Financial Markets Collapse on news of Obama Victory.

He's not even in office yet, but Obama has already turned a recession into a new Depression. The mere news of his victory has caused several foreign stock markets to collapse. The steady gains of the last few weeks have already crumbled, leaving the world in even worse shape at the earlier depths of the economic troubles. Perhaps it's Obama's extreme socialist views that have even left wing Europeans frightened by the prospect of his presidency. Perhaps it's his desire to withdraw from the Middle East unconditionally and immediately, a move that will destabilize the region and threaten the world oil supply.

Whatever the details, now that the dust is settling and the world is seeing a radical Muslim elected to the US Presidency, fear for America's future and the impact it will have on the world has left everyone scrambling.