Some believe it is about protecting civilians, others say it is about
oil, but some are convinced intervention in Libya is all about
currency, specifically Gaddafi’s plan to introduce the gold dinar, a single African currency
made from gold, a true sharing of the wealth.
“It’s one of
these things that you have to plan almost in secret, because as soon as
you say you’re going to change over from the dollar to something else,
you’re going to be targeted,” says Ministry of Peace founder Dr James Thring. “There
were two conferences on this, in 1986 and 2000, called the World Mathaba conference, organized by Gaddafi.
Everybody was interested, most countries in Africa were keen.”
did not give up. In the months leading up to the military intervention,
he called on African and Muslim nations to join together to create this
new currency that would rival the dollar and euro. They would sell oil
and other resources around the world only for gold dinars.
It is an idea that would shift the economic balance of the world.
country’s wealth would depend on how much gold it had and not how many
dollars it traded. And Libya has 144 tons of gold. The UK, for example,
has twice as much, but ten times the population.
had an intent to try to re-price his oil or whatever else the country
was selling on the global markets and accept something else as a currency
or maybe launch a gold dinar currency, any move such as that would
certainly not be welcomed by the power elite today, who are responsible
for controlling the world’s central banks,” says Anthony Wile, founder and chief editor of the Daily Bell.
yes, that would certainly be something that would cause his immediate
dismissal and the need for other reasons to be brought forth for removing him from power.”
And it has happened before.
2000, Saddam Hussein announced Iraqi oil would be traded in euros, not
dollars. Some say sanctions and an invasion followed because the
Americans were desperate to prevent OPEC from transferring oil trading
in all its member countries to the euro.
A gold dinar would have
had serious consequences for the world financial system, but may also
have empowered the people of Africa, something black activists say the
US wants to avoid at all costs.
“The United States have denied
self-determination to Africans inside the United States, so we are not surprised by
anything the United States would do to hinder the self-determination of Africans
on the continent,” says Cynthia Ann McKinney, a former US Congresswoman.
UK’s gold is kept in a secure vault somewhere in the depths of the Bank
of England. As in most developed countries, there is not enough to go
But that is not the case in countries like Libya and many of the Gulf States.
gold dinar would have given oil-rich African and Middle Eastern
countries the power to turn around to their energy-hungry customers and
say: “Sorry, the price has gone up, and we want gold.”
Some say the US and its NATO allies literally could not afford to let that happen.