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Still don't know the winner yet, but Libya seems to be in the lead (not only in the poll, but also on the ground)
Wait a second here... the countries that are revolting are suddenly 'winners'??? I mean, in all these recent middle east revolutions, what has truly come of them???
Well, Egypt is now under martial law... Tunisia had like 3 new leaders within a 48 hour period... and we seem to agree that this WILL spread throughout the entirety of the middle east?
Now, let's look at the implications of this :
- Turmoil in the middle east puts the oil supplies at risk, more risk is going to push oil prices higher...
- Once oil prices go up then you're going to add inflation, since oil price affects the price of EVERYTHING... ON TOP of 'quantitative easing' or whatever name is given to currency inflation IN a DEPRESSED economy.
- So, this will AT THE LEAST put a halt on any end to the "recession"
I think the BETTER question is : How many of these countries will see revolutions BEFORE the results of this instability CAUSES the same type of revolt in America??
I'm not going to try and defend any of these middle eastern regimes because they are all run by tyrants in the first place, but I will say that it's definitely unwise to in any way 'cheer' this on.
The democratic movements in north africa and the middle east ARE legitimate movements, but they have YET to bring about anything approaching a 'democratic republic'. Time will tell if I'm wrong, but so far, behind the scenes of these protests, there's been evidence of there being military coups. I mean, Mubarak defiantly got up and said he was not going to step down, and 24 hours later he signed away his power.