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NATO recently literally shot itself in the foot, imperiling the resupply of International Assistance Forces (ISAF) in Afghanistan by shooting up two Pakistani border posts in a “hot pursuit’ raid.

While NATO members, led by France, piously proclaimed at the onset of their military offensive in Libya that their concerns were solely humanitarian, a covert tussle to gain a commanding lead in developing the country’s energy riches in light of Colonel Gaddafi’s departure is well underway.

There apparently is something about building pipelines that causes otherwise rational oilmen to indulge in reveries that would give an opium addict pause.

Substantial and unmistakable signs of profound change in the global strategic framework have become concrete in the past year. The stress in the structure has already developed into fissures. The transformation, in reality, has been underway since the end of the Cold War, and will continue and compound for at least another decade.

Economies of Frail

Posted by ockhamsrazor on December 11th, 2008

Because of the burgeoning global recession, the coming months and years will be very interesting and perilous times. For investors, safe havens such as U.S. Treasury debt, U.S. blue chip stocks and bonds and high-quality municipal debt may do better and for a longer period of time than underlying fundamentals would seem to dictate.

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