I know what happened in Libya

November 19, 2011 1:03 PM ~  
Are you wondering what really happened in Libya? Does it just seem confusing to you that a band of rebels just happened to suddenly rise up and take over the country? Why was it necessary that the US and other European countries assist in this?

Well, I have the answer: Libya was refusing to bow down to the central bankers that control the currency of international exchange (The dollar) and the currencies of the major industrialized nations. Ghaddafi was in fact attempting to establish a gold backed currency for the continent of Africa. This would mean a sudden reversal in fortunes as the price of gold has skyrocketed with all of the central bank-fueled inflation. Africa could have become the richest and most prosperous economy in a matter of years had Ghaddafi been successful.

I had this intuition when the conflict first started because, as a person who researches currency issues, I knew about the movement for the African Dinar (the gold backed currency,) but now I have found an article (with references) that puts all of the pieces together:
According to a Russian article titled “Bombing of Lybia – Punishment for Ghaddafi for His Attempt to Refuse US Dollar,” Gadaffi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gadaffi suggested establishing a united African continent, with its 200 million people using this single currency. During the past year, the idea was approved by many Arab countries and most African countries. The only opponents were the Republic of South Africa and the head of the League of Arab States. The initiative was viewed negatively by the USA and the European Union, with French president Nicolas Sarkozy calling Libya a threat to the financial security of mankind; but Gadaffi was not swayed and continued his push for the creation of a united Africa.

And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:

One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned. . . . Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.

Libya not only has oil. According to the IMF, its central bank has nearly 144 tons of gold in its vaults. With that sort of asset base, who needs the BIS, the IMF and their rules?

via Libya: It May Be More About Banking and Less About Oil - Seeking Alpha.

So put that in your pipe and smoke it, all you Keynesians out there! It's not "No blood for oil," it is: "No blood for banks!"