Gaddafi’s Gold-Money Plan Would Have Killed the US Dollar

Posted on Nov 14, 2011 in Economic News, Federal Reserve & Bankers, Global & National News

Kevin Hayden –

Source: New American, Hayden’s Note near end

It remains unclear exactly why or how the Gadhafi regime went from “a model” and an “important ally” to the next target for regime change in a period of just a few years. But after claims of “genocide” as the justification for NATO intervention were disputed by experts, several other theories have been floated.

Oil, of course, has been mentioned frequently — Libya is Africa‘s largest oil producer. But one possible reason in particular for Gadhafi’s fall from grace has gained significant traction among analysts and segments of the non-Western mediacentral banking and the global monetary system.

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

Hayden’s Note:

Saddam did the same thing… Invaded and hanged.  Iran considers selling oil in Euros… The country is placed on the table for nuclear war.  Gaddafi mentions it… He is cornered and assassinated on the street.  

Who else wants to play suicide-roulette with the skewed US foreign policy and dollar supremacy?  No one else has the guns and cajones to play, except Russia and China, but Russia is quite cozy at the moment and China relies ON America for its supremacy.  It’s like all 3 countries are standing around a room together, ignoring the elephant.

And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.

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