Gadhafi’s Gold-money Plan Would Have Devastated Dollar

Posted: January 4, 2012 in Banking, Gold Standard, politics
Tags: , , , , , ,

Gadhafi’s Gold-money Plan Would Have Devastated Dollar.

Ever wondered where the rest of the story was with Libya? Why out of all the countries in the world having issues, NATO picked them?

I for one bought into the idea of Obama needing another notch in his belt for the upcoming election. However, it seems there was more to this than originally thought.

Gadhafi had introduced a plan to quit selling oil using US dollars as payment. Instead, he proposed a continent-wide gold standard adoption  that would have crushed the world economy.

As I’m sure most already know, the U.S. stopped the gold standard some time ago and our tender is only guaranteed by the trust and good faith of the red, white, and blue.  And furthermore, the U.S. dollar is still the common  “world currency” standard.

So we know the ending to this story. Isn’t it interesting what the news doesn’t tell you?

Also, of merit.

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