Marc Fabers writes in the May issue of "The Gloom, Boom & Doom Report" about the current uprisings in the Middle East. The fact, that Russia has been negotiating with Libya since 2008 to build a naval base at its shores must have slipped mainstream media in the western hemisphere. The nuclear powered heavy missile cruiser "Pyotr Velikhiy" below visited Libya in 2008.
In the mean time the violent suppression of the uprising in the Kingdom of Bahrain, which is the headquarters of the U.S. Navy's Fifth Fleet, received little response by western governments. The Situation in Syria is also complex since Russia has already a naval base in Syria, and would certainly not tolerate a direct attack by any western country.
A big Russian military base is not in the interest of any European nation which explains the eagerness to attack Qaddafi's regime. Hence, the grab for oil resources by China, Russia, USA and Europe seems to be in a high gear. As a consequence we can expect an increasing wave of refugees and increasing US debt due to elevated military spending.
Marc Faber concludes that US Treasury bonds will go down in the long term but reckons that they could rally in the short term. He expects more money printing after QE2 which should be positive for equities. He especially likes oil and gold mining stocks.
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