Gaddafi's Gold Dinar Currency Prompted NATO Invasion of Libya

Some believe it is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi's plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth.

­"It's one of these things that you have to plan almost in secret, because as soon as you say you're going to change over from the dollar to something else, you're going to be targeted," says Ministry of Peace founder Dr James Thring. "There were two conferences on this, in 1986 and 2000, organized by Gaddafi. Everybody was interested, most countries in Africa were keen."

Gaddafi did not give up. In the months leading up to the military intervention, he called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.

It is an idea that would shift the economic balance of the world.

A country's wealth would depend on how much gold it had and not how many dollars it traded. And Libya has 144 tons of gold. The UK, for example, has twice as much, but ten times the population.

"If Gaddafi had an intent to try to re-price his oil or whatever else the country was selling on the global market and accept something else as a currency or maybe launch a gold dinar currency, any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks," says Anthony Wile, founder and chief editor of the Daily Bell.

"So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward from moving him from power."

And it has happened before.

In 2000, Saddam Hussein announced Iraqi oil would be traded in euros, not dollars. Some say sanctions and an invasion followed because the Americans were desperate to prevent OPEC from transferring oil trading in all its member countries to the euro.

A gold dinar would have had serious consequences for the world financial system, but may also have empowered the people of Africa, something black activists say the US wants to avoid at all costs.

"The US have denied self-determination to Africans inside the US, so we are not surprised by anything the US would do to hinder the self-determination of Africans on the continent," says Cynthia Ann McKinney, a former US Congresswoman.

The UK's gold is kept in a secure vault somewhere in the depths of the Bank of England. As in most developed countries, there is not enough to go around.

But that is not the case in countries like Libya and many of the Gulf States.
A gold dinar would have given oil-rich African and Middle Eastern countries the power to turn around to their energy-hungry customers and say: "Sorry, the price has gone up, and we want gold."

Some say the US and its NATO allies literally could not afford to let that happen.

Category:

News & Politics

Tags:

• LeakSource
• Gaddafi
• Gold
• Dinar
• Currency
• NATO
• Invasion
• Libya

[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.

[1987jock]

Can someone provide a source for this?

Maybe a video or transcript of the conferences?

[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.

[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.

[DeBorah4675]

This would cause an invasion no doubt.

[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.

[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]

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.

[OutlawzAKA]

@peterb37

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