Gaddafi Planned Gold Dinar, Now Under Attack
Plans for attacking Muammar Gaddafi apparently go back some 20 years, and even US President Ronald Reagan tried to kill him, deeming him a threat to America power. The latest attacks are in keeping with the larger wave of aggression initiated by the Anglo-American power elite that is on to the next stage of its implementation of the "new world order."
This power elite, based mostly in the one-square mile City of London, is said to seek world domination if it can get it – and sooner rather than later in the face of a growing Internet Reformation.
But there may be another reason for the Libyan attacks that explain their timing. According to a Russia Today news story, for which I was interviewed (See – Real Cause for Gaddafi's Expulsion: Wanted Gold Currency?), Gaddafi was planning to introduce a gold dinar – "a single African currency made from gold, a true sharing of the wealth."
The idea, according to Gaddafi, was that African and Muslim nations would join together to create this new currency and would use it to purchase oil and other resources in exclusion of the dollar and other currencies. RT calls it "an idea that would shift the economic balance of the world."
It was not a democratic perspective in the sense that a country's wealth would revolve around gold and its population. But that's how modern money works. The current dollar reserve system benefits the US. In Gaddafi's case, as he held some 144 tons of gold against a fairly small population, a gold dinar would prove a most powerful currency.
When I was interviewed by RT, I said the following: "If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, 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. ... So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power."
There are many who believe Iraq's Saddam Hussein's overthrow by the US was sealed when he announced Iraqi oil would be traded in euros, not dollars. Sanctions and then a US invasion followed. Coincidence? Hussein's idea would have strengthened the euro, but Gaddafi's idea would have strengthened all of Africa in the opinion of hard-money economists. Gold is the ultimate honest money and the peg against which all other fiat currencies are ultimately devalued.
Pricing oil in something other than the dollar would attack the basis of US power in the world. The dollar is the reserve currency based on a deal made with the Saudis back in 1971 in which the Saudis as the world's largest oil producer agreed to accept only dollars for oil. RT concludes: "A change in this policy its NATO allies literally could not afford to let that happen."
The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence. Perhaps that is what the hurry is in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.
Posted by LMark on 01/14/12 09:44 PM
You obveously have the ability to accurately assess situations, but are you astute. ;)
... by silver!!
WHY SILVER WILL OUTPERFORM GOLD 400% - By Franklin Sanders:
Click to view link
Posted by Bobby7 on 01/14/12 02:08 PM
If the City of London is controlling things in the world, shouldn't we all be buying Sterling & getting rid of our dollars & Euros?
Posted by Washington1776 on 10/23/11 09:07 PM
Bill Still is an plain and simply and idiot... very deluded... his proposal is that we should take the power to create money-out-of-nothing away from big, bad bankers and turn it over to nice, trustworthy politicians.
Here is an expose on his deluded ideology... and foolish solutions.
Click to view link
Posted by Charis on 08/25/11 03:36 AM
The rebel assault on Tripoli Sunday, which overthrew Libyan strongman Gadhafi, could soon lead to lower gas costs in the U.S. and abroad.Confusion remains, however, as to the extent of the rebel victory. Related article I read entitled: [a title="Gadhafi's ousting could translate to lower gas prices" href="Click to view link"]Gadhafi's removal could translate to lower gasoline prices[/a] . The need to control the situation for good economic effect.
Posted by robertsgt40 on 05/13/11 10:46 AM
Reader-you have a misconception of history. Do you really thing all the "uprisings" is the ME are spontaneous? I suggest you study-up on banking history/fractional resrve banking/wars and Rothschilds. There is a connection.
Posted by 4irw4y on 05/06/11 03:00 PM
Anthony Wile - "The idea, according to Gaddafi, was... ...to purchase oil and other resources in exclusion of the dollar and other currencies" -
It was in the air for a long time, see DB w/o userpics. The concurrence is obviously intensed to some extent so that one can guess the bulldogs' muscles under the carpet.
Still, some of the Russians are not against voting for Harry as a tsar - and here is a kind of a video which possibly contains some sub-audio and sub-pixel rendering (-: wel, suddenly this -- Click to view link
Posted by Reader on 05/06/11 08:06 AM
I find it hard to believe any idea or monetary proposal from one Mr. Gaddafi would be taken as a serious threat by the PE or the west.
I suspect the Egyptian uprising simply panicked the west, especially France, into making a rash decision to go to war. etc.
Posted by memehunter on 05/06/11 02:24 AM
To quote a specific passage (this is truly astonishing):
"The study, published in the journal Science, examined how rising temperatures affected the annual crop yields of all major producer nations between 1980 and 2008. Computer models were used to show how much grain would have been harvested in the absence of warming. Overall, yields have been rising over the last decades and the models took this into account. The scientists found that global wheat production was 33m tonnes (5.5%) lower than it would have been without warming and maize production was 23m tonnes (3.8%) lower."
So, yields have been rising overall, but computer models can be used to show that they did not increase as much as they would have in the absence of global warming.
Peer-reviewed or not, I cannot see how a computer-model used to explore a hypothetical scenario can constitute tangible evidence. But I am sure that the complexity and sheer brilliance of the model and the statistical analysis necessary to produce it were sufficient to warrant publication in Science...
Posted by memehunter on 05/06/11 01:23 AM
Unrelated to the topic of this article, but I think I found a true gem:
Click to view link
"Food prices driven up by global warming, study shows"
It is really a tour de force in "memeology" (yes, I made this up):
- Global warming linked to rising food prices
- Need for genetically engineered crops
And, for James Jaeger and other "peer-review fundamentalists": the original study was published in Science, one of the most prestigious peer-reviewed scientific journals in the world.
At least this time, I see that many commenters on the Guardian are openly skeptical, peer-reviewed research or not. This is refreshing. Honestly, I think that the elites are going too far this time - even the average reader knows that global warming is not the main driver of rising food prices...
Reply from The Daily Bell
Great meme hunting. We would only add that we have predicted this meme in past articles, pointing out that the global warming meme was SUPPOSED TO GIVE RISE to the water and food scarcity meme. The trouble was that the global warming collapsed with the release of certain emails showing that global warming was a manipulated fraud.
Of course these promotions are planned years and decades in advance and cannot simply be turned off. Thus for the past two years, we have had articles and statements about water and food scarcity - but no rationale for them. They have merely been asserted, not justified. It has been kind of funny to watch in a grim way.
But now, surely, the elites are making a new attempt to bring the global warming meme back on line. They HAVE to do so because the food and water scarcity memes are making little progress without the larger fear-based justification.
The UN for instance cannot be galvanized into more totalitarian action without such justification. Just asserting that food and water are "suddenly" in scarce supply does not justify the further leveraging of UN authoritarianism. You cannot bring together hundreds of countries based on disparate scarcities. You need a PROMOTIONAL THEME.
Global warming was supposed to provide this theme. The pressure was supposed to be ratcheted up with increasingly shrill declarations that billions were about to starve to death or die of thirst because of global warming.
There would be other ramifications of course, but it all hinged on global warming (now climate change). You may have identified the first shot in a renewed effort to bring the meme back to life. They always use phony scientific evidence to begin with and then gradually use the fraudulent "authoritative" evidence to generate white papers, articles and finally legislative action.
Time - and good observation such as you are practicing - will tell ...
Posted by Wayne on 05/05/11 11:25 PM
"There is a similarity there. Both Saddam and Gaddafi were buddies with the back channels of DC, up till their fateful day"
It's always the same story. As long as you do exactly what I want, we are tight. If you deviate, splat! All Empires do it the same way.
Remember the Shaw of Iran, and Noriega? Or Nicholas, the Czar of Russia?
Posted by speedygonzales on 05/05/11 04:43 PM
Posted by decentx on 05/05/11 03:43 PM
Well, it is not so much that gold is honest. It's just that Libya does not have a foreign investment (control) in their gold either via a plutocratic banking system or a gold mining rights/industry held by the global elites.
Be vary careful as to give gold the honesty stamp, as the British Empire used it against the fledgling republic that was to become the USA. Please note that the global elite have in the past squeezed the coffers of Americans whenever it was useful to coerce the US government.
It is whoever holds the rare metal in question which can make the difference. Please note the in the late 19th century Americans wanted to get rid of full dependence on gold by vying for a silver alternative (nice documentary):
Click to view link Bill Still, (1:56:25).
Posted by Dave Jr on 05/05/11 02:38 PM
There is a similarity there. Both Saddam and Gaddafi were buddies with the back channels of DC, up till their fateful day.
Posted by memehunter on 05/05/11 02:17 PM
I have said a few times already that one obvious reason why one could predict that Libya, Syria, and Iran would become targets is that they are among the very few remaining countries that do not have a foreign- (mostly synonymous with Rothschild-) controlled central bank. This is not the case anymore with Libya. The last two countries which have seen the establishment of foreign-controlled central banks? Why, Irak and Afghanistan, of course...
Posted by Don on 05/05/11 11:33 AM
FWIW, this data arguably suggests that Anglo-American PE directly influence about 55% of the global economy.
"The traded foreign exchange market is the big enchilada. It is the largest financial market in the world. The Bank for International Settlements estimates that the daily turnover in this market, including swaps, futures and spot purchases, is $4 trillion as of April 2010. This turnover increased more than 20% in the last 3 years. Trading is concentrated in London, accounting for 36.7%, while the New York share of the market is around 18%."
Click to view link
Reply from The Daily Bell
Very good information! This is why they are worried about failing PIGS - because they do not control the entire market.
Posted by philitarian on 05/05/11 10:52 AM
I've been waiting for you elves to publish this article, because at my place of work (mail center) I received an interesting intelligence brief confirming the gold reality of the situation in Libya. Why yes I did make a firing-able offense of copying and now I'll share a little of it:
"Gold In Them Thar Dunes
But there is one asset that remains beyond reach. Gaddafi's actual gold. The International Monetary Fund estimates that the Central Bank of Libya holds 143.8tons of gold, worth about $6.5billion.
To raise more manageable cash, Gaddafi would need to sell the gold, and to somehow get it out of Libya. It had been stored at the central bank in Tripoli, but could have been moved south, maybe to Sehba, for safety and proximity to Chad or Niger.
Of course, any central bank can simply print money - there is nothing to stop Gaddafi from just printing what he needs to pay his mercenaries. But that would cause inflation, says the economist. So what? The country is already in flames and devaluing the monetary system would cause economic mayhem for the rebels. In reality, however, a currency backed 100 percent by gold bullion would be the most stable currency in today's world.
Regardless of how the war plays or Gaddafi pays, it is a safe bet that he can keep a large army funded in the field for a relatively long time."
-Excerpt from GlobalSource Quarterly Intelligence Brief, April 15, 2011
I seriously cannot praise the DB enough for helping me to open my eyes. Thanks elves.
Posted by rossbcan on 05/05/11 10:45 AM
According to Ghadaffi's "little green book":
Click to view link
4. 'Mandatory education is a coercive education that suppresses freedom. To impose specific teaching materials is a dictatorial act.'
He uses the pretexts of freedom, anti-state and anti-corecion to maintain his "divine leader" and perks position. An uncontestable FACT is, relative to other despotic regiems in the region, economically, Libyans were faring OK, as were Iraqis under Saddam. But, they had the misfortune of posessing something that predators want, so, it is war: demonize, socially isolate, move in for the kill, feed from the carcass, next prey.
I think the basic issue is, according to elites, it is their way or, be destroyed. The highest crime is to present viable alternatives to their forcefully imposed myopic "truth". Or, in the immortal words of GW Bush, (very Junior), "you are with us, or, against us".
Seems the planetary consensus is converging to "against", the ultimate consensus that mankind consistently achieves when dealing with tyranny, independent of rationalizations.
It is a matter of collective survival:
Click to view link
Posted by Mountainview on 05/05/11 10:30 AM
I every Gold adherent should be eliminated, there will be a lot of deadly work to do.
Posted by John Danforth on 05/05/11 10:14 AM
Suspicious? How about unsurprised. The big players in the rigged market sometimes telegraph their moves. Fine. Let them crash the price of silver so we can buy more physical at bargain prices. Paper silver may or may not represent physical silver. If you hold physical, you will still have something when the dollar achieves toilet paper status. I think of it as a savings vehicle, not an investment, and if you speculate on leverage, well ... you run a pretty big risk of being shaken out by the manipulators (who appear to be whipsawing the paper market with unlimited fiat, perhaps at the behest of the state).
Posted by Kelly on 05/05/11 09:16 AM
I know this is slightly off topic, but has anyone else become suspicious that Soros sold his silver right before the CME raised the margin requirements on silver trading? Todays raise will be the 4th time and Mondays raise will be the 5th. The timing seems too perfect and the amount of the raise is huge. If Soros owns stock in the CME group, he could have held margins low for a time and then raised them fast as a simple money trap.