Why Gaddafi had to go

By Joshua Mihai
The Background of the Source
● I found the article after doing some research on OPEC and oil-backed
currencies.
● The article comes from The Ecologist, a website founded by Edward Goldsmith
(8 November, 1928 - 21 August 2009), an Anglo-French Philosopher in Ecology
and Economics.
● The author of the article is Ellen Brown (Born: 15 September, 1945), an
American author and public advocate of Public Banking.
● The Ecologist has not adhered to any political groups, but it has influenced
anti-globalisation efforts all over the world. It receives funding from the
Resurgence Charity Fund.

Link: https://theecologist.org/2016/mar/14/why-qaddafi-had-go-african-gold-oil-and-challenge-monetary-imperialism
Introduction
● The article goes over the discovered reasons for NATO intervention in the
Libyan Civil War:
1. To destroy Gaddafi’s plan to create a gold-backed Pan-African currency
2. To increase French influence in North Africa
● Libya’s economic history of its public Central Bank has also given some insight
as to why it sparked tensions against NATO
Details/Analysis
● The creation of Libya’s Gold-backed currency prompted a backlash from
Sarkozy, labeling Libya as a threat to global security
● Later studies show that Gaddafi was more of a threat to the international
monetary fund, due to Libya’s state-owned central bank, along with further
plans to integrate Libya’s hard currency into the rest of Africa
● Under an economic analysis, the Pan-African currency might cause investors to
doubt the reliability of the USD, which might have prompted the US to
intervene in Libya
● Looking into the details of the Libya crisis, it shows the economics behind
warfare, along the true face of the modern war industry
Discussion Questions

1. What’s the difference between a fiat currency and a hard currency, and which

one is more effective?

2. Should banks be publicly or privately owned?

3. Should countries interfere in the affairs of nations that don’t affect them?
End of Presentation