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The 2011 Arab Spring and the Truth Behind It
News and Media Author: Elisheva Wiriaatmadja
The 2011 Arab Spring and the Truth Behind It
Recently my TV news channel covers nothing but the recent Arab spring. Whatever is currently happening in the Muslim and Arab world has certainly caught the attention of people all over the planet. From the dictator of Egypt to Libya, the world believes it is purely a matter of the people of those countries finally standing up for themselves and getting rid of the oppressive government that they have known all their lives. Nobody even considers the possibility that leaders of the countries in conflict are being removed by the notorious shadow government and master puppeteers with their hidden global agenda.
 
In order to understand the reason behind the recent Arab spring, one should understand the reason behind the Libya uprising first. Libya was under the reign of King Idris when the first concessions on oil exploration were signed and granted to foreign companies, mostly from Europe and the United States. King Idris was also the one who permitted the United States to set up a US base in the country. Since the oil concessions were signed, Libya grew into one of the richest countries because it became one of the biggest world oil exporters. However, King Idris did not last very long.
 
He was succeeded by a young military officer, Colonel Muammar Gaddafi who kicked out the foreign troops from Libya and nationalized several institutions such as the banks, the Central Bank of Libya and also the oil industry.
 
The 28 year old Colonel gathered his fellow Muslim nation leaders of Sudan, Egypt and Tunisia and planned to merge the countries and their currency. He organized several meetings with the Arab and Muslim nations to propose a plan which would create a new currency to revalue oil and other resources with. Muammar Gaddafi received positive responses from the leaders and they promoted the gold dinar to be the only currency that is accepted for trading oil and other resources in the Arab world. This would become a deadly rival to the current world currency reserve, the US dollar.
 
The current Arab spring involves several nations that were participating in Muammar Gaddafi's organized meetings regarding the new gold dinar. Remember that the uprising of the Arab world has so far been happening in Egypt, Tunisia, Libya and even Sudan. It is a very weird coincidence that the nations planning to merge their countries and the currency to rival the US dollar would now experience the uprising. But whatever is happening in those countries right now has far more inticracy than just the people of the countries being sick and tired of dictatorship. It was more than just about freedom. It was about the gold dinar, the oil and also the control of money supply by the Central Banks.
 

Of all the Arab countries and OPEC members, Libya exports 4/5 of its oil extraction to Europe, mostly France. It is supplying 1.39 million barrels of oil per day to France, whose daily oil consumption reaches to 1.89 million barrels of crude oil. It is highly understandable if Europe (and also the United States) is unhappy with the recent progress in the Arab world regarding the new currency, the gold dinar. Very soon they would have to accept that their euros and dollars are not enough to pay for the new revalued oil price in gold dinar.

Total Views: 713 | Approx word count : 566 | 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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