The stock market lies muted and still today as word comes from an array of battle fronts seemingly unrelated but all bearing on the question of world financial and global security.
In the Ivory Coast the continuing crisis gives credence to a renewal of civil war creeping back into the scarred and only recently recovering tribal areas of West Africa- Liberia and Sierra Leone. The losing Presidential candidate, Laurent Gbagbo, continues in his refusal to yield the Presidency to his rival and apparent victor, Alassane Ouattara. Ouattara is Muslim from the North and Gbagbo is from the coastal and Christian sections. Ouattara has waited for the International and African diplomatic forces to act against Gbagbo. Gbagbo in defiance has shown that he is ruthless. Arms dealers are now involved from Easter Europe. Gbagbo ordered his troops to fire into a group of unarmed women demonstrators two weeks ago. Today he has taken control of the cocoa to control all exports. This affects 40% of the cocoa supplies globally. Prices have risen and will now continue to climb.
Ouattara has reacted by renewing hostilities along the western border with Liberia. His forces have seized a disputed city. This renews the specter of renewed bloodshed in Liberia and Sierra Leone where the term “blood diamonds” was born.
On a second front, the Libya peoples move to revolt against Gadhafi has driven oil prices to their highest levels in years to $106 per barrel. The haunting memories of global inflationary epochs past have cast a pall over a once rising stock market.
Uncontrolled piracy off of the coast of Somalia continues unabated even with increasing efforts of the world’s navies to coordinate and provide cover for oil tankers, cruise ships and yachting in international shipping lanes. Tourism is taking a hit.
As if this wasn’t enough, the French government has reported a concentrated cyber attack on 10,000 finance ministry computers. The attack bore the stamp of Chinese involvement. France is currently leading an effort of the G20 to revamp the world trade and financial system. The outcome is anticipated to straighten out some of the problems which put the world economies in jeopardy during the last economic crisis.
Source: http://personalfinancebulletin.com
In the Ivory Coast the continuing crisis gives credence to a renewal of civil war creeping back into the scarred and only recently recovering tribal areas of West Africa- Liberia and Sierra Leone. The losing Presidential candidate, Laurent Gbagbo, continues in his refusal to yield the Presidency to his rival and apparent victor, Alassane Ouattara. Ouattara is Muslim from the North and Gbagbo is from the coastal and Christian sections. Ouattara has waited for the International and African diplomatic forces to act against Gbagbo. Gbagbo in defiance has shown that he is ruthless. Arms dealers are now involved from Easter Europe. Gbagbo ordered his troops to fire into a group of unarmed women demonstrators two weeks ago. Today he has taken control of the cocoa to control all exports. This affects 40% of the cocoa supplies globally. Prices have risen and will now continue to climb.
Ouattara has reacted by renewing hostilities along the western border with Liberia. His forces have seized a disputed city. This renews the specter of renewed bloodshed in Liberia and Sierra Leone where the term “blood diamonds” was born.
On a second front, the Libya peoples move to revolt against Gadhafi has driven oil prices to their highest levels in years to $106 per barrel. The haunting memories of global inflationary epochs past have cast a pall over a once rising stock market.
Uncontrolled piracy off of the coast of Somalia continues unabated even with increasing efforts of the world’s navies to coordinate and provide cover for oil tankers, cruise ships and yachting in international shipping lanes. Tourism is taking a hit.
As if this wasn’t enough, the French government has reported a concentrated cyber attack on 10,000 finance ministry computers. The attack bore the stamp of Chinese involvement. France is currently leading an effort of the G20 to revamp the world trade and financial system. The outcome is anticipated to straighten out some of the problems which put the world economies in jeopardy during the last economic crisis.
Source: http://personalfinancebulletin.com
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