There are reports that the Pentagon is begging to deploy air and naval units near Libya. The reason for this movement is to give America options in the Libya crisis. There is discussion of establishing a no fly zone. There are also fears of a collapse in authority could lead to a Somalia like situation on the Mediterranean.
The U.S. military is repositioning its forces near North Africa as the United States and its allies impose sanctions on Libya and consider whether to establish a no-fly zone over the country, where a resistance army is building against dictator Muammar al-Qaddafi.
U.S. officials have toughened their rhetoric against Qaddafi in the last few days as they call for him to step down. Susan Rice, U.S. ambassador to the United Nations, on Monday called Qaddafi “delusional” and accused him of “slaughtering his own people.”
Read the rest: U.S. Military Repositions Forces in Preparation for Libya Response
WASHINGTON (AFP) – China’s holdings of US bonds reached $1.16 trillion at the end of December, almost $270 billion more than previously estimated, new data showed Monday.
Beijing, which has converted much of a huge trade surplus with the United States over the past two decades into buying up US treasuries and other securities, held 26.1 percent of the total of $4.44 trillion held by foreigners, the Treasury said.
Unless we change our fiscal situation, our debt to China will continue to grow. This will have political implications in the future. The U.S. should have a potential adversary holding the amount of debt China has. We need to address this situation and begin to get our fiscal house in order.
Tags: Col. Mumar Qaddafi, U.S. Navy
