[Gregore Mortis]

http://allafrica.com/stories/201104200295.html

Libya: Nation and the Brics - Currency Wars, Imperial Wars and Popular Uprisings

"Recently, US financial journalists, speaking to their investor community, have begun highlighting some little-reported developments in Libya. Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank. This before they even had a government.

Robert Wenzel wrote in the Economic Policy Journal, "I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences."

In a statement, the Libyan rebels reported on the results of a meeting held on March 19. Among other things, the supposed "pro-democracy forces" announced the "designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi."

US senior financial editor, John Carney, has asked, "Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era."

Clearly there is something different about Libya."

"As a result, the Libyan government, up to now, could create its own money, the Libyan Dinar, through the facilities of its own central bank and insist that trade in oil must take place in its national currency (and not in dollars, as is the case with all the other major oil producers).

This placed Libya in the same advantageous position as the US, who, as the custodian of the global currency of trade, the dollar, can merely print money to expand its trade capacity without, as in the case of Zimbabwe, incurring disastrous inflationary consequences. In order to do business with Libya, banking cartels, oil barons and so on, had to go through the Libyan Central Bank and its national currency."

[Gregore Mortis]

Here's more about currency war and it's talked about as news.

<iframe width="420" height="315" src="http://www.youtube.com/embed/GuqZfaj34nc" frameborder="0" allowfullscreen></iframe>

[BigFoot]

Pretty interesting.

[xxdead_angelxx]

Conspiracy or not, this is an interesting topic to dwell into to.

[ernyzaz]

interesting post, its reality not conpiracy

[Blewvane]

It's a shame we will never know for sure.

[bdjackass318]

i believe there is some truth to this because there are worse leaders than he was.

[DavidRsAccount]

Can anyone secure that video/audio file? It's being censored and I want to upload it onto my own channel.

[Wadson]

I think the cultural impact on Libya will be alot worse. Now that theyre open to western propaganda it wont be long before feminism, gay rights and pornography show their ugly heads,, much like what happened to europe after WW2.

[Steve]

Originally Posted by Wadson ↗

I think the cultural impact on Libya will be alot worse. Now that theyre open to western propaganda it wont be long before feminism, gay rights and pornography show their ugly heads,, much like what happened to europe after WW2.

Are you being sarcastic?, I hope so.