"This Is Going To Get Very Ugly" - Former Top CIA Officer Says "Obama Has Lost Control Of The Middle East" Ugly is the understatement of the decade! More below! "With Thursday's tragic mass killing by a resclusive, truck-driving Tunisian maniac in Nice having been violently drowned out by the frentic late Friday news of a failed (and perhaps staged) coup in Turkey, the news cycle has once again shifted its attention away from a far greater threat to the global economy than whether Erdogan can concentrate even more power in his grasp. Namely, both lone-wolf and organized terrorism in Europe (and elsewhere). And according to at least one CIA field commander, Gary Bernstein, it is all Obama's fault."
Oh, he had help, lots, and lots of help, from Hillary, and others. This was a concerted effort, and the results should be shocking, but after nearly eight years of incompetent leadership, it is no longer even surprising. It is not just the Middle East which is lost, North Africa is mostly lost, or in total chaos, and the Libyan fiasco has caused damage in much of Central Africa. Here Islamist armed with Libyan weapons are causing tremendous damage. The Near East is in turmoil, and there is no evidence that Pakistan will be settling down soon. The Southern European countries are in shockingly bad shape, with most in what can only be described as depression. And even France is quickly sliding into what appears to be at least a serious recession, or worse. Russia is weak, Putin's power is in jeopardy and this makes Russia very unstable. Putin is holding on for now because the Russian people love the strong man, and the combination of demographic decline, and recession/depression have not reached catastrophic levels, while Putin is showing his power in Syria, Ukraine, and in his Balkans bluffs. Unfortunately, war focuses an frustrated, and angry people like nothing else. I am concerned that if Putins precarious position continues to erode, he may resort to war to unify the nation, and focus attention on an enemy, and away from Putin's incompetent administration of the Russian Kleptocracy. China is beginning to feel the pressures of state socialism, and its failure to create a real economy. China now must be reformed, but this will likely require a recession, millions of layoffs, and nearly complete economic restructuring. Xi Flinches on Economic Reforms "The world economy is slow and many of China’s most important industries struggle with massive excess capacity built up over years of a systemic distortion: in the rush for industrial growth, the credit sector was used to promote the construction of new factories without enough regard for whether the factories were actually economically viable. Now China is stuck. Reforming the economy and the credit system, necessary for long term health, means cutting loose thousands of factories and millions of workers. That’s hard to do; China’s zombie economy of state-supported and often state-owned worthless factories (and the firms who service them and the local governments who have gone into debt to help them flourish and grow) is politically powerful." This barely scratches the surface of the problem. China has at least 40 million, and probably as many as 60 million excess housing units. This is shocking, since the US has only about 115 million total housing units, and most Chinese live in the country, which most of the excess housing units are in cities. It has debt problems, and its culture is splintered among myriad peoples who do not get along. Here are some of my prior articles on China and its problems, enjoy! China has a frightening amount of debt, and it is building little of intrinsic value . . . Over at Via Media, Mead reports that China is suffering from a growing problem of capital flight The China Ponzi: An Explanation of the Debt Trap What will the Chinese collapse look like? Like Russia war would be a way to focus the Chinese people away from the CPC's failed economic policies and onto an enemy. The problems in the South China Sea would seem to fit the bill here nicely. And with Japan planning to reform its pacifist Constitution, China might have a willing partner in war. Japan needs something to revitalize its people, they have apparently laid down to die. War is one way to revitalize a people. The incredible shrinking country There will be no immigration to Japan. The only hope at present is either a war revitalizing the peoples patriotism, and desire to populate the country, or building robots to take the place of actual Japanese. How weird are these people?! Of the remaining BRICS, Brazil, South Africa, and India only India has a real chance of escaping the current world economic decline in positive shape. To summarize, under President Obama, and Hillary Clinton's tutelage, the world has entered a serious negative economic phase, with parts like Brazil, Russia, North, and Central Africa, the Middle East, and the Near East (likely China as well) involved in a serious socio-political collapse. None of this is necessary, it is caused by failed political leadership in these nations, and failed political leadership in the US the country the world looks to for direction. Oh goody! No doubt this might sort itself out, but I would feel much more comfortable with a competent hand on the tiller. Hillary's hand was one of the incompetent hand which got us here. It seems a bit much to believe she will bring all this chaos into control. If she could have done that, she would have during the time she was Secretary of State and the World was spinning out of control. I always wondered what it would be like to ride a 105,000 lb semi without brakes down a mountain pass. I guess this is my chance. Luckily there is no runaway truck ramp, so it looks like I will get the full experience. I just wish the trailers were not filled with gasoline, and nitro! Hi Ho Silver!
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