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This article is part of a three-part series called “The ‘humanitarian’ destruction of Libya” that analyses the 2011 war in Libya and the motives behind it. The first article contrasts the invented war crime allegations against the Libyan government to the very real underreported war crimes by the insurgents; the second exposes a history of deceptive terrorist attacks on European soil wrongly attributed to Gaddafi and the role of NATO in the war; and the third discusses Gaddafi’s plan at creating a pan-African currency as one of the central motives lurking behind the mainstream explanation of the intervention as a just one that sought to “protect civilians” from a ruthless dictator.
Although 40 years in power, Muammar Gaddafi first addressed the UN General Assembly in September 2009. Reminiscent of Fidel Castro’s speech to the body in 1960, he went over the allotted time of 15 minutes and talked for over an hour and a half. He advocated for radical change in the inner workings of the UN and said that the General Assembly should adopt a binding resolution that would put it above the authority of the Security Council. The latter, according to Gaddafi, had failed to prevent 65 wars since its inception and is unjust and undemocratic because the five permanent members have all the actual power. If the General Assembly were to be the most powerful body, however, all nations would be on equal footing, he proclaimed, which would prevent future conflict. He ascribed similar bias to the International Criminal Court and the International Atomic Energy Agency, as they, just like the Security Council, are used to demonise enemies of the global powers while their own crimes and those of their allies go largely unnoticed. He went on to dismiss Washington’s war against Iraq, advocated for a one state solution to the Palestinian-Israeli conflict and urged the General Assembly to launch investigations into the murder of Patrice Lumumba, John F. Kennedy, [ https://www.youtube.com/watch?v=E4OT9071zBA ] Martin Luther King [ http://www.thekingcenter.org/assassination-conspiracy-trialhttps://www.youtube.com/playlist?list=PL951E0C6E79EEB4E6 ] and the massacres of the Israeli army and their allies committed against the Palestinians in the Lebanese refugee camps of Sabra and Shatila in 1982 and in Gaza in 2008.
The picture of Colonel Gaddafi that emerges seems to be somewhat in conflict with that put forward by the mass media. Rather than just another brutal power-hungry dictator who seems to be interested only in killing his own people, it looks like he had some interesting ideas, to say the least. Perhaps it might be useful to step away from the simplified and rhetoric-laden label of dictator for a moment and take a deeper look into Gaddafi’s ideas and why they posed such a great danger to the global power elite. ….. [skipping for brevity, not for censorship. he had issues with authoritarian rule and poorly-thought-out political philosophies. see the article for details. I’m more interested in the real reasons for the west’s attack on him and Libya and how it elucidates the real structure of power in the western world -rw]
… Africa is kept in a structural state of underdevelopment. Recent studies have shown that for every $1 of aid that developing countries receive, they lose $24 in net outflows. In other words, rich countries are not developing poor countries; poor countries are developing rich ones. Hence, it would be an understatement to posit that the current situation maintains the status quo. Rather, the global inequality gap has significantly worsened in postcolonial times under the regimes of the IMF, World Bank and UN. Indeed, the distance between the richest and poorest country was already about 35 to 1 in 1950, but further rose to a staggering 80 to 1 in 1999. Gaddafi understood the potential of an Africa free of the neo-colonial grip of Western powers. In 2005, he stated that:
“There is an attempt to promote proposals aimed at extending aid for Africa. But when aid is linked to humiliating conditions, we don’t want humiliation. […] If aid is conditional and leads to compromises, we don’t need it. […] They are the ones who need Africa. They need its wealth. 50% of the world’s gold reserves are in Africa, a quarter of the world’s uranium resources are in Africa, and 95% of the world’s diamonds are in Africa. […] Africa is rich in unexploited natural resources, but we were [and still are] forced to sell these resources cheaply to get hard currency. And this must stop.”….
Gaddafi’s gradual conversion to pan-Africanism culminated into his desire for a borderless “United States of Africa;” that is, a single continent ruled by a single government, a united defence force and one foreign and trade policy – which he proclaimed at an extraordinary summit of the OAU in Sirte on 9 September, 1999. The summit produced what is now known as the Sirte Declaration, the document that announced the birth of the African Union (AU) comprising all African nations, which eventually came into existence in 2002, thereby replacing the more inefficient OAU. Gaddafi’s role in these developments are clear from article 7 of the Sirte Declaration, which states:
“In our deliberations, we have been inspired by the important proposals submitted by Colonel Muammar Gaddafi, Leader of the Great Al Fatah Libyan Revolution and particularly, by his vision for a strong and united Africa, capable of meeting global challenges and shouldering its responsibility to harness the human and natural resources of the continent in order to improve the living conditions of its people.”….
The Abuja Treaty of 1991 established the African Economic Community and outlined six stages for achieving a single monetary zone for Africa by 2028. The final stage involved the creation of an African Central Bank, an African Economic and Monetary Union and an African common currency. The 1999 Sirte Declaration, spearheaded by Gaddafi, vowed to speed up this process. In addition, plans were underway to create an African Monetary Fund that would only be open for African nations and would thus be able to directly challenge neo-colonial institutions like the IMF and World Bank. Most importantly, however, since his reorientation to Africa, Gaddafi repeatedly urged for the establishment of a single African currency, lastly in February 2009 when he was elected chairman of the AU.
To fully understand the significance of Gaddafi’s monetary endeavour, some background is needed. Under the Bretton Woods system, negotiated in the final days of the Second World War, the US dollar became the backbone of the world monetary system, convertible to gold at the fixed price of $35 per ounce with all other currencies pegged to it. As the dollar grew weaker in the ensuing decades, many nations including Germany and France started to demand gold for their dollars, however, causing the US’s gold reserves to plunge. President Nixon then abandoned the Bretton Woods system, and after the Western oiligarchs had engineered the 1973 OPEC oil crisis, the petrodollar came into existence as a replacement of the US gold standard. In this new system, Saudi Arabia, then the largest OPEC oil exporter, pledged to price all of its future oil sales in dollars and recycle its increased revenues through Atlanticist banking institutions. Most petroleum-exporting nations followed suit and started to trade their oil for dollars as well, thereby maintaining the dollar as the world reserve currency, but this time backed up by oil instead of gold.
In 2000, Iraq, which holds the world’s second largest oil reserves after Saudi Arabia, made the political decision to dump the petrodollar and consequently started to export almost all of its oil in euro’s. Invasion and regime change quickly followed. In January 2017, Iran also announced that it would stop using the dollar as its currency of choice for its exports, the main commodity of which is oil. As is blatantly obvious, plans of toppling the Iranian government are well underway. Gaddafi not only wanted to ditch the dollar for another currency as well, he wanted to create a new one, using Libya’s own 144 tons of gold, a relatively large amount regarding its fairly small population. Contrary to the dollar, which is for the most part made out of thin air by private banking cartels, the gold dinar would be steady and reliable as it would be made from gold, a precious metal of which Africa has plenty in reserves. Moreover, if in a future situation oil-rich African and Middle Eastern countries would jump on the bandwagon and accept only gold in exchange for their oil as well as other resources, the petrodollar would be replaced by a petro-gold system. The global economy, then, would be built on the backbone of two commodities of which rich Western countries possess less than the Global South. This would enable the latter to throw of the neo-colonial chains of structural enslavement and poverty and would in all likelihood cause the current global power structure to collapse.
It is obvious that the banksters who currently control the global money supply through their shares in central banks could not afford to let this unfold. Three events, all happening in the first two months of the conflict, signal the banksters’ role in the war. First, the Obama administration froze $30 billion dollar in Libyan government assets on 28 February. According to then Under Secretary for Terrorism and Financial Intelligence David Cohen, this $30 billion dollar comprised the total of the assets of the Libyan government, the Libyan Investment Authority and its 100% state-owned Central Bank. Interestingly, part of this money was reportedly earmarked for the Libyan contribution to the creation of the African Investment Bank, the African Monetary Fund and the African Central Bank. Second, by the end of March, the rebels in Benghazi had created their own central bank while it was still all but clear if they would succeed in toppling Gaddafi. This left even mainstream analysts puzzled. “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 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.” Finally, a leaked email from early April between Secretary of State Hillary Clinton and her confidential adviser, Sid Blumenthal, confirms the remaining threat of Gaddafi’s plan despite the freezing of Libyan assets. In the email, titled “Re: France’s client & Qaddafi’s gold,” Blumenthal states that
“Qaddafi’s government holds 143 tons of gold, and a similar amount in silver. During late March, 2011, these stocks were moved to SABHA (south west in the directs of the Libyan border with Niger and Chad); taken from the vaults of the Libyan Central Bank in Tripoli. This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African countries with an alternative to the French.franc (CFA).”
The French aspect was of course only the tip of the iceberg.
According to prof. Maximilian Forte, NATO’s war on Libya sought to “disrupt an emerging pattern of independence and a network of collaboration within Africa that would facilitate increased African self-reliance.” Gaddafi stood at the forefront of these developments since the turn of the millennium, and his plan to create a gold-backed African currency might have been a final catalyst to rendering these developments irreversible. With the fiercest advocate of pan-Africanism out of the way, it remains to be seen if internal divisions will be overcome or not, however. As of June 2015, the African Union renewed talks on the implementation of a pan-continental currency and an African Monetary Fund, but it is still unclear whether foreign “help” is going to be kept out and whether newly formed pan-African institutions will be used to demand fair profits for Africa’s abundant natural resources like Gaddafi envisioned. …
NATO Loots Libyan Gold as Tripoli Falls