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What Life is like in Libya under Gaddafi
April 14, 2011

What life is like in Libya under Gaddafi…

A delegation of medical professionals from Russia,Ukraine and Belarus wrote in an appeal to Russian President Medvedev and Prime Minister Putin that after becoming acquainted with Libyan life, it was their view that in few nations did people live in such comfort:

Libyans are entitled to free treatment, and their hospitals provide the best in the world of medical equipment.

Education in Libya is free, capable young people have the opportunity to study abroad at government expense.

When marrying, young couples receive 60,000 Libyan dinars (about 50,000 U.S. dollars) of financial assistance.

Non-interest state loans, and as practice shows, undated.

Due to government subsidies the price of cars is much lower than in Europe, and they are affordable for every family.

Gasoline and bread cost a penny.

No taxes for those who are engaged in agriculture.

They maintained that the international community had been misinformed about the struggle against the regime. “Tell us,” they said, “who would not like such a regime?”

The Libyan government brought water to the desert by building the largest and most expensive irrigation project in history, the $33 billion GMMR (Great Man-Made River) project.

The GMMR provides 70 percent of the population with water for drinking and irrigation, pumping it from Libya’s vast underground Nubian Sandstone Aquifer System in the south to populated coastal areas 4,000 kilometers to the north.



One explanation for the assault on Libya is that it is “all about oil,” but that theory too is problematic.

As noted in the National Journal, the country produces only about 2 percent of the world’s oil. Saudi Arabia alone has enough spare capacity to make up for any lost production if Libyan oil were to disappear from the market. And if it’s all about oil, why the rush to set up a new central bank?

The Libyan rebels took time out from their rebellion in March to create their own central bank – this before they even had a government.

This suggests we have a bit more than a bunch of rebels running around and that there are some pretty sophisticated influences.

In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the revolutionaries announced the “designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

Another anomaly involves the official justification for taking up arms against Libya. Supposedly it’s about human rights violations, but the evidence is contradictory.

As the United Nations works feverishly to condemn Libyan leader Muammar al-Qaddafi for cracking down on protesters, the UN Human Rights Council is poised to adopt a report chock-full of praise for Libya’s human rights record.

The review commends Libya for improving educational opportunities, for making human rights a “priority” and for bettering its “constitutional” framework. Several countries, including Iran, Venezuela, North Korea, and Saudi Arabia but also Canada, give Libya positive marks for the legal protections afforded to its citizens — who are now revolting against the regime and facing bloody reprisal.


Another provocative bit of data circulating on the Net is a 2007 “Democracy Now” interview of U.S. General Wesley Clark (Ret.). In it he says that about 10 days after September 11, 2001, he was told by a general that the decision had been made to go to war with Iraq. Clark was surprised and asked why. “I don’t know!” was the response. “I guess they don’t know what else to do!” 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.

Six months before the US moved into Iraq to take down Saddam Hussein, Iraq 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.

Gadaffi 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. Gadaffi suggested establishing a united African continent, with its 200 million people using this single currency.

During the past year, the idea was approved by many Arab countries and most African countries. The initiative was viewed negatively by the USA.

And that brings us back to the puzzle of the Libyan central bank.

The Central Bank of Libya is 100% State Owned.

The Liby

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