Two weeks ago, Ukraine's government finally grasped reality and ordered its troops out of Crimea. But by the time of the evacuation order, Russia's military had already started booting Ukrainian troops from their bases or getting them to switch sides.
80 or so Ukranian soldiers were captured and held by Russian forces before being released.
Axel Merk believes the worst thing that can happen is for current Fed policies to succeed. If this happens, it will bolster politicians and policy makers and ultimately lead to a larger crash.
Axel Merk of MerkFunds.com sees instability because of too much debt. On the possibility of war in Ukraine, Merk says, "I think this particular incident is going to fizzle out. Putin shows you how it is done... and the sanctions are not going to happen.