A Look at the World {Report}

{by Stevens M. Sadler}

Global hot-spots….

In New York last week, the head of the Palestinian Authority, Mahmoud Abbas, formally petitioned the United Nations for recognition of Palestine as a sovereign nation.  Abbas has refused to negotiate with Israel and the rumblings from Iran, Syria, Egypt and others are not particularly encouraging….

Islam on the march?

There are a number of incidents in Western Europe as well as the United States where Islamic influences are being allowed to take root and even flourishing…. including a growing acceptance of Sharia law…..

Economic catastrophe right around the corner?

While the United States continues to rack up unprecedented and enormous deficits (annual spending exceeds tax income by more than $1,500,000,000,000) and Congress fails to enact any meaningful changes, which means the total cumulative debt skyrockets north of $14,000,000,000….

At the same time, Europe is approaching a cataclysm with Greece, Spain, Ireland and Portugal on the edge of a financial abyss.  The entire continent is dependent upon the financial strength of Germany as France grows increasingly weak and economies are faltering.  All the while, citizens are beginning to revolt against the politicians…..

And now Japan’s economy is shrinking…

And China expressly says “don’t look to us as a savior" ... 

Meanwhile, the CEO of Coca Cola indicates it is easier to do business in China than in the United States… 

And then what, social unrest?

The citizens of nations all over the globe are suddenly, or so it seems, taking to the streets… Sudan, Libya Egypt, Yemen and Syria are in chaos…. 

While riots and protests tear through the streets of London, Athens, and Spain as governments attempt to trim spending and raise taxes in so called ‘austerity’ measures…. 

These are interesting times!