Why is it that most of our Western MSM aren’t teeing off on that Grey Lady bombshell by David Sanger…? Rebel Arms Flow Is Said to Benefit Jihadists in Syria, I mean seriously…?
Is it because we’re using the very same, Libyan template, or more specifically, what we really were doing in Benghazi…?
To start off, please read our official ‘Fact Sheet’ that Foggy Bottom touts…U.S. Government Assistance to Libya… Do take note of this…[Editor's Note: Ambassador J. Christopher Stevens died from injuries he sustained in an attack on the U.S. diplomatic post in Benghazi, Libya, September 11, 2012. Secretary Clinton's Remarks; Statement] And, why is it that when you search the DoS website to locate the Benghazi ‘diplomatic mission’, you won’t find it…?
Could it be that it never existed until ‘Ambassador’, err.. ‘Envoy’ Stevens first stepped ashore, of a freighter ship… U.S. envoy Chris Stevens arrives in Libya to help opposition fighters…
Chris Stevens, a former U.S. Embassy official in Tripoli and the highest-ranking U.S. representative to travel to Libya since the uprising began, will explore ways to open the funding spigots for an opposition movement that is desperately short of cash and supplies, a State Department spokesman said Tuesday.
“We’re well aware that there’s an urgency,” spokesman Mark Toner told reporters. “The Transitional National Council does need funding if it’s to survive, and we’re looking for ways to assist them.”
But Stevens, who was expected to remain in Benghazi for several days, brought no fresh promises of political or military support from Washington, which has declined so far to either arm the rebels or grant symbolically important diplomatic recognition. Italy joined France and Qatar on Monday as the first states to formally recognize the Transitional National Council as the legitimate government of Libya, with Kuwait and several other countries considering similar moves.
From Wiki on Benghazi…
…On 15 February 2011,[13] an uprising against the government of Muammar Gaddafi occurred in the city.[14] On 21 February, the city was taken by Gaddafi opponents, who founded the National Transitional Council days later.[15] On the 19th of March it was the site of the turning point of the 2011 Libyan civil war, when the Libyan Army attempted to score a decisive victory against the NTC by attacking Benghazi, but was forced back by locals resistance and intervention from French Air Force authorized by UNSC Resolution 1973 to protect civilians, allowing the rebellion to continue…
Now, if I haven’t been clear enough… Deadly Attack in Libya Was Major Blow to C.I.A. Efforts Benghazi was the Salafist heart and soul of the NTC, and, it was NATO bombs(and Israeli) that toppled Gaddafi…!
Btw, as Libya’s National Congress just ‘elected’ it’s third Prime Minister, in nine months, another Nato stoolie…!
Anyways, so how’s that Democracy working…?
Ali Zidan elected Libya’s new prime minister
…Local observers see him as a liberal with a strong personality, says the BBC’s Rana Jawad in Tripoli.
He served the former transitional government as its Europe envoy, and was seen as a key player in convincing the ex-French President, Nicolas Sarkozy, to support the uprising against Colonel Gaddafi.
His election comes at a critical time, with security still not established across the country and western Libya seeing outbreaks of renewed violence, our correspondent adds…
Now, let’s truly follow the Money…
…In the years since the first post-9/11 invasion, “real” reasons have abounded regarding the various countries provided with “democracy” by the United States.
These reasons include vast oil reserves, oil pipelines,[1] opium fields, strategic positioning, no-bid contracts for the defense industry and military-industrial complex, and mineral deposits.
All of these suggestions are both completely valid and accurate.
Yet, as mentioned above, there is rarely only one reason for such an undertaking of military force.
However, there is one reason for military intervention that is rarely discussed, even in the alternative media, in this context – the goal of total domination by the private central banking system. {…}
Libya
Yet, if developing an Iraqi central bank before the bombs finished dropping seems a bit premature, consider the case of Libya and the NATO-backed Libyan terrorists who announced the creation of a new central bank of Libya before foreign forces ever became involved.
Libya, of course, is an example of a much more successful model of government-run central banking. Regardless of Ghaddaffi’s individual and personal crimes or his iron-fisted nature, it cannot be denied that the living standards of the Libyan people were far above that of any nation in Africa.
Even the regime’s penchant for cruelty seems to have shown signs of fading in recent years. After all, even as the assault on Libya began taking form, the UN Human Rights Council was set to praise Ghadaffi on the improvement made to the legal protections afforded its citizens such as “bettering its ‘constitutional’ framework” and “making human rights a ‘priority.’”
Left to its own devices the Libyan regime had managed to take a country mainly made up of desert and warring tribal factions and form a cohesive nation-state which afforded its people with comforts not seen inside the borders of “world leaders” like the United States and Britain. {…}
…Prior to the success of the “peaceful Libyan protesters” (some proved to be al-Qaeda extremists) with the help of the United States, France, and the rest of NATO, Libya created its own money, the Dinar, through its central bank. Unlike “free” nations such as the United States, which has farmed out its Constitutional responsibility to private banks, the Libyan issuance of currency was an entirely government-based affair.
In addition, according to Patrick Henningsen of Market Oracle on March 28, 2011, “Libya also holds more bullion as a proportion of gross domestic product than any country except Lebanon, according to the London-based World Gold Council using January data from the International Monetary Fund.”
In fact, Ghaddafi was working toward backing the Dinar with the country’s vast gold reserves, thus posing a big threat to the world of fractional reserve fiat bankers.
All of these advancements were thrown away and destroyed with the NATO-backed assault on Libya and the subsequent murder of Ghaddaffi. What did emerge, however, was the new Libyan central bank.
Announced relatively early on in the destabilization campaign, the Transitional National Council declared 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.” It is also noteworthy to mention that immediately after the official creation of the new bank, the newborn institution actually signed an oil deal with Qatar, an Anglo-American client state and brother-in-arms of brutality.
Geopolitics aside, the very description of the new Libyan Central bank, the Central Bank of Benghazi, leans toward the fact that the new bank is the opposite of the old one – meaning, the new bank is private. Furthermore, the new bank is not beholden to the Libyan government (where one exists or may exist in the future) but operates independently “as a monetary authority competent in monetary policies in Libya.”…
Wtf, Over…? *gah*



11 Comments

If you are arguing that the policy is neoliberal and imperial, you are also arguing that it hasn’t failed—yet.
As for the money flowing to jihadists in Syria, there is a much simpler explanation. The money and arms are sourced in Saudi Arabia and reflect Saudi policies much more than they reflect American policies.
Here is a relatively straight-forward article about what is going on with Libyan banking: Libya Pushing Ahead with Islamic Banking
There are a lot of provisional things that were done by the NTC when it was formed in response to the revolution that no longer apply. It seems that the change of regime caused the takeover of the existing state-owned Central Bank of Libya and the return of the the Benghazi branch to CBL operation. Although I’ve not seen that stated explicitly.
Are central banks the target of imperial wars? And not oil resources? Or just geopolitical influence? That is a question to explore because it would mean a shift in focus. It also puts developed world central banks in conflict with each other, jockeying for advantage. Again, something to watch and explore.
I can find no verification outside of the lefty blogs of the Central Bank of Libya being privatized, nor the position of the Benghazi branch as anything other than a subsidiary branch in Libya’s second largest city. It seems there would have been a notice in the business press somewhere to that effect.
*heh* …The licensing option is still under discussion because authorities have yet to agree on capital requirements.
Libya’s banking system under the Gaddafi regime was dominated by a few state-owned institutions; most ordinary Libyans did not use credit cards and their banking services were largely limited to basic cash deposits and withdrawals, making it easier for Gaddafi to keep control over the economy and society.[Oh the horror, btw, that was(is)basic Islamic banking!]
The country’s new authorities want to develop the financial sector and the central bank has been looking to update a 2005 banking law which first allowed foreign banks into Libya.
Asked whether planned changes to the law might mean that Libya would start awarding new foreign bank licences soon, Elkaber said that topic was under assessment.
“We asked the World Bank to do a financial sector review – they sent the first draft and we need to review it. Then we will decide,” he said. “But Libya will be an open market anyway, for everyone.”
I’m positive that’ll fix what ails them, Tarheel…! ;-)
Bankers may been one of the reasons. Do you remember that Goldman’s had advised Gaddafi to buy some securities and they lost a bunch of money. Gaddafi or his son threatened their lives and they agreed to reimburse the funds. That was unheard of and it didn’t stay in the press long.
If you read Osama bin Ladens letter to the American people, Anglo American banks aren’t going to take over.
It sounds like whomever made the statement is already good at politics: “But Libya will be an open market anyway, for everyone.”
I think the bankers are making a play for domination -at least as much as they can get their scummy hands on, for what it’s worth (not much).
But IMHO think that what is happening that there was a confluence of interests who were willing to take him out at this time. It’s in our Imperial Interest to stop the virus of independence before it spread, even if he was a measure better than Mubarak and the rest in the ME. This old kook wanted to reopen the investigation into the death of Olaf Plame for gods sake! He mentioned this in his speech at the UN that everyone made fun of. Sarkozy perhaps thought it might get him re-elected. Qatar wanted to expand their influence, and they got the gas deal.
Two other events make me think this is a banker’s coup and it’s been a long time in the making.
Merkel was going to demand a that the investors take a hair cut in Greece. Josef Ackermann, lobbyist for the banks flew to Germany and put the kabosh on that.
At the time of Germany’s Unification Alfred Herrhausen the head of Deutsch Bank was assassinated. Other bankers complained he was not on the same page as the other bankers. He was a progressive banker and wanted to discharge all of Poland debts and actually help them spur their economy and growth rather that just forcing them to service it and privatize industries.
He was supposedly killed by the Red Army Faction (3rd generation)-which was likely infiltrated by western intelligence. He had a lead car and tail car but the lead car was called off or it would have triggered the bomb. The perpetrators were never identified.
Anyway this happened when the Euro project was being put together.
Seems each time Germany is asked to lead, someone else is dictating the policies while they front for the international banks, but they are painted with the Nazi brush and beat with the guilt club.
http://www.prouty.org/letter7.html
Its interesting what Col Prouty said in one of his videos, that private interests hire out cia private assets too, to achieve their goals and that includes taking people out.
http://www.dialoginternational.com/dialog_international/2009/11/alfred-herrhausen-assassinated-20-years-ago.html
Anyway, no western bankers are going to dominate the libyan economy with a bunch of Islamists running around. The oil sector will be denominated in dollars though.
Because it wasn’t a diplomatic outpost, it wasn’t a consular facility or office, nor did it come under the commercial attaché it was a CIA station. Which is why it was attacked.
I don’t agree with your title. There’s nothing even slightly failed about American foreign policy. They’re managing to start all the wars they and their Zionist front-men in Israel want to start.
mfi
Truth comes-a-trickling from lamestream media :
http://online.wsj.com/article/SB10001424052970204358004577029531381366726.html
http://www.reuters.com/article/2011/11/10/us-libya-idUSTRE7A96A920111110
Thank you, CTuttle, for a very perceptive analysis here. We just saw a staged Benghazi ‘moment’ in the debates in which all participants made the attempt to deflect the public from realizing what is happening in Libya and will happen in Syria as these kinds of deals are made. It all began in Iraq, at least this era’s management of priorities, and I really doubt the public can be hoodwinked much longer, (though I never cease to be amazed at the willingness of some not to believe their lying eyes.)
Perhaps it is fear that blinds us to the truth, but didn’t someone somewhere sometime say that the only thing we have to fear is fear itself?
In concert with CTuttle’s theme here, Dean Baker has an excellent essay, ‘The Wrecking Society’ that lays out simply and clearly what is happening to the world:
http://www.counterpunch.org/2012/10/18/the-wrecking-society/
Petrodollar über alles!
But, but, but the location was Secret…
Obviously not from the locals. /s.
One has to ask: From whom was it secret?
Ex-CIA analyst, Paul Pillar, posted this yesterday… The Arms Dilemma in Syria…
Yeah, after they fought now Tarhouni wants to privatize the profits? lol..
How long has he got to live?