James McKee

More Support Sought In Libya



Posted: Tuesday, April 26, 2011

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

Libyan rebels seem to have found the bottom of the well where US and UN intervention are concerned.  With the financial crunch weighing very heavy on the United States and various European nations it seems that Libyan rebels may be on their own.  Libyan rebels have issued a request for aid from any nation that will help them, and their calls to action include the death of children as a result of Gaddafi’s attacks.  To date the nation of Libya has been in an outright civil war for over a month now, and there is no end in sight.  Rebels do not fear dying and President Gaddafi is not afraid of the condemnation of the global community.

The United States has declared that they will not be entering Libya, and many believe this has given Gaddafi the resolve to continue his campaign against Libyan rebels.  The losses on both sides have been significant; however, Gaddafi’s forces have been reported to be firing indiscriminately into civilian areas held by rebels.  Such tactics have resulted in the ire of the international community; however, China has taken a stand of indifference and has chided the US and other countries for becoming involved.

Since they are already been involved in 2 foreign wars the United States would do well to stay out of this conflict; the other nations of the world must take over the reigns of justice.  The events in Libya and elsewhere in the world must be sanctioned against by other nations.  The United States cannot police the world alone, and the rest of the world must step in now that the United States is in peril.  Silver has reached a decade high $45.00 USD, and that spells trouble for the USD on the online forex exchange.  The United States dollar is not likely to be the world’s reserve currency much longer.

The 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 stay up to date with the latest forex quotes.
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