Libya’s gold reserves, ranked No. 23 in the world, ahead of Saudi Arabia, as of December 2009 (see table above), are worth around $6.5 billion at current prices, enough to finance Gadhafi’s defense against opposition and international forces for quite a while, to say the least.
Archive for Category: "Foreign Policy"
Befuddled Barack – confusion reigns in Libya attack
Barack Obama’s White House hasn’t definitively addressed that essential issue about an operation that has cost the United States well more than $100 million.
Brit Hume on lacking Libya leadership
Brit Hume discusses the US role in attacking Libya. “Failure it seems in this case is an option.”
UN intervention into Libya an ominous precedent for Israel
Particularly concerning is the prospect that what we might call the Gaddafi Precedent will be used in the not-to-distant future to justify and threaten the use of U.S. military forces against an American ally: Israel.
President Obama’s Cognitive Dissonance on Trade with Latin America
One contradiction is that the president says nice things about trade agreements in the abstract, but he has so far refused to show leadership when it really matters.
What, me worry? Obama goes sightseeing after announcing 3rd war
As U.S. and British air strikes and cruise missiles pounded Muammar Gaddafi’s Tripoli palace, President Barack Obama was on a sightseeing tour of Rio de Janeiro’s iconic Christ the Redeemer hilltop statue. – UK Daily Mail
With no debate and no objective, Obama enters a war
At once presumptuous and flippant, President Obama used a Saturday audio recording from Brazil to inform Americans he had authorized a third war — a war in which America’s role is unclear and the stated objectives are muddled.
Obama’s War in Libya is Illegal and Unconstitutional
February 25 executive order declaring Libya “an unusual and extraordinary threat to the national security and foreign policy of the United States,” which is ludicrous on its face. Obama then declared “a national emergency to deal with that threat.”
Libya declares immediate cease-fire after U.N. resolution
Libyan foreign minister Moussa Koussa tells reporters that Libya will impose an immediate ceasefire and will abide by the U.N. Security Council resolution. He says Libya is stopping all military operations against rebel forces. – USA Today