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Muammar Gaddafi the Scape Goat in the Libya Uprising
News and Media Author: Elisheva Wiriaatmadja
Muammar Gaddafi the Scape Goat in the Libya Uprising
Ask people around you whether they understand why there is a wave of uprising in the Arab world specifically Libya and they will answer you that Muammar Gaddafi is a bad person that caused the civil war there. However, as you look deeper into this matter, you will see that there is more inticracy behind the Arab spring and the Libya uprising than what the mainstream media lets you know. Powerful people in the high places have been targetting Libya and other Arab countries for over 50 years because of what young Colonel Muammar Gaddafi started not long after he came to power.
 
King Idris was the leader of Libya over 50 years ago whom Muammar Gaddafi overthrew. In the years under King Idris' reign, the first concessions on oil exploration were signed and granted to foreign oil companies, mostly from Europe and also the United States. Since that time, Libya grew into one of the richest countries in the world. King Idris was the one who let foreign troops set up a base camp in Libya but it was Colonel Muammar Gaddafi who finally kicked them out. In 1969 the young leader of military officers overthrew the king and became ruler of Libya at the age of 28.
 
Muammar Gaddafi kicked out the US troops and closed their bases. He nationalized the banks of Libya including the Central Bank. He also made sure that the oil industry was controlled and run by the Libyans. The young leader instigated a merge between other nations, such as Egypt, Sudan and Tunisia. Years later he organized meetings with leaders of the Muslim nation to only accept the gold dinar in trading oil with foreign countries. He proposed a plan to revalue the oil in gold dinar.
 
The Arab spring involved Arab and Muslim nations who gave a positive response to Muammar Gaddafi's proposed plan: Egypt, Sudan and Tunisia to mention a few. The wave of demonstrations and protests in the Arab world has nothing to do with freedom for the people or democracy. It has to do with the oil, the gold dinar currency and the supply of money through the Central Bank of Libya. In the middle of a life or death civil war in Libya the rebels managed to establish a new Central Bank and made sure the nationalized Central Bank by Muammar Gaddafi is out of business. Now somebody has control over the money supply of Libya through the new Central Bank!
 

Very few people know the fact that Libya has been supplying a great percentage of oil to Europe, especially France. 4/5 of the oil extractions of Libya is shipped to France, which is 1.39 million barrels per day. France oil consumption reaches to 1.89 million barrels per day and therefore Libya is one of biggest oil exporter for Europe and especially France. With Muammar Gaddafi's plan to revalue the oil to the gold dinar, it should not come to anybody's surprise that Europe and the United States are unhappy and might have caused the Libya uprising and the Arab spring.

Total Views: 590 | Approx word count : 521 | 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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