2. Oil prices will spike. I imagine you could easily see $150 a barrel or maybe even more. This development could throw the US and Europe back into deep recession.
3. Hizbullah would likely launch rockets, causing at least severe inconvenience to some 1/4 of the Israeli public, which might well have to move house again, and possibly much worse if Hizbullah is able, as they claim, to target toxic gas storage in Haifa or even reactor at Dimona with modified Chinese silkworms. It is not clear that the Israeli public would appreciate all that trouble; they didn’t, in former PM Ehud Olmert’s case (his 2006 Lebanon war was extremely unpopular and his party is no longer in power). A Hizbullah official said on Sunday that Hizbullah would be willing to go to war with Israel if Syria were attacked, so it seems likely the same thing would hold true with regard to Iran.
Eurozone fears bring instability to global markets - May 25th, 2011 “…there are also mounting protests in the Continent against public sector spending cuts and rising unemployment. At the same time, fears that Greece, Italy and Spain will be unable to re-pay their sovereign debts without an expensive bail-out sent markets in Europe and North America tumbling earlier this week.” Source
Thousands in Greece austerity protest - May 25th, 2011 - ATHENS - Thousands of protesters gathered in Athens and other major Greek cities Wednesday to condemn the government’s austerity policies after an online campaign inspired by recent turnouts in Spain.
More than 10,000 people, according to media estimates, assembled in the capital’s central Syntagma Square, shouting and shaking their fists at the lawmakers inside the nearby parliament building.
Another 5,000 gathered in the northern city of Thessaloniki and similar protests were planned in the cities of Patras, Ioannina, Iraklio and others.
Spain went through similar protests last week leading up to their election:
Protests to continue in Spain - May 25, 2011 - Since mid-May, Spain has been witnessing demonstrations against the government’s austerity measures.
The massive protests came after the government of Prime Minister Zapatero introduced a slew of drastic austerity measures, including the cutting of civil servant wages, as part of its plans to curb the budget deficit from 11 percent a year earlier to within three percent of the GDP, a limit set by the European Union by 2013. Source
Meanwhile, protests are returning to Egypt:
Egypt’s PM tries to head-off “Second Revolution” - May 25, 2011 - Facebook groups, which helped oust President Hosni Mubarak in February, have been complaining about what they see as slow political and economic reforms and delays by the military council and the interim government in bringing to justice former officials charged with abuse of power and graft.
They have called for a massive demonstration in Cairo’s Tahrir Square, the hub of protests that toppled Mubarak, on Friday in what they dubbed the “second revolution”. Source
And yet the Slut-walk Protesters, which have also gone global, would rather invest their time in protesting a stereotype. Ladies, I know it’s a problem that is deeper than some, but really, people are putting it all on the line for a shitload of heavy, heavy issues and you organize against what some dumb cop said in Canada? #firstworldproblems
The Daily Show with Jon Stewart takes on the hypocrisy of bombing Libya while ignoring all the other civil wars and protest crackdowns in the Middle East. It’s the “American Freedom Packages” - custom tailored approaches for your fucked up section of the world. :) I dearly love Jon.
Egypt has been dealing with famine for several years. The story from 2008 quoted below sounds remarkably like the news today.
In a letter to a US newspaper Ban Ki Moon warned that shortages are forcing prices to rise which may have devastating consequences for the world’s most vulnerable communities The most acute effects have been seen in Egypt, where thousands of people have resorted to violence due to shortages of basic food commodities and rising food prices.
At least 10 people have died over the past two weeks, in riots that erupted at government subsidised bakeries. The unavailability of basic food products such as bread, rice, sugar and cooking oil, coupled with high food prices has led many to protest against the Egyptian government and resort to violent tactics. National crisis
An Egyptian man said: “People are fighting. Killing for bread, some are even pulling out knives. What is happening? What is this? Famine? ” Another woman, waiting at a government bakery said: “I’ve been standing here from 7am. Its now 2pm and I can’t get hold of even one loaf of bread.”
This weeks escalation is just one of many happening recently across the world. Food riots in Tunisia, Haiti, Algeria, India, and Egypt provide the impetus for a statement by the Head of the UN World Food Program on 1/24/11 where she stated that ““We’re in an era where the world and nations ignore the food issue at their peril,”. Food shortages in China have prompted predictions of riots there in 2011. For more on the underlying reasons for the food riots in Egypt, see this 06/26/2010 story. [embedded below]
Survivalists are subject to negative stereotyping - with good reason. However, we aren't all tin-foil hat wearing, conspiracy theorist Chicken Littles.
My Goal: Provide a skeptical, balanced, and rational environmental scan of current news and commentary about Dramatic Change Events (DCE).
About me: A tolerant, socially liberal, gun owning, food-stocking, information science professional and former native of eastern Kentucky who questions everything, but doesn't ignore the signs that dramatic changes are happening all over the world - every day.
Who cares about speculation on the causes at this point, I'm watching the symptoms.
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