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Libya Uprising A Behind the Scene Observation
News and Media Author: Elisheva Wiriaatmadja
Libya Uprising A Behind the Scene Observation
When the news about the Libya uprising got the attention of the world, mainstream media made sure that it was Muammar Gaddafi that is taking the fall and scape goat of the civil war there. Nobody bothered to even consider the possibility that he was being removed from power by the master puppeteers who believe he has something in Libya that they all could benefit from.
 
Libya is one of the world's largest oil exporters. When the first concessions on oil exploration were granted to foreign companies in 1956 Libya went from being one of the poorest nations to one of the richest which was measured based on average GDP per capita. in 1969 a small group of young military officers staged a successful coup d'etat and removed King Idris from power. The leader, Muammar Gaddafi became the country's new ruler at the age of 28.
 
The new leader promoted unity among Arab and Muslim nations. When he was came to power, banks in Libya were nationalized and soon after the oil industry was too. Foreign troops (including those in the US base in Libya) were kicked out of hte country and a new Constitution was established. Gaddafi instigated the plan to merge with other countries such as Egypt, Sudan and Tunisia. Starting with those countries, Gaddafi promoted a plan to use a common currency among the Arab and Muslim nations with which oil exporters revalue their oil. The new currency proposed by Muammar Gaddafi was the gold dinar.
 
Is it not such a coincidence to see that the Arab spring started with Egypt and spread out to Tunisia as well as Libya? Those were the exact same countries Gaddafi had an agreement with to merge both nations and also currency. There is far more intricacy behind the Libya uprising than what the mainstream media tells the world. It is not only about the oil, the gold dinar or the dictatorship of Colonel Muammar Gaddafi. It was also about taking over the Central Bank of Libya by a few ultra wealthy men who want to make sure that they control Libya by controlling their money supply.
 

Libya has important oil extraction and 4/5 of it go to Europe. BP review reports that 1.39 million barrel/ day are shipped to Europe every day. Libya provides a large fraction of Europe (mainly France) consumption of oil which reaches 1.39 million barrel per day. When the foreign troops were kicked out of Libya and the oil industry were nationalized as well as the banks and Central Bank, it is of no surprise to see Europe and the United States unhappy about the news that Muammar Gaddafi was promoting a revalue of the oil price using the gold dinar. This could make Europe and the United States unable to afford a great deal of the oil that they export from Libya.

Total Views: 607 | Approx word count : 484 | 06/06/2011
Discover more about 2011 Libya uprising and learn more about central banks by reading this article. You are sure to find what you are looking for about gold dinar.
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