(4) Libyas Great Man-Made River (GMMR) is developing an ocean-sized aquifer beneath the desert for irrigation, human consumption, and other uses. At 2007 consumption rates, it could last 1,000 years. No wonder Gaddafi calls his Nubian Sandstone Aquifer System (NSAS) the Eighth Wonder of the World. At issue, of course, is the wish of the global elite to control water, privatizing it, making water unaffordable for many, perhaps most Libyans. In other words, neoliberal control will exploit it for maximum profits, not equitable use as a public resource. (5) Ellen Browns April 13 article titled, Libya: All About Oil, or All About Banking? raised another, easily overlooked, issue. Who controls Libyas money, the lifeblood of every economy? In 1970, Henry Kissinger said, Control oil and you control nations. Control food and you control people. He neglected to add, control money and you control everything because without it economies collapse. At issue is whether its public or private like most nations, including America under the Federal Reserve that isnt federal and has no reserves as Ron Paul explains. Under Gaddafi, the Central Bank of Libya is 100% State owned. In other words, it creates its own money, the Libyan Dinar, interest free to be used productively for economic growth, not profits and bonuses for predatory bankers. However, after Washingtons led NATO intervention, the privately controlled Central Bank of Benghazi was established to let Western bankers, not Libyans, run things. Money control indeed appears an important reason for intervening, perhaps most important of all.
Posted on: Mon, 21 Oct 2013 19:46:08 +0000