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 War for Libyan Oil Planned Long Ago, No-one Cares About the People

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ScoutsHonor

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PostSubject: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyTue 05 Apr 2011, 5:42 pm

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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyWed 06 Apr 2011, 4:50 pm

I'm not sure if this is about oil or not, perhaps that is part of it. But I"m convinced that this is part of the "First Global Revolution", with its goals of remaking the world into regimes of fake modern democracies, with all the traps and symbols of freedom, but with tight controls in-place behind the scenes. Iraq & Afghanistan got the military approach, while Egypt and Libya get the Soros-technique (based in the Frankfurt school) of fake opposition groups.

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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyThu 07 Apr 2011, 1:05 am

C1 wrote:
I'm not sure if this is about oil or not, perhaps that is part of it. But I"m convinced that this is part of the "First Global Revolution", with its goals of remaking the world into regimes of fake modern democracies, with all the traps and symbols of freedom, but with tight controls in-place behind the scenes. Iraq & Afghanistan got the military approach, while Egypt and Libya get the Soros-technique (based in the Frankfurt school) of fake opposition groups.

I agree. The oil and a magnificent new water delivery system which is said to be a marvel of design are additional 'gravy' --looters love LOOT. Truly disgusting, the creatures who call themselves "Elite" - what a joke!

North African plus several of the Middle Eastern countries are starting to fall like dominoes now; I wonder how long they will bother to keep up the fake battle-scene reports and "savior of the people" pose. I'm beginning to suspect, not that long - I think the drive for power has completely consumed them. Sad
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySat 09 Apr 2011, 5:39 am

C1 wrote:
I'm not sure if this is about oil or not, perhaps that is part of it. But I"m convinced that this is part of the "First Global Revolution", with its goals of remaking the world into regimes of fake modern democracies, with all the traps and symbols of freedom, but with tight controls in-place behind the scenes. Iraq & Afghanistan got the military approach, while Egypt and Libya get the Soros-technique (based in the Frankfurt school) of fake opposition groups.

As an additional thought, where would I find more information about this plan, the "First Global Revolution"? It sounds very significant.

Thankyou. Smile
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyWed 13 Apr 2011, 7:55 pm

I've written about the Club of Rome's First Global Revolution before, either here or in that "other" forum that I used to use. It's perhaps one of the most important reports you can read, as it gives away the gameplan, in double speak, of course.

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PostSubject: LIBYA: All About Oil, or All About Banking?   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyThu 21 Apr 2011, 7:11 pm

LIBYA: ALL ABOUT OIL, OR ALL ABOUT BANKING?
Posted on April 16, 2011
By Ellen Brown


If the Gaddafi government goes down, it will be interesting to watch whether the new central bank joins the BIS, whether the nationalized oil industry gets sold off to investors, and whether education and health care continue to be free.

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.”

Another anomaly involves the official justification for taking up arms against Libya. Supposedly it’s about human rights violations, but the evidence is contradictory. According to an article on the Fox News website on February 28:

As the United Nations works feverishly to condemn Libyan leader Muammar al-Qaddafi for cracking down on protesters, the body’s Human Rights Council is poised to adopt a report chock-full of praise for Libya’s human rights record.

The review commends Libya for improving educational opportunities, for making human rights a “priority” and for bettering its “constitutional” framework. Several countries, including Iran, Venezuela, North Korea, and Saudi Arabia but also Canada, give Libya positive marks for the legal protections afforded to its citizens — who are now revolting against the regime and facing bloody reprisal.

Whatever might be said of Gaddafi’s personal crimes, the Libyan people seem to be thriving. A delegation of medical professionals from Russia, Ukraine and Belarus wrote in an appeal to Russian President Medvedev and Prime Minister Putin that after becoming acquainted with Libyan life, it was their view that in few nations did people live in such comfort:

[Libyans] are entitled to free treatment, and their hospitals provide the best in the world of medical equipment. Education in Libya is free, capable young people have the opportunity to study abroad at government expense. When marrying, young couples receive 60,000 Libyan dinars (about 50,000 U.S. dollars) of financial assistance. Non-interest state loans, and as practice shows, undated. Due to government subsidies the price of cars is much lower than in Europe, and they are affordable for every family. Gasoline and bread cost a penny, no taxes for those who are engaged in agriculture. The Libyan people are quiet and peaceful, are not inclined to drink, and are very religious.

They maintained that the international community had been misinformed about the struggle against the regime. “Tell us,” they said, “who would not like such a regime?”

Even if that is just propaganda, there is no denying at least one very popular achievement of the Libyan government: it brought water to the desert by building the largest and most expensive irrigation project in history, the $33 billion GMMR (Great Man-Made River) project. Even more than oil, water is crucial to life in Libya. The GMMR provides 70 percent of the population with water for drinking and irrigation, pumping it from Libya’s vast underground Nubian Sandstone Aquifer System in the south to populated coastal areas 4,000 kilometers to the north. The Libyan government has done at least some things right.

Another explanation for the assault on Libya is that it is “all about oil,” but that theory too is problematic. As noted in the National Journal, the country produces only about 2 percent of the world’s oil. Saudi Arabia alone has enough spare capacity to make up for any lost production if Libyan oil were to disappear from the market. And if it’s all about oil, why the rush to set up a new central bank?

Another provocative bit of data circulating on the Net is a 2007 “Democracy Now” interview of U.S. General Wesley Clark (Ret.). In it he says that about 10 days after September 11, 2001, he was told by a general that the decision had been made to go to war with Iraq. Clark was surprised and asked why. “I don’t know!” was the response. “I guess they don’t know what else to do!” Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.

The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr., writing on Examiner.com, noted that “[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept Euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.”

According to a Russian article titled “Bombing of Lybia – Punishment for Ghaddafi for His Attempt to Refuse US Dollar,” Gadaffi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gadaffi suggested establishing a united African continent, with its 200 million people using this single currency. During the past year, the idea was approved by many Arab countries and most African countries. The only opponents were the Republic of South Africa and the head of the League of Arab States. The initiative was viewed negatively by the USA and the European Union, with French president Nicolas Sarkozy calling Libya a threat to the financial security of mankind; but Gaddafi was not swayed and continued his push for the creation of a united Africa.

And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:

One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned. . . . Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.

Libya not only has oil. According to the IMF, its central bank has nearly 144 tons of gold in its vaults. With that sort of asset base, who needs the BIS, the IMF and their rules?

All of which prompts a closer look at the BIS rules and their effect on local economies. An article on the BIS website states that central banks in the Central Bank Governance Network are supposed to have as their single or primary objective “to preserve price stability.” They are to be kept independent from government to make sure that political considerations don’t interfere with this mandate. “Price stability” means maintaining a stable money supply, even if that means burdening the people with heavy foreign debts. Central banks are discouraged from increasing the money supply by printing money and using it for the benefit of the state, either directly or as loans.

In a 2002 article in Asia Times titled “The BIS vs National Banks,” Henry Liu maintained:

BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. The BIS does to national banking systems what the IMF has done to national monetary regimes. National economies under financial globalization no longer serve national interests.

. . . FDI [foreign direct investment] denominated in foreign currencies, mostly dollars, has condemned many national economies into unbalanced development toward export, merely to make dollar-denominated interest payments to FDI, with little net benefit to the domestic economies.

He added, “Applying the State Theory of Money, any government can fund with its own currency all its domestic developmental needs to maintain full employment without inflation.” The “state theory of money” refers to money created by governments rather than private banks.

The presumption of the rule against borrowing from the government’s own central bank is that this will be inflationary, while borrowing existing money from foreign banks or the IMF will not. But all banks actually create the money they lend on their books, whether publicly-owned or privately-owned. Most new money today comes from bank loans. Borrowing it from the government’s own central bank has the advantage that the loan is effectively interest-free. Eliminating interest has been shown to reduce the cost of public projects by an average of 50%.

And that appears to be how the Libyan system works. According to Wikipedia, the functions of the Central Bank of Libya include “issuing and regulating banknotes and coins in Libya” and “managing and issuing all state loans.” Libya’s wholly state-owned bank can and does issue the national currency and lend it for state purposes.

That would explain where Libya gets the money to provide free education and medical care, and to issue each young couple $50,000 in interest-free state loans. It would also explain where the country found the $33 billion to build the Great Man-Made River project. Libyans are worried that NATO-led air strikes are coming perilously close to this pipeline, threatening another humanitarian disaster.

So is this new war all about oil or all about banking? Maybe both – and water as well. With energy, water, and ample credit to develop the infrastructure to access them, a nation can be free of the grip of foreign creditors. And that may be the real threat of Libya: it could show the world what is possible. Most countries don’t have oil, but new technologies are being developed that could make non-oil-producing nations energy-independent, particularly if infrastructure costs are halved by borrowing from the nation’s own publicly-owned bank. Energy independence would free governments from the web of the international bankers, and of the need to shift production from domestic to foreign markets to service the loans.

If the Gaddafi government goes down, it will be interesting to watch whether the new central bank joins the BIS, whether the nationalized oil industry gets sold off to investors, and whether education and health care continue to be free.


********
http://www.opednews.com/author/author7471.html

Ellen Brown is an attorney and president of the Public Banking Institute, http://PublicBankingInstitute.org. In Web of Debt, her latest of eleven books, she shows how a private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her websites are http://webofdebt.com and http://ellenbrown.com.
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyFri 22 Apr 2011, 2:36 pm

Quote :
According to a Russian article titled “Bombing of Lybia – Punishment for Ghaddafi for His Attempt to Refuse US Dollar,” Gadaffi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gadaffi suggested establishing a united African continent, with its 200 million people using this single currency. During the past year, the idea was approved by many Arab countries and most African countries. The only opponents were the Republic of South Africa and the head of the League of Arab States. The initiative was viewed negatively by the USA and the European Union, with French president Nicolas Sarkozy calling Libya a threat to the financial security of mankind; but Gaddafi was not swayed and continued his push for the creation of a united Africa.

confused
Although I admire Gaddafi's courage and independence, what puzzles me deeply is: HOW in the Hell did he expect to be allowed to 'get away with' tis type of defiance, knowing as he undoubtedly did that his opponents were the enormous military might of the Globalists/NWO?? This makes no sense to me... and is very confusing. Anyone have any idea ''why'' he would pursue such a dangerous, suicidal course...?? hmmm..

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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySat 23 Apr 2011, 2:59 am

ScoutsHonor wrote:
Although I admire Gaddafi's courage and independence, what puzzles me deeply is: HOW in the Hell did he expect to be allowed to 'get away with' tis type of defiance, knowing as he undoubtedly did that his opponents were the enormous military might of the Globalists/NWO?? This makes no sense to me... and is very confusing. Anyone have any idea ''why'' he would pursue such a dangerous, suicidal course...?? hmmm..
He probably underestimated the capability of our media to spew bullshit at us. There wasn't an internationally palatable opposition movement in Libya, so he wouldn't think there was a way to stage a revolution. The Muslim Brotherhood is a fascist organization, so how the media has spun them into being heroes must have astounded Gaddafi.
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySat 23 Apr 2011, 10:13 pm

StuckInALegChair wrote:
ScoutsHonor wrote:
Although I admire Gaddafi's courage and independence, what puzzles me deeply is: HOW in the Hell did he expect to be allowed to 'get away with' tis type of defiance, knowing as he undoubtedly did that his opponents were the enormous military might of the Globalists/NWO?? This makes no sense to me... and is very confusing. Anyone have any idea ''why'' he would pursue such a dangerous, suicidal course...?? hmmm..
He probably underestimated the capability of our media to spew bullshit at us. There wasn't an internationally palatable opposition movement in Libya, so he wouldn't think there was a way to stage a revolution. The Muslim Brotherhood is a fascist organization, so how the media has spun them into being heroes must have astounded Gaddafi.

Yep, I bet you're right; yea, I think Gaddafi completely overestimated the EvilOnes' rationality. The Boyz did leave him alone for a long time, but that was to their advantage, for he finished the magnificent water project they were then able to steal -- probably why they DID leave him alone, and part of why he mistakenly believed he had some autonomy. It's also possible that China and/or Russia may have led him to believe he could 'count on them' for support-- just speculation on my part, but I think they may have been part of his misguidedness.

OTOH, it's also possible that Gaddafi was just taking the *noblest* path out of the only paths open to him. I mean, he may just not be the bowing and scraping kind, and thus knowingly chosen to "go for it" - and was willing to pay the price for it if necessary. He was really a much more admirable leader than I ever realized and it's very sad to see how things have ended for the Libyan people.
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyTue 26 Apr 2011, 2:41 pm

Thought folks here might find these comments from PPF interesting; I find them consistently both insightful and, often, very humorous
Smile
=======================================
NATO STARTS HUNTING FOR GADDAFI
Voice of Russia
April 26, 2011



NATO has begun “a hunt for Gaddafi with the aim of eliminating him”, reported the British Sky News TV channel. Blows delivered to Gaddafi’s residence in Tripoli in the small hours of Monday are a reflection of this new course of action. NATO air force fired missiles at the building where Gaddafi met with the delegation of the African Union several days ago.

The Daily Telegraph reports that the political leaders of a number of Western countries have appealed to NATO “to recognize Gaddafi as a target for elimination”. The situation in Libya is in a deadlock and Gaddafi’s elimination is one of the solutions,” the newspaper quotes some western political scientists’ opinion.

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9 Responses to “NATO starts hunting for Gaddafi”

1.
magnacarta says:
April 26, 2011 at 11:59 am

US Military & Law Enforcement
Honor Your Oath
Defend the Constitution & The People
Not Corrupt Government, The Elite Ruling Criminal Class
& on the Take Politicians.

Sic Semper Tyrannis!
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2.
VinceB. says:
April 26, 2011 at 11:59 am

again, can we please get the facts straight (seeing how the masks and gloves are coming off:

it’s David Rockefeller; it’s the german queen of england; it’s the international global bankers working through the machine that wants Gaddafi dead – and the machine that uses ‘their’ money to buy food with, will do as their told and will hunt down Gaddafi, Wayne Madsen, and anyone else who dares stand in their way toward their making a one world order per their time frame
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3.
CHuckFeney says:
April 26, 2011 at 11:57 am

I pray for Colonel Gaddafi everyday, that he can overcome this invasion of his country – a country he brought to greatness and prosperity by his own will.
Obama, Sarkozy, and the British sock puppet are not fit to clean the sole of Colonel Gaddafi’s shoe!

China and Russia will intervene in this one. The world would be a better place without London, Washington, New York, Hollywood, Tel Aviv, the Vatican, and all the resorts of the Bankers.
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4.
magnacarta says:
April 26, 2011 at 11:56 am

The War Criminals hunt for the War Criminal. Don’t you feel good about yourselves now, folks?
You will not be freeuntil you destroy the hold of the Elite Ruling Criminal Class on your life.

Sic Semper Tyrannis!
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5.
frankT says:
April 26, 2011 at 11:53 am

There have been three monster creations by the same outfit: first there was Bin ‘terrorman’ Laden (he that is NOT wanted for 9/11) to invade Afghanistan, then there was Saddam ‘WMD’ Hussein for the Iraq job, now there is Colonel ‘massacreman’ Gadaffi for the Libya deception. It’s no use saying no-one has learnt from the mistakes. If you ask the instigators of this global warfare nonsense they will tell you it worked in the past, it will work again. Indeed, it is exactly the same old ruse, sadly, tragically, dangerously.
And Libya? And the people there? It will be a mess, an infernal subordinate mess with NATO and US and Euro forces and deals being done and the country all bust up. Just like Iraq. And Afghanistan.
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6.
frankT says:
April 26, 2011 at 11:52 am

It’s official: it’s now a manhunt.
Anyone could see this coming. Former rehabilitated colleague, business associate, collaborator and of course buyer of western military hardware – connected physically no less via gas pipeline to Sicily – brazenly demonised by nearly ALL media outlets whatever flag they are flying and now the traget for Euro/US military. This is clearly getting out of control, sure has been for ages now, but the unbridled duplicity over the war on Libya has reached new lows of hypocrisy, treachery, warmongering, whatever, that it still amounts to escalated violence without restraint, indeed without any kind of reasoning except for its own slippery sake.
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7.
RANDY WILSON says:
April 26, 2011 at 11:03 am

The United Nephilim is plundering Libya now,simple as that .They raped and plundered Iraq,Afghanistan,they already have the Sauds,they dont give a crap about Egypt as there is nothing to steal .Next is Iran and the Persians will give them the black eye like they have never had ,and I will laugh my ass off! The Russians and the Chinese are going to be joining this dance at the club insanity . The Iranians will open the floodgates of hell if they are attacked .The United Nephilim are counting on the chaos that insues afterward ,order out of chaos is there mantra.The earth is pole shifting ,this event will make all wars pale. nibirupedia.com
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RANDY WILSON says:
April 26, 2011 at 11:06 am

You know what could happen is ,they will send American boots on the ground and this will enrage the American people and Obama will be tar and feathered.Once in a while they throw us some one they are finished with to plaecate the masses.
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8.
jalobservateur says:
April 26, 2011 at 10:50 am

<>
Yeap murder is one the the best solutions for FOOLS !
What a wonderful world!
OBAMA NO YOU CAN’T
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyTue 26 Apr 2011, 6:07 pm

ScoutsHonor wrote:


RANDY WILSON says:
April 26, 2011 at 11:03 am

The United Nephilim is plundering Libya now,simple as that .They raped and plundered Iraq,Afghanistan,they already have the Sauds,they dont give a crap about Egypt as there is nothing to steal .Next is Iran and the Persians will give them the black eye like they have never had ,and I will laugh my ass off! The Russians and the Chinese are going to be joining this dance at the club insanity . The Iranians will open the floodgates of hell if they are attacked .The United Nephilim are counting on the chaos that insues afterward ,order out of chaos is there mantra.The earth is pole shifting ,this event will make all wars pale. nibirupedia.com

This guy, Randy, is sorta right, but he doesn't see that all the Middle East "leaders" are part of the same "Nephilim", as the "club" always controls all sides of every conflict. The Iranian leader is COINTEL, so are all other puppets. It would be far too risky to remake the middle east and not know exactly what the "other" side was planning to do, as if there is another side.

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PostSubject: Libya Update, Gaddafi hype?   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyFri 21 Oct 2011, 9:40 pm

Comments at the site are very interesting....
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySat 22 Oct 2011, 7:46 pm

Heck, I don't know what to believe here.

I've pulled away from so much "news" and "current events" now that I've all but lost track of the day-to-day events of the Simulacra. But in short, I simply don't trust anything coming out of today's system.

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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySat 22 Oct 2011, 10:33 pm

C1 wrote:
Heck, I don't know what to believe here.

I've pulled away from so much "news" and "current events" now that I've all but lost track of the day-to-day events of the Simulacra. But in short, I simply don't trust anything coming out of today's system.

Neither do I. But I sure hope this is one of their lies, though I know realistically the Libyans have little chance of surviving long-run... Sad
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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptySun 23 Oct 2011, 4:24 pm

See video at bottom of linked page
http://www.dailymail.co.uk/news/article-2052178/GADDAFI-DEATH-VIDEO-Moment-Libyan-dictator-killed-bullet-head.html

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PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyWed 26 Oct 2011, 1:45 pm

Thanks for the link, C1.
I think there is still a lot of room for doubt about his fate; I've seen posts which claim he is alive and well, but living incognito in another place -- this from a reporter who has been very much on the "inside" of what the actual conditions in Libya are/were.

I certainly hope this is so - seems to have been that rare thing, a benevolent dictator, and quite a decent guy.
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War for Libyan Oil Planned Long Ago, No-one Cares About the People Empty
PostSubject: Our Al-Qaeda Allies to Implement Sharia Law   War for Libyan Oil Planned Long Ago, No-one Cares About the People EmptyWed 26 Oct 2011, 1:52 pm

Libya's liberation: interim ruler unveils more radical than expected plans for Islamic law

Libya's interim leader outlined more radical plans to introduce Islamic law than expected as he declared the official liberation of the country.

By Richard Spencer8:15PM BST 23 Oct 2011


Mustafa Abdul-Jalil, the chairman of the National Transitional Council and de fact president, had already declared that Libyan laws in future would have Sharia, the Islamic code, as its "basic source".

But that formulation can be interpreted in many ways - it was also the basis of Egypt's largely secular constitution under President Hosni Mubarak, and remains so after his fall.

Mr Abdul-Jalil went further, specifically lifting immediately, by decree, one law from Col. Gaddafi's era that he said was in conflict with Sharia - that banning polygamy.

In a blow to those who hoped to see Libya's economy integrate further into the western world, he announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

Gulf states like the United Arab Emirates, and other Muslim countries, have pioneered the development of Sharia-compliant banks which charge fees rather than interest for loans but they normally run alongside western-style banks.
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War for Libyan Oil Planned Long Ago, No-one Cares About the People Empty
PostSubject: Re: War for Libyan Oil Planned Long Ago, No-one Cares About the People   War for Libyan Oil Planned Long Ago, No-one Cares About the People Empty

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