Reading any reputable news outlet reveals many current events taking place that illustrate a weakening in the stature of the United States, and her economy, as other world players strive for position and power in the global order. Some of these events have the potential to cause both a loss of stature and a deep and lasting economic pain for our country.
Russia Makes News In Our Neighborhood While The Ukraine Heats Up Another Notch
As Russia continues to exert its pressure on the Ukraine, Russian president, Vladimir Putin, took time to increase his political capital in the west by calling on Fidel Castro as part of his current Latin American Tour .
Although Castro is now officially retired, this meeting was far more than just social. Castro’s support of Russia’s actions against the embattled people of Ukraine paid off big as Putin announced Russia’s intention to forgive ninety percent of Cuba’s debt, as well as gifting them additional help in the form of much needed initiatives for oil and trade.
Putin’s temporary absence did nothing, however, to help ease the tension for Ukrainians, as Russia harshly blamed them for the death of a civilian near the border between the two countries.
Although Ukrainian authorities have denied this accusation, Russian legislators have gone so far as to call for retaliatory air strikes. Although we cannot afford another military intervention, if this situation continues to escalate, many believe we could find ourselves face to face with a strong and determined Russia.
Germany Expels CIA Official
The standing of the United States took another hit this week as Germany’s Chancellor Angela Merkel expelled a CIA official from her country due to allegations of spying. After another recent problem when the U.S. was caught monitoring the Chancellor’s mobile phone conversations, these new allegations have furthered damaged the once strong respect of a very important ally and friend.
Unrest In The South China Sea
Treaties with Japan have the power to draw the United States into future conflicts with the Chinese over the Senkaku Islands in the South China Sea. Escalating military movement by the Chinese in this area has caused a similar escalation in patrols by the United States, adding another layer of demand on the resources of our country as it is finds itself stretched nearly to the breaking point.
Middle East Clashes Continue To Worry The Oil Market
Even though prices at the pump eased a bit this week due to a slight lessening of activity in the Middle East, the hold that OPEC has on the price of oil is still a huge concern in the U.S.. Syria, Iran, Iraq and Turkey all remain primed for continuing upheaval, which will most certainly draw the attention, and eventual military intervention of the United States.
Border Problems Continue To Escalate On The Home Front
Although the problems of the world already create a huge economic drain on America, it is only part of the problem. As thousands of illegal aliens continue to stream, unchecked, across the Mexican border, dealing with and caring for these people will most certainly add fuel to the fire that is turning a troubled economy into ashes.
Even a healthy economy cannot withstand an assault from numerous fronts. Even worse, however, is the fact that a struggling economy, such as ours, cannot begin to gather steam and rebuild under this pressure. Gold bugs know that a return to gold is inevitable. Will you be ready?
By ETF Daily News