I have to laugh when I see nepotistic regimes attempt to hold power and justify their totalitarian rule. The country of Libya is the latest in a vast series of uprisings throughout the region. Although Libya's government has completely cut off communication in and out of the country, reports of police firing into crowds and killing hundreds continue. The Yul Brynner look alike above, Moammar Gadhafi's son, got on Libya's state-run media threatening civil war against those opposing the governing authority. Moreover, hes threatened to "burn Libya's oil wealth," but all this comes too late for this nepotistic regime.
Latest reports out of Libya confirm that the regime is losing complete control of the country. Central government buildings are on fire, the military is turning on the Gadhafi and the people continue to press forward even after heavy casualties. So all this finger waving by this bureaucratic, bald-headed brat is just prolonging the inevitable. The 42 year reign of Moammar Gadhafi is just about to become a bad footnote in the book of history.
As this relates to business, crude oil has spiked in the Asian and European markets and its sure to gain in the American markets tomorrow morning. Just as I predicted on True Capitalist Radio several weeks ago, the chaos in Egypt would spread throughout the region and oil prices would be affected. If you listened to the insight given on the show, this may be your time to generously profit.