Germany pulled out of the military operation. Italy accused France of wanting to get the oil contracts with a new Libyan government, Turkey wants everybody to back off, and oh yeah Yemen is falling apart.
British said targeting Gadhafi is OK then backed off along with everybody else.
About half of Yemen’s military just went over to the rebel side, but the elite US trained units that were going after Al Queda in Yemen may now have to fight the rest of the military to protect the dictator who has been helping the west fight the war on terror. How far can Saudi Arabia let Yemen and Bahrain spiral out of control?
Even Syria is having big time protests. The news out of Egypt is getting worse, looks like the young rebels are slowly being replaced in the government with older radical religious leaders.
The one policy area I think many pundits and policy makers are neglecting, where do these dictators go if they want to leave their countries? Gadhafi is a perfect example. Obama told him he had to leave, but to where? Oh, and you cannot take any money with you either. It leaves them no option but to fight to the death. If we want them to relinquish power we have to give them viable options, or we have to target them for elimination. and most of them do not want to be eliminated, so they fight on.
I still think the west missed the boat by not actively helping the green revolution in Iran. Seems to me we want revolution in every middle east country, except the biggest nut jobs in the area. Iranian leaders must just be licking their chops at what is going on.
A market side note, both Gadhafi and the Iranian leadership have been buying gold for years. This gives them the ability to finance activities even if other countries put currency controls on them. And yes they bought much of their gold at lower prices then what it is now. Gold cannot be tracked and somebody somewhere will always buy it for a profit. Looks like they were thinking ahead.
So what effect does this have on American agriculture? Higher input prices caused by higher energy costs. A possible world wide war that could disrupt modern markets in many ways. More military spending which makes a farm bill that much harder to pay for. Wars tend to cause inflation, which will raise interest rates.
I just hope that the US which is still in Iraq, bigger than ever in Afghanistan, does not try to “fight ’em all” at once. Yes, we have the best military in the world, but how much can we do and still look after North Korea, etc.? I worry about wearing out our military.