Tag Archives: Libya

Realpolitik 201, by Richard K. Moore

Realpolitik 201 by Richard K. Moore

The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. —President Abraham Lincoln, before his assassination by Rothschilds’ agents

The real rulers in Washington are invisible and exercise power from behind the scenes. —Felix Frankfurter, United States Supreme Court Justice, 1952

Of course there is a class war, but it’s my class, the rich class, that is waging the war, and we’re winning. —Warren Buffet

There is something behind the throne greater than the King. —William Pitt, 1770

What is not already obvious here? —A Plebeian

Greetings,

In Course 101, we examined the work of some thorough and reliable researchers, giving us a basic picture of who is guiding world events, how they exercise their power, and what their basic agenda is. In 201, we will be looking at how to make use of this basic information, and we’ll look at some examples, re/ interpreting ongoing events.

But first, let’s summarize a few key points about the bankster elite, using a few quotations from our sources.

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…the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrive at infrequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements [BIS] in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

In the years before and during WW1, the Secret Elite took control of virtually the entire banking, industrial and armaments might of the British Empire and the United States… Namely, J. P. Morgan, J.D. Rockefeller, Jacob Schiff and Paul Warburg in the US, and Lord Nathaniel Rothschild in England

They controlled the press, the politicians and more importantly perhaps, they controlled the Federal Reserve System and the Bank of England. Professor Quigley clearly explains and details their ‘triple front penetration’ of politics, the press and education. Virtually every major geopolitical event over the last century stems from this tiny, all-powerful clique.

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The first thing one needs to do, to make use of this kind of information, is to contemplate a bit on what it implies, and on how it relates to what’s going on in the world today. One observation that emerges from such a contemplation is that we seem now to be in the endgame of the installation of the ‘feudalist’ system envisioned by the banksters, back in their early planning days…

By acting in concert and in secret, in alliance with associated financial institutions, the central banksters orchestrated the banking system collapse of 2008. By their control of politicians, they then achieved a transfer of insolvency from banks to national treasuries (the bailouts), creating an economic regime of unrepayable sovereign debt, a trap that will soon also ensnare the USA, Germany, and the rest. The banksters are then using this debt-enslavement to impose an austerity regime that is reducing Western populations to the level of feudal serfs, disempowered both economically and politically.

The feudal model applies quite closely to what is happening. As nations are forced to sell off all their assets (universal privatization), in a hopeless attempt to escape from insolvency, a situation is created where all land and resources will be owned by corporations, and ultimately controlled by the banksters, just as in feudal days all was owned by the lords of manors, and ultimately controlled by the crown.

The main difference seems to be that the bankster regime will be more centralized than the feudal system was. With modern communications and technology, there is no need for subsidiary lords and nobles, with their own semi-automous realms, to provide a stable political platform for the royal realm. In the bankster regime, it is more like all estates will be owned directly by the crown, with centrally-appointed estate-manager technocrats enforcing central directives locally. Exactly as we see unfolding now, most clearly in Greece, Italy, Spain, and Ireland, where Goldman Sachs, co-orchestrator of the collapse, is providing some of the estate-manager staff.

It seems that we have a very good fit, between design and outcomes – the bankster clique is evidently still very much in charge, on course, and in the endgame of installing their long-sought neo-feudal world order.

I emphasized that paragraph, because it is the central thing to keep always in mind when seeking to interpret the meaning of unfolding events. In particular, it is important to contemplate on what it means to be in an endgame scenario.

When you begin making your bold endgame moves, pushing toward a forced checkmate, you must have a combination worked out, so that you prevail against all available lines of defense. Otherwise your bold moves may open you up to a decisive counter-attack and rout. And quite clearly, the bankster clique has demonstrated over the years its proficiency, and thoroughness, as regards chess-like great games. If we are in the endgame, then we can be sure they have preparations in place to deal with all aspects of the transition to the new regime, taking into account alternatives available to other players in the game.

One of those players is us 99%, who might be expected to rebel, in one way or another, as we see our society being destroyed, and as the perpetrators become more and more visible, as they reveal their endgame moves. Their preparations to deal with us are very clear: the ‘anti-terrorist’ no-civil-rights legal regime, militarized and federalized police forces, and crowd-control protocols based on suppression by any means necessary. All of this facilitated by false-flag events that created the excuse. Ducks carefully arranged in a row, prior to endgame moves.

Russia and China are the players, at the geopolitical level, who have alternatives available that can effect the nature of the endgame. They are also players with an impressive centuries-long track record with chess-like engagements. They know very well the nature of the endgame they find themselves in, and they want desperately to force a multi-polar draw, and prevent a unipolar checkmate.

The bankster elite, however, have demonstrated over the years singleness of purpose, and a total unwillingness to accept anything as an outcome other than complete, unchallenged, unshared power. A multi-polar outcome is not on the table for consideration, in their endgame plans. If Russia and China will not capitulate, the regime will be forced upon their territory by whatever means necessary, based on the preparations that have been made.

Among those preparations is a first-strike nuclear capability, with US bases and missle-defense systems surrounding Russia and China, with tactical nuclear weapons widely deployed, under the control of local commanders, and with electronic satellite-based systems that can critically disable the communication and defense systems of adversaries.

In order to interpret unfolding events, one needs to be aware, at a visceral level, that we are in the midst of a dynamic transition process, involving the rapid demolition of an old order, and the rapid creation of a new order, all being carried out according to a carefully designed game plan. With this awareness, the mainstream media can be very helpful in tracking the ongoing moves of the endgame. For the mainstream media has a very predictable way of covering key moves in the game, key shifts in the board positions.

For a start, such moves are always given front page attention, as leading news items. Always with these moves some old-system taboo is being violated, and some new-system principle is being put in place as a justification. The function of the media is to dismiss the taboo as out-of-date thinking, and embrace the necessity and wisdom of the new principle, despite unfortunate side-effects that cannot, unfortunately be avoided.

Thus torture becomes acceptable, along with unprovoked invasions, drone strikes on the civilians of allies, targeted killings of your own citizens, supplying arms to active Al Qaeda terrorists, and the list goes on. By following the headlines associated with dramatic incidents, and reading the propaganda copy, you can track the step-by-step demolition of the old order, and the systematic construction of the new system architecture.

This applies to all aspects of society, not just to geopolitical events. Wherever you see dramatic precedents being set, in leading news stories, you are probably seeing signs of what is being abandoned, and what is being planned for the future. The example that comes most quickly to mind is the celebrated swine flu ‘pandemic’, which was carried on mainstream media for many months, and which led to the setting of several important precedents.

Not only was the definition of pandemic given a nonsense redefinition, but a regime was set up where the bankster-controlled WHO can decree a pandemic on the flimsiest of excuses, and can designate which vaccines must be used in treating it, with no accountability as regards testing, and with no liability being assumed for any ‘side effects’. In addition there was an intense and ongoing worldwide propaganda campaign about the value and necessity of getting vaccinated.

And there were clearly steps being taken toward creating a forced-vaccination regime, beginning with health workers all over the world as a test population. If total control over the global population is the goal, then the ability to inject arbitrary substances at any time into the bodies of any segment of the population is certainly a very powerful tool to have in your toolkit, whether it be to narcotize, hype-up, temporarily disable, or eliminate altogether.

And this ends Course 201, of the Realpolitik series. If some of you want to try your hand at interpretation, by delving into some dramatic media story line, we can perhaps continue with a seminar series. Your analysis is just as important as your conclusions, as regards any seminar contribution. What we’re after is an understanding of why a given precedent is relevant to the new regime, and what that indicates about the nature of the new regime.

rkm

Richard K. Moore is a political analyst and author of Escaping the Matrix

Americas failed policies and destruction of the middle class

Paul Craig Roberts is a former Assistant Treasury Secretary. He is a knowledgeable and astute observer of geopolitics and the domestic and global economies. In the following article which appears in Counterpuch, he describes quite clearly, and I think accurately, the present situation and the prospects for America. It’s well worth reading in its entirety.–t.h.g.

American Freefall

by PAUL CRAIG ROBERTS

Washington has been at war since October, 2001. This war took a back seat when Bush concocted another excuse to order the invasion of Iraq in 2003, a war that went on without significant success for 8 years and has left Iraq in chaos with dozens more killed and wounded every day, a new strong man in place of the illegally executed former strongman, and the likelihood of the ongoing violence becoming civil war.

Upon his election, President Obama foolishly sent more troops to Afghanistan and renewed the intensity of that war, now in its eleventh year, to no successful effect.

These two wars have been expensive. According to estimates by Joseph Stiglitz and Linda Bilmes, when all costs are counted the Iraq invasion cost US taxpayers $3 trillion dollars. Ditto for the Afghan war. In other words, the two gratuitous wars doubled the US public debt. This is the reason there is no money for Social Security, Medicare, Medicaid, food stamps, the environment, and the social safety net.

Americans got nothing out of the wars, but as the war debt will never be paid off, US citizens and their descendants will have to pay interest on $6,000 billion of war debt in perpetuity.

Not content with these wars, the Bush/Obama regime is conducting military operations in violation of international law in Pakistan, Yemen, and Africa, organized the overthrow by armed conflict of the government in Libya, is currently working to overthrow the Syrian government, and continues to marshall military forces against Iran.

Finding the Muslim adversaries insufficient for its energies and budget, Washington has encircled Russia with military bases and has begun the encirclement of China. Washington has announced that the bulk of its naval forces will be shifted to the Pacific over the next few years, and Washington is working to reestablish its naval base in the Philippines, construct a new one on a South Korean island, acquire a naval base in Viet Nam, and air and troop bases elsewhere in Asia.

In Thailand Washington is attempting to purchase with the usual bribes an air base used in the Vietnam war. There is opposition as the country does not wish to be drawn into Washington’ s orchestrated conflict with China. Downplaying the real reason for the airbase, Washington, according to Thai newspapers, told the Thai government that the base was needed for “humanitarian missions.” This didn’t fly, so Washington had NASA ask for the air base in order to conduct “weather experiments.” Whether this ruse is sufficient cover remains to be seen.

US Marines have been sent to Australia and elsewhere in Asia. To corral China and Russia (and Iran) is a massive undertaking for a country that is financially busted. With wars and bankster bailouts, Bush and Obama have doubled the US national debt while failing to address the disintegration of the US economy and rising hardships of US citizens.

The annual US budget deficit is adding to the accumulated debt at about $1.5 trillion per year with no prospect of declining. The financial system is broken and requires ongoing bailouts. The economy is busted and has been unable to create high-paying jobs, indeed any jobs. Despite years of population growth, payroll employment as of mid-2012 is the same as in 2005 and substantially below 2008. Yet, the government and financial presstitute media tell us that we have a recovery.

According to the US Bureau of Labor Statistics, employment in 2011 was only 1 million more than in 2002. As it takes about 150,000 new jobs each month to stay even with population growth, that leaves a decade long job deficit of 15 million jobs.

The US unemployment and inflation rates are far higher than reported. In previous columns I have explained, based on statistician John Williams’ work (shadowstats.com), the reasons that the government’s headline numbers are serious understatements. The headline (U3) unemployment rate of 8.2% counts no discouraged workers who have given up on finding a job. The government has a second unemployment rate (U6), seldom reported, which includes short-term discouraged workers. That rate is 15%. When the long-term discouraged workers are added in, the current US unemployment rate is 22%, a number closer to the unemployment rate of the Great Depression than to the unemployment rates of postwar recessions.

Changes in the way inflation is measured have destroyed the Consumer Price Index (CPI) as a measure of the cost of living. The new methodology is substitution based. If the price of an item in the index rises, a lower priced alternative takes its place. In addition, some price rises are labeled quality improvements whether they are or not and thus do not show up in the CPI. People still have to pay the higher price, but it is not counted as inflation.

Currently, the substitution-based rate of inflation is about 2%. However, when inflation is measured as the actual cost of living, the rate of inflation is 5%.

The Misery Index is the sum of the inflation and unemployment rates. The level of the current Misery Index depends on whether the new rigged measures are used, which understate the misery, or the former methodology that accurately measures it. Prior to the November 1980 election, the Misery Index hit 22%, which was one reason for Reagan’s victory over President Carter. Today if we use previous methodology, the Misery Index stands at 27%. But if we use the new rigged methodology, the Misery Index is 10%.

The understatement of inflation serves to boost Gross Domestic Product (GDP). GDP is calculated in current dollars. To be able to determine whether GDP rose because of price rises or because of increases in real output, GDP is deflated by the CPI. The higher the inflation rate, the less the growth in real output and vice versa. When the substitution based methodology is used to measure inflation, the US economy experienced real growth in the 21st century except for the sharp dip during 2008-2010.

However, if the cost-of-living based methodology is used, except for a short period during 2004, the US economy has experienced no real growth since 2000. The lack of employment and real GDP growth go together with the decline in real household median income. The growth in consumer debt substituted for the lack of income growth and kept the economy going until consumers exhausted their ability to take on more debt. With the consumer dead in the water, the outlook for economic recovery is poor.

Politicians and the Federal Reserve are making the outlook even worse. At a time of high unemployment and debt-stressed households, politicians at local, state, and federal levels are cutting back on government provision of health care, pensions, food stamps, housing subsidies and every other element of the social safety net. These cutbacks, of course, further reduce aggregate demand and the ability of income stressed Americans to survive.

The Federal Reserve has interest rates so low that retirees and others living on their savings can earn nothing on their money. The interest rates paid on bank CDs and government and corporate bonds are lower than the rate of inflation. To live on interest income, a person has to purchase Greek, Spanish, or Italian bonds and run the risk of capital loss. The Federal Reserve’s policy of negative interest rates forces retirees to spend down their capital in order to live. In other words, the Fed’s policy is destroying personal savings as people are forced to spend their capital in order to cover living expenses.

In June the Federal Reserve announced that it was going to continue its policy of driving nominal interest rates even lower, this time focusing on long-term Treasury bonds. The Fed said it would be purchasing $400 billion of the Treasury’s 30-year bonds. Driving interest rates down means driving bond prices up. With 5-year Treasury bonds paying only seven-tenths of one percent and 10-year Treasuries paying only 1.6%, below even the official rate of inflation, Americans desperate for yield move into 30-year bonds currently paying 2.7%. However, the the high bond prices mean that the risk of capital loss is very high.

The Fed’s debt monetization, or a drop in the exchange value of the dollar as other countries move away from its use to settle their balance of payments, could set off inflation that would take interest rates out of the Fed’s control. As interest rates rise, bond prices fall.

In other words, bonds are now the bubble that real estate, stocks, and derivatives were. When this bubble pops, Americans will take another big hit to their remaining wealth.

It makes no sense to invest in long-term bonds at negative interest rates when the federal government is piling up debt that the Federal Reserve is monetizing and when other countries are moving away from the flood of dollars. The potential for a rising rate of inflation is high from debt monetization and from a drop in the dollar’s exchange value. Yet, bond fund portfolio managers have to follow the herd into longer term maturities or see their performance relative to their peers drop to the bottom of the rankings.

Some individual investors and foreign central banks, anticipating the dollar’s loss of value, are accumulating gold and silver bullion. Realizing the danger to the dollar and its policy from the rapid rise in the price of bullion during 2011, the Federal Reserve has arranged offsetting action. When the demand for physical bullion drives up the price, short sales of bullion in the paper market are used to drive the price back down. Similarly, when investors begin to flee Treasuries, thus causing interest rates to rise, J.P. Morgan and other dependencies of the Federal Reserve sell interest-rate swaps, thus offsetting the effect on interest rates of the bond sales. (Keep in mind that interest rates rise when bond prices fall and vice versa.)

The point of all this information is to establish that except for the 1 percent, the incomes and wealth of Americans are being cut back across the board. From 2002 through 2011 the economy lost 3.5 million manufacturing jobs. These jobs were replaced with lowerpaying waitress and bartender jobs (1,189,000), ambulatory health care service jobs (1,512,000) and social assistance jobs (578,000).

These replacement jobs in domestic services mean that on a net basis US consumer income was moved out of the country. Potential aggregate demand in the US dropped by the differences in pay in the job categories. Clearly and unambiguously, jobs offshoring lowered US disposable income and US GDP and, thereby, employment.

Despite the lack of an economic base, Washington’s hegemonic aspirations continue unabated. Other countries are amused at Washington’s unawareness. Russia, China, India, Brazil, and South Africa are forming an agreement to abandon the US dollar as the currency for international settlement between themselves.

On July 4 the China Daily reported: “Japanese politicians and prominent academics from China and Japan urged Tokyo on Tuesday to abandon its outdated foreign policy of leaning on the West and accept China as a key partner as important as the United States. The Tokyo Consensus, a joint statement issued at the end of the Beijing-Tokyo Forum, also called on both countries to expand trade and promote a free-trade agreement for China, Japan and South Korea. “

This means that Japan is in play.

The Chinese government, more intelligent than Washington, is responding to Washington’s military threats by enticing away Washington’s two key Asian allies. As the Chinese economy is now as large as the US and on far firmer footing, and as Japan now has more trade with China than with the US, the enticement is appealing.

Moreover, China is next door, and Washington is distant and drowning in its hubris. Washington, which flicked its middle finger to international law and to its own law and Constitution with its arrogance and gratuitous and illegal wars and with its assertion of the right to murder its own citizens and those of its allies, such as Pakistan, has made the United States a pariah state.

Washington still controls its bought-and-paid-for NATO puppets, but these puppet states are overwhelmed with derivative debt problems brought to them by Wall Street and by sovereign debt problems, some of which were covered up by Wall Street’s Goldman Sachs.

Europe is on the ropes and has no money with which to subsidize Washington’s wars of hegemony.

Washington is becoming an isolated and despised element of the world community. Washington has purchased Europe, Canada, Australia, the former Soviet state of Georgia (and almost Ukraine), and Columbia, and continues its effort to purchase the entire world, but sentiment is turning against the rising Gestapo state that has shown itself to be lawless, ruthless, and indifferent, even hostile, to human life and human rights.

A government, whose military was unable with the help of the UK to occupy Iraq after eight years and was forced to end the conflict by putting the “insurgents” on the US military payroll and to pay them to stop killing American troops, and a government whose military has been unable to subdue a few thousand lightly armed Taliban after 11 years, is over the top when it organizes war against Iran, Russia, and China.

The only prospect Washington has of prevailing in such an undertaking is first use of nuclear weapons, of catching its demonized opponents off guard by nuking them out of the blue. In other words, by the elimination of life on earth.

Is this Washington’s program revealed by the neoconservative warmonger, Bill Kristol, who had no shame to ask publicly: “What’s the good of nuclear weapons if you can’t use them?

PAUL CRAIG ROBERTS was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury.  He is the author of HOW THE ECONOMY WAS LOST, published by CounterPunch/AK Press. Dr. Roberts’ latest book is Economies in Collapse: The Failure of Globalism, published in Europe, June, 2012.He can be reached through his website.

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Did Libya’s Gadhafi Threaten the Global Power Structure?-Part 2

Here’s another report from RT television about the reasons for the NATO invasion of Libya and the overthrow of the Gadhafi government.

Did Libya’s Gadhafi Threaten the Global Power Structure?

From the beginning of the NATO offensive against the Gadhafi regime in Libya, there has been a lot of buzz about the real reasons behind the Western powers’ agenda for regime change. This article from the New American sketches a plausible explanation. It may have had more to do with Gadhafi’s new money plan than it did about Libya’s oil riches.—t.h.g.

Gadhafi’s Gold-money Plan Would Have Devastated Dollar

Written by Alex Newman

Friday, 11 November 2011 10:15

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.

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What IS the truth about Libya?

There are a lot of things about the turmoil in the Middle-east and the current assault on Libya that don’t quite add up. Here is one version of the truth that seems plausible. We’re all aware by now of the competition amongst the major power to secure oil supplies, and that oil is the primary reason behind the American war against Iraq.

Could it be that the burgeoning growth of Islamic finance has something to do with the policies of the Western powers in the Arab and Islamic world? Based as it is on funding without interest/usury (riba), true Islamic finance  is bound to eventually threaten the power of the banking establishment. –t.h.g.

The Truth About Libya

By Stephen Goodson 4-1-11

Colonel Muammar Gadaffi is frequently referred to in the media as a “mad dictator” and “bloody tyrant”, but do these allegations accord with the facts?

Libya consists of over 15O tribes, with the two main groups, the Meghabra living in Tripolitania in the west and the Wafallah living in Cyrenaica in the east. Previous attempts to unite these tribes by the Turkish (1855-1911) and ltalian {1911-43) colonial rulers failed and the country was split in two for administrative purposes.

Oil was discovered in Libya in 1959, but King ldris of the Senussi tribe allowed most of the oil profits to be siphoned into the coffers of the oil companies. The coup d’etat on 1 September 1969 led by Colonel Gadaffi had countrywide support. He subsequently married a woman from the royal Barqa tribe and adroitly unified the nation.

By retaining Libya’s oil wealth for the benefit of all its people, Gadaffi had created a socialist paradise. There is no unemployment, Libya has the highest GDP in .Africa, less than 5% of the population is classified as poor and it has fewer people living below the poverty datum line than for example in Holland. Life expectancy is 75 years and is the highest in Africa and I0% above the world average.

With the exception of the nomadic Bedouin and Tuareg tribes, most Libyan families possess a house and a car. There is free health care and education and not surprisingly Libya has a literacy rate of 82%. Last year Gadaffi distributed $500 to each man, woman and child (population 6.5 million).

Libya has a tolerable human rights record and stands at 61 on the International Incarceration Index, comparable with countries in central Europe (the lower the rating, the lower the standing – the USA occupies the no.1 spot!). There is hardly any crime and only rebels and traitors are dealt with harshly.

Anyone who has read Gadaffi’s little Green Book will realize that he is a thoughtful and enlightened leader. Libya has been accused of having committed numerous acts of terrorism in the past, but many of these have been perpetrated by foreign intelligence agencies as false flag operations – the Lockerbie bombing being a prime example.

The CIA and MI6 and their frontmen have been stoking up dissent in the east of the country for almost 30 years. Libya produces exceptionally high quality light crude oil and its production cost of $1 a barrel, compared to the current price of $115, is the lowest in the world.

Riba (usury) is not permitted. The Central bank of Libya is a wholly-owned by the Libyan Government and is run as a state bank, issuing all government loans free of interest. This is in contrast to the exploitative fractional reserve banking system of the West. The no-fly zone and the bombing of Libya have nothing to do with the protection of civilians. It is an act of war ­ a blatant and crude attempt by the oil corporations and international bankers to steal the wealth of Libya.

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