Real Cause for Gaddafi's Expulsion: Wanted Gold Currency?
Some believe it [the NATO/US-led Libyan invasion] is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi's plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth.
Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.
It is an idea that would shift the economic balance of the world.
"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, 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," says Anthony Wile, founder and Chief Editor of the 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 from moving him from power."
And it has happened before.
In 2000, Saddam Hussein announced Iraqi oil would be traded in euros, not dollars. Some say 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 would have had serious consequences for the world financial system, but may also have empowered the people of Africa, something black activists say the US wants to avoid at all costs.
Some say the US and its NATO allies literally could not afford to let that happen.
Posted by baifeihe on 01/20/12 04:23 PM
Great article! I would love for the DB to interview Sterling and Peggy Seagrave, authors of a very well researched book titled: Gold Warriors, Americas Secret Recovery Of Yamashita's Gold. The information in the book will make your blood boil! It gives great insight into the operation of Central Banks, in collusion with the US Treasury Department, during WWII to transfer recovered gold to US control for the purpose of off the record funds. Some of the gold still sits in the vaults of Citibank, but most of it has disappeared. It also covers the "special" relationship the US intel agencies had with Ferdinand Marcos.
Posted by oldman67 on 07/31/11 09:17 PM
I still beieve this is the reason for the attacks on Libya by the US and NATO. It is interesting that in the past Gaddafi had recieved 70 different loans from the Federal Reserve.We can only wish our educational system could be a good as Libya's.While our government take from us the people of Libya recieved royalities from the sale of their oil.Gaddafi made sure each family had a home.Another reason for the US and NATO to take control of Libya is the Centeral Bank of Libya is not under the control of the BIS. You might say the Rothschilds.
Posted by wbeeby4 on 06/25/11 05:11 AM
Yes very true.
Posted by wbeeby4 on 06/25/11 05:10 AM
If this is true then it explains an awful lot. I did hear that Saddam was toppled because of his wish to sell Iraq's oil in Euro's.This really does mean that America is the cause of the worlds problems and certainly NOT the cure. The thing is , and I'm in UK which is equally guilty , what can we do to escape from America's power elite ? This is most depressing. By the way I thought Gordon Brown sold off our gold assets in 1998 at 250.00 dollars per ounce which of course turned out to be rock bottom pricing. Am I wrong about that or have we built gold reserves back up at higher prices ?
Posted by Dragonfly on 06/06/11 08:10 AM
and add to this that Goldman Sachs lost 98% of Gaddafi's $1.3bn investment...the plot thickens!
Posted by Reader on 05/24/11 09:29 AM
Click to view link
Further explanation of the doomed west and its mad dreams about Libya.
Posted by Reader on 05/20/11 09:11 AM
The real cause was Africa's biggest and Best quality oil reserves.
Posted by Himagain on 05/06/11 12:16 AM
Sometimes I really do wonder what even the "expected-2-b-erudite" think about.
Wasn't this obvious to anyone of I.Q. 90+?
Posted by dotti on 05/05/11 12:00 PM
I suspected the role of Saddam's rash statements about euros for oil as the cause of the war, but at the time, it seemed rather radical. I found it hard to believe that a passion for worldwide democracy was the reason for our support of revolutionaries in various arab states. The gold/dinar story seems right.