Back in 1991, as newspapers around the world heralded headlines that read “Communism Falls” and the “End of Communism,” Gus Hall, the then-head of the Communist Party USA, quoted Communist Manifesto co-author Friedrich Engels saying: “If current events are negative, focus on the long-range.” Hall passionately declared “Communism is not dead.”
Even as Christians in Iraq cancelled church services at Christmas for fear of further Islamic terrorism against their dwindling community, Muslims in Nigeria carried out a series of bombings targeting the Christians during this holy season.
Several weeks ago, Greece was on the point of collapse and the European Union needed to bail out the government. In November, Ireland, once the economic dynamo known as the “Celtic Tiger,” needed a bailout of its banking system. Earlier this month, it appeared as though Belgium might be the next domino in that economic house of cards which is the European Union. The Euro itself is viewed as facing grave, perhaps insurmountable, problems. Spain and Italy are in serious trouble. Now things seem to be coming to a head. Greece, as reported here by Brian Koenig, faces a downgrade of government bonds from the Ba1 rating by Moody’s Investor Service. The confidence level that investors have in the new Greek government appears very low.
The bear is still in the woods and it is waking up from its 20-year hibernation, as a "new" free-trade zone agreement sets itself to restore the Soviet Union. On December 16, 2010, Reuters reported on what could be described as the resurrection of the former Soviet Union, through the invitation of the Ukraine to join the post-Soviet free-trade zone, or Customs Union, between Russia, Belarus, and Kazakhstan.