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"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.
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.
"Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power."
"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.
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.
"Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in aninterview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power."
I've heard this before, too. I also heard that this was the exact and REAL reason why we went into Iraq, too. I think alot of countries, especially those in the Middle East, are tired of the status quo and bowing to the most powerful and still only real superpower left, the US, but they won't succeed...Bretton Woods system - Wikipedia, the free encyclopedia , Nixon Shock - Wikipedia, the free encyclopedia
"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.
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.
"Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world's central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power."
I see a problem here. I heard a rumor (only a rumor) that we went into Iraq because Hussein too wanted to trade oil in the denar. In the video, it says Hussein wanted to trade in the Euro. Isn't the Euro also tied to the dollar? I have a friend who invested in the Iraqi denar, being promised that one day it will be worth far more than he invested.
I see a problem here. I heard a rumor (only a rumor) that we went into Iraq because Hussein too wanted to trade oil in the denar. In the video, it says Hussein wanted to trade in the Euro. Isn't the Euro also tied to the dollar? I have a friend who invested in the Iraqi denar, being promised that one day it will be worth far more than he invested.
Saddam and Gadhafi were acceptable to us as long as the oil was traded only via the US dollar. When they wanted independence from the dollar, we bombed them. They didn't want to go from the dollar to the Euro, it was to the Dinar, which is worthless and always will be, so don't buy it.
Saddam and Gadhafi were acceptable to us as long as the oil was traded only via the US dollar. When they wanted independence from the dollar, we bombed them. They didn't want to go from the dollar to the Euro, it was to the Dinar, which is worthless and always will be, so don't buy it.
My friend tells me that once Iraq is a fully-functioning independent nation with a rebuilt and robust economy the denar will have value.
If the denar is made of gold , it will be of value. This story doesn't surprise me one bit. The central banks of the US and England call the shots.
I had heard a report that Kennedy was pulling the plug on the Fed and all of a sudden he is shot...
Let a current day president eliminate the Fed and he better have someone like Jesse Ventura as VP if they want to live. I would be curious to see Ron Paul as president as he is the only one that has supported this long overdue idea.
My friend tells me that once Iraq is a fully-functioning independent nation with a rebuilt and robust economy the denar will have value.
I knew someone who was buying the dinar dirt cheap... if you are a gambler and have money to burn - go for it, and pick up some Greek bonds while you are at it.
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