Actually, all Libya had to do was price its oil in its own currency and thereby create demand for that currency.
Or do barter like Russia does with China and like Iran does with China and Venezuela does with China, Russia and Iran. Short circuiting the US dollar is not that difficult today with computer. If you can do it with Bitcom, the othes nations should introduce a computerized barter system not dependant on any sort of paper.
Although gold will still be desirable long after the oil runs out.
Lindsey Williams was right. I remember him some time ago mention that there was a move on to charge gold for oil. Watch the silver price action here carefully. Here’s a good analysis:
Silver Log Chart Analysis
Although gold will still be desirable long after the oil runs out. Aaron
Energy is far more important than a shiny metal. And hydrocarbons are valuable even apart from their energy potential.
Actually, gold is mostly a means for private interests to monopolize the money creation business. While I sympathize with the private sector’s concern with government counterfeiting of private money, the solution is NOT private counterfeiting of government money. The solution is separate government and private money supplies per Matthew 22:16-22 (“Render to Caesar …”).
I started to watch “The weight of chains” earlier and amongst all the war footage shown it occured to me that this conflict in Libya isquite a large shift away from previous modern day conflicts in that whilst there is still large press coverage of the conflict what we are not seeing are the constant stream of missile cam footage, of bunkers being vapourised and of cockpit recordings of tank columns being reduced to scrap metal. The whole angle of the media has changed from it being a technological dominance to a cultural, grass roots, rebellion. But what we do know is that most of the European NATO nations are either backing out of the conflict (Norway) or are close to using large rubber bands and rocks due to ammo depletion and having to buy more ordinance from the US. So we know that the bombings have been immense yet the politicians are somehow now shy about showing this? This really is a different way of going about things.
Also has there been any reporting on Alan Duncan MP outside of the UK, and his very suspect ties to oil companies, his past in oil speculation and his efforts in starving Tripoli of oil to aid the rebels?
Oil is far too valuable a resource to be burned for energy.
@Robbie the saudis burn it for air con
Iran switched to a non US dollar oil trade in 2008
Interesting , but a bit of a stretch. Whats to stop a nation saying, o.k we don’t like the dollar because its part of a ponzi scheme military fronted mafia. So we are going to a fair money system i.e gold.Then if the military action took place on you it further exposes what you are aiming at.I’m all for fair money but it will only come from a demand by an informed poulation not a power play by the likes of elites such as gadaffi. Gadaffi was a bully , Camerons just a bigger bully. They are both C***S
Blah Blah, we’ve not seen missile cam footage because ‘everything NATO has done in Libya has been illegal’ – see http://bsnews.info/War_Crimes.html
What the mainstream media has been doing is waging a propaganda war what with Al Jazeera using the Tripoli film set in Doha, Qatar – see http://www.mathaba.net/news/?x=628196 and the BBC claiming Libyan civilians were celebrating the fall of Tripoli in Green Square while actually showing an unrelated celebration from India – see http://bsnews.info/BBC_Propaganda.html it is no wonder western audiences are confused.
Thanks for posting this. The war crimes in Libya are being given the complete media whitewash here.
lol … http://www.dump.com/2011/08/29/marijuana-interrogation-video/
Good Stock reporting from RT.
It puts the idea of the gold dinar out there too.
Gaddafi looked impressive in that video.
Libya, a bloodbath, a psyop, a gigantic lie.
Two important interviews with Mahdi Nazemroa here-
Man, this is so fucked up….
FBeard, does it say ion your book of iron age myths that you should not lie? Why do you lie?
“…government counterfeiting of private money, the solution is NOT private counterfeiting of government money. The solution is separate government and private money supplies”
All lies! Governments do not counterfeit money, they own the brand! Can Apple counterfeit the iPad? Private entities are not allowed to print government money and they do not – they create private money by extending credit and using that as money. If I tell you I’ll give you an iPad next week for a laptop today, I HAVE NOT CREATED AN IPAD (and have not claimed to have created one), so there can be no charge of counterfeiting! We already have separate government and private money supplies, which are as different as an iPad and the promise of an iPad. I’ve demonstrated these facts before and you have not proven them false. Instead, YOU LIE! If there were a hell you’d go there.
“Although gold will still be desirable long after the oil runs out.”
A very simple truth which explains so much. Gaddafi had many options open to him and he knew which would fail.
@ Jimbo and F.Beard
Yes F.Beard, why must ye turn these boards into a DEN OF LIES!. Heathen!, let thou be cast into the depths of purgatory and may G.O.D. have mercy upon your soul.
I command thee to say three hail Mary’s and Six How’s ya Fathers kneeling on dried peas before the image of our patron saint.
Saint Matthew (one of the twelve apostles) is the patron saint of accountants (he was a tax collector). He should know all about handling money.
I read this months ago…sounded plausible then and more so now…
Also, read that Japan was going to move away from the U.S. dollar too…just before the earthquake hit…HAARP? I think so.
And, per the GLD, interesting how HSBC has just gone out of the vault business.
If we ignore the Fed, they will destroy themselves? I hope and hope and hope.