8bitagent wrote:lupercal wrote:^ He says in the interview that a key motive is getting control of their oil and stealing their sovereign wealth funds, and if what's happening in Libya is any indication he's right. I've heard cheerful reports on NPR about the clever ways banksters are planning to steal Libya's sovereign wealth funds invested in the US, which are substantial, and apparently they've stolen quite a lot already, like that $1.2 billion by Goldman Sachs "lost" in six months. Here's another bil that a French outfit managed to "lose":Bloomberg - Jun 2, 2011
Societe Generale (GLE) SA designed a $1 billion bet on its own shares for Libya’s sovereign wealth fund in March 2008, and the investment had fallen 72 percent in value by the middle of last year, the Financial Times reported, citing documents that it’s reviewed.
The transaction involved a $1 billion note, repayable to the Libyan Investment Authority in 2018, that would reflect the performance of an equivalent investment in SocGen’s shares; the bank told the Libyans that, while an equity investment in dollars would be subject to currency fluctuations, a derivatives transaction would hedge that risk, the newspaper said.
The episode is an example of how prominent European and U.S. financial companies did business with President Muammar Qaddafi’s Libya in ways that, whatever the benefits or lack of them for Libya, generated substantial fees for themselves, the FT said.
http://www.bloomberg.com/news/2011-06-0 ... ports.html
Coincidence I'm sure.
At first I was thinking "why is the US, UK, Italy and France pushing so aggressively for war on Libya?" Afterall, all four were big business buddies of Ghadafy as of even January of this year.
I mean if we are to take their criteria at face value, Syria deserves "Western humanitarian intervention" more. Aw, but see...it's not war technically, it's "kinetic military action".
In the last week, a number of articles revealing mysterious bank actions with Libya have come out as you've pointed out and a clearer picture begins to emerge. Why is it that if there is any leftist alt media coverage against the war, it's simply from the perspective of being against US military action for the sake of military action(which I of course am against too) but...they don't go into the larger implications and reasoning. Actually I take that back, I seem to recall a number of stories a couple months ago about banks getting really tidy with the rebel government, as China seems to also be doing now.
For awhile the theme was "popular grassroots uprisings fueled by social media"(Tunisia, Egypt, Bahrain, etc) Now, it seems to be all out war. What's your take on Yemen? This is where the Gub'ment claims al Qaeda central now is and where all the alleged "terror plots" comes from. I suspect something much deeper is at play
Yeah a lot of it seems engineered to a) muscle China out of these markets and b) control oil supplies and Yemen seems to figure into both calculations. From an Engdahl article on Global Research:
- The Yemen Hidden Agenda: Behind the Al-Qaeda Scenarios, A Strategic Oil Transit Chokepoint
Global Research, January 5, 2010
The strategic significance of the region between Yemen and Somalia becomes the point of geopolitical interest. It is the site of Bab el-Mandab, one of what the US Government lists as seven strategic world oil shipping chokepoints. The US Government Energy Information Agency states that "closure of the Bab el-Mandab could keep tankers from the Persian Gulf from reaching the Suez Canal/Sumed pipeline complex, diverting them around the southern tip of Africa. The Strait of Bab el-Mandab is a chokepoint between the horn of Africa and the Middle East, and a strategic link between the Mediterranean Sea and Indian Ocean." [9]
Bab el-Mandab, between Yemen, Djibouti, and Eritrea connects the Red Sea with the Gulf of Aden and the Arabian Sea. Oil and other exports from the Persian Gulf must pass through Bab el-Mandab before entering the Suez Canal. In 2006, the Energy Department in Washington reported that an estimated 3.3 million barrels a day of oil flowed through this narrow waterway to Europe, the United States, and Asia. Most oil, or some 2.1 million barrels a day, goes north through the Bab el-Mandab to the Suez/Sumed complex into the Mediterranean.
An excuse for a US or NATO militarization of the waters around Bab el-Mandab would give Washington another major link in its pursuit of control of the seven most critical oil chokepoints around the world, a major part of any future US strategy aimed at denying oil flows to China, the EU or any region or country that opposes US policy. Given that significant flows of Saudi oil pass through Bab el-Mandab, a US military control there would serve to deter the Saudi Kingdom from becoming serious about transacting future oil sales with China or others no longer in dollars, as was recently reported by UK Independent journalist Robert Fisk.
It would also be in a position to threaten China’s oil transport from Port Sudan on the Red Sea just north of Bab el-Mandab, a major lifeline in China’s national energy needs.
In addition to its geopolitical position as a major global oil transit chokepoint, Yemen is reported to hold some of the world’s greatest untapped oil reserves. Yemen’s Masila Basin and Shabwa Basin are reported by international oil companies to contain "world class discoveries."[10]
http://www.globalresearch.ca/index.php? ... context=va
Oil and stategery, who could have predicted.
