Obama on Libya

Do you think those rebel are bankers, or oil industry CEO? Or rather, a puppet group work for the CIA. Is that easy to establish a Central Bank, selling oil? Where do those experts, capitals come from? Or it is just all planed in advance?

Quote, â??Libyan Rebelsâ?� Create Central Bank, Oil Company
Alex Newman

As analysts debate possible motives behind President Obamaâ??s United Nations-backed military intervention in Libya, one angle that has received attention in recent days is the rebelsâ?? seemingly odd decision to establish a new central bank to replace dictator Muammar Gadhafi's state-owned monetary authority â?? possibly the first time in history that revolutionaries have taken time out from an ongoing life-and-death battle to create such an institution, according to observers.

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 â??[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.â?�

The Gadhafi regimeâ??s central bank â?? unlike the U.S. Federal Reserve, which is owned by private shareholders â?? was among the few central banks in the world that was entirely state-owned. At the moment, it is unclear exactly who owns the rebelâ??s central bank or how it will be governed.

The so-called Interim Transitional National Council, the rebelsâ?? self-appointed new government for Libya purporting to be the â??sole legitimate representative of Libyan People,â?� also trumpeted the creation of a new â??Libyan Oil Companyâ?� based in the rebel stronghold city of Benghazi. The North African nation, of course, has the continentâ??s largest proven oil reserves.

The U.S. government and the U.N. have both recently announced that the rebels would be free to sell oil under their control â?? if they do it without Gaddafiâ??s National Oil Corporation. And the first shipments are set to start next week, according to news reports citing a spokesman for the rebels.

But the creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. â??I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,â?� noted Robert Wenzel in an analysis for the Economic Policy Journal. â??This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences.â?�



Global Research, April 14, 2011
â??Libyan Rebelsâ?� Create Central Bank, Oil Company

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Libya has certainly turned into a quagmire in record time. The UN order was to make the sky's safe, that was done months ago. Now its just about the oil and europe has to have that oil. Like every other country on the planet we are not meetingour energy needs so you're going to see a lot of new wars in the coming years. Its important for you kids to remember what this is all about. If the government tells you its your patriotic duty to enlist in the military, haul ass in the opposite direction. They just need cannon fodder to keep the elites in control of the oil.