Hot off the presses at ZeroHedge :

The vote by the UN Security Council to impose a no-fly zone on Libya and take “all necessary measures” to protect Libyan civilians from government-led attacks, has passed with a vote of 10 to 5. The vote “will also allow military intervention to enforce the ban, and calls to take “all necessary measures” to protect civilians and civilian populated areas under threat of attack.” The UN Security Council Resolution was backed by 10 countries, enough to pass, while 5 other countries – including Russia, China and Germany – chose to abstain. None voted against. Next up: CNN’s ratings go through the roof as everyone picks up where they left off in the Gulf War with watching 1st person perspectives of bombing sorties taking out various Libyan targets. German planes however will be missing: Merkel’s state refuses to participate at all in the bombing.

Nothing like invading a sovereign country to take peoples minds off the fact that the financial system is fucked.

I can imagine the news media now getting their knickers in a twist deciding how to cover Japan whilst also getting the scoop on allied warplanes flying sorties in Libya.

When the history books are finally written, 2011 will a multi-volume, shelf bending, monster and we are not even a quarter way through it yet.