*** 11-Dec-14 World View -- UN says nations should make saving migrants' lives the highest priority
This morning's key headlines from
GenerationalDynamics.com
- No World View column yesterday
- Russia deploys nuclear capable missiles into occupied Crimea
- UN says nations should make saving migrants' lives the highest priority
- Wall Street sell-off deepens as oil prices plummet
****
**** No World View column yesterday
****
Due to circumstances beyond my control, there was no World View column
yesterday. My apologies to anyone who was inconvenienced.
****
**** Russia deploys nuclear capable missiles into occupied Crimea
****
Iskander mobile missile system (Russia Today)
Russia is deploying nuclear capable Iskander missiles in Ukraine's
Crimea peninsula, which is occupied by Russia in violation of
international law, unapproved by the UN Security Council. Iskander
systems could be fitted with up to ten different types of warhead,
including tactical nuclear warheads, which can be transported to
Crimea in a matter of hours.
This is part of a project to build up Russia's existing military
infrastructure in occupied Crimea, particularly associated with the
basing of its Black Sea Fleet, to extend its level of control in the
Black Sea region more broadly. Nato commander General Philip
Breedlove has expressed his concern about what he described as
Russia’s "militarization of Crimea," which received widespread
publicity in Moscow. He also noted the increasing numbers of weapons
in Crimea and cruise missiles, which could affect the regional
military balance.
Last year, Moscow confirmed the deployment of Iskander missiles in
Kaliningrad, on the border with Nato and the Baltic states. Combined
with a deployment of the system to occupied Crimea, NATO’s eastern
flank is heavily exposed to the capabilities of the Iskander.
Jamestown and
Russia Today (16-Dec-2013)
****
**** UN says nations should make saving migrants' lives the highest priority
****
UN human rights chief Antonio Guterres is calling many countries
"mean-spirited" for making keeping migrants out a higher priority than
saving migrants' lives. According to Guterres:
<QUOTE>"This is a mistake, and precisely the wrong reaction
for an era in which record numbers of people are fleeing wars.
Security and immigration management are concerns for any country,
but policies must be designed in a way that human lives do not end
up becoming collateral damage."<END QUOTE>
According to the UN, there have been at least a record-breaking
348,000 "boat people" so far this year, migrants who risked traveling
over water to go to another country:
- Europe, surrounded by the Libya, Ukraine and Syria/Iraq
conflicts, had 207,000 sea arrivals, up from the last high of 70,000
in 2011. Half of the arrivals were from Syria and Eritrea. - In the Horn of Africa region 82,680 people crossed the Gulf of
Aden and Red Sea mainly from Ethiopia and Somalia to Yemen and Saudi
Arabia. - In Southeast Asia, 54,000 people have crossed from Bangladesh or
Myanmar, Thailand, Malaysia or Indonesia. - In the Caribbean, at least 4,775 people crossed in search of
asylum.
Related to the increasing flood of refugees are the unprecedented
numbers of countries in crisis. For the first time, the UN has
declared five "Level 3" humanitarian crises: West Africa (Ebola),
Iraq, South Sudan, Syria, and the Central African Republic. Many
crises are centered in the Palestine region, with a population that
grew from 600,000 a century ago to 12 million today -- the most rapid
population growth in the world.
From the point of view of Generational Dynamics, there are many
simultaneous trends -- population growth, increased food prices,
increased nationalism, increased recklessness, increased fragility of
the global economy -- that are leading to a new world war in the
current generational crisis era. And to emphasize the point, the BBC
is reporting that 5,000 people worldwide have been killed by jihadist
attacks in November alone.
Euro News and
UN High Commissioner for Refugees and
AFP
****
**** Wall Street sell-off deepens as oil prices plummet
****
As I wrote a couple of days ago, the Bank of International Settlements
is confirming the view that the wild swings in the stock market are
similar to those that occurred just before the 1929 crash, and are
extremely dangerous today. (
"8-Dec-14 World View -- Bank of International Settlements warns of 'fragile' and 'sensitive' markets"
)
Analysts are blaming the three-day sell-off in Wall Street stocks,
capped on Wednesday with a fall of 268 points in the Dow Jones
Industrial Average, on a dramatic plunge in the price of oil. West
Texas Intermediate oil fell to $59 dollars a barrel on Wednesday,
before closing at $61.21, and OPEC predicted reduced oil demand next
year, suggesting that oil prices will go a lot lower. It's thought
that the plunge in oil prices is a proxy for slowing economies in
Europe and Asia.
According to one analyst I heard on Wednesday, this is a "global
margin call." 15 of the 20 largest sovereign wealth funds get their
money from oil, and now they're being forced to sell their assets as
their oil-linked investments plummet in value. As with any
broad-based margin call, this is causing a chain reaction that's
affecting markets around the world.
The S&P 500 Price/Earnings ratio (stock valuation index) is above 19,
which is astronomically than the historic average of 14. This
indicates that the stock market is in a huge bubble which, like all
bubbles, has to implode at some point. From the point of view of
Generational Dynamics, this could happen at any time. It remains to
be seen whether the current round of volatility settles down.
CNBC and
Fortune
KEYS: Generational Dynamics, Russia, Ukraine, Crimea, Iskander,
Black Sea, Nato, Philip Breedlove,
UN High Commissioner for Refugees, Antonio Guterres,
West Africa, Iraq, South Sudan, Syria, Central African Republic,
OPEC, oil prices
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