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  #85  
05-02-2011, 08:52 PM
Tadimo
Boombat
 
: Oct 2010
: Australia
: 207
Rep Power: 15
Tadimo  (141)Tadimo  (141)

:


This is bullshit.
Please see the following link for "MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (debt)":
http://www.treasury.gov/resource-cen...uments/mfh.txt

It's an official document from the USA Treasury.

Libya is listed under Oil Exporters 3/, unfortunately though it doesn't give the specific debt amount for Libya.

I will provide a few other interesting things about the Libyan situation:

-The rebels created their own bank within weeks even before creating their own government

-The oil reserves in Libya are the largest in Africa

-The US and UK have been providing supplies to rebels for some time

-Qaddafi stated previously that he would provide future oil contracts only to China, India and Russia though he did make this statement after the uprising

-Qaddafi previously started a movement to refuse the US dollar and the euro and instead called on Arab & African countries to use a new currency called the gold dinar. Last year this idea was approved by many Arab countries and most African countries but was viewed badly by the USA and EU governments

-Libya's central bank is state owned and has nearly 144 tons of gold in its vaults

-Their central bank is also not a member bank of the Bank for International Settlements (BIS)

-Their oil industry is also nationalized

-All of this makes it much harder for foreign interests such as the BIS to interfere and screw over Libya's national economy to achieve their own ends

-While far from perfect, Libya's citizens enjoy free medical treatment that beats the US and other Western countries by a large margin,their education (including in abroad universities) is free, they get non-interest state loans, cars cost a lot less than in Europe, basics like petrol and bread cost next to nothing, there are no taxes for those who are engaged in agriculture, etc

I apologise for only mentioning the oil part and the debt previously though as there is much more at stake than that.

Back on topic: it also seems rather convinient that Osama's body has been gotten rid of so quickly; this means no possibility of future autopsies or investigations to find what what actually happened to his person.
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