Posts Tagged ‘Economic’

As another weekend winds down I find myself looking ahead to the new week ahead.  For next week, congress will be back in Washington DC and sadly, President Obama is still trying to make the case for a strike against Syria to defend is ego after the anointed one failed to make anyone in the Middle East take him seriously.  It looks like he will speak to the nation in the next couple of days.  I wonder what can be said to justify the terrible risk that the President wishes to take.  No doubt Mr. Obama will talk about human suffering.  I am in fact sympathetic to that argument.  At least I would be sympathetic to that argument if it happened prior to the brutal killings of over one-hundred-thousand people by other means.  Is a chemical attack terrible?  Of course, but so are the numerous gruesome deaths inflicted on innocent civilians by both sides since this crisis began.  This is not an easy situation regardless of how things play out.  I just know that economically, the United States is in no position to be burning through our make-believe cash for a risky adventure in Syria.
While I am hopeful that the US will not launch a strike, the fact that the establishment GOP and the Democrats seem to be hell bent on such action make it seem likely.  There is a fair amount of resistance to such action in congress and from the American public but only time will tell if cooler heads will prevail.  Responsiveness to the public will has not been all that evident in Washington D.C.  If this strike does happen, be sure to make note how your representative voted.  It is our job to hold them accountable.  The impacts could be unpredictable.
As usual, Stratfor does their usual amazing job of analyzing the economic costs.  What is interesting in the video analysis however is that while Stratfor does a solid job talking to the immediate concrete repercussions, they didn’t really cover the possible unforeseen impacts that are at the very least possible, if not likely.  Sure it’s obvious that the stock market and the price of oil would be impacted, but what happens if things spiral out of control.   In other words what happens when Iran, Russia, or even China respond to a US led attack with some form of retribution?  Does such an event make a serious economic impact more or less likely to occur?  Does the war escalating to include Israel make the world more or less stable?  As I recall the economy is really fragile.  How much pressure would it take to really put the kibosh to the so-called recovery?Warfare is never a sure thing.
Phoenix Republic is a fictional story based on a economic collapse.  Unfortunately, In today’s world verisimilitude for the story is sadly, far to easy to achieve.