NATO in Libya: Besides the Oil, Is It Also a Gold Robbery?
May 17th, 2011Pookie let me know about issue #5 of The Gold Standard (.pdf), which includes an interesting comment from this Wall Street Journal piece about Gaddafi’s vast gold holdings. The comment is no longer posted at the Wall Street Journal:
PvC from Belgium comments on Wall Street Journal Blog: “It seems to me that the war in Libya is not only an oil grab anymore, but a gold grab as well. It is reported that Libya’s central banks are hoarding 140+ tons of gold. The central banks are in three locations. Two of them were attacked. Too many coincidences piling up here…”
Here’s some more info on the gold via BBC:
The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.
Related: Libya’s Sea of Fresh Water Beneath the Desert, But Wait, There’s More
See, war pays for itself. It’s all good!
So what does this mean for the future? If the fiat currency masters of the world financial system want gold so much what is the reason?
I understand the significance of resources such as water, oil, agriculture, minerals, geostrategy, etc. in a global ‘endgame’/power centralisation scenario but what part will gold play? Jubilee with debt reset button and shift to gold as full or partial standard in a universal currency or regional currencies? Gold as stable financial platform and glue for an enlarged ‘European’ Union in the Project for the New European Century 🙂 and as guarantee its currency will stand head and shoulders above all others?
Jim Rickards, director of market intelligence for Omnis, explains: “The first country that goes to the gold standard will, in effect, dominate the world of finance because they will have the currency that everyone wants…Would you rather have a gold-backed dollar or a paper SDR?”
Comments on a GoldSilver.com video:
“Some believe it is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth.”
“In the months leading up to the military intervention, [Gaddafi] called on African and Muslim nations to join together to create this new currency that would rival the dollar and euro. They would sell oil and other resources around the world only for gold dinars.”
http://goldsilver.com/video/must-watch-gaddafi-s-golden-oil-plan-bomed-away-by-coalition-libyan-mission/
Also see the recent editorial on The Wall Street Journal calling for a return to the gold standard.
http://traderdannorcini.blogspot.com/2011/04/wall-street-journal-editorial-calls-for.html
Dan Norcini: “My own personal view is that the first nation to [return to a form of gold standard] will end up being the winner as its currency will be the strongest, assuming of course it takes the necessary steps to get its financial house in order.”
So, the IMF’s plan for a one world currency (bancor? SDRs?) is seriously threatened by any sovereign country’s adoption of a gold currency before the IMF themselves get something hashed out among the elites. And the elites are (naturally) fighting among themselves, as was seen this last week with the scandal concocted to take down the IMF head. Or so pookie surmises.
Thanks a lot, Pookie.
Bearing all that in mind I end up wildly speculating from my very limited understanding of these things about whether the USD and all it represents (The US’s military, their corporate backers and manufacturers and the knowledge and technology they have up their sleeves, huge areas of arable land, natural resources, gold reserves (assuming they’re still in possession of them), consumer base, finance and intelligence tentacles, etc.) will be…
* reborn
* integrated into a larger currency, perhaps a kind of global euro-dollar.
* strip-mined and appropriated by its debtors and elite vampires.
* ???
Also of interest to me is the (d)evolution of the US state et al. into something that reminds me more and more of ancient Rome and the rise of the Caesars.