Yemen Revolution Underway

By James McKee

Now that Yemen’s revolution is more or less underway it is important to consider the widespread implications of this country’s decision. The country of Yemen is a known haven to some terrorist organizations and as a result many Western countries warn that Yemen could become a bastion of hate. Such concerns have already been aired by the United States who has already attempted to facilitate peaceful talks between Yemen’s rebels and the politicians in place. While much of Yemen’s rebels want a complete ouster of all politicians others are willing to work with some elements of the current government. Much like the Libyan coup the one in Yemen involves a family that rules the entire government. Yemen’s current leader has a son and nephews in control of much of Yemen’s military.

The effect of Yemen’s revolution on the USD on the online forex exchange will not be positive, indeed an unstable country on the border of Saudi Arabia could spell out serious trouble. Saudi Arabia is the world’s number one oil producer and supplier if that oil supply is interrupted then the world’s economy is in serious trouble. The continued violence in Yemen has resulted in numerous deaths and exponential property damage since it began nearly a month ago. There are no signs of direct intervention on behalf of the US or Saudi Arabia; however, it is only a matter of time before this becomes necessary. If the wrong people are allowed to gain power in Yemen there will be a large degree of trouble for the oil supply, and for the world’s economy.

As of late there has been no sign of the revolution in Yemen slowing any time soon, with the evacuation of Yemen’s president for so-called medical reasons there is concern he will return. If the leader of Yemen does come back to the country there is certain to be a good deal of resistance to his attempts to reassert power. The all-out violent revolution many have foreseen for the country of Yemen will not occur if there is comprehensive negotiation. The chances of this negotiation occurring with any element leftover from the former leader’s regime is highly unlikely. There must be a period of relative calm where the nation of Yemen is concerned if there is to be any peace in the nation. What occurs in Yemen may set the precedent for even more revolutions to occur in the Arab world.

About the Author

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the online forex trading regularly.