Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya

[Nokturnal]

War in Libya as justification/distraction to raise debt ceiling?

Not much to say here besides the title, there really should be a thread for random thoughts like this.

But yeah, does anyone else notice the close proximity between the US entering Libya and the US hitting the debt ceiling? There's only about a more to go I think. I doubt it could really be used as a reason, I'm sure everyone would instantly be aware of the bond buying by the Fed, but stranger things have happened.

Thoughts?

[FastTadpole]

It's not the only thing I'm sure these actions of aggression and chaos are always multi-faceted venture.

It was more of a dipstick into the public opinion of how a but under it's cloak it served as a bait and switch tactic to get all sorts of things done while all eyes are on Libya and Japan. I mean anyone hear anything about the massive slaughter in the Congo or Nigeria that has been going on for almost a bloody year? Shadowy parasites are always doing something when there is a big story in the news, and there is always a big story in the news.

Just because it isn't being reported on doesn't mean it isn't happening.

We need to take responsibility for our own news but we're mostly new at it, or lazy and just repeat what others are saying.

Ears to the ground and eyes to the skies.

[drummer]

March 29, 2011

The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels - they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn't forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has "designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi." Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.

Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn't it?

Most people don't realize that the previous Central Bank of Libya was 100% state owned. The following is an excerpt from Wikipedia's article on the former Central Bank of Libya....

The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.

Since the old Central Bank of Libya was state owned, it was essentially under the control of Moammar Gadhafi.

But now that Libya is going to be "free", the new Central Bank of Libya will be run by Libyans and solely for the benefit of Libyans, right?

Of course it is probably safe to assume that will be the case with the new national oil company as well, isn't it?

Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be "free" the people of Libya will be able to work hand in hand with "big oil" and this will create a better Libya for everyone.

Right?

Of course oil had absolutely nothing to do with why the U.S. "inva---" (scratch that) "initiated a kinetic humanitarian liberty action" in Libya.

When Barack Obama looked straight into the camera and told the American people that the war in Libya is in the "strategic interest" of the United States, surely he was not referring to oil.

After all, war for oil was a "Bush thing", right? The Democrats voted for Obama to end wars like this, right? Surely no prominent Democrats will publicly support this war in Libya, right?

Surely Barack Obama will end the bombing of Libya if the international community begins to object, right?

Obama won a Nobel Peace Prize. He wouldn't deeply upset the other major powers on the globe and bring us closer to World War III, would he?

Russian Foreign Minister Sergei Lavrov has loudly denounced "coalition strikes on columns of Gaddafi's forces" and he believes that the U.S. has badly violated the terms of the UN Security Council resolution....

"We consider that intervention by the coalition in what is essentially an internal civil war is not sanctioned by the U.N. Security Council resolution."

So to cool off rising tensions with the rest of the world, Obama is going to call off the air strikes, right?

Well, considering the fact that Obama has such vast foreign policy experience we should all be able to rest easy knowing that Obama will understand exactly what to do.

Meanwhile, the rebels seem to be getting the hang of international trade already.

They have even signed an oil deal with Qatar!

Rebel "spokesman" Ali Tarhouni has announced that oil exports to Qatar will begin in "less than a week".

Who knew that the rag tag group of rebels in Libya were also masters of banking and international trade?

We sure do live in a strange world.

Tonight, Barack Obama told the American people the following....

"Some nations may be able to turn a blind eye to atrocities in other countries. The United States of America is different."

So now we are going to police all of the atrocities in all of the other countries around the globe?

The last time I checked, the government was gunning down protesters in Syria.

Is it time to start warming up the Tomahawks?

Or do we reserve "humanitarian interventions" only for those nations that have a lot of oil?

In fact, atrocities are currently being committed all over Africa and in about a dozen different nations in the Middle East.

Should we institute a draft so that we will have enough young men and women to police the world with?

We all have to be ready to serve our country, right?

The world is becoming a smaller place every day, and you never know where U.S. "strategic interests" are going to be threatened next.

The rest of the world understands that we know best, right?

Of course the rest of the world can surely see our good intentions in Libya, can't they?

Tensions with Russia, China and the rest of the Arab world are certainly going to subside after they all see how selfless our "humanitarian intervention" has been in Libya, don't you think?

In all seriousness, we now live in a world where nothing is stable anymore. Wars and revolutions are breaking out all over the globe, unprecedented natural disasters are happening with alarming frequency and the global economy is on the verge of total collapse.

By interfering in Libya, we are just making things worse. Gadhafi is certainly a horrible dictator, but this was a fight for the Libyan people to sort out.

We promised the rest of the world that we were only going to be setting up a "no fly zone". By violating the terms of the UN Security Council resolution, we have shown other nations that we cannot be trusted and by our actions we have increased tensions all over the globe.

http://uruknet.info/?p=m76342&hd=&size=1&l=e

[rsol]

"the Libyans" make up 100s of 1000s of people. i dont think all of them are fighting then sitting down at night to go over some economics.

If these guys run out of money they are screwed.

Im still agnostic on this libyan thing. those are our weapons being used against these people.

We actually promised a bit more than "just" a no fly zone. They had full mandate to use "any means necessary" to "protect civilians". They have been riding the edge of this already bold proposal. I dont think they have lied. thats the worrying thing here. they have set an even bigger precedent than iraq.

Personally i would have air dropped them some supplies and plenty of AA missiles. with a note saying "get well soon". job done. but thats about as much as i would have done. given the position. the initial proposal never should of left the floor.

Quote:Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be "free" the people of Libya will be able to work hand in hand with "big oil" and this will create a better Libya for everyone.

That statement coming after

Quote:The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company.

Which of these statements is false? one has to be.... whos nationalising the wells? the guy who signed a deal with BP recently? or the guys trying to kick him out?

[R.R]

Thats always at the heart of these conflicts. Governments that are more sympathetic to the agendas of the west but as these are likely to not go down well with the people, a system of control must be set-up which stems from central banks who loan out the money to build the infrastructure of a nation and to raise wages, once the people are used to the new lifestyle the taxation begins to repay those loans and the debt on them - which can't be done, so wages go down, taxation and production goes up, the banks end up owning everything and using the surplus production to throw in another country that has just had its infrastructure built up in order to entice the local population there to work within the newly created infrastructure. It is this way how the new world order is being built. You get the odd rebellion and sometimes once the nation realises it was getting played, they tend to become very nationalistic and start to kick out the foreigners that decided to settle there during the country's boom period which then gives justification for the international community to invade and retake the spoils again.

[rsol]

well its like a casino. banks win if you win or lose. i dont think they would care either way. Thus i dont require their motives here. whatever happens you know the IMF will be there to lend then some zeros.

yeah nationalism mixed with socialism. noone likes that as we know.

[R.R]

I just hope we don't see a Europe wide situation, but then I'd have to pray the nwo fuckers get what they want. Like you say they win irrespective of if you win or lose. Hopefully the piling and spreading debts of the EU member states doesn't manifest into several Nazi Germany's.

[rsol]

nah i doubt it. for all the talk we have way less to moan about. just thank your stars you only need oil, not live near it.

[Dunamis]

Quote:America's true reason for attacking Libya becomes clear with new central bank
March 30th, 2011 11:28 am ET
By Kenneth Schortgen Jr, Finance Examiner

America's true reason for intervention, and missile attacks against Libya has become very clear today with a sudden creation by the rebels of a new central bank on March 29th.

Quote:The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels - they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn't forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has "designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi." – The Economic Collapse via Uruknet

Libya has been one of the last nations in the world that had its own state run banking system, and control over its own money supply. By having this system in place, they could demand oil purchases from their oil fields to be made in Lybyan Dinar, and not the US Dollar. It also means that Libya has ensured themselves a stable economy, with little inflation and currency devaluing as most of the industrialized world has under private central banks.

The parallels for both European and US intervention now in Libya is very reminiscent to why the United States attacked Iraq in 2003. Six months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept Euro's instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.

The American people were given the lie that there were weapons of mass destruction (WMD), and that there were Al Quida training bases in the Arab state, both of which were proven to be false. No, these were false flags given by the government to try to justify a punishment on Iraq for moving away from dollars as payment for oil.

To be able to create a new central bank under the blueprint that is used by Western powers in less than two weeks by the rebels gives vast credence that the rebellion itself in Libya was initiated by outside forces, and not over demands by the citizens of Libya for social reform. This plan was put in place by the world's game changers who want complete global control over oil and economic systems.

It did not take long before we discovered the real reason why America chose to intervene and attack Libya, and not any of the other nations in the Middle East that are going through internal rebellion. The rebels creation of a central bank, coupled with the United Nations report two days ago that there would be no sanctions on the selling of oil by the rebels who control certain fields and refineries, proves that this war is not about human rights, but about punishment for a nation that refused to give up its sovereignty to the global banking and oil cabals.

Related - Libyan Rebels Have Already Established A New Central Bank Of Libya

[Mike_Smith]

The "central bank" in your topic title speaks volumes. Maybe I'm wrong, but didn't Lybia have a state run bank?

I think the real issue as far as banking goes, was the interest free, no term loans.

Can't have a decent nation without a little Jewish usury now can we?

---

This whole affair makes me want to puke... I think... It could be the radiation sickness also...

[Scorpio]

(04-03-2011 06:36 AM)Mike_Smith Wrote:  The "central bank" in your topic title speaks volumes. Maybe I'm wrong, but didn't Lybia have a state run bank?

I think the real issue as far as banking goes, was the interest free, no term loans.

Can't have a decent nation without a little Jewish usury now can we?

---

This whole affair makes me want to puke... I think... It could be the radiation sickness also...

Yes, Mike, any country that does not engage in excessive usury and debt slavery is clearly evil and must be carpet bombed. Also, college was free to all citizens.
What would happen to the world if young college graduates didn't enter the world with $100k in debt? The world would probably come to an end.

[icosaface]

by Ellen Brown

Global Research, April 14, 2011

webofdebt.com

Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:

I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.

Alex Newman wrote in the New American:

In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the supposed rag-tag revolutionaries announced the “[d]esignation 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.”

Newman quoted CNBC senior editor John Carney, who asked, “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? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”

Another anomaly involves the official justification for taking up arms against Libya. Supposedly it’s about human rights violations, but the evidence is contradictory. According to an article on the Fox News website on February 28:

As the United Nations works feverishly to condemn Libyan leader Muammar al-Qaddafi for cracking down on protesters, the body's Human Rights Council is poised to adopt a report chock-full of praise for Libya's human rights record.



The review commends Libya for improving educational opportunities, for making human rights a "priority" and for bettering its "constitutional" framework. Several countries, including Iran, Venezuela, North Korea, and Saudi Arabia but also Canada, give Libya positive marks for the legal protections afforded to its citizens -- who are now revolting against the regime and facing bloody reprisal.


Whatever might be said of Gaddafi, the Libyan people seem to be thriving. A delegation of medical professionals from Russia, Ukraine and Belarus wrote in an appeal to Russian President Medvedev and Prime Minister Putin that after becoming acquainted with Libyan life, it was their view that in few nations did people live in such comfort:

[Libyans] are entitled to free treatment, and their hospitals provide the best in the world of medical equipment. Education in Libya is free, capable young people have the opportunity to study abroad at government expense. When marrying, young couples receive 60,000 Libyan dinars (about 50,000 U.S. dollars) of financial assistance. Non-interest state loans, and as practice shows, undated. Due to government subsidies the price of cars is much lower than in Europe, and they are affordable for every family. Gasoline and bread cost a penny, no taxes for those who are engaged in agriculture. The Libyan people are quiet and peaceful, are not inclined to drink, and are very religious.

They maintained that the international community had been misinformed about the struggle against the regime. “Tell us,” they said, “who would not like such a regime?”

for the links and to read more... Global Research

[rsol]

"According to an article on the Fox News website on February 28:"
????

when did they become gospel?

"The review commends Libya for improving educational opportunities, for making human rights a "priority" and for bettering its "constitutional" framework. Several countries, including Iran, Venezuela, North Korea, and Saudi Arabia but also Canada, give Libya positive marks for the legal protections afforded to its citizens -- who are now revolting against the regime and facing bloody reprisal. "

hmm sounds like fox news to me.

[FastTadpole]

Merged a few threads - Along with the Prediction that was almost dead on put forward by Nokturnal as the thread leader.

Here's another insight that may be peering into the future of the Middle-East

Quote:Is Arab Regime Change One Currency Plot?
The currencies of the Middle East will soon be one, according to leaders in the region.

The domino-like set of protest against governments across the Middle East and North Africa may be part of a larger cleansing of the region before a unified currency takes hold in the oil-producing states.

Talk of a single currency among the Gulf States modeled after the Euro has been bandied about for more than a decade. In Decemeber 2001, members of the Cooperation Council of Arab States of the Gulf (GCC) decided at a summit conference in Muscat to introduce a monetary union as of January 1, 2010, reports Credit Suisse. In 2008, Qatar’s Central Bank Governor, Shaikh Abdullah bin Saud al Thani, confirmed the plan was still on track with a due date for 2010.

“The US dollar has failed. We need to delink,” Nahed Taher, chief executive of Bahrain’s Gulf One Investment Bank, told The UK Telegraph in December 2009.

Because the tentatively-named “gulfo” would usurp the American dollar’s status as the reserve currency for oil transactions, concerns that some countries using the new monetary system who are inhospitable to Western interests in the region, or whose aging dictators might give way to a regime that would, put the plans on hold until a solution could be offered that would placate those worries.

   
Four basic currencies exist in the Middle East, although they are unique for each country.

Bahrain’s foreign minister, Khalid Bin Ahmad Al Kalifa, noted that other basic barriers to trade and capital flows based on those political divisions would have to be broken down first for the project to work.

Another concern is that the new currency would be dominated by Saudi Arabia, setting monetary policy would set for Riyadh’s needs and making smaller countries feel more like satellites.

“The single currency should come last. We need to coordinate our economic policies and build up common infrastructure as a first step,” The UK Telegraph quoted him as saying.

In a major breakthrough that year, the GCC also agreed to create a joint military strike force – similar to the EU’s rapid reaction force – to tackle threats such as the incursion of Yemeni Shiite rebels into Saudi territory earlier that year.

That agreement conjures the possibility of a war between unified Sunni Gulf states against Shiite Iran, which is reportedly still after a nuclear weapons arsenal. However, members of the GCC all agreed that “any military action against Iran” by Western powers would be unacceptable.

There is a logic to an Arab currency. The region speaks one language, has the unifying creed of “Umma Wahida” or One Nation from the Koran, and has not torn itself apart in savage wars – ever – in quite the way that Europe has in living memory.

Longer-term plans include the Gulfo being part of a larger basket of currencies that include the Euro, Japanese Yen, Chinese Yuan and gold which would become the reserve currency of the world.

http://digg.com/news/world_news/is_arab_...rency_plot
http://www.therightperspective.org/2011/...ency-plot/

Umma Wahida... it even has a theme song in English (and really awful to boot)? Well ok - it's basically an ad social networking plug but still part of the media matrix to unite a bunch of Arab countries. The other one being united in hatred against Israel and the United States.

Interesting enough this Umma Wahida Movement was attempted in the 1930s in the opposition to sweeping fascist regimes. In the 1920s and 1930s progressive socialists and Marxist communists were proud to be kissing cousins here in the west, and even in Europe to a degree.

Google Books:
Confronting fascism in Egypt: dictatorship versus democracy in the 1930s
By I. Gershoni, James P. Jankowski
http://books.google.ca/books?id=Aukt0sWD...22&f=false

[FastTadpole]

Good to get the Libyan news straight up rather than be fed the filtered second hand news and interpretations.

International Banking is explored in this video. But it's also about oil, water, land, uniting Arab nations and that's touched upon a bit.

Quote:WHY THE ROTHSCHILDS WANT TO FINISH GADDAFI & LIBYA (THE IMF)





Do You believe Reuters BS propaganda we've been fed for 3 months that "Libya has 'NO DEMOCRACY?"

ELOQUENT FACTS OF THE SOCIALIST LIBYA:

* GDP per capita - $ 14,192.
* Unemployment benefit - $ 730.
* Each family member subsidized by the state gets annually $ 1.000
* Salary for nurses - $ 1.000.
* For every newborn is paid $ 7.000.
* The bride and groom receive a $ 64 thousand to purchase flats.
* Major taxes and levies prohibited.
* To open a personal business a one-time financial assistance of $ 20.000
* Education and medicine are free.
* Educ.Internships abroad - at government expense.
* Stores for large families with symbolic prices for basic foodstuffs.
* Part of pharmacies - with free dispensing.
* Loans for buying a car and an apartment - no interest.
* Real estate services are prohibited.,
* Buying a car up to 50% paid by the State.
* No Payment for electricity for the population.
* Sales and use of alcohol is prohibited.
* Petrol is cheaper than water. 1 liter of gasoline - $ 0.14.

http://www.youtube.com/watch?v=U-CD7D9urJ8

Socialism seems to work there (at least better than external predatory capitalism has) as it does in Venezuela under Chavez. No one system works anywhere.