āŖ A few weeks ago the Biden administrationĀ trumpetedĀ the killing of a not particularly significant terrorist leader in Syria. This was obviously intended to convey the message that Joe takes threats to the homeland seriously.
All political administrations will attempt to put a certain amount of spin on reality. They always try to paint things in the most positive light possible. The Biden Administration has taken this to an entirely new level. It has dispensed with reality entirely.Ā It has created a completely fictional universe.
Meanwhile, in Central Asia,Ā a new terroristĀ super stateĀ that dwarfs anything previously seenĀ is being completely ignored. Afghanistan is not just under the control of the Taliban. It is now a terror behemoth armed to the teeth with the latest in American weaponry.
The Afghan Taliban that now rules in Kabul have made a formal alliance with the Pakistani Taliban ā their brothers in arms.Ā Open war has been declared on Pakistan. The Pakistani Taliban have made clear their intention to overthrow the government in Islamabad and create and substitute ā an Islamic state.
Pakistani security services are fighting an intensifying insurgency and the casualties are mounting. Increasingly, the insurgents are found to be armed with American weapons and even utilizing American manufactured vehicles.
However, the entire struggle is taking an increasingly dangerous direction because the economic stability of the nation-state of Pakistan is seriously threatened.
Pakistan is heavily dependent on both Russian and Ukrainian wheat. Both of those supplies have now been interrupted. Serious hunger is now a genuine threat.
The rise in oil prices has also hit Pakistan hard. Between 2020 and 2021 the cost of oil imports to Pakistan rose by 85%. As of the end of June 2022, Pakistanās trade deficit stood at $50 billion. That was an over 50% increase over the year before. The government in Islamabad was forced to issue an order forbidding the import of over 800 luxury items to keep the deficit from going even higher.
Inflation in June rose to 20%.Ā The International Monetary Fund (IMF) has cut off subsidies to Pakistan. The prices of both oil and gas have skyrocketed.
The value of the Pakistani rupee has collapsed. Pakistanās foreign exchange reserves have been cut in half.
The World Bank is warning that Pakistan could soon face āmacroeconomic instability.ā SocietalĀ collapseĀ would soon follow such an event. Pakistan has limped along for decades with an anemicĀ economy, widespread corruption, and domestic instability. It does not have the reserves ā financial or otherwiseĀ ā to withstand significant economic stressors.
Oil refineries are on the verge of closing down because of a lack of oil imports. nationwide power outages of 10-12 hours are now routine. Put simply, Pakistan has run out of money. The chairman of the Pakastani Federal Board of Revenue has described the nation as ābankrupt.ā
The world has just seen Sri Lanka collapse under the weight of the economic forces sweeping the globe. There is nothing unique about that event. What happened in that island nation will soon occur all around the world as economies implode under the pressure of rampant inflation and collapsing supplies of critical materials like food and fuel.
In Pakistan, an economic collapse will cripple the ability of the military to continue to combat the Taliban. It will also turn loose all the fury of the ethnic, religious, and tribal hatreds the nation has combatted since independence. Major cities like Karachi and Lahore will explode into violence. Areas along the Afghan border will rapidly cease ā in any meaningful fashion ā to be under the control of Islamabad. āŖ
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