Name: Libya: It’s Not Just About Oil—It’s About Currency and Loans - Validated Independent News
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Libya: It’s Not Just About Oil—It’s About Currency and Loans - Validated Independent News

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While many of the rationalizations describe resources, especially oil, as the reasons why we should be Libya, an increasing number of people think these reasons revolve around financial reasons and protecting the value of the American dollar.According to the IMF, Libya’s Central Bank is 100% state owned. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. They would sell oil and other resources to the US and the rest of the world only for gold dinars.The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy.Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq.So, we might ask ourselves: What happens when a “rogue” country threatens to bring the banking system that benefits the corporatocracy to its knees? What happens to an “empire” when it can no longer effectively be overtly imperialistic?According to Perkins one definition of Empire states that an empire is a nation that dominates other nations by imposing its own currency on the lands under its control. The empire maintains a large standing military that is ready to protect the currency and the entire economic system that depends on it through extreme violence, if necessary. The ancient Romans did this. So did the Spanish and the British during their days of empire-building. Now, the US or, more to the point, the transnational corporatocracy, is doing it and is determined to punish anyone who tries to stop them. Qaddafi is but the latest example.Title: Libya: It’s Not About Oil, Its About Currency and LoansSource: Information Clearinghouse, April 26 2011Author: John PerkinsURL:&nbsp;Student Researcher: Michael Guglielmo- Sonoma State UniversityFaculty Advisor: Lisa Pollack- Sonoma State University&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fundedThis website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.NecessaryNecessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.CookieDurationDescriptioncookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.

While many of the rationalizations describe resources, especially oil, as the reasons why we should be Libya, an increasing number of people think these reasons revolve around financial reasons and protecting the value of the American dollar.According to the IMF, Libya’s Central Bank is 100% state owned. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. They would sell oil and other resources to the...

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Project Censored is an American nonprofit media watchdog organization. The group's stated mission is to "educate students and the public about the importance of a truly free press for democratic self-government.” Project Censored produces an annual book, published by Seven Stories Press, and a weekly radio program. Both the annual books and the weekly radio programs, as well as public events sponsored by the Project, focus on issues of news censorship, propaganda, free speech, and politics.

Libya: It’s Not Just About Oil—It’s About Currency and Loans - Validated Independent News

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