European Central Bank and the Euro

Daily Mail: Reports on the unexpected resignation of Jurgen Stark from the board of the European Central Bank, the resignation it is believed is due to policy of the ECB to keep the PIIGS from defaulting. At some point either a brave European politician or a Country will pull the plug on the Euro, there comes a point when it starts to feel like economic madness, the Euro will only work if the Germans approve a Euro bond, in other words the Germans will have to bailout out the poor Countries of the Euro, we are talking trillions here folks, that includes Italy and Spain. Either the Germans agree or the EU has to cut bait when it comes to the Euro, throw out Greece, Ireland, Portugal, even Italy, then support the rest of the Eurozone countries, but also make sure that expelled Countries are supported for the long term. This crisis will only end badly folks, its to late for a real solution.

Israeli Ambassador Flees Egypt

Guardian: Reports that after the storming of the Israeli Embassy the Israeli Ambassador in Egypt and other Israelis are waiting to be picked up by an Israeli military plane. It can be argued that with the fall of the previous regime in Egypt the peace deal between Israel and Egypt might me on the way out, the new government in Egypt wants to keep the Arab street happy and also win forthcoming elections, the peace deal might have been popular between the elites but it was never popular on the Arab street. Thus the US has to be worried about the security of Israel, it should place pressure on Cairo to protect Israeli interests in the Country, otherwise it could lose US military support, Obama has to be tough with Egypt, Israel needs to build up its defence on the border with Egypt.

Libyan Front Line - Latest

Telegraph Live: Reports on the early battles to take the Gaddafi strong holds of Sirte and Bani Walid. Once the rebels have taken these towns the only thing left will be finding and arresting Colonel Gaddafi or of course killing him, either option would mean the end of the Gaddafi regime. After this Civil War is over the Libyan people have to build their Country up from the ground up, they are fortunate that they have the oil money, lets hope it works out in Libya, the UN will help with the reconstruction of Libya, but at the end of the day the Libyan people have to want to WIN, its their Country.

Israeli Embassy Stormed = Egypt

BBC News: Reports that the Israeli Defence Minister Ehud Barak has requested that the new US Defence Secretary Leon Panetta to defend the Israeli Embassy in Cairo, Egypt. This is the last thing that POTUS wants, he does not want to have to deal with a crisis in the Middle East, the threat from Al Qaeda on 9/11, he wants to push his jobs plan, but these are major diversions, if they should go wrong it can be a disaster, lets hope POTUS keeps his eye on the Middle East, he can not afford for a war to break out between Egypt and Israel after thirty years of peace. Also the Al Qaeda threat is real, thus the heavy New York Police presence in New York, Obama has to be careful that his troop withdrawal in September of 2012 from Afghanistan does not lead to a spike in attacks from that region. Well POTUS wanted the job!

Israel vs. Egypt

The White House: A readout of a telephone talk between President Obama and Israeli PM Netanyahu. The two leaders discuss the security of the Israeli Embassy in Cairo, Egypt. The readout states the following, “ The President spoke with Israeli Prime Minister Netanyahu today about the situation at the Israeli Embassy in Cairo. The President expressed his great concern about the situation at the Embassy, and the security of the Israelis serving there. He reviewed the steps that the U.S. is taking at all levels to help resolve the situation without further violence, and to call on the Government of Egypt to honor its international obligations to safeguard the security of the Israeli Embassy. The President and the Prime Minister agreed to stay in close touch until the situation is resolved. ” Folks at the end of the day this is about Obama’s re-election, his fraught relationship with PM Netanyahu is well known, President Obama can not afford to see the security of Israel come under threat from the new Egypt after its military revolution. The problem with throwing the last regime under the bus is that it could threaten the peace deal between Israel and Egypt, thus Obama has to keep an eye on the growing tensions between the two Countries.