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On April 24, Manlio Dinucci's Global Research article headlined, "Financial Heist of the Century: Confiscating Libya's Sovereign Wealth Funds (SWF)," saying:
Besides money, oil, gas, water, and other reasons, the "Libyan Investment Authority (LIA) manages" an estimated $70 billion, "rising to more than $150 billion (including) foreign investments of the Central Bank and other bodies. But it might be more."
Confiscation gives US/NATO interests easy money for their own purposes. In fact, besides war, the business of America is grand theft in league with Western partners, Wall Street and other corporate interests.
Gaddafi promoted pan-African unity, a United States of Africa he hoped to lead against Western powers wanting balkanized easily-controlled states.
Libya was central to Africa's independence, including freedom from predatory central banks and international lending agencies, acting as loan sharks of last resort.
He also funded Africa's only communications satellite. In doing so, he saved hundreds of millions of dollars for low-cost incoming and outgoing calls.
In addition, he allocated two-thirds of the $42 billion needed to launch a public African Central Bank (HQ'd in Nigeria), an African Monetary Fund based in Cameroon, and an African Investment Bank HQ'd in Libya.
The Obama administration stole the money and prevented it. If established, it would have provided low-cost (or perhaps interest-free) loans for health, education, and other social projects, as well as vital infrastructure development in participating African states.
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