Gaddafi's Gold Dinar Currency Prompted NATO Invasion of Libya

[1987jock]

Can someone provide a source for this?

Maybe a video or transcript of the conferences?

[rsashok]

This is the cheesiest propaganda piece. People creating this marvel should read Economy for Dummies at least, and try to understand relationship between money and gold in modern economy, and then come with some more sophisticated conspiracy theory.

[1987jock]

@rsashok Can you please explain why this would not work? Why demanding gold or something else with intrinsic, tangible value would not work in todays economy.

[DeBorah4675]

This would cause an invasion no doubt.

[perfacetus]

Oh my goodness what a load of crap. Like America has some weird obsession with keeping black people down. For a start Libya is Arab, not black.

Also Libya could have obtained the same effect simply by increasing the price of oil in dollars. It would have had the same effect. After all if Libya traded in gold that means everything they import from other nations would mean gold going out of their country.

[Superman54]

but they can get more goods and services for the a pound of gold than they could from todays value for a pound of gold in dollars. this is because our currencies value is based on how much of it is in circulation. we buy a million in oil in dollars, libya gets a million dollars. sso they go to buy a million dollars in goods and services. however, now that 6 months have passed, and we have printed so much new money, it sint worth it.. if it was gold, that devaluation would take longer if at all.

[perfacetus]

@Superman54

Hmmmm, at the moment gold is high price and as world economies get back on their feet gold is going to start dropping, which means they would lose money anyway.

However, I will accept one thing. The difference is that the value of gold is dependant on the world as a whole, unlike the dollar which is dependent on the Federal Reserve's policy. It would remove the control from the US.

[peterb37]

The Bankers could give less of a shit as to who gets to pump it. They make money manipulating the commodities futures, and as long as they can make as much money as the wish and lend it to member banks for zero interest. They can only do that if the dollar remains the worlds reserve currency. That is going to bee the death of them in the end, because no one is listening. Most countries are buying gold. The US has no gold and Neither does the FED or any of the other Big Banks.

[peterb37]

The United States Government isn't interested in self determination, not even in the US. The worlds Central banks control the world, not the Governments. Governments are nothing but tools, and if you don't play ball with the banks they will just put you out of business. It doesn't matter if you are country or an individual. It also doesn't matter if you call yourself a democracy or a kingdom or a dictatorship or what ever

This conflict is about oil only to the extent of how it is priced.

[OutlawzAKA]

@peterb37

isn't about oil, is about controlling or slaving people mind with them own paper.