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OpEdNews Op Eds    H3'ed 4/15/11

Libya's Great Man-Made River

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A previous article quoted General Wesley Clark's book, "Winning Modern Wars," saying Pentagon sources told him two months after 9/11 that war plans were being prepared against Iraq, Syria, Lebanon, Iran, Somalia, Sudan and Libya.

"What do these seven countries have in common," asked Brown? None (as well as Afghanistan) are "listed among the 56 member banks of the Bank for International Settlements." 

It's the central bank for central bankers, a banking boss of bosses accountable to no government, privately owned by its members, the most powerful with most influence.

Outliers, of course, put "them outside (its) long regulatory arm." Months before America attacked Iraq, Saddam Hussein began selling oil in Euros, not dollars, threatening its reserve currency and petrodollar dominance. Gaddafi "made a similarly bold move," an initiative toward replacing the dollar with "the gold dinar," hoping for "a united African continent (under) this single currency."

Many Arab and African countries endorsed the idea, but not America or the West, "French President Nicolas Sarkozy calling (Gaddafi) a threat to the financial security of mankind." He wasn't deterred. 

Moreover, "the Central Bank of Libya is 100% State owned." In other words, it creates its own money, the Libyan Dinar, interest free to be used for productive economic growth, not profits and bonuses for predatory bankers.

As a result, imperial Washington, Britain and France included Libya on their "globalist (hit list to integrate it into) its hive of compliant nations," at the expense of its own internal interests. They include oil and gas development, projects to make the desert green, as well as providing free education, healthcare, and other essential social services from oil revenues and Central Bank of Libya created money.

"So, is this new war all about oil or all about banking," asked Brown? "Maybe both - and water as well," noting that with "energy, water and ample (interest-free) credit to develop the infrastructure to access them, a nation can be free (from) foreign creditors," especially predatory Western ones, entrapping countries in debt for greater profits. 

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[My newest book as editor and contributor is titled "Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III." www.claritypress.com/LendmanIII.html]

Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a (more...)
 

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