James McKee

Arab Officials Plead For Intervention By the UN



Posted: Sunday, March 13, 2011

by James McKee
http://www.forex.tradingcharts.com

As tensions heat up in Libya Arab nations are pleading with the United States and other Western nations for military intervention to prevent the Libyan regime from bombing rebels.  Currently this is causing massive controversy because Libyan air strikes are causing civilian casualties that are mounting and as a result the Libyan government is falling out of favor with the world community at large.  The situation does not look to be improving any and it is likely that civilian casualties will only grow over time since the rebels have expressed no interest in acquiescing to the government.

This has a number of implications for Western nations because no one (least of all the United States) is in a position to wage another war or even be involved to the point of taking sides in a civil conflict.  The United States is already in enough conflicts as it is and cannot afford to enter into any more.  Countries in the EU are also in a bad way and are unable to take part in any activities in Libya due to an almost total lack of backing capital.  Countries in the EU are often so bad off that they experience demonstrations and riots in response to a series of austerity measures that have proved very unpopular.

The USD and US economy in general will experience serious problems if the country enters another armed conflict.  The United States military is already stretched to capacity and any more stress could result in drastic measures to cover an already immense battlefield.  While it is not overly likely that a draft would be instituted it is certainly possible and such an event would spark protests throughout the United States, halting many areas of production.  The major currencies being traded on the forex currency exchange are all seeing a good deal of turbulence between the Japanese earthquake and the Middle Eastern conflict.  It is scalping season!
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 forex exchange rates regularly.
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