A lot has been happening in Libya: The overthrow of Gadhafi, western nations enforcing a no fly zone, and disgruntled rebels taking over the country city by city - And now, just recently, the creation of a new Central Bank.
So what exactly does all of this mean for Libya? Well, I think things have gotten worse. You see, although Gadhafi was killing those who protested against him that happens all over the world. It is really nothing new to have protestors violently killed - I mean there was the Tiananmen Square massacre in mainland China twenty years ago.
Up to 800 were killed in a single day. Granted, that did happen more than twenty years ago, but still, the west turned a blind eye. In Syria and Yemen, similar killings are happening, but we aren't invading them. And then there is this new Central Bank of Libya! The interesting thing about the new Central Bank is that this one has been privatized. The media does put a good spin on it, though: "The new central bank will be owned by the people, not the leaders." This basically means that a few rich men in the country will have control of money production, interest rates, and the economy in general.
To add to all of the bad things that have happened in Libya, oil from this nation is now going straight to big oil companies. I find this interesting, because as much of a oppressive dictator Gadhafi was, he wanted to kick out the big oil companies and keep Libya's oil in Libya! This translates into Libya having to export her oil and import lower quality oil from another country, just like what we have in Canada.
So, now I ask you, the reader, this question: What good came out of our almost-completed intervention in Libya? Well; we installed a Central Bank which will effectively remove power from the Libyan government and give to the CEO; we have taken their oil from them and given it to the big oil companies (another action benefiting a few rich people), and we have destroyed much of their military in doing so. Please, share your thoughts.thethoughtjar.blogspot.com
The west has forced democracy into an oil - rich country once again.More writings on the same topic. Open the source by clicking on the title to view imbedded links.AMERICA'S TRUE REASON FOR ATTACKING LIBYA BECOMES CLEAR WITH NEW CENTRAL BANKMarch 30th, 2011 11:28 am ET
Kenneth Schortgen Jr
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.
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.Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
The Economic CollapseMarch 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.
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.