BSN Editor Note: In case you were wondering why all the saber rattling and talk of attacking Syria with Tomahawk cruise missiles, remember the real reason the west attacked Libya in 2011
Eric V. Encina writes: One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned. The world’s globalist financiers and market manipulators do not like it and would continue to their on-going effort to dethrone Muammar Muhammad al-Gaddafi, bringing an end to Libya as independent nation by Patrick Henningsen (Market Oracle – Originall published March 28 2011)
Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.
When the smoke eventually clears from all the cruise missiles and cluster bombs, you will see the Allied reformers move in to reform Libya’s monetary system, pumping it full of worthless dollars, priming it for a series of chaotic inflationary cycles.
The CBL is currently a 100% state owned entity and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya. The financial structure and general operation procedures of a state bank is of course much different than that of an American or European based central bank. Form starters it is not privately owned, for-profit bank with a undisclosed list of private shareholders like the US Federal Reserve and the Bank of England are. Libyan constitutional law establishing the CBL stipulates that its central bank maintains monetary stability in Libya and promotes sustained growth of its national economy. Libya also holds more bullion as a proportion of gross domestic product than any country except Lebanon, according to the London-based World Gold Council using January data from the International Monetary Fund. The value of gold is based on the March 25 close of $1,429.74 an ounce.
Will this gold remain in Libya once Allied forces have taken control of Tripoli, or will it lost, or exchanged for pallets upon pallets of paper aka US dollars?
FOLDING LIBYA INTO THE NEW WORLD ORDER
In the Libyan banking charter, one of the primary mandates will be that it is regulating the quantity, quality and cost of credit to meet the requirements of economic growth and monetary stability. This of course, is the very opposite role which privately owned central banks play elsewhere in the world. Private central banks elsewhere create inflation, periodically inflating bubbles by design and then popping them in order to transfer large sums of wealth out of lower and middle class hands and into the hands of the financial elites.
It is becoming easy to diagnose the very root-causes of chaos in the Middle East and the ongoing war-attacks against Libya. Finance, oil, militarization & imperialism, globalization- all of these comprise a running agenda for the New World Order. Egypt and Tunisia have both fallen to interim military dictatorships and have been hooked with billions in cheap loans from the European Bank for Reconstruction and Development (EBRD) and the World Bank.
Any country or nation that is running against the grain of this agenda- going against the orthodoxies of the New World Order, will eventually be flagged and brought to heal by way of military hammer. Regular acts of war against these non-globalist nation states are designed to humiliate, degrade and compromise international human rights- a condition that has become embarrassing to the world at large.
CANADIAN PUPPET DESIGNATED AS LEADER FOR NATO’S LIBYAN OPERATION
Most observers would claim that Canada is neutral in the Libyan conflict. But on this occasion, it’s been the consensus of the world axis of greedy powers that Canada will be running the front-of-house for their intervention in Libya’s civil chaos. With respect to Honourable Canadian leaders and officials, Canada’s participation in this particular war and in the cover-up for Obama in Libya is too adroit for the sake of profits and taking over resources in that particular region of the world.
“Canadian Defense Minister Peter MacKay said Friday that Lt. General Charles Bouchard has been designated to lead the alliance’s military campaign in Libya. (Yahoo News, March 25, 2011). “Bouchard is stationed in Naples, Italy, at the Allied Joint Force Command. Bouchard’s recent job was deputy commander of NORAD, reporting to an American general. MacKay adds here, “He will be commander of the NATO operations, yet to be fully defined NATO operations”.
Here is another challenge for the Canadian people. Another repercussion is that the Canadian budget will also be leached by such participations as the national Bank of Canada is also based on debt finance. If Canada, in not too distant future, would continue to participate in war(s), it would then become a fully fledged globalist war-nation, joining the likes of the USA and the UK.
One wonders what will become a world that is at perpetually at war with itself? Why build wealth only to have it destroyed by wars? Why collect more taxes, spend and wantonly waste state revenue, create money out of nothing at the point of usury, and lend and/or borrow money at interest that disastrously piles up national debt at sky-rocketing rates? We see the results time and time again: the economy collapse, creation of poverty, and the continuing finance of weapons’ manufacturing, arms sales and the most technologically sophisticated wars in history that cause the most unimaginable devastations and irreparable damages to human lives and nations.
If the Western based foreign policies continued to be war-based, bent on controlling the world’s resources, there seems to be no worse future for mankind.
One big reason for the Western assault on Libya: Libya owns and issues its own money.