“President Obama explained this won’t be a long-term operation… Matter of days, not a matter of weeks. Not even months… He’s (Obama) trying to give the rebels, those who want democracy, a fighting chance at just that and trying to stop Gaddafi –this is the human thing to do — from slaughtering his own people.”By the very use of the word “invade” in the title, Schultz would seem to understand that the continued military support is likely to last for quite some time. Indeed, this was confirmed on Sunday morning when Defense Secretary Gates and Secretary of State Hillary Clinton hinted that the operation could indeed last for months, which seems to debunk Schultz’s main argument that it’s only a days-long conflict. This justification is reminiscent of Wolfowitz and Rumsfeld falsely stating that the Iraq war would be quick and easy — only cost a couple of a billion dollars that would be paid for by Iraqi oil. Establishment progressives can no longer hide behind phony labels. They have officially joined the ranks of the War Party serving up American blood and treasure to support profits for the military-industrial complex and Big Oil, while compromising on austerity cuts at home. Related: central bank of libya is 100% state owned
The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.Since the old Central Bank of Libya was state owned, it was essentially under the control of Moammar Gadhafi. But now that Libya is going to be “free”, the new Central Bank of Libya will be run by Libyans and solely for the benefit of Libyans, right? Of course it is probably safe to assume that will be the case with the new national oil company as well, isn’t it? Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be “free” the people of Libya will be able to work hand in hand with “big oil” and this will create a better Libya for everyone. Right? Of course oil had absolutely nothing to do with why the U.S. “inva—” (scratch that) “initiated a kinetic humanitarian liberty action” in Libya. When Barack Obama looked straight into the camera and told the American people that the war in Libya is in the “strategic interest” of the United States, surely he was not referring to oil. After all, war for oil was a “Bush thing”, right? The Democrats voted for Obama to end wars like this, right? Surely no prominent Democrats will publicly support this war in Libya, right? Surely Barack Obama will end the bombing of Libya if the international community begins to object, right? Obama won a Nobel Peace Prize. He wouldn’t deeply upset the other major powers on the globe and bring us closer to World War III, would he? Russian Foreign Minister Sergei Lavrov has loudly denounced “coalition strikes on columns of Gaddafi’s forces” and he believes that the U.S. has badly violated the terms of the UN Security Council resolution….
“We consider that intervention by the coalition in what is essentially an internal civil war is not sanctioned by the U.N. Security Council resolution.”So to cool off rising tensions with the rest of the world, Obama is going to call off the air strikes, right? Well, considering the fact that Obama has such vast foreign policy experience we should all be able to rest easy knowing that Obama will understand exactly what to do. Meanwhile, the rebels seem to be getting the hang of international trade already. They have even signed an oil deal with Qatar! Rebel “spokesman” Ali Tarhouni has announced that oil exports to Qatar will begin in “less than a week“. Who knew that the rag tag group of rebels in Libya were also masters of banking and international trade? We sure do live in a strange world. Tonight, Barack Obama told the American people the following….
“Some nations may be able to turn a blind eye to atrocities in other countries. The United States of America is different.”So now we are going to police all of the atrocities in all of the other countries around the globe? The last time I checked, the government was gunning down protesters in Syria. Is it time to start warming up the Tomahawks? Or do we reserve “humanitarian interventions” only for those nations that have a lot of oil? In fact, atrocities are currently being committed all over Africa and in about a dozen different nations in the Middle East. Should we institute a draft so that we will have enough young men and women to police the world with? We all have to be ready to serve our country, right? The world is becoming a smaller place every day, and you never know where U.S. “strategic interests” are going to be threatened next. The rest of the world understands that we know best, right? Of course the rest of the world can surely see our good intentions in Libya, can’t they? Tensions with Russia, China and the rest of the Arab world are certainly going to subside after they all see how selfless our “humanitarian intervention” has been in Libya, don’t you think? In all seriousness, we now live in a world where nothing is stable anymore. Wars and revolutions are breaking out all over the globe, unprecedented natural disasters are happening with alarming frequency and the global economy is on the verge of total collapse. By interfering in Libya, we are just making things worse. Gadhafi is certainly a horrible dictator, but this was a fight for the Libyan people to sort out. We promised the rest of the world that we were only going to be setting up a “no fly zone”. By violating the terms of the UN Security Council resolution, we have shown other nations that we cannot be trusted and by our actions we have increased tensions all over the globe. - -
After the ecstasy of revolution, the Bankers quietly begin carving up Egypt and North AfricaBy Richard Eastman 21st Century Wire Feb 25, 2011 The European Bank for Reconstruction and Development (EBRD) is ready to lend one billion EUROS a year to Egypt for reconstruction and “free-market reform”- even as Egypt’s Minister of Finance Samir Radwan has gone begging to the City of London bankers and the British Ministry of Trade and Investment for relief on debt payments that are about to throw Egypt into bankruptcy. All this, as Egypt has been such a good boy with regards to privatization and austerity, measures which awarded Egypt its celebrated 7 percent growth rate- mostly in investments that will end up in international hands as ventures fail to pay out with ever diminishing Egyptian domestic purchasing power. FRESH CYCLES OF DEBT First EBRD will lend at interest and build what they want backed by Egyptian collateral and the value of the projects themselves. Then when it turns out they can’t make the debt payments because of all the interest we have sucked from them, we take over all of the assets we have developed. That’s freedom and EBRD is really going to give it to them. After all EBRD is experienced at this. In 1991 the EBRD was organized to financially lead Russia and Eastern Europe in their transition from paternalistic socialism to sustainable free-market economies open to international investment.
The U.S. is the EBRD’s largest shareholder, although the combined stakes of European Union nations give that bloc the greatest say in how it operates. EBRD President Thomas Mirow in a speech at Oxford University declared:
“Twenty years ago, the EBRD rose to the challenge posed by the collapse of communism. Today, in the Middle East… we are ready to act again, championing the values that we hold dear. . . We have the ability to deliver the development of the private sector, particularly the small and medium-sized enterprises which drive job creation and thus supplement the efforts of other international financial institutions which focus on public infrastructure.”European Union foreign policy chief Catherine Ashton told Egyptian Foreign Minister Ahmed Aboul Gheit that the EU will permit new loans and provide “expertise” if Egypt ‘willing to make the necessary economic reforms’ in order to get them. Meanwhile new parties are being formed through Facebook to counter, and crowd out traditionally popular organizations like the Muslim Brotherhood. New Parties like the “25th of January Party” — no indication of what it stands for in the name — has garnered hundreds of thousands of “likes”. Another Party, the “Freedom and Justice Party” is a magnet for a secular pro-free-market Egyptians looking for power and position in the new Egypt. But a hundred other parties are being financed, each directed at peeling away one or more demographic groupings from the Muslim Brotherhood. This important work is proceeding as the world is distracted by the violence in Libya. By the time the world is ready to look at Egypt again, the nation will show an entirely different political landscape. It is clear that the little people have lost again, that Egyptians have lost their revolution and that the people simply are not well enough informed to raise up their own alternative to domination by International Finance. The so-called Egyptian revolution has been hijacked by the Rothschilds while the world has shifted its eyes to Libya. Meanwhile, Citi Group and the global banking elite continue formulating and farming their emerging markets: “Citi has unveiled what it dubs the ‘3G’ countries: Global Growth Generators. The 11 countries it picks out as leading lights are Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, the Philippines, Sri Lanka and Vietnam.” - The Wall Street Journal 2-24-2011 The closure of Egypt’s banks for two of the past three weeks has added strain on an economy already reeling from the evaporation of tourism and a prolonged stock market closure caused by the political upheaval that ousted long-time leader Hosni Mubarak. The bank shutdown and the draining of ATM machines have paralyzed businesses and left ordinary people scrambling for cash. The country’s banks had long been a source of pride for Egyptians, with its strong regulatory environment and their lack of investments in the kind of toxic assets that hammered Western banks helped Egypt weather the worst of the global financial meltdown. Two weeks Moody’s Investors Service downgraded its credit ratings for five Egyptian banks. Future loans from international agencies will depend on eliminating those regulations and meeting other benchmarks for “free-market reform”. BANK HOLIDAY: ORDER OUT OF CHAOS Banks remained open the first few days of the 18-day democracy uprising. But after a weekend of looting, arson and lawlessness on Jan. 28-29, they closed for a week and many ATMs ran out of cash. The following week, the banks closed. They reopened the week of Feb. 6-10 and this week on Sunday. The military-led caretaker government has sought to re-establish a measure of normalcy after Mubarak’s ousting. Banks reopened on Sunday and officials breathed a sigh of relief when a much-feared run on them did not materialize— the first weekday following Mubarak’s exit. They closed again on Monday, the central bank ordering them to remain shut at least until the start of next week on Sunday. A week ago, Credit Suisse estimated that the unrest had cost the country at least $310 million per day, and predicted the Egyptian currency would come under heavy pressure as investors shifted to dollar deposits or pulled their money out entirely. Those projections for economic growth this year were quickly revised down from 6 percent, to between 2 and 4 percent respectively. The European Investment Bank (EIB) , on Tuesday, requested $1.4 billion is needed for lending from the European Union to support the transition to democracy in Tunisia, Egypt and other Arab countries. In addition, the bank wants clearance to reinvest money repaid from earlier transactions which will raise the total to $8.2 billion over three years. EIB President Philippe Maystadt said the $8.2 billion would allow them to do something significant in coming years, especially for new projects in job creation for young people, who have become frustrated with lack of job opportunities and as a result, become the main drivers… for uprisings. FINAL NOTE: In 2010, the EIB lent a record $3.5 billion to projects in the Arab region, making it the biggest provider of long-term financing there, Maystadt said. That being said, Maystadt admitted of the $11.9 billion allocated between 2008 and 2013, only about $3.8 billion is left, and they are ready to do more. The EIB invests in new enterprises, lending funds to small and medium-sized companies, as well as investing in new transport, energy and infrastructure for new developments. Typically, it raises money by issuing bonds, guaranteed by the EU against political risk. Current projects include Morocco, Tunisia, Syria, Egypt, the Palestinian Territories, Lebanon and Algeria, but has not been authorized to invest in Libya. — Author Richard Eastman lives in Yakima, Washington and is a guest writer for 21st Century Wire. He provides a free clipping service to “populist activists” along with his own commentary advancing several conspiracy theories, and is an advocate of Social Credit. –