Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change.
Brown argues that Libya - like Iraq under Hussein - challenged the supremacy of the dollar and the Western banks:
Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers' central bank in Switzerland.
The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that "[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar."
According to a Russian article titled "Bombing of Libya - Punishment for Ghaddafi for His Attempt to Refuse US Dollar", Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.
http://georgewashington2.blogspot.com/2011/08/libyan-war-gaddafi-falls-but-why-did-we.html
Some of this sounds a little conspiracy theory happy, but it is true that Saddam threatened to start selling oil in euros.
This was a very real problem for us. And Saddam could have tanked our economy if he had succeeded.
Demand for things give that thing a value. The US dollar is in demand around the world, as every nation must use the US dollar to buy oil on the world market. If other currencies were used, the demand for the US dollar would plummet, and we'd have hyperinflation over night.
But I'm not sure if Libya is a big enough oil producer on the world stage for that to matter.
I'm sure other nations would steal the idea. Then we would have to globaly enforce the patent laws.
The US consumes nearly 25% of all oil produced in the world. It would follow that oil is valued in dollars because of that. The dollar was and will be in the future the most stable world currency (unless we decide to default on our debt). If we quit buying oil for one year we could practically dictate the price of oil.
This was a very real problem for us. And Saddam could have tanked our economy if he had succeeded.
Demand for things give that thing a value. The US dollar is in demand around the world, as every nation must use the US dollar to buy oil on the world market. If other currencies were used, the demand for the US dollar would plummet, and we'd have hyperinflation over night.
But I'm not sure if Libya is a big enough oil producer on the world stage for that to matter.
Exactly the reason people call Republicans the "THE STUPID PARTY". Quadaffi refused to take dollars that is why the French went in first. Did France stop accepting the Euro and switch to $?
Brown argues that Libya - like Iraq under Hussein - challenged the supremacy of the dollar and the Western banks:
Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers' central bank in Switzerland.
The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that "[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar."
According to a Russian article titled "Bombing of Libya - Punishment for Ghaddafi for His Attempt to Refuse US Dollar", Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.
http://georgewashington2.blogspot.com/2011/08/libyan-war-gaddafi-falls-but-why-did-we.html