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Libya has been one of the last nations in the world that had its own state run banking system, and control over its own money supply. By having this system in place, they could demand oil purchases from their oil fields to be made in Lybyan Dinar, and not the US Dollar. It also means that Libya has ensured themselves a stable economy, with little inflation and currency devaluing as most of the industrialized world has under private central banks.
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.
Originally posted by deutschbag
Very interesting, I figured something like this would turn up. Everything big on the world stage usually has something to do with international finance and those who dont play along are dealt with, harshly
Originally posted by Paulioetc15
What Libya supposed to be a Europe war instead of America's? It's mostly Europe war with our US military backing.
Originally posted by B4Truth
there are 4 more countries that dont have a central BANK Iran is one of them !!!!!!!!
Originally posted by TheLaughingGod
This was obvious from the start.. we kept saying it but the sheep(hate using the word but it's appropriate) on ATS thought it was callous:
"How dare you?! This is a REAL revolution, these people are fighting for their freedom!"
Yeah... see where that gets 'em. Fools! Same mf'ers that voted for Obama.. gullible children..
Sorry.. I'm disgusted with humanity right now, I have nothing more to say. Hate being a pessimist but this was written all over these Middle Eastern revolutions.