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Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
11-05-2011, 02:45 PM,
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
Yes and free education and healthcare. Oh and dont forget the $50k USD interest-free loans for newly weds.
He WAS a hero and the rest is propaganda bullshit!
11-13-2011, 06:23 PM,
Gadhafi’s Gold-money Plan Would Have Devastated Dollar
Quote:It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.

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.

And it 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, in an interview with RT. “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 whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the 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.”

Adding credence to the theory about why Gadhafi had to be overthrown, as The New American reported in March, was the rebels’ odd decision to create a central bank to replace Gadhafi’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.”

The creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. “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.
What kills me makes me stronger !

No favor asked no quarter given !

Your sitting in your comfort you don't believe I'm real,
You cannot buy protection from the way that I feel.

11-26-2011, 01:54 AM,
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
Quote:16 Things Libya Will Never See Again
October 24, 2011

1. There was no electricity bill in Libya; electricity was free for all its citizens.
2. There was no interest on loans, banks in Libya were state-owned and loans given to all its citizens at zero percent interest by law.
... 3. Having a home was considered a human right in Libya.
4. All newlyweds in Libya used to receive $60,000 dinar (U.S.$50,000) by the government to buy their first apartment so to help start up the family.
5. Education and medical treatments were free in Libya. Before Gaddafi only 25 percent of Libyans were literate. Today, the figure is 83 percent.
6. If Libyans wanted to take up a farming career, they would have received farming land, a farming house, equipments, seeds and livestock to kickstart their farms... all for free.
7. If Libyans could not find the education or medical facilities they needed, the government funded them to go abroad. For it was not only paid for, but they got a U.S.$2,300/month for accommodation and car allowance.
8. If a Libyan bought a car, the government used to subsidize 50 percent of the price.
9. The price of petrol in Libya was $0.14 per liter.
10. Libya had no external debt and its reserves amounted to $150 billion -which are now frozen globally.
11. If a Libyan was unable to get employment after graduation, the state would pay the average salary of the profession, as if he or she was employed, until employment was found.
12. A portion of every Libyan oil sale was credited directly to the bank accounts of all Libyan citizens.
13. A mother who gave birth to a child received U.S. $5,000.
14. 40 loaves of bread in Libya used to cost $0.15.
15. 25 percent of Libyans have a university degree.
16. Gaddafi carried out the world's largest irrigation project, known as the Great Manmade River project, to make water readily available throughout the desert country.
~Michael Parenti

Photo from
There are no others, there is only us.
11-27-2011, 08:30 AM, (This post was last modified: 11-27-2011, 08:30 AM by nwo2012.)
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
I have heard before of many of the benefits Libyans enjoyed. Have you tried to find citations for this stuff, would love to post this with proof on other forums I'm a member on (non-tinfoil-hat wearing forums).
11-27-2011, 04:09 PM,
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
(11-27-2011, 08:30 AM)nwo2012 Wrote: I have heard before of many of the benefits Libyans enjoyed. Have you tried to find citations for this stuff, would love to post this with proof on other forums I'm a member on (non-tinfoil-hat wearing forums).

Good point. I was a bit wary this was a kind of play that this was demonstrating how a socialist government can do a decent job and try to segue that support to a socialist world government. Do make the pitch maybe some/all of the figures quoted are exaggerated. I'd also like to know what tax rates and structure in Libya were/are. That said, state/community owned oil makes good sense since it is a public resource -- pay some one for extraction and processing and pass the profits off to common projects (like a bridge or an irrigation system) where needed or directly to the people to have them decide how to allocate wealth.

I figured Parenti was a decent source so I quoted him, but maybe his account is a FB impersonator. I'll try to get a hold of him and you should too if you're vigilant in seeking to explore the integrity of the information.

I'm sure Gaddafi was no angel but he wasn't all devil either the way this partisan black and white media paints him. You gotta have some set to stand up to the UN/IMF, Bank Cartels, Resource Cartels, EU et al so credit for that at least.

I know I've posted this upthread but I'm highlighting it again, it's so worth a listen to put this in a bit more context.

Muammar Gaddafi Speech To United Nations [2009.09.23] [mp3-64kbps]
There are no others, there is only us.
03-20-2012, 07:04 PM,
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
Quote:'Libya in dead-end as NATO washes hands of civilian blood'

Uploaded by RussiaToday on 20 Mar 2012

Human rights groups say NATO has failed to investigate civilian deaths caused by its air strikes on Libya, last year. They're calling on the alliance to address the incidents and also pay compensation. NATO says it carried out its strikes with utmost care and precision.

A few sides of the story from various factions/interests:

NATO: All targets struck in Libya were military
Published: Mar 5, 2012 20:56 Updated: Mar 7, 2012 21:33 (scrubbed article) (reprinted - in part, from AP sources)

Amnesty: Nato must probe Libya civilian deaths
19 March 2012 Last updated at 12:17 ET

The forgotten victims of Libya's war
March 20 2012 at 10:12am By Dominique Soguel


Canada Defence Department Orders 1,300 Smart Bombs Destined for Libya Includes Plenty of Links
There are no others, there is only us.
03-20-2012, 11:49 PM,
RE: Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
Have you ever seen rebels being more than 500 people on any video?

Quote:HUGE PRO GADDAFI RALLY in Tripoli - Raw Footage

Uploaded by 108morris108 on 1 Jul 2011

Recorded from

Translation of Gaddafi's speech:

Translation of Gaddafi speech today, translation by Karim Budabuss:
The leader is talking now. He is saying that this is a historical day, and he is challenging Sarkozy, Cameron and Obama to switch on their TVs and watch the crowds and he is saying that they will find out that they are delusional because they entered a war which they never win, he also says if you continue targeting our houses we can do the same coz Europe is not far away but he said lets not do this and watch the crowds , kids and women. They are not here because i ordered them to, it is they are free will. in this war you are not facing me you are facing these crowds. I am nothing, if you want peace with Libyans, it is up to the crowds. If you want any thing , negotiate with the crowds. The regime is not Gaddafi regime, it is a Libyan regime . Even if many got scared, defected and escaped, the Libyans will remain, and each coward will be replaced with a hero. Is it a democracy to bomb the civilans, we don't want a democracy which comes with bombs. The socialist Jamahyria will win, the real democracy which serves the people. I advice you to stop bombing, and stop becoming merecenaries for some rebels. The Libyans said their words, they marched, their tribes made it clear that the future is for Libyans, the oil is for Libya, Libya is ours. You are delusional, a group of traitors convinced you that Libya is easy to get, you hired mercenaries , propaganda, sychological war all that didn't allow you to make any progress on the ground. Turn on ur TVs and watch the longest Libyan flag 4.5 km, I didn't make this flag, people donated to make this flag. Those rebels are no different from who betrayed Libyan during the Italian invasion. Libyan people go in millions without weapons to liberate the regions under rebel control. You Libyan people are the only one who can finish this war with a victory. If they want to negotiate we welcome that, otherwise we are continuing and they are definitely losing no matter how many weapons they drop with parachute to the rebels. We will not betrayed our history nor our children and their future. The glory is for you brave Libyans, the struggle will continue.

Translation from:
There are no others, there is only us.
11-24-2012, 06:30 AM,
Information  That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
In depth, interview with an independent reporter on the ground, Mahdi Nazemroaya, recounting his experience in Libya.

Quote:What Really Happened in Libya? - Mahdi Nazemroaya on GRTV (1/3)

Uploaded by corbettreport on 14 Sep 2011

This week GRTV talks to Mahdi Nazemroaya, a research associate of the Center for Research in Globalization who spent two months in Libya before escaping after the rebel siege of Tripoli. We discuss what really happened in Libya, including the war crimes perpetrated by NATO in support of the rebels, and how the media helped to enable those war crimes by covering up for the perpetrators.
Part 1/3:
Part 2/3:
Part 3/3:

GRTV Corbett Report PodCast RSS
There are no others, there is only us.

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