Myanmar, India, and Russia, oh my! To all of those out there who were ecstatic to see 2020 come to and end and to usher in 2021 – be careful what you wish for. This weekend saw protests in Russia, and India, and a military coup take place in Myanmar. The Myanmar military has seized power, and declared a state of emergency that will last at least one year until new elections are held. This is a fluid situation and major countries and the United Nations are condemning the actions of the military. The cause for the coup was none other than allegations of election fraud in Myanmar’s November elections. Doesn’t this story sound familiar?
In India, farmers from across the country marched and drove their tractors to the capital of New Delhi. This is on the back of new legislation whereby farmers believe that their land will be devalued and they will no longer be able to receive higher guaranteed prices for their goods from the government market. Instead, they will have to trade in the open market and fear corporations will hurt them with respect to prices. Despite the recent growth in India, a significant portion of the population still relies on agriculture for their livelihood.
In Russia, for the second consecutive weekend, protesters took to the streets. Some 5,300 protesters were arrested nationwide. While most were released later that day, this shows the scope of these protests and their movement. Much of this stems from anti-corruption protester, Aleksei Navalny, who was poisoned last year and spent weeks in a German hospital. Navalny returned to Russia, despite the attempt on his life. Upon his arrival to Russia, Navalny was arrested and sentenced to 30 days. Protesters are calling for his release. Meanwhile, the Kremlin is calling for strict punishments, most likely to send a message to current and future protesters. At this juncture, strong-handedness may very well serve to increase tensions and prolong the protests.
The geopolitical climate is hot and most financial markets are not factoring in the slightest of wrong moves that could trigger several eruptions worldwide. In a global economy that remains on shaky ground, any political instability will simply add to the uncertainties, cause further supply disruptions, thus contributing to higher costs for goods and services, at a time when millions around the world are unemployed. This scenario in and of itself can likely lead to further political instability as costs rise, wages drop, jobs are lost, and people cannot find recourse in their countries and within their governments they will likely protest and seek change. 2020 was just the appetizer. Will 2021 be the main course, or just another appetizer for what is to come? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Protests #Revolution #Markets #Peace #Liberty #USA #Russia #India #Myanmar #Inflation #Gold #Silver #bananarepublic #EndTheFed #FireCongress #Debt #Recession #Depression #Jobs