<html><body><div style="color:#000; background-color:#fff; font-family:garamond, new york, times, serif;font-size:16px"><div id="yui_3_16_0_1_1425306557754_10403" dir="ltr"><span id="yui_3_16_0_1_1425306557754_10582">Dean Baker's perspective on the issue of oil being sold in dollars has always been that it's basically a non-issue. In this context, it may be a red herring.</span></div> <div class="qtdSeparateBR"><br><br></div><div class="yahoo_quoted" style="display: block;"> <div style="font-family: garamond, new york, times, serif; font-size: 16px;"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div dir="ltr"> <font face="Arial" size="2"> On Monday, March 2, 2015 8:08 AM, Karen Aram via Peace-discuss <peace-discuss@lists.chambana.net> wrote:<br> </font> </div> <blockquote style="padding-left: 5px; margin-top: 5px; margin-left: 5px; border-left-color: rgb(16, 16, 255); border-left-width: 2px; border-left-style: solid;"> <br><br> <div class="y_msg_container"><div id="yiv7802317885">
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<div><div dir="ltr">A question was raised in relation to John Pilger's article, in which he made the statement that the real reason Gadhafi was "done away with" is his plan to quit selling oil in US dollars......below is only one of such articles claiming the same. This article appeared in 2011. A google search turns up many. <br> <br>Alex Newman <a title="argued" href="http://thenewamerican.com/economy/markets-mainmenu-45/9743-gadhafis-gold-money-plan-would-have-devastated-dollar" target="_blank" rel="nofollow">argued</a> in November:<br><blockquote>According to more than a few observers, Gadhafi’s <a title="plan" href="http://www.youtube.com/watch?v=GuqZfaj34nc" target="_blank" rel="nofollow">plan</a> to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.<br>And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. <span style="font-weight: bold;">French President Nicolas Sarkozy </span><a title="reportedly" style="font-weight: bold;" href="http://www.guardian.co.uk/commentisfree/cifamerica/2011/apr/21/libya-muammar-gaddafi" target="_blank" rel="nofollow">reportedly</a><span style="font-weight: bold;"> went so far as to call Libya a “threat” to the financial security of the world. </span>The “Insiders” were apparently panicking over Gadhafi’s plan.<br>“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,” noted financial analyst Anthony Wile, editor of the free market-oriented <em>Daily Bell</em>, in an <a title="interview with RT" href="http://www.youtube.com/watch?v=GuqZfaj34nc" target="_blank" rel="nofollow">interview with RT</a>. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power.”<br>According to Wile, Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the system.<br>“The central banking<a title=" Ponzi scheme" href="http://www.thenewamerican.com/index.php/economy/markets-mainmenu-45/3731-fed-manipulations-in-the-crosshairs" target="_blank" rel="nofollow"> Ponzi scheme</a> requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “<a title="Gaddafi" href="http://thedailybell.com/2228/Gaddafi-Planned-Gold-Dinar-Now-Under-Attack.html" target="_blank" rel="nofollow">Gaddafi</a><a title=" Planned Gold Dinar, Now Under Attack" href="http://thedailybell.com/2228/Gaddafi-Planned-Gold-Dinar-Now-Under-Attack.html" target="_blank" rel="nofollow"> Planned Gold Dinar, Now Under Attack</a>” earlier this year. “Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”<br>Investor <a title="newsletters" href="http://www.goldstockbull.com/articles/libya-invasion-gaddafi-plan-gold-dinar/" target="_blank" rel="nofollow">newsletters</a> and <a title="commentaries" href="http://investmentwatchblog.com/libyas-self-sufficiency-risk-to-central-banks/" target="_blank" rel="nofollow">commentaries</a> have been buzzing for months with speculation about the link between Gadhafi’s gold dinar and the NATO-backed overthrow of the Libyan regime. Conservative analysts pounced on the potential relationship, too.<br>“In 2009 — in his capacity as head of the African Union — Libya’s Moammar Gadhafi had proposed that the economically crippled continent adopt the ‘Gold Dinar,’” <a title="noted" href="http://www.wnd.com/?pageId=337881" target="_blank" rel="nofollow">noted</a> Ilana Mercer in an August opinion piece for <em>WorldNetDaily</em>. “I do not know if Col. Gadhafi continued to agitate for ditching the dollar and adopting the Gold Dinar — or if the Agitator from Chicago got wind of Gadhafi’s (uncharacteristic) sanity about things monetary.”<br></blockquote> </div></div>
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