Female Bmi Great Britain

Libya: the key to understanding the conflict

"With energy, water and enough credit for infrastructure development, a nation can be free the grip of foreign creditors. That may be the real threat of Libya: can show the world what is possible. "

ELLEN BROWN and Chair of the Public Advocate Banking Institute


OIL" OR CENTRAL BANKS?

Several authors have noted the curious fact that the Libyan rebels took time out of his rebellion in March to create its own central bank, that before they had a government. Robert Wenzel wrote in the Journal of Political Economy:

"I've never heard speak of a central bank created in a matter of weeks a popular uprising. This suggests that the rebels are more than a lot of poor people in rags and that there are some pretty sophisticated influences behind his movement. "
.

Alex Newman wrote in The New American:
"In a statement issued last week, the rebels reported the results of a meeting held on 19 March. Among other things, these so-called revolutionaries ragged announced the "appointment of Central Bank of Benghazi as the monetary authority responsible monetary policies in Libya and the appointment of a governor of the Central Bank of Libya, with temporary headquarters in Benghazi."
. Newman cited

the Senior Editor of CNBC John Carney, who asked
"Is this the first time a revolutionary group has created a central bank, while still in the midst of the struggle against the entrenched political power? certainly seems to indicate the extraordinarily powerful bankers have become central to our time. "
.

Another anomaly is the official justification for taking up arms against Libya. They are supposed violations of human rights, but the evidence is contradictory. According to an article published on the website of Fox News on February 28: United Nations
While working feverishly to condemn Libyan leader Muammar al-Gaddafi to crack down on demonstrators, Human Rights Council is about to adopt a report full of praise on performance on human rights in Libya.

This document praises Libya for improving educational opportunities for making human rights a "priority" and to improve its framework "constitutional." Several countries, including Iran, Venezuela, North Korea, Saudi Arabia and even Canada to Libya have given positive marks for the legal protection offered to its citizens - now rebel against the regime and face bloody reprisals.

Say what you say about personal crimes Gaddafi, the Libyan people seem to be thriving. A delegation of doctors from Russia, Ukraine and Belarus, wrote in an appeal to Russian President Dmitri Medvedev and Prime Minister Putin, who after having become familiar with life in Libya, in his opinion in a few nations people lived in the same comfort:
"They [the Libyans] are entitled to free treatment, and their hospitals are equipped with the best medical equipment. Education in Libya is free and capable young people have the opportunity to study abroad at government expense. On marriage, young couples receive 60.000 dinars (about 50.000 U.S. dollars) of financial aid. The state provides loans without interest, and apparently, no date. Due to government subsidies the price of cars is much lower than in Europe, that are affordable for everyone. Gasoline and bread cost a dime, and agriculture is not taxed. The Libyan people are calm and peaceful, not Lebanese, and is very religious. "

note that the international community has been misinformed about the struggle against the regime.
"Who would not like such a regime?"
.

Even if it's just propaganda, there is no denying at least a popular achievement Libya's government to pipe water to the desert by construction of the irrigation project's largest and most expensive in history , the GMMR of 33 billion U.S. dollars (Great Man-Made River). Even more than oil, water is crucial for life in Libya.
.

The GMMR provides 70 percent of the population with drinking water and irrigation, pumping from the Nubian aquifer system in southern coastal areas populated 4,000 miles north. The Libyan government has made at least some things right.

Another explanation for the assault on Libya is that it is "all about oil", but here theory is also problematic. As noted in the National Journal, the country produces only about 2 percent of world oil . Saudi Arabia alone has enough spare capacity to offset any loss of Libyan oil production if the market disappeared. And if it comes to oil, why the rush to create a new central bank?
.

Another provocative information circulating on the Net is an interview with "Democracy Now" Gen. Wesley Clark (R), 2007. In it, the general said that about 10 days after September 11, 2001, another general told him that he had taken the decision to attack Iraq. Clark was surprised and asked why. "I do not know" was the reply. "I guess they do not know what else to do!"
Later the same general said the plan was to attack to seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan and Iran.

What do these seven countries have in common?
In the context of banking, one that stands out is that none of these countries is one of 56 members Bank for International Settlements - BIS (Bank of International Settlements - Internationaux Banque des Règlaments). That obviously puts beyond the reach of long arm of the central bank of central bankers in Switzerland.
. Most renegades

batch were Libya and Iraq, both of which have been attacked. Schortgen Kenneth Jr., writing on Examiner.com, said "six months before the U.S. to attack Iraq to topple Saddam Hussein, the country had begun to accept euros instead of dollars as payment for its oil, and that made him a threat to the global dominance of the dollar as reserve currency, and its dominance as the petrodollar . " According

Russian an article entitled "The bombing of Libya - Gaddafi's punishment for his attempt to reject the Dollar", Gaddafi tried the same thing: it began a movement to reject the dollar and the euro , and called on Arab and African nations use a new currency, the gold dinar. Gaddafi suggested the establishment of a united African continent, with 200 million people using the single currency. .

Last year, the idea was adopted by many Arab countries and most African countries. The only opponents were the Republic of South Africa and head of the League of Arab States. The initiative was viewed negatively by the U.S. and the European Union, French President Nicolas Sarkozy , calling Libya "a threat to the financial security of mankind" , but Gadhafi did not swayed and continued to push for the creation of a united Africa.

And that brings us back to the puzzle of the Central Bank of Libya. In an article published in the Market Oracle, Eric Encina observed:
"A fact rarely mentioned is that the Central Bank of Libya is 100% owned. Currently, the Libyan government creates its own money, the Libyan dinar, by means of its own central bank. Few can argue Libya is a sovereign country with its vast resources of their own, capable of sustaining their own economic destiny.
A major problem for the global banking cartels is that doing business with Libya must pass through the Central Bank of Libya and use their national currency, a place where they have absolutely zero control or power. therefore, overthrow the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy, but this is definitely the priority of the globalist agenda to absorb Libya into the hive of nations obedient. "
.

not only Libya has oil. According to the IMF, the central bank has about 144 tonnes of gold in their vaults. With such reservations, who needs to BPI (BSI), the IMF and its rules?
All of which leads to a closer look at the rules of the BPI and its effects on local economies. An article in the BIS website indicates that central banks are part of the Central Bank Governance Network * (1) should have sole or principal objective "to preserve price stability." They remain independent of governments to ensure that political considerations do not interfere with this mandate. "Price stability" means the maintenance of a stable money supply, even if it means creating more debt. Central banks are discouraged to increase the money supply by printing money and using it to benefit the State, either directly or as loans.
.

In a 2002 article in Asia Times, "The BIS versus National Banks", Henry Liu Jianchao stated:
"BIS legislation only serves the sole purpose of strengthening the international banking system, even at the risk of national economies. The BIS does to the national banking system that the IMF did to the national monetary regimes.
national economies under financial globalization no longer serve the national interest ... FDI [foreign direct investment] called foreign currency, mainly dollars, has been sentenced to many national economies to an unbalanced development for export, just to make interest payments in dollars, with little net benefit to national economies. "
He added: " according to the State Theory of Money, no government can fund its own national currency with all their development needs to maintain full employment without inflation."
This theory of state money refers to money created by governments rather than private banks.
.

The presumption of the rule prohibiting loans from the central bank itself del gobierno es que éstos son inflacionarios, mientras que los préstamos existentes en dinero de bancos extranjeros o del FMI no lo son. Pero en realidad todos los bancos, ya sean públicos o privados, crean en sus libros el dinero que prestan. La mayor parte del dinero nuevo hoy proviene de préstamos bancarios. Y tomar préstamos del propio banco central estatal tiene la ventaja de que el préstamo es sin intereses. Y está demostrado que la eliminación de intereses reduce el costo de los proyectos públicos en un promedio de 50% .
Y así parece ser cómo funciona el sistema libio. Según Wikipedia, las funciones del Banco Central de Libia son “la emisión y regulación de los billetes y Currency in Libya "and" the management and issuance of all government loans. " Libya's state bank issues the national currency and lends money for state purposes.
.

That would explain where Libya gets the money to provide free education and medical care and interest free loans of $ 50.000 for the newlyweds. Also explain the country where it got the $ 33 billion to build the Great Man Made River project. The Libyans are concerned that NATO bombing is perilously close to work, creating another threat of humanitarian disaster.
So is this new war for oil or by banks? Perhaps both - and water, too.

With energy, water and enough credit for infrastructure development, a nation can be free from the clutches of foreign creditors. That may be the real threat of Libya: can show the world what is possible.

Most countries have no oil, but new technologies could make oil-producing countries are not energy independent, especially if infrastructure costs are reduced to half of the bank loans of public property the nation. Energy independence would free governments the web of international bankers, and the need to move the production to foreign markets to pay debts.

If Gadhafi's government falls, it will be interesting to see if the new central bank joined the BIS, the national oil industry if it is sold to investors, and if education and health care are still free.
.
www.sinpermiso.info Translation: Antonio Zighelboim

Incorporated
The Matrix Project. EPM

NOTE:
* (1) Central Bank Governance Network: The group is chaired by Mr. Stanley Fischer (Bank of Israel). Its members are Mr. Stefan Ingves (Sveriges Riksbank), Mr Mervyn King (Bank of England), Mr Henrique Meirelles (Central Bank of Brazil), Mr. Duvvuri Subbarao (Reserve Bank of India), Mr. Axel Weber (Deutsche Bundesbank), Ms. Janet Yellen (Board of Governors of the Federal Reserve System), Ms. Zetia Akhtar Aziz (Bank Negara Malaysia) and Zhou Xiaochuan (People's Bank of China).