% growth in China and 7% in India. U.S. Growth is forecast at 1.8%, minus 3% inflation = -1.2%–U.S. the recession continues.
Price of oil goes up
Saudi Arabia’s monthly crude oil production jumped 7.3% in November topping 10.04 million barrels per day, a 30-year high mark, and at record prices thanks to threats from Iran.
But there is a bright spot!
Nowhere is the new mood more evident than in Brazil, which recently passed Britain as the world’s sixth-largest economy. Brazil’s unemployment rate is at a historic low of 4.7%. Veja, a leading newsmagazine, celebrated in a cover story this month the creation of new millionaires at a rate of 19 a day. By some measures, São Paulo’s financial sector is the envy of Wall Street: The market value of one bank, Itaú, now exceeds those of Goldman Sachs and Morgan Stanley combined.