Some interesting follow-up observations from George Friedman of Stratfor Intelligence. In addition to pointing out the non-rational nature of the conflict, which is perfectly in line with EWI’s forecast (see yesterday’s entry) for the bear market, Friedman says that the latest wave of protests appears to be redefining the “geopolitical matrix of the U.S.-jihadist war. Or, to be more precise, it has set in motion something that appears to be redefining that matrix. We do not mean here simply a clash of civilizations. Rather, we mean that alignments within the Islamic world and within the West appear to be in flux in some very important ways.” In other words, the polarization between the West and the Islam is amping up.
|