PERHAPS IT DID!
LET'S LOOK AT FACTS.
SUCH A PLAN WOULD HAVE WRECKED GLOBAL ECONOMY AND GREATLY AFFECTED WORLD ECONOMICS HAD OTHER OIL-PRODUCING NATIONS FOLLOWED SUIT, OR EVEN IF THEY HADN'T!
In 2000, Saddam Hussein announced Iraqi oil would be traded in EUROS, EUROS, NOT U.S. DOLLARS!
MANY said, at the time, that sanctions and an invasion followed because the Americans were desperate to prevent OPEC from transferring oil trading in all its member countries to the EURO!
A gold dinar instituted by Libya would have had serious consequences for the world financial system, but may also have empowered the people of Africa, something African activists say the U.S. wants to avoid at all costs.
AT ALL COSTS?
Some say the US and its NATO allies literally could not afford to let that happen.
"Gaddafi’s Gold-Money Plan Would Have Killed the US Dollar"
Kevin Hayden wrote in 2011:
"'According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause.
The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.
PAY ATTENTION TO THIS!
Saddam did the same thing in 2000.
What happened next?
Iraq was invaded and Hussein was hanged.
Iran began considering selling oil in Euros.
What happened next?
The country is placed on the table for planning nuclear war, is sanctioned by World Bank nations, and set up for a complete downfall.
Gaddafi mentions the GOLD DINAR, GOLD FOR OIL.
What happens next?
He is cornered and assassinated on the street.
Remember my blog on the upcoming/ongoing AFRICAN INVASION BY THE U.S.'s AFRICOM?
Who else wants to play suicide-roulette with the all-powerful wizards of the banking cartels, with U.S. foreign policy and dollar supremacy?
No one else has the guns nor the cojones to play such a dangerous game...except Russia and China, but Russia is quite cozy at the moment and China relies ON America for its supremacy.
It’s like all 3 countries are standing around a room together, ignoring the elephant.
See my blog on why Russia and China are buying mega-amounts of GOLD:
Libya/Gaddafi literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts.
French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.
"Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell.
“So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power."
According to Wile, Gadhafi’s plan would have strengthened the entire continent of Africa in the eyes of economists backing sound money, not to mention international investors who have long been concerned over America's INSOLVENCY.
It would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the banking system.
“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “Gaddafi Planned Gold Dinar, Now Under Attack” earlier this year.
“Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”
Investor newsletters and commentaries have been buzzing for months with speculation about the link between Gadhafi’s gold dinar and the NATO-backed overthrow of the Libyan regime. Conservative analysts pounced on the potential relationship, too.
“In 2009 — in his capacity as head of the African Union — Libya's Moammar Gadhafi had proposed that the economically crippled continent adopt the ‘Gold Dinar,’” noted Ilana Mercer in an August opinion piece for WorldNetDaily.
“I do not know if Col. Gadhafi continued to agitate for ditching the dollar and adopting the Gold Dinar — or if the Agitator from Chicago got wind of Gadhafi's (uncharacteristic) sanity about things monetary.”
But if Arab and African nations had begun adopting a gold-backed currency, it would have had major repercussions for debt-laden Western governments that would be far more significant than the purported “democratic” uprisings sweeping the region this year.
And it would have spelled big trouble for the elite who benefit from “freshly counterfeited funny-money,” Mercer pointed out.
“Had Gadhafi sparked a gold-driven monetary revolution, he would have done well for his own people, and for the world at large,” she concluded. “A Gadhafi-driven gold revolution would have, however, imperiled the positions of central bankers and their political and media power-brokers.”
AMERICAN MEDIA WAS LAX ON REPORTING THIS MIND-BLOWER!
Adding credence to the theory about why Gaddafi had to be overthrown, as The New American reported in March, was the rebels’ odd decision to create a central bank to replace Gaddafi’s state-owned monetary authority. The decision was broadcast to the world in the early weeks of the conflict.
In a statement describing a March 19 meeting, the rebel council announced, among other things, the creation of a new oil company. And more importantly: “Designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”
[IN JUST A FEW SHORT WEEKS, AMID COMPLETE UNREST IN LIBYA, NOT KNOWING IF THEY WOULD OR COULD MAINTAIN THEIR NEW-FOUND POWER, THESE MOSTLY FINANCIALLY ILLITERATE "REBELS" MADE THAT KIND OF MOVE?
WHY CHANGE SOMETHING THAT HAD WORKED PERFECTLY FOR YEARS, HAD BROUGHT LIBYA OUT OF POVERTY, SOMETHING THAT THE NATION OWNED, INTO A NEW CENTRAL BANK OWNED BY THE SAME ELITIST SCOUNDRELS THAT OWN AMERICA'S FEDERAL RESERVE?
WHY TURN OVER ALL OF THEIR RESOURCES TO AN INTERNATIONAL BANKING CARTEL?
TO SAVE A WORLD-WIDE FINANCIAL PANIC FROM HAPPENING, OR BECAUSE THEY DIDN'T WANT TO BE NEXT AT THE EXECUTIONER'S TABLE?]
Well, the creation of a new central bank, even more so than the new national oil regime, left financial analysts the world over scratching their heads, blogging comments, asking WHY.
“I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” noted Robert Wenzel in an analysis for the Economic Policy Journal.
“This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences,” he added.
Wenzel also noted that the uprising looked like a “major oil and money play, with the true disaffected rebels being used as puppets and cover” while the transfer of control over money and oil supplies takes place.
Other analysts, even in the mainstream press, were equally shocked.
“Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power?” wondered CNBC senior editor John Carney. “It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”
Similar scenarios involving the global monetary system — based on the U.S. dollar as a global reserve currency, backed by the fact that oil is traded in American money — have also been associated with other targets of the U.S. government.
Some analysts even say a pattern is developing.
Iran, for example, is one of the few nations left in the world with a state-owned central bank. And Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s “regime change” mission.
While most of the establishment press in America has been silent on the issue of Gadhafi’s gold dinar scheme, in Russia, China, and the global alternative media, the theory has exploded in popularity. Whether salvaging central banking and the corrupt global monetary system were truly among the reasons for Gadhafi’s overthrow, however, may never be known for certain — at least not publicly.
BUT LET'S CONTINUE WITH FACTS!
FACT: Libya is Africa’s largest exporter of oil, 1.7 million tons a day, which quickly was reduced to 300-400,000 tons/day AFTER the US-NATO bombing.
[UPDATE, PLEASE NOTE! ON THE "TONS" VERSUS BARRELS OF OIL, SEE COMMENTS AT END OF THIS ARTICLE. IT TAKES 7 BARRELS TO MAKE A METRIC TON (TONNE). ]
Libya exports 80% of its oil: 80% of that to several EU lands (32% Italy, 14% Germany, 10% France); 10% China; 5% USA.
FACT: Gaddafi HAD INDEED been preparing to launch a 'gold dinar for oil trade' with all of Africa’s 200 million people and other countries interested.
He had indeed been working with this since 2002, together with Malaysia.
As of recently, only South Africa and the head of the League of African States were opposed.
Before the invasion of Iraq, Saddam Hussein was in agreement as was Sudan, Burney, then Indonesia, then the United Arab Emirates, and also Iran.
FACT: French President Nickolas Sarkozy called this, “a threat for financial security of mankind”. Much of France’s wealth—more than any other colonial-imperialist power—comes from exploiting Africa.
FACT: The Central Bank of Libya WAS 100% owned by state (since 1956) and is thus OUTSIDE of multinational corporation control (BIS-Banking International Settlement rules for private interests).
Libya COULD AND DID finance its own projects and do so without interest rates, which reduced the costs by half of what private global banks demand. Libya’s central bank (with three branches in the east including Benghazi) DID INDEED HAVE 144 tons of gold in its vaults, which it could have used to start the gold dinar. (China, Russia, India, Iran are ALSO stockpiling great sums of gold rather than relying only on dollars! ARE THEY NEXT?)
FACT: Gaddafi/ Libya's Central Bank used $33 billion, without interest rates, to build the Great Man-Made River of 4,000 kilometers with three parallel pipelines running oil, gas and water supplying 70% of the people (4.5 of its 6 million) with clean drinking and irrigation water.
This provides adequate crops for the people making it a competitive exporter of vegetables with Israel and Egypt.
LIBYA WAS ON THE RISE, FINANCIALLY, LIKE NO OTHER AFRICAN NATION! Libya was a beacon to other African nations to follow, to throw off their enslavement of and dependency on the 'WEST', especially on the 'International Monetary Fund, 'World Bank', and the USA!
FACT: Gaddafi/ Libya's Central Bank had also financed Africa’s first communication satellite with $300 million of the $377 cost.
It achieved start-up for ALL Africa, December 26, 2007, and was saving the 45-African nations an annual fee of $500 million previously pocketed by Europe for the privilege of using EUROPEAN satellites!
This meant much less cost for telephones and other communication systems. Libya was an up-and-coming new financial 'player'!
FACT (a very, very odd fact!) The opposition led by so-called 'former Gaddafi ministers and some Eastern clan leaders' set up a central bank in Benghazi to replace Libya’s central bank even before they have set up a government or an organized army.
It was immediately recognized by Paris stock exchange and soon other Westerners. This is the first time in history rebels have set up a bank before victory or before having a government.
FACT: There is absolute evidence from Gaddafi defectors (especially Nouri Mesmari), under France's 'protection', that France started preparing a Benghazi based rebellion against Gaddafi from November 2010, in order to stop his plans to switch from the dollar to a new gold currency. US politician, Rep. Dennis Kucinich confirms this.
On December 23, 2010, Libyans Ali Ounes Mansour, Farj Charrant and Fathi Boukhris met with Mesrami and French officials in Paris. Those three are now part of the Benghazi-based leadership.
US General Wesley Clark (ret.) told Democracy Now (in 2007) that just ten days after September 11, 2001, another general had told him that the Bush government was planning to invade: Iraq, Libya, Syria, Lebanon, Somalia, Sudan and Iran. What they have in common is that they were not members of banks within the BIS, and most of them have LOTS of oil. Saddam Hussein had agreed with France's President to switch from dollars to Euros in oil trading six months before Bush invaded.
FACT: While Gaddafi had turned much of his oil sales toward the West, inviting in many of the major oil companies for huge profits (BP, EXXON Mobil, Shell, Total, etc), he did NOT EVER join the U.S. wars against Afghanistan and Iraq, as did most of the other oil-rich Middle Eastern governments.
Nor did he sign on with AFRICOM, a US-inspired pact oriented towards U.S. economic and military benefit in Africa and also oriented to isolate China from Africa’s natural resources.
In fact, China has 50 major economic projects going on in Libya with $18 billion invested. Before the US-NATO invasion, there were 30,000 Chinese workers on these and other projects.
Much of China’s investment is nw destroyed.
FACT: Human Rights Watch (which some have long called an 'imperialist-oriented NGO') reported that there had NEVER been any type of civilian bloodbath by Gaddafi.
Facts also tell us that in Misurata, for example, with 400,000 population (Libya's second largest city), after two months of war only 257 people were killed, including combatants.
Of 949 wounded, only 22 (3%) were women.
Quite a different story from American MSM propaganda, isn't it?
PLEASE NOTE! ONE CAN SIT AND WATCH FILMS, 'HOME VIDEOS' ALL DAY LONG OF HOW OFTEN GADDAFI WENT RIDING ABOUT IN AN OPEN CAR, STANDING AND WAVING FOR MILES IN THE OPEN AIR, STANDING IN THE MIDDLE OF HUGE CROWDS, STANDING ON BALCONIES, AN EASY TARGET FOR A SHOOTER, WITHOUT ANY SECURITY GUARDS TO BLOCK SHOTS AT HIM.
WHO ATTEMPTED HIS ASSASSINATION IN ALL THE YEARS HE BOLDLY WENT ABOUT AMIDST THE PUBLIC, OPEN TO ATTACK FROM THOSE WHO LINED THE STREETS TO SEE HIM?
ONLY THE USA!
HE WAS HARDLY THE HATED FIEND AMERICAN NEWS MEDIA BRANDED HIM AS, APPARENTLY!
AMERICA CERTAINLY USED HIM IN THE PAST!
BUT THEN AMERICA HAD PUT SADDAM HUSSEIN IN POWER AND FUNDED HIM AGAINST IRAN FOR HOW LONG?
THE EGYPTIAN MUBARAK, ONCE PRAISED AND FUNDED BY THE U.S., WHERE IS HE?
AND NOW ASSAD IN SYRIA.
FACT: As France took the lead, along with UK, to threaten Gaddafi militarily, Gaddafi threatened (March 2) to throw western oil companies out of Libya.
With more blustering from the west, Gaddafi invited (March 14) Chinese, Russian and Indian oil companies to take their place.
On March 17, the US-France-UK got want they wanted for starters from the UN. Resolution 1973, calling only for a no-fly strategy and not a regime shift or troop landings, was not backed by key big powers: China, Russia, Brazil, India and Germany.
Of the 28 NATO countries, only 14 are involved in the Libyan campaign and only six of those were in the air war.
Denmark is one of those six.
It spent 70 million kroner ($12 million) in the first two weeks of bombing.
By April 30, it had dropped 297 bombs on Libya.
Denmark’s 2011 defense-war budget is $4 billion annually (22.4 billion kroner) out of $130 billion (671 billion kroner) budget.
It used more money than ever for wars: $250 million annually in Afghanistan, three times 2008 expenditures–$14 billion total in nine years. It used $½ billion in five active years at war in Iraq and continues there with less.
What the US-NATO-EU hoped to achieve was to eliminate the half-reliable partner Gaddafi and replace him with a neo-liberal oriented government that will do their bidding: sign on AFRICOM, kick China out, reverse the government central bank to a BIS private enterprise, continue using dollars of course, and have the lackey leaders join in their permanent wars throughout the Middle East and Africa.
New neo-liberal socio-economic policies would eliminate what the Gaddafi government has provided the entire population through state subsidies funded with oil export sales: the highest standard of living in Africa with free, universal health and education care, and the possibility of studying abroad at state expense; $50,000 for each new married couple to get started with; non-interest state loans; subsidized prices of cars much lower than in Europe; the cheapest gasoline and bread prices in the world (similar to Venezuela), and no taxes for those working in agriculture.
WHY WOULD A PEOPLE LIVING UNDER SUCH PERKS, SO MANY BENEFITS HATE GADDAFI?
ACCORDING TO OVER 83% OF THEM, THEY NEVER DID HATE HIM, AND THEY DEEPLY GRIEVE HIS DEMISE!
1.7 MILLION GATHERED IN TRIPOLI TO PROTEST THE FIRST NATO STRIKES! THAT ALONE WAS 1/3rd THE NATION'S POPULATION!
GADDAFI ROAMED FREELY IN LIBYAN STREETS, NOT ONCE COMING UNDER ATTACK FROM HIS PEOPLE, NOT UNTIL HE THREATENED THE INTERNATIONAL BANKING ELITE!
I AM NOT SAYING GADDAFI WAS "SWEETNESS AND LIGHT".
This is not to say that Gaddafi was REMOTELY all that one could want in a leader,
for he was NOT, but he was definitely not as bad as most of U.S.-NATO's allies, such as dictators in the Middle East (House of Saad/Saud!) and some in Africa, or Asia/India.
What NATO/ U.S. calls "friendly" governments are anything but, especially Saudi Arabia—which sent troops to 'good neighbor' Bahrain to murder hundreds of unarmed protesters, all condoned by the U.S.
REMEMBER THOSE 9/11 "HIJACKER/TERRORISTS ALMOST ALL CARRIED SAUDI CITIZENSHIP?
DID YOU FORGET THAT PART?
Look at Yemen, Oman, Syria, Egypt, Jordan, where the governments murder hundreds/THOUSANDS of unarmed protesters at will and never saw sanctions, until they ticked-off the WEST.
It seems the US doesn’t like supporting non-violent demonstrators and would rather see them dead.
WE HAVE BUT TO LOOK AT HOW AMERICA TREATED OCCUPY WALL STREET PROTESTERS, LOOK FURTHER BACK AT KENT STATE, THE CIVIL RIGHTS ERA, LOOK AT THE "NO FREE SPEECH ZONES" RECENTLY PASSED BY CONGRESS, TO SEE WHAT KIND OF HARD-BALL TACTICS OUR OWN GOVERNMENT STOOPS TO, JUST LIKE OUR 'ALLIES'!
And that is yet another, and one of the most important, reasons for U.S.-NATO taking over Libya: to stop the progressive, dynamic uproar throughout the Arab world.
If these mostly youth-led revolts could actually win, which would mean replacing the imperialist-backed system and not just a dictator here or there, it might lead to an anti-capitalist revolution.
IT COULD UPEND THE ENTIRE GLOBAL ECONOMIC HIERARCHY!
The REAL reasons we went in to Libya was because Gaddafi was trying to implement the gold dinar currency for oil and commodity purchases, which would have totally destroyed the U.S. dollar's purchasing power.
Just think of the money that leering, traitor-criminal Bernake would have had to print had Gaddafi not been HIT!
Same thing with Iraq, except our long-term good old ally there, Saddam, whom we financed for decades to fight against Iran, threatened to switch from the US dollar to the Euro.
So, QUICKLY, OMG!
Send in the troops, send in NATO troops, or the raping, thieving UN forces to ensure “stability” for the big corporations about to lose those contracts in Libya, those banks that were kicked out, those oil companies Gaddafi booted out, so MORE of Wall Street and the World Bank can rush in to get their contracts to "rebuild" all of Libya that NATO/U.S. destroyed with those thousands of bombs.
And they get the pleasure of indebting the Libyan people forever through the IMF and other central banks worldwide
Some victory for the Libyan people!
In case you missed it, in 1953 the U.S. overthrew the democratically elected president of Iran, Muhammad Mussadegh, and replaced him with the pro-western dictator, the Shah, which sent the country into a decline.
In 1954, the U.S. replaced democratically elected Guatemalan President Jacobo Arbenz Guzman with a military dictator.
In 1960, the US helped undermine Prime Minister Patrice Lumumba, in Congo.
Throughout the entire world, America and her fellow empire-builders have put them in AND taken them out, as it suits them.
The list goes on with Gaddafi just another fallen once-upon-a-time ally turned into a bloody slick on the soil of yet another nation scheduled to be owned by the ones who own US, YOU AND ME.
The general rule of thumb seems to be: strengthen US economy and support western ideology ... OR DIE!
The "Libyan HUMANITARIAN Crisis" is a cover-story for a plan to shut down Gaddafi's attempt to set up an alternative international currency based on gold.
It was done to STOP African progress OUT OF POVERTY AND DEPENDENCE ON THE WEST.
Libya's natural resources, indeed all of Africa's natural resources, are just too sparkly, too desirable for the West to turn away from!
"MUST HAVE THE PRECIOUS!!!"
WAS it the Golden Dinar which was the biggest aspect of this?
Was it a rising African power, a nation showing other nations that they, too, could get out from under Western control?
Not only would the Golden Dinar have 'screwed' the U.S. dollar if successful, it would have also screwed the Euro too!
Screwing up one currency of the international banking cartel is one thing, but also screwing up the Euro version SEEMS to have been the last straw.
Nelson Mandela liked Gaddafi:
Mandela: "Those who are Irritated by our Friendship with Brother Leader Gaddafi can Jump in a Pool."
Gaddafi is gone....who's next?
WHO IS NEXT TO DIE OR GO TO PRISON?
ANYONE WHO BUCKS THE WORLD BANKING CARTEL?
ANYONE WHO TELLS AMERICA TO BUTT OUT?
THINK! THINK QUICKLY, FOR SOON THINKING WILL BE ILLEGAL HERE, PUNISHABLE BY DEATH!
AMERICA NEEDS TO GET OUT AND STAY OUT OF THE MIDDLE EAST!