In line with our synopsis that points to understanding private investment finance capital driving before it everything else is an article of economic interest out of Russia:
http://kir-t34.livejournal.com/14869.html
Bortovoi Journal, Russia, 3/26/11
"Bombing of Libya -- Punishment for Gaddafi for His Attempt to Refuse US Dollar' , "China had announced minting of golden yuan and the Eastern countries also discussed the possibility of golden standard. Mummar Ghaddafi became the main initiator of idea of refusing from dollar and euro and called on Arab and African nations to use a new currency instead, the Persian gold dinar. In 2002 Malaysian prime minister Muhammad together with Mummar Ghaddafi proposed initiative to launch golden dinar. At the beginning this idea was approved by Iraq, Sudan and Bruney, next year Indonesia, United Arabian Emirates and other countries joined to it. They began work on this idea. there were some sessions of Ministers of Finance of these countries and the project about refusing from dollar and euro and using golden dinar began to be transfered to life. There was a pilot project where golden coins were already minted and it began to be used in Malaysia, Indonesia and Iran. They were even used in common shops and they are still can be used there as well as common banknote money.it means that if Muammar Ghaddafi will drop bank system and will start trade only in gold, he will trade only with countries that have gold. (China has almost cornered the gold market?) ... There must be chain reaction, because everyone is tired to be a slave for USA Federal Reserve Fond and its head Mr. Bernanke. Because Bernanke gives money in debt for USA (Federal Reserve Fond of USA gives money to central Bank of USA). If Muamman Ghaddafi found time to launch golden coins before the war started, not only muslim countries would follow him. There would be many countries, including maybe even Germany. Everyone in the world who doesn't want to be a slave of Bernanke wants to trade for gold.
Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency. During the past year, the idea was approved by many Arab countries and most African countries. The only opponents were the Republic of South Africa and the head of the League of Arab States. The initiative was viewed negatively by the US and the European Union, with French President Nicolas Sarkozy calling Libya a threat to the financial security of mankind; but Gaddafi was not swayed and continued his push for the creation of a united Africa.
If the Gaddafi government goes down, it will be interesting to watch whether the new central bank [created by the rebels in March] joins the BIS, whether the nationalised oil industry gets sold off to investors, and whether education and healthcare continue to be free."
Meanwhile, as the dying proceeds according to investment necessities
the great sharks are circling in. We get it from the horse's mouth:
*( 10)
click here
US to Recoup Libyan Oil from China
Interview with Dr. Paul Craig Roberts, former assistant secretary of US Treasury.
by Press TV / April 20th, 2011
"Libyan ruler Muammar Qaddafi has made two mistakes: It blocked the US Africa Command by not joining it and let China into Libya with major energy investments instead, says a former US official.
Press TV has interviewed Dr. Paul Craig Roberts, former assistant secretary of US Treasury from Panama City, who gives his insight on the revolution in Libya and why US President Barack Obama needs to overthrow Qaddafi when no other US presidents did.
Paul Craig Roberts: Yes they do. First of all, notice that the protests in Libya are different from the ones in Egypt or Yemen or Bahrain or Tunisia and the difference is that this is an armed rebellion.
There are more differences: another is that these protests originated in the eastern part of Libya where the oil is -- they did not originate in the capital cities. And we have heard from the beginning, credible reports that the CIA is involved in the protests and there have been a large number of press reports that the CIA has sent back to Libya its Libyan asset to head up the Libyan rebellion.
http://kir-t34.livejournal.com/14869.html
Bortovoi Journal, Russia, 3/26/11
"Bombing of Libya -- Punishment for Gaddafi for His Attempt to Refuse US Dollar' , "China had announced minting of golden yuan and the Eastern countries also discussed the possibility of golden standard. Mummar Ghaddafi became the main initiator of idea of refusing from dollar and euro and called on Arab and African nations to use a new currency instead, the Persian gold dinar. In 2002 Malaysian prime minister Muhammad together with Mummar Ghaddafi proposed initiative to launch golden dinar. At the beginning this idea was approved by Iraq, Sudan and Bruney, next year Indonesia, United Arabian Emirates and other countries joined to it. They began work on this idea. there were some sessions of Ministers of Finance of these countries and the project about refusing from dollar and euro and using golden dinar began to be transfered to life. There was a pilot project where golden coins were already minted and it began to be used in Malaysia, Indonesia and Iran. They were even used in common shops and they are still can be used there as well as common banknote money.it means that if Muammar Ghaddafi will drop bank system and will start trade only in gold, he will trade only with countries that have gold. (China has almost cornered the gold market?) ... There must be chain reaction, because everyone is tired to be a slave for USA Federal Reserve Fond and its head Mr. Bernanke. Because Bernanke gives money in debt for USA (Federal Reserve Fond of USA gives money to central Bank of USA). If Muamman Ghaddafi found time to launch golden coins before the war started, not only muslim countries would follow him. There would be many countries, including maybe even Germany. Everyone in the world who doesn't want to be a slave of Bernanke wants to trade for gold.
Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency. During the past year, the idea was approved by many Arab countries and most African countries. The only opponents were the Republic of South Africa and the head of the League of Arab States. The initiative was viewed negatively by the US and the European Union, with French President Nicolas Sarkozy calling Libya a threat to the financial security of mankind; but Gaddafi was not swayed and continued his push for the creation of a united Africa.
If the Gaddafi government goes down, it will be interesting to watch whether the new central bank [created by the rebels in March] joins the BIS, whether the nationalised oil industry gets sold off to investors, and whether education and healthcare continue to be free."
Meanwhile, as the dying proceeds according to investment necessities
the great sharks are circling in. We get it from the horse's mouth:
http://www.tradesignalonline.com/charts/news.aspx?id=784078
World Bank's Zoellick: Hopes Bank Will Have Role In Libya by Jeffrey Sparshott DOW JONES NEWSWIRES , 4/14/11
WASHINGTON -(Dow Jones)- World Bank President Robert Zoellick Thursday said he hopes the institution will have a role rebuilding Libya as it emerges from current unrest. Zoellick at a panel discussion noted the bank's early role in the reconstruction of France, Japan and other nations after World War II.
"Reconstruction now means Ivory Coast, it means southern Sudan, it means Liberia, it means Sri Lanka, I hope it will mean Libya," Zoellick said.
John Perkins explain how Libya challenged world banking system that favors the corporatocracy i n It's Not About Oil, It's About Currency and Loans
"According to the IMF, Libya's Central Bank is 100% state owned. The IMF estimates that the bank has nearly 144 tons of gold in its vaults. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. In fact, he called upon African and Muslim nations to join an alliance that would make this new currency, the gold dinar, their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars.
The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy. Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq.
In my talks, I often find it necessary to remind audiences of a point that seems obvious to me but is misunderstood by so many: that the World Bank is not really a world bank at all; it is, rather a U. S. bank. Ditto, its closest sibling, the IMF. In fact, if one looks at the World Bank and IMF executive boards and the votes each member of the board has, one sees that the United States controls about 16 percent of the votes in the World Bank - (Compared with Japan at about 7%, the second largest member, China at 4.5%, Germany with 4.00%, and the United Kingdom and France with about 3.8% each), nearly 17% of the IMF votes (Compared with Japan and Germany at about 6% and UK and France at nearly 5%), and the US holds veto power over all major decisions. Furthermore, the United States President appoints the World Bank President.
So, we might ask ourselves: What happens when a "rogue" country threatens to bring the banking system that benefits the corporatocracy to its knees? "
World Bank's Zoellick: Hopes Bank Will Have Role In Libya by Jeffrey Sparshott DOW JONES NEWSWIRES , 4/14/11
WASHINGTON -(Dow Jones)- World Bank President Robert Zoellick Thursday said he hopes the institution will have a role rebuilding Libya as it emerges from current unrest. Zoellick at a panel discussion noted the bank's early role in the reconstruction of France, Japan and other nations after World War II.
"Reconstruction now means Ivory Coast, it means southern Sudan, it means Liberia, it means Sri Lanka, I hope it will mean Libya," Zoellick said.
John Perkins explain how Libya challenged world banking system that favors the corporatocracy i n It's Not About Oil, It's About Currency and Loans
"According to the IMF, Libya's Central Bank is 100% state owned. The IMF estimates that the bank has nearly 144 tons of gold in its vaults. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. In fact, he called upon African and Muslim nations to join an alliance that would make this new currency, the gold dinar, their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars.
The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy. Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq.
In my talks, I often find it necessary to remind audiences of a point that seems obvious to me but is misunderstood by so many: that the World Bank is not really a world bank at all; it is, rather a U. S. bank. Ditto, its closest sibling, the IMF. In fact, if one looks at the World Bank and IMF executive boards and the votes each member of the board has, one sees that the United States controls about 16 percent of the votes in the World Bank - (Compared with Japan at about 7%, the second largest member, China at 4.5%, Germany with 4.00%, and the United Kingdom and France with about 3.8% each), nearly 17% of the IMF votes (Compared with Japan and Germany at about 6% and UK and France at nearly 5%), and the US holds veto power over all major decisions. Furthermore, the United States President appoints the World Bank President.
So, we might ask ourselves: What happens when a "rogue" country threatens to bring the banking system that benefits the corporatocracy to its knees? "
*( 10)
click here
US to Recoup Libyan Oil from China
Interview with Dr. Paul Craig Roberts, former assistant secretary of US Treasury.
by Press TV / April 20th, 2011
"Libyan ruler Muammar Qaddafi has made two mistakes: It blocked the US Africa Command by not joining it and let China into Libya with major energy investments instead, says a former US official.
Press TV has interviewed Dr. Paul Craig Roberts, former assistant secretary of US Treasury from Panama City, who gives his insight on the revolution in Libya and why US President Barack Obama needs to overthrow Qaddafi when no other US presidents did.
Paul Craig Roberts: Yes they do. First of all, notice that the protests in Libya are different from the ones in Egypt or Yemen or Bahrain or Tunisia and the difference is that this is an armed rebellion.
There are more differences: another is that these protests originated in the eastern part of Libya where the oil is -- they did not originate in the capital cities. And we have heard from the beginning, credible reports that the CIA is involved in the protests and there have been a large number of press reports that the CIA has sent back to Libya its Libyan asset to head up the Libyan rebellion.
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