Wednesday, April 27, 2011

The real reason we're in Libya: Banks, not Oil

So in my daily browsing of my usual channels this morning, I heard a rather astonishing fact on a radio program that I usually listen to: Prior to the war, Libya had a value-based currency (as opposed to a debt-based currency like ours and the rest of the UN countries). This value-based currency was backed with gold, and independent of the global financial banking system that has consumed most of the world.

Suddenly, things made a lot more sense. I recalled back to when the war first started, and I heard that one of the -very- FIRST things the Rebels did was agree to, and establish, a central banking system backed by the IMF. Before they built bases, organized troops, established leaders, built hospitals or munitions holdings, or any of the other number of practical first steps the 'rebels' could have taken, they established a friggin IMF central bank??? Seems outrageously insane, but that's -exactly- what happened.

And then I saw this article  just a few minutes later, from which the following is an excerpt (As a side note, while I have not posted about Jon Perkins yet, he's another individual who I respect very much. He's a self-proclaimed economic hitman, who's job, in a nut shell, was to go to 3rd world countries and make economic arrangements with them that would greatly benefit the US, usually to the detriment of that country. He's a fascinating man with lots of amazing stories, and I greatly respect him for his work in recent years).

"While many of the rationalizations describe resources, especially oil, as the reasons why we should be in that country, there are also an increasing number of dissenting voices. For the most part, these revolve around Libya’s financial relationship with the World Bank, International Monetary Fund (IMF), the Bank for International Settlements (BIS), and multinational corporations.

According to the IMF, Libya’s Central Bank is 100% state owned. The IMF estimates that the bank has nearly 144 tons of gold in its vaults. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. In fact, he called upon African and Muslim nations to join an alliance that would make this new currency, the gold dinar, their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars.

The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy. Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq.

In my talks, I often find it necessary to remind audiences of a point that seems obvious to me but is misunderstood by so many: that the World Bank is not really a world bank at all; it is, rather a U. S. bank. Ditto, its closest sibling, the IMF. In fact, if one looks at the World Bank and IMF executive boards and the votes each member of the board has, one sees that the United States controls about 16 percent of the votes in the World Bank – (Compared with Japan at about 7%, the second largest member, China at 4.5%, Germany with 4.00%, and the United Kingdom and France with about 3.8% each), nearly 17% of the IMF votes (Compared with Japan and Germany at about 6% and UK and France at nearly 5%),and the US holds veto power over all major decisions. Furthermore, the United States President appoints the World Bank President."

So, there you have it. Many, many people, including former military and CIA individuals, have claimed that the US was responsible for beginning the rebel uprisings in the first place. Now we know why... You can pretty much sum it up like this: 'Play by our rules, sell your people and their freedoms to the international banking cartel, and we'll give you guns, food, and support... we'll win this war for you.'Qaddfi was too independent, and wanted a better future for the people of his country and region, free from the Tyranny of the western world. Like Obama himself said, our interests, and the interests of our allies, were at stake, only now we know it's not just the oil he was talking about.

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