Libya: All About Oil, or All About Banking?

Ellen Brown
Global Research
April 13, 2011

Note: As Ellen Brown writes in the following article, the war against Libya is not about Gaddafi’s treatment of protesters – it is about banking. Gaddafi refuses to play by the rules banksters impose on most of the rest of the world. Obama’s illegal war is also a continuation of the PNAC era plan to destroy Arab culture and force Muslims back into the stone age. Like Iraq before Bush Senior’s illegal invasion, Libya has an excellent health care system – thanks to its oil riches – and a remarkable civilian infrastructure for an African nation. Globalists and the neocon faction hate this and plan to turn Libya into a social and economic basket case like they did to Iraq, killing 1.5 million Iraqis in the process. The humanitarian chant we hear day in and day out in the corporate media is merely a thinly disguised pretense and cover for mass murder and destruction. –Kurt Nimmo

Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government. Robert Wenzel wrote in the Economic Policy Journal:

I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.

Alex Newman wrote in the New American:

In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the supposed rag-tag revolutionaries announced the “[d]esignation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

Newman quoted CNBC senior editor John Carney, who asked, “Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”

Full article HERE