From 1551 to 1911 Libya was dominated by the Ottoman Empire, by Italy from 1911 to 1943 and from 1943 to 1951 was beneath the navy suzerainty of Britain and France. The Central Financial institution of Libya was based in 1956 and was run as a typical central financial institution till the cold coup d’etat of 1 September 1969.
Mu’ammar Qathafi – A strict disciple of the Holy Q’uran, who abolished all types of usury
and used the Central Financial institution of Libya for the only good thing about the Libyan folks.
Mass manifestation in assist of Muammar Gaddafi in Tripoli, July 1, 2011.
Colonel Qathafi was described by the mainstream media as being a “horrible dictator and a blood-sucking monster”, however the actuality was that apart from town of Benghazi and its environs, he had the assist of 90% of the inhabitants. The next advantages supplied by Qathafi clarify why he was so common:
■ Free training. Free electrical energy. Free well being care. Free housing (There have been no mortgages).
■ College students have been paid the typical wage for which topic they have been finding out.
■ College students finding out abroad have been supplied with lodging, an vehicle and €2,500 every year.
■ Newly-wed {couples} obtained a present of 60,000 dinar ($50,000) from authorities.
■ Cars have been offered at manufacturing facility price freed from curiosity.
■ Personal loans have been supplied freed from curiosity.
■ Bread price 15 US cents per loaf. Gasoline price 12 US cents per litre.
■ Portion of earnings from sale of oil was paid immediately into financial institution accounts of residents.
■ Farmers obtained free land, seeds and animals.
■ Full employment with these quickly unemployed paid a full wage as if employed.
Qathafi’s Jamahariya “state of the lots” ensured that the wealth of this nation of 5.79 million inhabitants was pretty distributed to all of its folks. Beggars and homeless vagrants didn’t exist, whereas life expectancy at 75 years was the best in Africa and 10% above the world common. The literacy charge was 82%. Relating to human rights Libya stood at 61 within the Worldwide Incarceration Index. The decrease the score, the decrease the standing. The no.1 spot is at the moment occupied by the USA. One other main achievement, which Qathafi initiated was the conversion of the Nubian Sandstone Fossil Aquifer System into the Nice Man-Made River, which provides 6,500,000m³ of recent water every day to the cities of Tripoli, Sirte and Benghazi. The extracted water is ten instances cheaper than desalinated water. The entire price of the venture, estimated at $25 billion was financed with no single overseas mortgage.
Though the central banks of Belarus, Burma, Cuba, Iran, North Korea, North Sudan and Syria don’t fall beneath the direct management of the Rothschild banking syndicate, Libya had the one central financial institution run on real state banking traces, which exhibited the traditional signs of full employment, zero inflation and a modern-day employees’ paradise. The query arises as to why NATO intervened on the pretext of fabricated human rights abuses, the so referred to as accountability to guard. Since 1971 when the USA deserted the gold trade normal for the petrodollar with the connivance of Saudi Arabia, any try to displace the USA greenback because the premier reserve forex has been blocked and opposed with violence.
In November 2000 Saddam Hussein of Iraq decreed that every one oil funds would in future be made in euros, as he didn’t want to deal “within the forex of the enemy”. As has already been confirmed, the possession of weapons of mass destruction pretext was a intentionally concocted hoax and it was this forex determination, which price Saddam Hussein his life and the destruction of his nation.
True, whether or not the quote is genuine or not.
In related circumstances Qathafi introduced in 2010 the creation of the gold dinar as a substitute for the settlement of all overseas transactions in a proposed area of over 200 million folks. Libya at the moment possessed 144 tons of gold. What was meant was not a return to the gold normal per se, however a brand new unit of account with oil exports and different assets being paid for in gold dinars. Qathafi crossed a pink line and paid the final word worth [he was assassinated by Western invasion forces in Sirte on October 20, 2011].
The Fact About Libya – Stephen Mitford Goodson, 2011.
Since 2007 Iran has stipulated that funds be made in euro forex. On 17 February 2008 the Iranian Oil Bourse for buying and selling in petroleum, petrochemicals and fuel utilizing primarily the euro, Iranian rial and a basket of non-US currencies was established. The primary oil shipments beneath the brand new system have been offered by this market in July 2011. This occasion should be deemed as one of many prime causes for the fixed Israeli and American threats to annihilate Iran.
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