Is that the real reason he must go?
The history I was taught in school never held much interest for me. It seemed like a random progression of names, events, and dates attached to motivations that made little, if any sense. It wasn’t until I began my self study of economics, and particularly the nature of money, that a whole new world was presented to me. This was a world whose history was anything but random. In fact, almost every event throughout the history of Western civilization could be traced along a single thread of motivation: the control of money and resources.
The last 100 years, in particular, are the story of the dollar and how its creators have come to dominate the control of the world’s resources. In 1971, the dollar’s last implied link to real money (gold) was officially broken. Since then it has reigned supreme as the Petrodollar. Its creators – and controllers of the world’s largest military – have made sure that oil around the world could only be bought and sold in dollars. If you want to buy oil, you must first buy dollars.
It is for this reason, that stories like the one below from Russia Today, are particularly interesting. Libya has oil, which is of critical importance to the US, but Libya has always had oil. The rumored plans of Gaddafi to attempt a break of the dollar hegemony, by selling oil for gold Dinars, should not be taken lightly – as I’m sure they weren’t by the controllers of the dollar. If successful, it would be hard to imagine the rest of the OPEC nations continuing to accept depreciating, digital dollar credits in exchange for their finite, precious resources.
Such an event would have disastrous consequences for the dollar and the US Government. The cycle of trading newly created dollars for oil would be broken. The practice of countries around the world trading their goods and labor for infinitely diluted paper IOUs would be put in serious danger. How long could the US Government survive if it had to pay it’s bills in gold?