GOLD,OIL and NATO BOMBS: The Gaddafi demise

An ongoing armed conflict in the North African state of Libya being fought between forces loyal to Muammar Gaddafi and his regime and those seeking to depose him was already in the capital Tripoli. What was Libyan government under Gaddafi and the root cause of the war.

Under Gaddafi, Libya was theoretically a decentralized, democratic state run according to the philosophy of Gaddafi's Green Book, with Gaddafi retaining a ceremonial position. Libya was officially run by a system of people's committees which served as local governments for the country's subdivisions, an indirectly-elected General People's Congress as the legislature, and the General People's Committee, led by a Secretary-General, as the executive branch. In practice, however, these structures were manipulated to ensure the dominance of Gaddafi, who continued to dominate all aspects of government, and the country's political system was widely seen as a rubber-stamp.

There are some speculation raised on NATO's intervention towards Libya. The 28 countries of NATO  said that bombing Libya is the protection of civilians from Gadaffi's atrocities. For some, is to prevent Gaddafi's aim to de- value the American Dollar. Others say's it was because of oil. But most African people are convinced that those interventions is all about currency, Specifically Gaddafi's plan to introduce a single African currency made from Gold, they said it is a "true sharing of the wealth". They planned this almost in secret, There are two conferences regarding this idea first in 1996 and the second in 2000. All these are organized by Gaddafi, and most countries in Africa are keen and interested. Gaddafi called on the Arab and African world to adapt a single current - the Gold Dinar.

 On this financial basis, Colonel Gaddafi offered to create a single African state with Arab and Black African population numbering 200 million people. The idea of creating a single gold currency and uniting the countries of Africa into one powerful federal system has been actively supported during the last years by several Arabic and almost all African states. Democracy-infested South Africa and the Arab League opposed to the idea. Leading up to the NATO military intervention on his rule in Libya.

He called African and Muslim nation to join to create this new currency that would rival the dollar and the euro. They would sell oil and other resources only for Gold Dinar. It is and idea that would shift the economic balance of the world. Countries would depend on how much gold they have and not how many Dollars they trade. Libya had a hundred forty four tons of gold and ten times less population of the UK. If Gadaffi had an intend to re-price his oil, selling in the global market and launch a global currency such move is not welcome to the powers who controlled the world's economy. It would be the cause of his removal from power. It happened before in Iraq in 2000 when Saddam Hussain announced that Iraqi oil would be traded only in Euro, not in Dollars, they imposed sanctions and the invasion followed. A gold dinar will give oil rich African and middle east countries the power to turn around their power hungry country customers and say, hey ! sorry the price had gone up, we only trade for gold and not for dollar. And the US and its NATO allies could not afford to let it happen.