US is 2 Faced in North Africa turmoil

28 01 2011

the World Socialist Website says –

US pursues two-track policy to suppress protests in Egypt and Tunisia

The United States is working intensively to suppress mass protests in both Tunisia and Egypt and prop up the local ruling elites that are entirely subordinate to American imperialism. It is using different tactics in the two countries, dictated in large part by their relative strategic importance to US ruling class interests in the Middle East.

In Tunisia, Washington backed its long-time asset Zine El Abidine Ben Ali until it concluded that his position could not be salvaged despite weeks of violent repression against anti-government demonstrators. Just days before Ben Ali was driven from the country, Secretary of State Hillary Clinton said the United States was “not taking sides” between the dictator and protesting workers and youth.

It has been widely reported that the US instructed the Tunisian military to refuse Ben Ali’s orders to fire live rounds into mass demonstrations in Tunis and other cities, effectively pulling the rug out from under Ben Ali and making the military leader, Gen. Rachid Ammar, the political arbiter within the country.

The US undoubtedly engineered the formation of a so-called interim unity government following Ben Ali’s January 14 flight to Saudi Arabia.  . . . (more)

http://wsws.org/articles/2011/jan2011/egyp-j27.shtml


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“Wall Streets is headed toward international pariah status”

11 03 2010

Michael Collins writes –

 Wall Streets is headed toward international pariah status thanks to two recent actions by the European Union (EU).

On Tuesday, the EU announced that it was banning Wall Street banks from the lucrative government bond business in Europe. They didn’t express official concern or fire off a warning shot. They simply banned Wall Street from financing government bond deals like the one Goldman Sachs sold to Greece. The Guardian pointed out that Wall Street bond business from European governments has gone down over the last two years. Now the business is gone period. In effect, the EU has labeled Wall Streets business tactics as too dangerous for their governments to handle.

Then on Wednesday, the President of the European Commission said that the EU was considering a ban on government debt speculation through Credit Default Swaps (CDS) President José Manuel Barroso announced that, “the Commission will examine closely the relevance of banning purely speculative naked sales on Credit Default Swaps of sovereign debt.” While not an outright ban, the threat of banning CDS on national debt would be a major loss for the world’s financial speculators, particularly those in the United States and Great Britain….(more)

http://www.thepeoplesvoice.org/TPV3/Voices.php/2010/03/10/economicwarfare


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