The war in Libya continues.

Gaddaffi claimed 6 months before he was killed that he was keeping a monster at bay.....

He was deposed as he was going to introduce the gold Dinar as a currency.
African nations were buying into it.
Would cause major upset in USA and gold values

Look what's there now!!

hmmm wrote: »

What I would read a lot into was the thrashing of the NTC offices in Benghazi by their "own people". That indicates an impatience which isn't really realistic considering Gadaffi left Libya without a functioning civil society.

I must disagree with several aspects of your revisionism. Firstly it wasn't Gaddafi's choice to leave and had he not been forced out civil society would be functioning a lot better than it is now. Which, ironically, is what the people that wanted Gadaffi gone are now saying.

"Our families have died for this revolution, but the way it is going it was actually better before, under Gaddafi. The banks worked, there was no rubbish and people did not have to fear all the guns around the country.

http://af.reuters.com/article/topNews/idAFJOE80M01I20120123?sp=true

It won't be long before those anti-Gaddafi Libyans are cursing the day they went to bed with NATO.

southsiderosie wrote: »

This is all sounding a bit conspiracy theory-ish. What are you basing these claims on?

RT international agency
look up their bulletin on Youtube
Not about oil.
French Yanks and British were all prepared to deal with him again.
Germans sitting on over 3000 tonnes of gold
The Italians over 2000 tonnes
think about the consequence of a gold currency
No conspiracy theory
NATO struck for more than humanitarian help.
Not whizzing into North Korea are they.
African leaders saw his move as a way to finally get their feet on the international power stage.

Jaafa wrote: »

http://www.aljazeera.com/news/africa/2012/01/2012126133028210385.html



The 'rebels' showing more of their true colors. Dark times ahead for Libya I fear.

The above issue and the situation referenced in Bani Walid and Gharyan can well be passed off as merely aftershocks to be expected as Libyans test the limits of their new-found freedoms.

Whilst many talk of the numbers of ex Gadaffi Military in these areas,this,of itself tends to rather dilute the "Popular" part of the Popular Rebellion which eventually saw the Colonel executed.

It would appear to many outside observers that Libya is simply transitioning from its former Gadaffi era solidity back to being a largely unpopulated Tribal country with all of the benefits and drawbacks that brings with it.

Gadaffi,being Tribal himself,but also being possessed with a hugely well developed sense of where he wanted Libya to be on the world stage,had kept the lid on the various Tribes with a mixture of Carrot and Stick,which worked.....or at least up until the remergence of Islamicism and it's new found self-confidence.

For any leadership to have taken a country as inhospitable and difficult as Libya and given it's people a standard of living far above it's neighbours is easy now to revise into oblivion,but it's becoming equally clear that the NTC and their Islamicist string-pullers don't have a fraction of the vision or ability possessed by Gadaffi himself.

Libya and it's miserable situation is no longer of interest to the West.
UN/NATO and it's constituent European Military muscle have gone off to recharge their batteries and implement their cutbacks,whilst the ordinary Libyans they so enthusiastically "Freed" are left to return to their Koranic verses for inspiration as to how to put food,water and sustinance on their tables.

A well earned Victory all round ?

wingsof daun wrote: »

The tortures committed by the NTC government is now being reported by the media. This is a complete u-turn, the media passed this off as lies for the past 10 months or failed to report it. I don't think the west cares about the NTC amymore (or their fate when pro-Gaddafi forces eliminate or chase them far overseas). NATO or American forces are now guarding all oil areas, some 6000 or more troops are in the process of entering Libya. The government of Libya does not matter anymore, as long as the troops guard all the oil facilities and ensure it's safe passage. Or, it may be the case that NATO will be the new government!
So there is fighting daily between Al-Qaeda, rebel forces and pro-Gaddafi. They are eliminating each other, general disunity and chaos, while the oil and wealth is flowing steadily out of their country into western countries. How unfair.

**** happens
You dip your wick you pay for the oil

Chuck Stone wrote: »

What would the consequences be?

Devaluation of the dollar maybe??
Gold payment for oil not the buck?
WTF?

Chuck Stone wrote: »

It was a simple question the answer for which I'm interested in.

Wouldn't dollar devaluation be good for US exports and paying back of dollar denominated debt?

Simple answer
look it up yourself-- gaddaffi gold dinar

me bolly wrote: »

http://www.silverbearcafe.com/dinar.html
http://www.gold-investor.com/article.php/20040327173809628
http//www.taxfreegold.com/gold-dinar.ht
http://www.johnperkins.org/?p-1051

oh ye of little faith!!!
prepare as it's going to happen
The move from US dollar to gold dinar for the pricing of oil is only a matter of time
The buck will no longerbe king....

Transferring gold bullion would not be an easy way to pay for Iranian oil. The Russian banking system would be a better option.

http://www.tehrantimes.com/economy-and-business/94962-iran-sanctions-india-exploring-russia-payment-route

southsiderosie wrote: »

This is still a rumor - and even if it were true, it represents an attempt to get around sanctions, rather than a move to upend the dollar market or the global financial order.



Of the three links:
* The first is from 2002
* the second won't open
* The third isn't an article, it's a website - and one that I'm not going to trawl through given that the link that actually worked was from ten years ago

Also, I would question the veracity of any claim that a group of countries are moving towards some kind of common currency - even a gold-backed one - given the situation in the eurozone right now. I highly doubt that many countries would have the stomach for it - rumors about the 'amero' (US-MEX-
CAN) have certainly died down since the euro crisis began.

There won't be any choices involved.
We need the oil, they can decide the currency

It will happen.
It is not a rumour
And the second link does open

Jaafa wrote: »

An update on this, a little late, sorry. The NTC has accepted the authority of the local council who overthrew the NTC council on the 23rd of January.
http://af.reuters.com/article/libyaNews/idAFL5E8CP2IG20120125

This IMO represents a president, the tribal which were unified under Gaddafi, will each seek a return to power, the country will become fragmented, and the old tribal boarders will be drawn up again.

The monster he spoke about being kept at bay.

Shows how incredibly naive it was to feature that Irish Libyan rebel as some sort of hero/celebrity. Wonder if he's shot an 'abd yet.