Economics

Fed’s Fisher sees signs of excessive liquidity

Fed’s Fisher sees signs of excessive liquidity http://www.reuters.com/article/2011/03/25/us-fed-fisher-idUSTRE72O2UP20110325

And your fundamentally sound business STILL cannot get an operating loan to allow you to breathe just a bit easier? Or a capital loan, even though you have a backlog of demand? Banks continue to cry the blues.  And there is no material basis for all their whining.

Afghanistan: Opium Killing Fields


Increase opium production? Check.
Increase international heroin sales? Check.
Kill civilians to keep sharp? Check.
Carry out mission with impunity? Check.
Carry out mission without scrutiny? Check.

Some folks are begging for an ass-kicking.  Do not complain when it comes to a subway station or bus stop near you.

Be as quiet as you are – right now.

In U.S. poll, 60 percent back Libya military action

In U.S. poll, 60 percent back Libya military action http://www.reuters.com/article/2011/03/24/us-libya-usa-poll-idUSTRE72N1JN20110324

Americans have really taken to the whole “regime change” thing,  How do you spent all day, every day watching Charlie Sheen, Oprah Winfrey, and other mindless nonsense, then spin around and weigh in on who is fit or unfit to rule another nation? 

Americans are relying on British nannies (on television) and Caribbean nannies (in reality) to rule their HOMES, but remain possessed of the brass, chutzpah, stones y cahones to talk smack about names and places they can neither spell nor pronounce.

Is that an unfair generalization?  Perhaps, but it is no prejudicial than the self-righteous characterizations of “those” people in “those” countries.  Americans are not served by their inability to have powerfully informed conversations about foreign affairs.

Instead, Americans continue to write blank checks for their own voracious war machine.

Libya: Minister Farrakhan’s Caution to Obama

Excerpted from The Final Call:

Libyan Oil Fields

When the western media began reporting on Libya, Feb. 15, it seemed as if it was a foregone conclusion that Col. Muammar Gadhafi would be ousted in the country he has led for over 42 years. Now, nearly a month later, he remains in power.

On Mar. 12, the Arab League agreed on asking the United Nations to impose a no-fly zone over Libya, days earlier, the African Union voted against it.

Al-Arabiya reported March 14 U.S. Secretary of State Hillary Clinton arrived in Paris to sit down with Foreign Ministers from Russian, Britain, Canada, France, Germany, Italy and Japan. A no-fly zone plan is reportedly being presented to NATO on Mar. 15, according to Secy. Clinton.

It is no secret that the Nation of Islam and Minister Farrakhan have enjoyed a mutually beneficial relationship with the Libyan leader for decades. The United States has long opposed Col. Gadhafi and attempted to force him out of office even bombing his country during the Reagan administration, Min. Farrakhan noted.

The Minister blasted President Obama and Secy. Clinton for their arrogance in meddling in another sovereign nation’s affairs and publicly recommending regime change.

Min. Farrakhan instructed Americans to look beneath the surface to see who stands to benefit from the unrest, and warned Pres. Obama to be careful of the words coming from advisors lobbying him to move in with military forces to depose Col. Gadhafi.

“Well, today our dear brother (Obama) has to be very, very careful in this decision that he and his Secretary of State, and [French President Nicolas] Sarkozy and [British] Prime Minister [David] Cameron and others are planning. They would love to go into Libya and kill Brother Gadhafi, and kill his children as they did with Saddam Hussein and his sons, Qusay and Uday. You must remember, dear people of America, that whenever government wants you to think and act in a certain way that would bring justification to an action that they are already planning to make, they must make the person that they hate a ‘boogey man,’ ” he said. Col. Gadhafi, who led a bloodless coup against a U.S. ally over 40 years ago, has seen constant negative publicity and was once called the “Mad Dog of the Middle East” by American leaders and analysts.

People unhappy with government are not solely in Libya, he pointed out. Many are unhappy with Mr. Obama, he said.

The U.S. government has a long history of deposing leaders of other nations in order to get natural resources, more specifically—oil, he continued, saying the imperialistic forces are not interested in saving those being killed, it is just a “noble motive to hide your (the U.S. government’s) wicked agenda!”

“When George W. Bush was president, he said they wanted regime change in Iran, in (North) Korea regime change—how do you get regime change America? How do you do that? Congress, the Congress of the United States, voted to spend $150 million to replace the government in Iran that America doesn’t like, so they send their agents in to work among the dissatisfied. So when they had this election, and the people in Iran rose up, they have legitimate grievances, all right—but stimulated from the outside,” Minister Farrakhan continued. “Well, what about Libya? How much money is being spent to arm the so-called rebels? They’re dissatisfied! Well, what is their dissatisfaction about? Do they (Libyans) have jobs? Yes. Do they have food? Yes. Has Gadhafi used the oil money to build Libya? Yes. Did Gadhafi use oil money and discover water under the Sahara Desert, and brought that water to the surface; and brought water from Benghazi all the way to the border almost of Tunisia? Did he impose farming in the desert so that they could feed their own people? Yes. Are there billions of dollars that he’s spending building homes, building apartments for his people? Yes. So something is under this!” said Min. Farrakhan.

“Is it that you’re (U.S. officials) so concerned over the blood that is being shed in Libya, when you looked the other way when the Israeli Defense Force was bombing the innocent people of Gaza, unarmed men, women and children? … You looked the other way when the Israeli Defense Force went into Lebanon thinking that they were going to have an easy victory, then you had to come out with your tail between your legs?”

Min. Farrakhan said Col. Gadhafi has been investing money in Africa, enjoys international friendship, and should not be killed simply because he is not America’s friend.

“Now, I want to warn you, in the Name of Allah, that this is more complex than what you think! Go into Libya if you want to. The Libyans do not want foreign occupation on their land. And when you make that kind of move, if you’re not careful, you’ll unite the Libyan people against you!”

Inside America members of the Branch Davidian religious sect were killed in 1993 in Waco, Texas, by federal law enforcement, while men, women and children of the MOVE organization were killed when police bombed their home during a 1985 standoff in Philadelphia, he said. Current American outrage is nothing but hypocrisy, the Minister said.

To President Obama, Minister Farrakhan delivered a pointed warning: “Don’t let these wicked demons move you in a direction that will absolutely ruin your future with your people in Africa and throughout the world. They don’t like the way you handled (former Egyptian President Hosni) Mubarak! They don’t like the way you’re handling the situation in the Arab world! So I would advise you to be careful—and move with wisdom and skill.

And then, Min. Farrakhan offered Pres. Obama some divine advice.

“Why don’t you organize a group of respected Americans, and ask for a meeting with Gadhafi? You can’t order him to step down, and get out—who the hell do you think you are, that you can talk to a man that built a country over 42 years, and ask him step down and get out? Can anybody ask you? Well, well there’s a lot, now, [that are] going to ask you to step out of the White House, because they don’t want a Black face in the White House,” said Min. Farrakhan.

“Be careful, brother, how you handle this situation because it is coming to America! It has already started. Look in Wisconsin! Look in Ohio! Look at what’s going on in your country! And remember your words because the American people are rising against their own government: It’s not Muslims; it’s not Black people! It’s White militias that are angry with their government, and they are well armed. Are you going to tell them—‘Put your arms down, and let’s talk it over peacefully?’ I hope so. But if not, America will be bathed in blood, not because Farrakhan said so, but because the dissatisfaction in America has reached the boiling point. Be careful how you manipulate the dissatisfaction in Libya and other parts of the Muslim world,” he warned.

Here are some other maps that illuminate the intentions of the United States and Western nations like France, the U.K., Belgium and the firms whose interests they serve.

Map 2

Map 3

Political Subdivision Map of Africa

The people who hired Barack Obama to administer the executive apparatus of the United States government have obvious intentions in Africa and in energy-rich nations.  Some may mistaken his hesitancy to establish a no-fly zone as an act of empathy with the current regime.  Far from it.

The United States’ stalling tactics compelled other European nations to step forward, again, in their economic interests.  The US, then, has the “moral luxury” of following rather than explicitly leading.  In the end, the French, the British and the Belgians cannot hope to forestall the advances of the US.

That work will fall to the Libyan people — and it is unclear whether or not that work will continue as it has with Col. Muammar Gadafi at the helm.

Reuters Analysis: Into the unknown with military action on Libya

Analysis: Into the unknown with military action on Libya http://www.reuters.com/article/2011/03/18/us-libya-unknown-idUSTRE72H2VQ20110318

The West is already talking about partitioning Libya.  Let me guess who gets the oil-rich East.  Any chance of a North-South split?

Britain in Egypt: Last Out, First In (Again)

From the New York Times:

CAIRO — The military and civilian leadership controlling Egypt in the wake of a popular revolution took several high-profile steps on Monday to reassure Egyptians that it shared their fervor for change and to signal to foreign leaders that the move to full civilian rule would be rapid.

The prime minister of Britain, David Cameron, held talks here with the leaders, becoming the highest-ranking foreign leader to visit Egypt since the long-time president, Hosni Mubarak, was ousted after 18 days of widespread protests.

At the same time, the country’s top prosecutor, Abdel Meguid Mahmoud, said he would request that the Foreign Ministry ask governments to freeze any assets of Mr. Mubarak, his family and a handful of top associates. The A.P., citing unnamed security officials, said that Mr. Mubarak’s local assets had been frozen as soon as his government fell.

The prosecutor’s announcement came after the Swiss government, acting on its own, froze tens of millions of dollars belonging to Mr. Mubarak, his family or top associates last week. The fact that the caretaker Egyptian government had not requested the move prompted opposition members to express fears that it was shielding Mr. Mubarak, a former Air Force chief, and his relatives.

The New York Times left out the fact that Cameron’s visit was unannounced.

British PM David Cameron and Egyptian Leader Muhammad Tantawi

From Bloomberg News:

U.K. Prime Minister David Cameron urged Egypt’s military rulers to bring opposition leaders into the government and end a state of emergency to demonstrate their desire to move toward democracy after the ousting of President Hosni Mubarak.

“We want them to complete this transition,” Cameron told reporters in Cairo after talks with the military and opposition figures. “It’s quite right, as a friend of Egypt, to ask lots of questions about how, when and where. That’s what I did. If Egypt can make this transition, it will have a huge positive and useful impact elsewhere.”

The premier arrived in Cairo this afternoon on an unannounced visit amid escalating tension in the Middle East, with security forces attacking anti-government protesters in Egypt’s neighbor, Libya, and Iran planning to send warships through Egypt’s Suez Canal. Oil rose to a two-year high and gold climbed above $1,400 an ounce.

The British commitment to empire is unwavering.  Whether the rule is direct or by proxy (the United States), the British willingness to inject themselves into ostensibly sovereign situations is unmatched.  An unannounced visit to Egypt at this time says as loudly as 1,000 gunships that the British and the West will be watching closely.