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The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels – they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn’t forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.” Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.
Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn’t it?
Most people don’t realize that the previous Central Bank of Libya was 100% state owned. The following is an excerpt from Wikipedia’s article on the former Central Bank of Libya….
The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.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?
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4 comments:
I have maintained that the "revolutions" we have been seeing have been hijacked from REAL popular uprisings due to corrupt governance and central banking induced poverty, but they have inexoriably been turned into the powerless, toothless images of the very thing they were started over. People, being good natured, have believed these things have changed the atmosphere and direction of the corruption BUT NOTHING IS CHANGING until the power people, bankers, politicians, multinational corporations are destroyed and the people take the responsibility upon themselves to re-engineer the structure to more accurately represent the people and their needs.
Until then it's just a regurgitated image of the same monster.
Proof the whole thing is a fraud that's been planned for a while, probably in Tel Aviv, DC and London. Revolutionaries don't form central banks and corporations while still fighting the revolution. Libya would be better off with Gadhafi than foreign bankers running the show. He may be a scumbag but at least he's their scumbag.
So, the rottenchild has established a bank in Lybia???
Hilary is having meetings with 'the rebel leaders' in London. Thats impressive seeing the leaders are fighting on the ground in Libya at the moment - no time for hanging out at the Ritz and shmoozing with Hilary I would have thought. What scum is she grooming
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