Sunday, April 10, 2011

Regime Change Libya: Privatization of their Central Bank and the Theft of their Nationalized Oil Profits

“Give me your hungry, your tired, your poor, I’ll piss on em, that’s what the Statue of Bigotry says
Your poor huddled masses, let’s club em to death, get it over with and dump them on the boulevard” -- Lou Reed

Scott Creighton
American Everyman

There is no question anymore as to why the Obama administration is attempting to impose a change of the regime of Libya.

On March 17th I wrote about the invasion of Libya being about two main objectives: privatizing the national oil company and the state-owned central banking system. I pointed out that the US and British inserted language in the UN resolution that allowed them to freeze the accounts of the nationalized oil company as well as the central bank of Libya. Well, before they have even won their coup, the CIA backed pro-west opposition has taken the time to announce that they have formed a new national oil company and central bank. Obviously they have allowed our neo-liberal economic hit-men to write-up the legal documentation for this action and I am sure it hands over control to multinationals outside Libya.  This is why so many globalist apologists and neo-liberals have been running around the last week claiming that the real government in Libya is the Transitional National Council.

It has always been about gaining control of the central banking system in Libya. Oil is just a profitable side issue like every other state asset that is waiting in Libya to be privatized and sold off to multinational corporations like Bechtel, GE, and Goldman Sachs.  Oil is important and it is certainly a target but it isn’t the driving force behind these global wars for profit. Banking is.

Once the Coalition Provisional Authority took over in Iraq, the second thing they did, after signing a law banning the Baathists and disbanding the military, was to sign over the state-owned central banking system to privately held banking interests, bringing Iraq online with the web of private central banks. That took place the very first day of the CPA’s control of Iraq.
“United Nations resolution 1483 transferred the authority to authorize expenditures from Iraq’s oil revenue from the United Nations to the Coalition Provisional Authority… The International Advisory and Monitoring Board consisted of senior financial experts from the United Nations, the International Monetary Fund, the World Bank... 
… After the U.S. military came in and took over Iraq, the CPA quickly began issuing many binding orders privatizing Iraq’s economy and opening it up to foreign investment. This was welcomed by many multinational corporations who saw the war as an opportunity to make billions of dollars in profits.“  Wiki
If you control the issuance of money in a country and can turn huge profits while enslaving the population with the debt that it produces, then everything, everything including the oil and everything else, belongs to you.
“You control the debt, you control everything. This is the very nature of banking. To make us all, whether it is a nation or an individual, slaves to debt.” -- The International.
That is why control of the central bank was far more important than the oil in Iraq or in Libya.

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1 comment:

Anonymous said...

The so-called "rogue" nations are those with public central banks - everyone of these is under attack by the banksters in some way. There are determined to preserve their debt-money slavery

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