Friday, September 30, 2011

Libya: The World's Largest Bank Heist

Since the beginning of the revolution in Libya in February 2011 and the months following the intervention of the coalition forces of United Kingdom, France, United States and Canada, the world has been fixed on the events that has crippled the 42-year rule of Muammar Gaddafi. His strong rule of the country began with the ousting of King Idris I in 1969 and the abolishment of the 1951 Constitution. Monarchy was replaced with Kleptocracy, whereby he and his family benefited from the wealth of the country. Although social programs thrived in Libya, these were used to coerce votes and bribe support of his propaganda brain-washing of the poor and middle-class citizens. Unlike Saddam Hussein in Iraq, Gaddafi was sutle with his use of force on the people and used it to control uprises by opponents wanting to reestablish the former constitution while he governed the country.

So why is it necessary for the World's Super Powers to intervene now? The United States could have crippled Gaddafi in the 1980's under President Ronald Reagan and controlled Libya's oil reserves. Gaddafi's history with Human Rights could have had him exiled by the United Nations (with military force). All things considered, the Super Powers did not need his resources in the 1980s -- just lower oil prices. Attention on Iraq and internet technology was the focus in the 1990s. After 9/11, Al Qaeda, the Taliban, Osama bin Laden and the War on Terrorism was the concern in the last decade. Meanwhile in the past 30 years, Gaddafi witnessed how Western and European governments conducted international business. He built up his wealth, increased his military and solidified his influence with neighboring countries to mimic Western and European coalitions. He was working on a plan for an African monetary standard that would be shared like the Euro. This idea would isolate Europe, which needed Libyan oil. With 140 tons of gold and rich investors from African nations, this would be Gaddafi's anti-imperialist move on the chess board of the African continent.

The 2008 recession of United States and European banks had left these economies looking for relief. The old cries of Human Rights violations are heard again from the poorest of Libyan citizens. But, now they are listened, because the Western and European governments have a need (a greed) to balance a ledger of international deficits. Nations that based their economy on credit instead of gold now seeks what they do not have -- a true treasury. These nations have found Gaddafi and seek to oust him similar to his 1969 coup.

Yes, Gaddafi is guilty for the Human Rights mistreatment of Libyan citizens.
Yes, the upper class benefited from Gaddafi's propaganda rule.
Yes, Gaddafi wanted to strengthen the African continent economically.
Yes, the Libyan central bank was seized as payment to nations that continue to support the Libyan rebels.
Yes, Imperialism continues to exist.
Yes, there is no honor among thieves.