Moral Outrage
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Archive for April 2011

US and Europe confiscating the sovereign wealth of Libya

April 30, 2011

The objective of the war against Libya is not just its oil reserves (now estimated at 60 billion barrels) nor the natural gas reserves of which are estimated at about 1,500 billion cubic meters. In the crosshairs of “willing” of the operation “Unified Protector” there are sovereign wealth funds, capital that the Libyan state has […]

Mexican Sinaloa Cartel Leader A US Government Asset?

April 29, 2011

A high-level player with one of the most notorious narco-trafficking organizations in Mexico, the Sinaloa cartel, claims that he has been working with the U.S. government for years, according to pleadings filed recently in federal court in Chicago. Jesus Vicente Zambada Niebla is the son of Ismael “El Mayo” Zambada Garcia, one of the purported […]

Time ticking for US dollar as world’s reserve currency

April 28, 2011

The Fed’s relentlessly easy monetary policy combined with Congress’s reckless spending have driven investors out of the United States and into Asia, South America and elsewhere in search of higher returns and more sustainable growth. This incoming wall of money puts the central bankers in these countries in a bind. If they do nothing, the […]

Richard Russell on Gold Manipulation

April 27, 2011

Richard Russell, a long-time gold bug, writes: “The desperate battle to keep gold below $1500/oz. continues. … I’m fascinated to see whether June gold can close above 1500 or whether the anti-gold contingent can manage to knock gold down (again) below 1500. The action is now so blatant that it literally screams of manipulation. … […]

China on why Libya is bombed while Bahrain and Yemen get away with repression

April 26, 2011

Africa is absolutely crucial for China’s energy strategy. Let’s take a look at China’s top oil suppliers: Saudi Arabia, Iran, Angola, Russia, Oman and Sudan. At the strait of Hormuz – through which transits Saudi, Iranian and Omani oil – China is hostage of the local policeman, the US 5th Fleet, which also patrols the […]

The Age of America nears its end by 2016

April 26, 2011

The International Monetary Fund has just dropped a bombshell, but hardly anyone noticed. For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China. And it’s a lot closer than you may think. According […]

War with Libya continues as West unwilling to negotiate

April 24, 2011

Last week Libya’s Foreign Minister Abdul Ati al-Obeidi offered a “properly verifiable” ceasefire supervised by foreign observers to pave the way for talks which could cover “any issue” including, he implied, the future of Colonel Muammar Gaddafi. He also proposed a six-month transition period to be followed by elections under U.N. supervision as proposed by […]

US drone attacks in Pakistan produce little but enemies

April 24, 2011

The number of drone attacks has ramped up under President Obama, to an estimated 166. This represents a 300 per cent increase in the number of drone attacks in Pakistan compared to those during George W Bush’s presidency. The number of people killed in 2010 by American drones is thought to be between 607 and […]

The Endless War paid for by our tax dollars

April 23, 2011

While our fiscal woes have led Congress to slash food aid this year to the world’s poor, the U.S. government will keep using your tax dollars to kill them. “Money for bombs, not bread,” might be the slogan. And when it comes to dropping its citizens’ tax dollars on flying killer robots and foreign military […]

Apathy the greatest enabler of the military industrial complex

April 23, 2011

The latest and greatest $8.3- million-a-day war for peace, Libya — is your single greatest expense as a citizen. Indeed, over half of federal discretionary spending — what Americans will pay for with their incomes taxes — goes to the armed forces and their legion of private contractors. Now imagine what that money could do […]