Was Gaddafi killed because of gold dinar currency?
An interesting point is being brought up regarding Gaddafi’s death and the dinar currency. Oddly enough the place in which I first heard about this information was from Russia Today. In my opinion it’s a very solid argument that may or may not be true. Africa is a very Gold rich country yet it’s a very poor continent so an argument good be raised that if the African currency was backed by Gold it would change the entire scope of things.
I found the words used by the reporter in this instance quite interesting her exact words were “a true sharing of the wealth”. I want to also point out that RT is an acronym for Russia Today – “Communist Russia”. There are still a lot of angry Russians that would love to see America fall! I know many of you are falling for these conspiracy theories as of late but don’t forget what form of government Russian’s stand united for.
Personally I think a Gold standard could happen in Africa but it wouldn’t last for long. Gold is controlled by demand just like oil is, let’s say Africa switched over to Gold and America refused to purchase oil for gold what would happen then? Who would suffer the most the United States or Africa? A better question to ask is what good is gold if the major economies that currently run the world don’t accept it. I can hear some of you saying well what about China? Yea what about China last time I checked China needs Americans and Europe to buy their goods to grow their economy. So what about China?
Education and common sense are the true wealth
You can’t put a price on education or common sense, you can’t put a price on innovative ideas you can’t put a price on military power. It annoys me to hear people talk about Gold and a Gold standard as if it will change the world for the better or speak of it like trading or using gold and silver to trade hasn’t been done before. Once you have a Gold standard the problems that always arise are gold speculators, deflation and the also the problem of all the gold and silver ending up in a few hands.
In the modern world laws govern money not the person digging for gold and silver. It very well might be true that the war in Libya and Muammar Gaddafi’s death was caused by him wanting to change over their currency to the gold dinar but at the end of the day who cares. The days of Kings and dictatorships are slowly coming to end and making way for Democracy and by Democracy I don’t mean this B.S we have in the United States I mean true democracy where the people dictate what direction they want for their country.
How can Libya become great nation?
Remember the Egyptian uprising notice how we haven’t heard much from Egypt well that’s because the Egyptian people haven’t decided what they want for Egypt yet. I suspect Libya will encounter the same problem in the near future. The good news for Libya however is that they have oil, so depending on how they structure their economy they might rebuild faster than Egypt will.
The key in my opinion to Libya’s success will be how they structure their laws and their government.
Final thoughts
Communism and communist beliefs are slowly creeping their way back into society. Conspiracy theorists are a major contributor to this and those of you subscribing to conspiracy theories beware that Russian television and much of the Russian population want nothing more than to see the United States and Capitalism fail. Gerald Celente, Infowars, Ron Paul followers, Russia Today, Inflation.us, Occupy Wall Street (which I personally feel was started by terrorists) and similar organizations are all in my personal opinion terrorists of our current way of life.
If you have a problem with the way things are run you should work to change the laws in your country don’t attack the financial sector. Money is controlled by knowledge and laws so if you feel that some things are unfair you need to work to get laws passed.
Thanks for reading some other posts you might be interested in reading are listed below:
- How Much Silver Should I Own In Case of Emergency
- Is The Canadian Dollar Backed By Gold
- Gold Bullion Coins vs. Numismatic Coins / GoldLine.com Reviewed
- What does a credit rating downgrade mean to America?
- Will the price of Silver go Up in 2012?
- Was Gaddafi killed because of gold dinar currency?
- The best way to get rid of oil and other fossil fuels
“Once you have a Gold standard the problems that always arise are deflation”
^ Deflation is not a problem – being wealthy is not a problem!!
“and the also the problem of all the gold and silver ending up in a few hands.”
^ Yes this is a problem. It’s also a problem with all currencies and I believe this is an inherent properties of networks. Perhaps this property can be mitigated by cryptocurrency algorhythim rather than abandoning money all together?
Very well said regards communism and conspiracy theories. I don’t agree with it, but very well said.
Thank for your comment “J” Being wealthy can be a problem when majority of the population is poor and uneducated about wealth creation. Like it or not when creating any form of government you have to look at things from a global perspective. In my personal opinion “inherent properties of networks” as you call it happens because of shared interests.
Cryptocurrency to me seems more like a pyramid scheme and I have a similar view to it as I do Gold. Fiat Currencies are controlled by laws. The currency problems the world is currently facing is because of laws and people’s ignorance to how the currency markets work.