The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels - they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn't forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has "designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi." Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.
Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn't it?
Most people don't realize that the previous Central Bank of Libya was 100% state owned. The following is an excerpt from Wikipedia's article on the former Central Bank of Libya....
The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.
Since the old Central Bank of Libya was state owned, it was essentially under the control of Moammar Gadhafi.
But now that Libya is going to be "free", the new Central Bank of Libya will be run by Libyans and solely for the benefit of Libyans, right?
Of course it is probably safe to assume that will be the case with the new national oil company as well, isn't it?
Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be "free" the people of Libya will be able to work hand in hand with "big oil" and this will create a better Libya for everyone.
Right?
Of course oil had absolutely nothing to do with why the U.S. "inva---" (scratch that) "initiated a kinetic humanitarian liberty action" in Libya.
When Barack Obama looked straight into the camera and told the American people that the war in Libya is in the "strategic interest" of the United States, surely he was not referring to oil.
After all, war for oil was a "Bush thing", right? The Democrats voted for Obama to end wars like this, right? Surely no prominent Democrats will publicly support this war in Libya, right?
Surely Barack Obama will end the bombing of Libya if the international community begins to object, right?
Obama won a Nobel Peace Prize. He wouldn't deeply upset the other major powers on the globe and bring us closer to World War III, would he?
Russian Foreign Minister Sergei Lavrov has loudly denounced "coalition strikes on columns of Gaddafi's forces" and he believes that the U.S. has badly violated the terms of the UN Security Council resolution....
"We consider that intervention by the coalition in what is essentially an internal civil war is not sanctioned by the U.N. Security Council resolution."
So to cool off rising tensions with the rest of the world, Obama is going to call off the air strikes, right?
Well, considering the fact that Obama has such vast foreign policy experience we should all be able to rest easy knowing that Obama will understand exactly what to do.
Meanwhile, the rebels seem to be getting the hang of international trade already.
They have even signed an oil deal with Qatar!
Rebel "spokesman" Ali Tarhouni has announced that oil exports to Qatar will begin in "less than a week".
Who knew that the rag tag group of rebels in Libya were also masters of banking and international trade?
We sure do live in a strange world.
Tonight, Barack Obama told the American people the following....
"Some nations may be able to turn a blind eye to atrocities in other countries. The United States of America is different."
So now we are going to police all of the atrocities in all of the other countries around the globe?
The last time I checked, the government was gunning down protesters in Syria.
Is it time to start warming up the Tomahawks?
Or do we reserve "humanitarian interventions" only for those nations that have a lot of oil?
In fact, atrocities are currently being committed all over Africa and in about a dozen different nations in the Middle East.
Should we institute a draft so that we will have enough young men and women to police the world with?
We all have to be ready to serve our country, right?
The world is becoming a smaller place every day, and you never know where U.S. "strategic interests" are going to be threatened next.
The rest of the world understands that we know best, right?
Of course the rest of the world can surely see our good intentions in Libya, can't they?
Tensions with Russia, China and the rest of the Arab world are certainly going to subside after they all see how selfless our "humanitarian intervention" has been in Libya, don't you think?
In all seriousness, we now live in a world where nothing is stable anymore. Wars and revolutions are breaking out all over the globe, unprecedented natural disasters are happening with alarming frequency and the global economy is on the verge of total collapse.
By interfering in Libya, we are just making things worse. Gadhafi is certainly a horrible dictator, but this was a fight for the Libyan people to sort out.
We promised the rest of the world that we were only going to be setting up a "no fly zone". By violating the terms of the UN Security Council resolution, we have shown other nations that we cannot be trusted and by our actions we have increased tensions all over the globe.
So what do all of you think about what is going on in Libya? Please feel free to leave a comment with your opinion below....
I am so sick of all this greed for oil. As a American I am ashamed once again of the military and their invasions. I do not get why war seems to always be the only solution as the death rate is so high and ridiculously unnecessary. I understand every human is entitled to freedom, but look at the whole picture! Look at the natural disasters occurring. Look at the starving children who have nothing. If ppl cant be civil and maturely handle their differences why go and feed that crap? There are children dying all over the globe because their voices cant be heard…
It wasn’t for the oil with Libya! It was to help oppressed and savagely treated people! KaDaffi was BAD. They are anew to their freedom. like anything in a richer recource producing country, there is a recource that the whole world is going to need! Could be, poppy seeds or potatoes if it were somewhere greener. I’m glad that we spent money out of that money we have to pay back to other countrys, like the U.S. is in with it over Chinas loan, To see a good power change in a country that they have needed help doing what they finally did, for a long time! Who desighned that Economic plann for the new Libya Central Bank? How long did the oil Co. generate for the new Gov. planns? I want to say, Its about time, World. Libya has been waiting on you! Kudos, Economics Doctors!
RE: This is awful journalism with loaded questions and insanely biased wording.
Dano, how about giving us a little more to go on here point by point. Otherwise you are just saying stuff without any supporting arguments.
You know these guys are bad, but I have to agree with some of the comments, we let this happen… Don’t get me wrong, there isn’t a whole lot we can do now, but we could have not elected Obamaboo. This will probably get me thrashed, but the only reason he was elected is his race. Honestly take a step back and look at it. Black people finally had a chance to have a black president, as well as progressive Caucasians who thought it would be wrong to vote for a Bush lookalike.
I am not racist, I do not hate Obama because of his race, I hate him because he is either consciously, or ignorantly taking our country to the cleaners. Our national debt has gone up more in his administration than EVERY OTHER PRESIDENT IN HISTORY!!!! But we can afford to send BILLIONS of dollars to Chile and MILLIONS more to the oil war in Libya and how about going golfing at least as many days as he’s in the White House? Or maybe a unspoken moratorium that is still in effect for the Gulf, or what about helping Japan, or doing anything productive with our country. Well, as long as he has his priorities in line…. I could go on to list all of his STUPID mistakes in the last 3 years, but I don’t feel like typing anymore.
Obama won a Noble peace prize. Russia is about to strike nukes at peace loving americans. You guys are pathetic. Those forces fighting Gaddafi are another Alqaeda.
Obama with his fake birth certificate should stop printing money in billions and get US army back where they belong.
Obama is more peaceful than any republican alive. Of course you only attack democrats here. One currency will stabilize all countries and lead to a better planet.
lol, you’re funny.
I have sympathy for the Libyan opposition and I support the cause, I am however a realist. I don’t see the rebels winning, and I predict that very soon that pro-regime forces will enter Benghazi and will decimate the opposition. The coalition is failing at removing the Libyan leader. They may destroy his equipment, they may freeze his assets, and they may ostracize him in the world community. In the end, though, he will be standing on the corpses of his opponents and will stay in power.
It is all part of the plan for the New World Order. Now that the Monetary System is in the hands of a member Bank of the World Bank they care not who is in office, for it is the Bankers that will rule the country from behind the scene.
Before we invaded Iraq, there were six nations which did not have a Rothchild-controlled central bank. Post-Iraq and Libya, we now have four such nations: Sudan, North Korea, Iran and Cuba. Who are we invading next?
After America bombed itself the WCT we all had to know that this is the beginning a New Era when every horror made by man against man is possible. About America being the first criminal of the New Era I knew from the moment when they bombed in the middle of Europe one of the most marvelous cities – Belgrade, the capital of the most developed east-European country. And please notice that there is no oil in Belgrade. But Yougoslavia was too powerful and had to be destroyed.
Obama’s lack of an exit strategy is nicely matched by the absence of an entry strategy. What fascinates me was when he said “dark forces” in Iran. Some Bush speechwriter clearly stuck around for that line.
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The world is never enough
The world bankers spend their time plotting out how to gain more and more control of an ever expanding regime.
What do you spend your time doing?
When we are not busy trying to make a living, half of our country is watching American Idol and the other half is watching one of the various ball games with a beer.
Who is going to be better at chess.
Governments, corporations and bankers rely on the ignorance of the people.
@ impeachRonPaul
Either you are a brilliant satirist or your comment is one of the most naive assessments I’ve ever read! Do some thorough unbiased research and then get back to us.
not to mention the healthy dose of depleated uranium falling down on Libya by US forces. even if they are not aimed at the civilians, they are the ones that will pay with their health and childrens’ for many more years to come. just like Iraq’s people are suffering from it now. special interest is all it boils down to!
Who is this “we” to whom the author repeatedly refers? I think he must mean “the US government.”
When do the wars against Saudi Arabia, Bahrain, and China begin? They kill their own citizens.
Usually the debt fist of Wall Street is enough to bring foreign countries to their knees, but without a mainstreadm indigenous bank in there they have no power over a country. So they have to send in the military to put one in and then they can steal their resources at their leisure.
It’s absolutely repugnant that Wall Street psychos invade sovereign nations. They show the basest of hypocrisy and deceit when they make out they are on a humanitarian mission.
Contrary to others, I don’t have much sympathy for the Libyan rebels. They decided to pick up weapons and they should expect to be shot back at.
By backing them (and not the *peaceful* protesters in Bahrain, for example), the United States has sent a message to the world. The message states that the US believes that those who disagree with their government should take up arms and begin shooting (all this despite Rep. Giffords, btw). The USA will support and arm guns-ablazin’ militias, but will gladly watch as others who have chosen peaceful methods are gunned down. That’s the message. NATObama is a hypocrite. It’s Imperialism sporting a new mask. This is all about control and dominance of the region.
Time to vote out the DINOs, especially DINO Obama, in next year’s Democratic Primaries. Vote only for Progressive Democrats.
This is truly disgusting, War for Oil and for Greed. bring out troops home
Wow, we can see who the paid shill trolls are. Funny when paid troll shills like Dano and impeachronpaul come out and play
Whether or not we are now selling our own oil or have a central bank is all irrelevant. Why does everyone think that the west is only interested in the oil?!?
To be frank, the Libyans never got it, Gaddafi used the oil for his own self interest and projects. Western oil companies were free to do business in Libya, and foreign companies were acting in Libya!
So the west and the oil companies were already doing very nicely thank you! Protect ourselves? Well how? The west and east — Russia & China — had already trained and armed the Gadaffi’s private militia at the expense of our army and the volunteers who are now fighting! We didn’t choose to go all out and fight, we were being butchered and massacred and had no other option.
So let’s cut the crap and BS that you’re printing and have a little respect for the 1000′s if not 10′s of 1000′s that have died. and the 10′s of thousands picked up tortured raped and beaten!
Life for Libyans in Libya at the moment aren’t doing too well. Yes there are people who support him, but then there were people who benefited and supported Hitler & Pol Pot!
Libyan, you are either a Hannity follower, a paid shill or both. You are on the wrong side pal.
BS Libyan!
Libya was one of the last Utopias left in the world! Free Education, Medical, zero Interest banking and cheap gasoline… The rest of the world should be so lucky…
Nothing to say what will happen in Libya in the next days. There are many interests and strong power is coming out.
Let me show you that Turkey, the biggest Otan’s ally, has put on hold its business on F35 plane with Usa. The country was reportedly concerned that the US was not sharing its source code for the plane, and that these code secrets could be turned against Turkey if they attacked a US ally.
If Tukey walk on this road, let me say something is going on very quickly.
It is rather obvious that we want control of not only the oil, but the “oil money”. Maybe this deal was actually structured by the Bernank. Something is going on here all right, and we should have never been involved. Obmama’s crass disregard for American interests, incurring more debt by warring in Libya is unthinkable. The American people are being scammed until they do not have a dime left.
Yes, oil is a big part of this picture, but even bigger is setting up the places for the Muslim Brotherhood to take over . Then you will have radical regimes like Iran and the power to move forward and conquer….
Obummer is just “helping out his friends”
Look around folks we are surrounded by the Brotherhood too.
All of this is setting up the New World Order…..
all is b’coz of GREED!!!! US Government is a puppet of an GREEDY SATANIC PUPPETTERS!!!
Hopefully this war for oil will be more effective at getting oil and less costly than the last one.
It is a civil war. Let them all be left to their own devices. America has enough problems. I thought the nation awoke to decide that being world cop was (a) impossible and (b) too expensive. Of course, no American or Nato intervention has ever occurred in Zimbabwe, and there have been WORSE atrocities there over the years of Mugabe’s rule. No oil. QED. Shame USA shame.
Seem like everytime i mention the CIA involvement in war with third world countries my message is removed, I don’t blame them .I wouldn’t want the world tro know they are responsible for more than six million deaths since 1947. In every goverment that is overthrown and their leaders replaced. Sometimes by assination. Alway with leaders who serve Washington. If they are no longer useful to our goverment they are places. I am amazed how easily American people are duped into believing that these wars are not about power and control of the middle. Power and money is the aim of Washington. Don’t dare look at the CIA records and their involvement in countries where leadership has changed. many dictators were trained in Fort Benning, Ga. at their training Center. This is no secert. look it up. many terroist are trained there fo covert operations. All in the interest of corportate control of these nations. I foolishly thought Obama was different. sold us out just like Bush. How long before CIA has us in Iran. Don’t be concerned! Young people because you will pay for these wars as long as you live.
You know what “We the People” we act like we have no responsibility as the people for the people we put in office!!!! We put them in office year after year!!! We are terrified to elect a Donald Trump or to elect independents or to put Sarah Palins in Office! We keep voting in the same trash year after year and keep getting the same results….so who’ to blame for our Country? Wake Up ‘WE THE PEOPLE”
wswhen you have idiots like max hardwood blurring the real issues with ludicous accusations about russia, you understand why many people do not know how to repond to the apparent hypocrisy of the U.S. government under the past two administrations
I thought Alqaida is #1 enemy that we still morn our mistake with when we helped militarize them against the Russians! We out of a sudden see bad dictators like Qaddafi and Saddam much worse than Alqaida suspects like the Libyan revolutionaries! Are we going to morn our mistake again when time comes to blame it all on the Alqaida again? Apparently, Muslim fanatics are NOT our main enemy as long as we could use them in our struggle to control the money and wealth of other nations. Who cares if they hate us or if they abuse their women? Right? Oil and money is our business, and anyone who is not a threat to our business is not our enemy. I must be more specific and accurate when I say “ours” as it mainly means only the “elites’”
Libya- It’s only less than 5% of Libyans that oppose Qadaffi. And you can’t class the rebel forces as civilians if they are armed with anti-aircraft/ anti-tank weapons, machine guns, rifles and pistols.
It seems that this is another grab for oil using standover tactics by the UN and puppet master USA.
America is going down the sh*t tubes economically so fast that they will take down the rest of the world with them.
How many billions of dollars are they going to waste this time, and send the USA further down that sh*t tube and closer to starving their own people and economy??
The good people of the USA should wake up to themselves and overthrow their own oppresive government and send their leaders to The Hague to be tried for war crimes against humanity that they’ve been doing since the Vietnam war.
What do you think?
Libya was one of the few countries that had no Rothschild central bank; now it has one. And in all honesty, I think the bank is more important than the oil, so the US is getting a raw deal as the murderous illegal state that annexed Palestine, Israel, establishes another bank backed by the owners of the world, the Rothschild.
Iran and North Korea will be next. And the whole plan will fall into place.