New Evidence: The Real Reason Gaddafi Was Killed

Qaddafi was not killed for humanitarian purposes but for the oil and for money. His ideas of an African gold-backed currency were his major undoing.

The recent  have opened a can of worms everywhere including in Africa. Wikileaks released an  emailed to Clinton, dated April 2, 2011. Sidney Blumenthal, the sender of the email confirmed what the world already suspected. Qaddafi was not killed for humanitarian purposes but for the oil and for money. His ideas of an African gold-backed currency were his major undoing.

“So, we might ask ourselves: What happens when a “rogue” country threatens to bring the banking system that benefits the corporatocracy to its knees?” he asked later saying the Western empire has a standing army (NATO) to violently protect its position.

Libya was the “rogue” nation but the question is: Just what did Gaddafi have in mind

According to the IMF, Libya’s Central Bank is 100% state owned and in 2011, it was estimated to have 144 tons of gold in its vaults. Muammar Gaddafi’s plan was to introduce a gold-backed currency which he hoped African and Muslim nations would adopt. He felt it could rival the euro and the dollar, and rightly so too.

If Qaddafi had succeeded, the United States of America and Europe would have been forced to buy oil and minerals in the gold backed currency thus tipping the scales. This was a horror the West dared not experience. The situation would have been a more lethal re-enactment of Saddam Hussein’s currency wars when . At this point, the U.S. was highly insecure about the effects of the new currency to its economy. Hussein’s decision to sell oil in the then new currency was a blow to the U.S. worsened by the proclamation that the dollar was the “currency of the enemy”. Currency wars have therefore been a fact of history with the Hussein situation being a peculiar intra-Western conflict that culminated in the Middle East instability promulgated by U.S. interventionist policies. That Qaddafi would be killed for planning to introduce an African currency to the fray is not surprising but that does not make it acceptable.

And Qaddafi was targeted. He may not have been the most democratic leader in the world but . His plan of action (without the human rights violations) should be a blueprint for African development.

First Published by African Time in 2016