The past month and a half has seen the rising tide of civil war growing within Egypt, following the ouster of democratically elected Islamist Mohammed Morsi. In the days following the Egyptian military's takeover of the nation, U.S. officials carefully toed the line of calling it a coup. This classification would have meant the immediate cancelation of nearly $1.3 billion in annual military aid packages to the Middle Eastern nation. While such a move was expected following the clear, unlawful choice to depose the Egyptian presidency, President Barack Obama and his administration have so far declined to do so.
"America cannot determine the future of Egypt," Obama said in a statement on August 15, according to The Associated Press. "That's a task for the Egyptian people. We don't take sides with any particular party or political figure."
Included in the carefully worded presser was a reference to the unrest immediately preceding Morsi's ouster, when millions of Egyptians took to the streets and demanded his resignation. While such a move would have been welcome, considering the Muslim Brotherhood's demonstrated grasp for power consolidation, it's highly unlikely that the protestors were calling for the renewal of military dictatorship, which this week's violent crackdown and subsequent declaration of martial law portends.
Those who view the Egyptian crisis as a separate, enclosed situation should keep in mind the interconnectedness of the world economy. Unrest in the Middle East could easily cause problems for global markets, creating losses that could act as a catalyst for future problems. To learn more about these issues, as well as find out about effective countermeasures like cash flow real estate, explore what Great Wealth Strategies has to offer.