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As a result, Libya's Popular Committee voted 468 - 64 to delay nationalization plans, even though a 251 majority viewed doing so as positive.
Note: Gaddafi didn't consider how powerful insiders manipulate all markets up or down for profit, including oil, irrespective of demand. It's brazen fraud but goes on all the time, especially on Wall Street in collusion with Washington.
Libya's Great Man-Made River (GMMR) was developing an ocean-sized aquifer beneath the desert for irrigation, human consumption, and other uses. At 2007 consumption rates, it could last 1,000 years. No wonder Gaddafi calls his Nubian Sandstone Aquifer System (NSAS) the "Eighth Wonder of the World."
At issue, of course, is privatizing it, making water unaffordable for many, including most Libyans. In other words, Western predators want it exploited for maximum profits, not equitable use as a public resource.
Ellen Brown's April 13 article titled, "Libya: All About Oil, or All About Banking?" raised another, easily overlooked, issue. Who controls Libya's money, the lifeblood of every economy? In 1970, Henry Kissinger said, "Control oil and you control nations. Control food and you control people." He left out money, the supreme power to control everything because without it economies collapse.
At issue is public or private control like most nations, including America under Wall Street's owned and operated Federal Reserve.
Under Gaddafi, the Central Bank of Libya was state owned. In other words, it created its own money, the Libyan Dinar, interest free to be used productively for economic growth, not speculation, profits and bonuses for predatory bankers.
However, after Washington's led NATO intervention, the privately controlled Central Bank of Benghazi was established to let Western bankers, not Libyans, run things. Money control indeed appears an important reason for intervening, perhaps most important of all.
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