By Randy Economy
www.Economy4abc.Blogspot.com
Saturday, March 19, 2011
8:30 a.m. PST
Los Angeles, CA
I woke up this morning, and it looks like we could be on the verge of an all out war in Libya.
Rueters is reporting that allied warplanes are stopping Libyan leader Muammar Gaddafi's forces attacking the rebel-held city of Benghazi.
Image via WikipediaFrench President Nicolas Sarkozy is about to address his country over the situation, and President Barack Obama is about to make a statement on the situation from South America where he is beginning a trade promotion mission. Also waiting for a statement from US Secretary of State Hillary Clinton.
Moammar Gadhafi took advantage of international indecision to attack the heart of the 5-week-old uprising on Saturday, sending troops, tanks and warplanes to swarm the first city seized by the rebels. Crashing shells shook buildings, and the sounds of battle drew closer to Benghazi's center.
Scary day for the world.
Are we about to face a new all out war in Northern Africa?
Image via Wikipedia