The Central Bank of Libya under Muammar Gaddafi | Stephen M. Goodson

From 1551 to 1911 Libya was ruled by the Ottoman Empire, by Italy from 1911 to 1943 and from 1943 to 1951 was under the military suzerainty of Britain and France. The Central Bank of Libya was founded in 1956 and was run as a typical central bank until the bloodless coup d’etat of 1 September 1969. 

 

Mu’ammar Qathafi - A strict disciple of the Holy Q’uran, who abolished all forms of usury
and used the Central Bank of Libya for the sole benefit of the Libyan people.

Oil of an exceptionally high quality was discovered in 1959. However, King Idris al Mahdi as-Sanusi failed to capitalise on this bonanza or use it for the benefit of his people, and the bulk of the oil profits were siphoned into the coffers of the oil companies. On assuming power in 1969 Mu’ammar Muhammad al-Qathafi took control of most of the economic activities in the country, including the central bank, which for all practical purposes was run as a state bank. It operated as a banker of the local bankers and foreign bankers were not permitted to operate. Financing of government infrastructure did not atract riba (interest) and Libya had no national debt and no foreign debt. Its foreign exchange reserves exceeded $54 billion, which may be compared to reserves of developed countries such as the United Kingdom and Canada, which in 2010 were $50 billion and $40 billion respectively. GDP growth during the period 2000-10 was 4.32% per annum and the official figure for inflation was -0.27%.

 

Mass manifestation in support of Muammar Gaddafi in Tripoli,  July 1, 2011.

Colonel Qathafi was described by the mainstream media as being a “terrible dictator and a blood-sucking monster”, but the reality was that with the exception of the city of Benghazi and its environs, he had the support of 90% of the population. The following benefits provided by Qathafi explain why he was so popular:

■   Free education. Free electricity. Free health care. Free housing (There were no mortgages).
■   Students were paid the average salary for which subject they were studying.
■   Students studying overseas were provided with accommodation, an automobile and €2,500 per annum.
■   Newly-wed couples received a gift of 60,000 dinar ($50,000) from government.
■   Automobiles were sold at factory cost free of interest.
■   Private loans were provided free of interest.
■   Bread cost 15 US cents per loaf. Gasoline cost 12 US cents per litre.
■   Portion of profits from sale of oil was paid directly into bank accounts of citizens.
■   Farmers received free land, seeds and animals.
■   Full employment with those temporarily unemployed paid a full salary as if employed.

Qathafi’s Jamahariya “state of the masses” ensured that the wealth of this country of 5.79 million inhabitants was fairly distributed to all of its people. Beggars and homeless vagrants did not exist, while life expectancy at 75 years was the highest in Africa and 10% above the world average. The literacy rate was 82%. Regarding human rights Libya stood at 61 in the International Incarceration Index. The lower the rating, the lower the standing. The no.1 spot is currently occupied by the United States. Another major achievement, which Qathafi initiated was the conversion of the Nubian Sandstone Fossil Aquifer System into the Great Man-Made River, which supplies 6,500,000m³ of fresh water daily to the cities of Tripoli, Sirte and Benghazi. The extracted water is ten times cheaper than desalinated water. The total cost of the project, estimated at $25 billion was financed without a single foreign loan.

 

 Prince Mangosuthu Buthelezi's foreword to 

A History of Central Banking and the Enslavement of Mankind.

 

Although the central banks of Belarus, Burma, Cuba, Iran, North Korea, North Sudan and Syria do not fall under the direct control of the Rothschild banking syndicate, Libya had the only central bank run on genuine state banking lines, which exhibited the classic symptoms of full employment, zero inflation and a modern day workers’ paradise. The question arises as to why NATO intervened on the pretext of fabricated human rights abuses, the so called responsibility to protect. Since 1971 when the United States abandoned the gold exchange standard for the petrodollar with the connivance of Saudi Arabia, any attempt to displace the United States dollar as the premier reserve currency has been blocked and opposed with violence.

 

 Ezra Pound - 1943.

 

In November 2000 Saddam Hussein of Iraq decreed that all oil payments would in future be made in euros, as he did not wish to deal “in the currency of the enemy”. As has already been proven, the possession of weapons of mass destruction pretext was a deliberately concocted hoax and it was this currency decision, which cost Saddam Hussein his life and the destruction of his country. 

 

True, whether the quote is authentic or not.

In similar circumstances Qathafi announced in 2010 the creation of the gold dinar as a replacement for the settlement of all foreign transactions in a proposed region of over 200 million people. Libya at that time possessed 144 tons of gold. What was intended was not a return to the gold standard per se, but a new unit of account with oil exports and other resources being paid for in gold dinars. Qathafi crossed a red line and paid the ultimate price [he was assassinated by Western invasion forces in Sirte on October 20, 2011].

 The Truth About Libya - Stephen Mitford Goodson, 2011.

Since 2007 Iran has stipulated that payments be made in euro currency. On 17 February 2008 the Iranian Oil Bourse for trading in petroleum, petrochemicals and gas using primarily the euro, Iranian rial and a basket of non-US currencies was established. The first oil shipments under the new system were sold through this market in July 2011. This event must be deemed as one of the prime causes for the constant Israeli and American threats to annihilate Iran.

Quoted from:

Stephen Mitford Goodson (2017) - A History of Central Banking and the Enslavement of Mankind.

 

See also:

Imran N. Hosein (2023) - The Bretton Woods International Monetary System.
TPR (2023) - Ibrahim Traoré: Terminating French Neocolonialism & the CFA Zone in Africa.
Stephen Mitford Goodson (2022) - Who Ever Sets the Price of Gold and Silver.

Asatizah of Al-Munawwar (2013) - The Dazzling Proof for the Return of our pure Money. The Judgment on Fiat Currency. 

US Secretary of State Hillary Clinton (October 20, 2011) - Bragging about murdering Libya’s Leader Muammar Gaddafi. (video)

 Global Research (May 5, 2011) - The Gold Dinar: Saving the world economy from Gaddafi.

Stephen Mitford Goodson (April 1, 2011) - The Truth About Libya.

Muammar Gaddafi (2009) - "I am the leader of a revolution, not a country." (video) 

Muammar Gaddafi (1975) - The Green Book.

Sabbatai Zevi, Freemasonry, Dönmeh & the Turkish Republic │ Dejan Lučić

Turkey is ruled by the secret society Dönmeh. You can check this on the internet. They are Jews who converted to Islam in 1666. Mind you, 1666. Let me explain who they are. A guy called Sabbatai Zevi, a charismatic Jew, handsome, two meters tall, being familiar with magic, a good speaker, travels around Turkey. Although people know that he is a friend of the English, and keeps boasting how he will establish a Jewish state in the Ottoman Sultan's empire, he is supported by the Sufis, by the Kabbalists. Everyone admires him. So he has 50,000 followers, and the majority of them live in Thessaloniki.

 Enthronement of the false Jewish messiah 

Sabbatai Zevi in Smyrna (İzmir) in 1648.

The Sultan hears about this and orders his servants to arrest Sabbatai Zevi in 1666. He asks him: "You fool, do I hear that you're talking about establishing a Jewish state in my Empire of the Turks, how are you going to establish a Jewish state here? Who is spreading this nonsense? Are you insulting me? I will order my servants to cut off your head, since you are a subversive element." Sabbatai Zevi answered: "Hold on, dear Sultan, I want to tell you something. If you cut my head off, you will enrage the Jews in London, Paris, Berlin, who are all interconnected, and they will overthrow you, cutting your own head off. Your brother will become Sultan, or perhaps your son, while you and I will be headless. So let me make a suggestion: Spare my head, and I will do my best to restore your honor by neglecting stupidities that I talked about. I will denounce my Jewish faith and will publicly convert to Islam, I will say 'Allahu Akbar', I will bow and accept it." The Sultan smiled and said: "All right, do it!", and Sabbatai Zevi actually converted to Islam on September 16, 1666 and so did his 50,000 Jewish followers. Within five years the Sabbatean crypto-Jews were able to infiltrate every existing pore in the Ottoman state, and taking full control of it. And ever since, Turkey has been ruled by this secret society, the Dönmeh, comprised of Jews, who today number some 20,000, but are perfectly distributed. 

 

Is Recep Tayyip Erdoğan, the President of Türkiye, really a Georgian, a Laz, a Greek, an Armenian, a Kurd, a snake, a Jew, 

a Dönmeh, a Freemason? Is he really an Israeli asset and all of his 'support for Palestinians' but empty talk? Who really cares.

Thus Mustafa Kemal Atatürk was born in Thessaloniki and educated in Bitola. He also probably spoke Serbian. A wise man. Of course a Freemason. The order of the Ancient and Accepted Scottish Rite of the English amputated the Ottoman Empire, abolished the Caliphate, created a Turkish nation state, switched to the Latin alphabet and modernized Turkey. Since then, up until today, Turkey has been ruled by the Jewish Dönmeh. So Mr. Erdoğan, who says that he feels at home in Sarajevo and that Sarajevo and Priština are Turkish and so on, is a member of the secret society Dömneh just like his former Minister of Foreign Affairs – Abdullah Gül. All of you Bosniacs can easily check this. Contact your countrymen in Turkey, ask them via phone, Skype or Viber if that what this Dejan Lučić claims is true, that Erdoğan is actually a Jew.  
 

Quoted from:
Dejan Lučić (2016/2020) - Erdogan is a Freemason, member of Turkey’s secret society ‘Dömneh’.

 

 » Erdoğan is actually a Jew. «
Serbian-Yugoslavian historian Dejan Lučić, 2016.

See also: 

Robert Sepehr (2024) - Subversive Origins of Communism. (video)

Robert Sepehr (2015) - 1666. Redemption through Sin: Global Conspiracy in History, Religion, Politics.
Gershom Scholem (1976) - Sabbatai Ṣevi: The Mystical Messiah, 1626–1676.

 

 Bheria (2023) - Sabbatean-Frankism: The obscure Jewish sect that shaped modernity.

Inside European Finance’s Most Secretive Society │ Owen Walker

In late October 2023 more than 40 of Europe’s most powerful bankers convened at the palatial Dolder Grand hotel overlooking Zurich for three days of discussions about the state of their industry. Attendees were given the chance to quiz Switzerland’s finance minister Karin Keller-Sutter and central bank governor Thomas Jordan, just over six months after the pair played key roles in the rescue of Credit Suisse by its rival UBS. The talks, which were not publicly disclosed, were arranged by a highly influential organisation whose existence is barely known outside its rarefied membership.

 

Italian President Francesco Cossiga at the 77th session of the IIEB on October 20, 1989.

 » This is not like Davos, where anyone can buy their way in. This really is exclusive. «

 

[...] The Institut International d’Etudes Bancaires (IIEB, International Banking Study Institute) is the most exclusive and secretive networking club in European finance, where bank bosses rub shoulders with guests from presidents and prime ministers to royalty and central bankers. “This is not like Davos, where anyone can buy their way in,” one longtime member told the Financial Times. “This really is exclusive.” For 73 years the IIEB has brought together the heads of Europe’s biggest banks twice a year at luxury hotels and royal palaces across the continent to discuss sensitive subjects such as M&A deals and global policymaking. The group has no website and its membership, meeting agendas and minutes are not made public. Members are discouraged from sharing details of the discussions. 

 

[...] The IIEB was founded in Paris in 1950 by the heads of four lenders from across the continent — Crédit Industriel et Commercial, Union Bank of Switzerland, Société Générale de Belgique and Amsterdamsche Bank — with the aim of holding regular top-level discussions on developments in the banking sector, as well as the economy and monetary system. It was part of a raft of cross-border institutions set up during that period to encourage closer ties between organisations from countries that had recently been at war with one another. [...] High-profile guests are a staple of IIEB gatherings. In 2000 and again in 2009, the group was hosted by Prince Andrew, first at St James’s Palace and then Buckingham Palace. At the IIEB’s first meeting in Russia, in St Petersburg in 2013, it received a speech from former president Dmitry Medvedev, while the club welcomed Recep Tayyip Erdoğan, now Turkey’s president, at a gathering in Istanbul when he was still the country’s prime minister.

 

[...] In one of the few publicly disclosed speeches given to the IIEB, European Central Bank vice-president Lucas Papademos began addressing the October 2006 IIEB meeting in Athens by quoting Adam Smith’s warning against collusion from 'The Wealth of Nations': “People of the same trade seldom meet together even for merriment and diversion, but on those occasions when they meet the conversation ends in a conspiracy against the public or some contrivance to raise prices. If Adam Smith could have seen this gathering of top bankers from across Europe, would he have expressed such an opinion, which would also be a cause of alarm for a central banker because of the potential ‘contrivance to raise prices’? I very much doubt it.”

Reference:
Owen Walker (Feb 10, 2024) - Inside European finance’s most secretive society.

 

See also:
Carroll Quigley (Oct 23, 2023) - The Bank for International Settlements: The Apex of the System.

The 41-Month Kitchin Cycle in Stocks │ Edward R. Dewey

Another cycle that has done all in its power to keep cycle scientists humble is one averaging 40.68 months in length. It has been present in industrial common-stock prices since 1871 and was discovered in 1912 by a New York group of investors. These gentlemen had learned that the Rothschilds had analyzed British consols (government obligations) and had broken up the price fluctuations into a series of repeating curves that had been combined and used for forecasting. The New York group hired a mathematician to discover the secret formula of the Rothschilds, and working with the Dow-Jones Railroad Averages, he discovered a forty-one-month cycle, plus three others, which his employers used to help them invest in the market. Apparently they were very successful around World War I.

 

Figure 38: The 41-Month Rhythm in Stock Prices, 1868-1945.

 

Some ten years after the original discovery, Professor W. L. Crum, of Harvard, noted a cycle of "39, 40, or 41 months" in monthly commercial-paper rates in New York. Almost simultaneously, Professor Joseph Kitchin, also of Harvard, discovered a cycle that he called forty months in six economic time series, bank clearings, commodity prices, and interest rates in both Great Britain and the United States from 1890 to 1922. As far as I know, it was not until 1935, twenty-three years after the original discovery, that this cycle was again noticed in the stock market. Our old friend Chapin Hoskins, who knew nothing of the earlier work, discovered this cycle in many series of price and production figures, including common-stock prices. Early in 1938 he made an extensive study of this cycle for one of the large investment-trust services.

Figure 38 shows the forty-one-month cycle (now refined to 40.68 months) from 1868 through 1945. As you can see, while its waves are not identical to an ideal 40.68 wave, which is represented by the broken zigzag, there is an amazing correspondence between them. This cycle persisted through wars and peace, good times and depressions.

Then, in 1946, something strange happened to our cycle. Almost as if some giant hand had reached down and pushed it, the cycle stumbled, and by the time it had regained its equilibrium it was marching completely out of step from the ideal cadence it had maintained for so many years. As you can see in Figure 39, it has regained the approximate beat of forty-one months or so, as before, but its behavior now appears upside down on our graph.

 

Figure 39: The 41-Month Rhythm, Upside Down, 1946-1957.

 

Scores of explanations and reams of paper have been expended to explain this behavior. We are familiar with most of the possibilities, such as distortion by random behavior, two or more other cycles of near lengths, and even a general public knowledge of this particular cycle, which may have had a distorting effect on its timing. But, in truth, no one can positively explain what happened in 1946 any more than they can explain the regularity of the rhythm for all the years that preceded it.

Quoted from:
Edward R. Dewey & Og Mandino (1971) - Cycles: The Mysterious Forces that Trigger Events.

 

42-Month Cycle in the DJIA (weekly bars), March 2020 - October 2023.

The Essence of Zionism is Satanism | Alexander Dugin

Zionism is the state ideology of Israel. Why do Jews believe they are the chosen people? What is the significance of the Jewish diaspora as a Jewish tradition? Why is Zionism, on one hand, a continuation of Judaism and, on the other, its refutation? Like any religion, Judaism has many dimensions. Speaking about it simplistically, either in praise or condemnation, is primitive.

 

  » Zionism is Jewish Satanism, Satanism within Judaism, overturning all its foundations. «

Alexander Dugin, 2018 

Judaism is tied to the belief that Jews are the chosen people (primarily in a religious sense). Their goal is to await the Messiah, who will be the King of Israel. Thus, their religion is associated with the anticipation of the Messiah. According to Judaism, at the beginning of the first millennium, Jews went into the diaspora. The Second Temple was destroyed, marking the start of a two-thousand-year history of their dispersion. This era is part of the Jewish tradition. The purpose is to atone for Israel’s sins accumulated during previous historical periods. If this atonement is genuine and the repentance profound, then according to Jewish tradition, the Messiah will appear, signifying the blessing of the chosen people. In this case, the return of Jews to Israel, the establishment of an independent statehood, and the creation of the Third Temple will ensue. This is the structure of the Jewish culture of anticipation. The most consistent representatives of this approach are the fundamentalists from the Neturei Karta movement. They say that the Jewish God commanded to endure the hardships of exile, so one must wait for the end and atone for sins. And when the Messiah comes, one can return to the Promised Land.

 

How did it happen that the state has already been established and prohibitions have been violated? To understand why modern Israel is in complete contradiction with the Jewish religion, one needs to go back to the seventeenth century, to the era of the pseudo-Messiah Shabbtai Tzvi, the herald of Zionism. He claimed he was the Messiah, and therefore Jews could return to Israel. The fate of Shabbtai Tzvi is sorrowful. When he arrived at the Ottoman sultan with claims to Palestine, he was given a choice: either be beheaded or convert to Islam. Then something strange happened: Shabbtai Tzvi converted to Islam. At that time, this was a major disappointment for Jewish communities. However, followers of Shabbtai Tzvi (Sabbateanism) appeared – especially his teachings spread among Ashkenazi and Eastern European Jews. The Hasidic movement developed in parallel, which had no eschatological or messianic orientation but disseminated Kabbalistic teachings among ordinary people. In some Sabbatean sects (particularly among the Frankists in Poland), a theology arose: supposedly, Shabbtai Tzvi was the real Messiah and made the transition to Islam deliberately; thus, he committed a ‘sacred betrayal’ (he betrayed Judaism to hasten the coming of the Messiah). By such logic, one can easily convert to other religions. Jacob Frank, for instance, first converted to Islam, then to Catholicism, arguing that Jews consume Christian infants. He completely violated all forms of Talmudism and betrayed his faith – but Frank’s secret doctrine suggested that after the seventeenth century, the very notion of the Messiah changed. Now, the Jews themselves became the Messiah – there is no need to wait for him, so even if you betray your religion, you are holy – you are God.

 

Thus, an intellectual environment for Zionism was created. Zionism is Jewish Satanism, Satanism within Judaism, overturning all its foundations. If in Judaism one must await the coming of the Messiah, then in Zionism, a Jew is already God. This is followed by violations of the Talmudic commandments. This leads to specific relations between Zionism and Judaism. On the one hand, Zionism is a continuation of Judaism; on the other, it is its refutation. Zionists say there is nothing left to repent for; they have suffered enough, and they are God. This explains the peculiarity of the modern Zionist state, which relies not just on Israel but also on secular Jews, Jewish liberals, Jewish communists, Jewish capitalists, Jewish Christians, Jewish Muslims, Jewish Hindus, etc., all of whom represent the network of Frankism – each of them can comfortably commit a sacred betrayal, build a state, assert global dominance, and establish a ban on criticising Zionism (in some American states, criticising the state of Israel is equated to anti-Semitism). The only step left for them is to blow up the Al-Aqsa Mosque and begin the construction of the Third Temple. Incidentally, funds for the investigation of the Temple Mount have already been allocated by the Knesset – everything is moving in this direction. How can one quell a conflict with such deep metaphysical roots through appeals to the UN, with phrases like ‘let’s reconcile’ or ‘let’s observe human rights’? In the Palestinian conflict, they have long disregarded these human rights. Moreover, we hear increasingly absurd statements from them – for instance, accusing people of anti-Semitism who are actually defending the Semitic Palestinians. If we step beyond the hypnosis, the fog of nonsense, and the postmodernist defragmentation of consciousness, we shall see a very intriguing and terrifying picture of what is happening in the Middle East.

Quoted from:
Alexander Dugin (2018) - The Essence of Zionism.

 

See also:

Ali Ataie (Nov 03, 2023) - Radical Judaism and the Attack on Gaza. (video)

 Pastor Richard Wiles (Nov 03, 2023) - The Masonic Origin of Christian Zionism; the Satanic Cult of Zionism; the Zionist Fabrications of 'Anti-Semitism' and 'Islamophobia 'in the West; US killed 4 Millions Muslims since 2001; Netanyahu Founder of Breitbart News; etc. (video)

The BIS — The Apex Of The System | Carroll Quigley

The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

 

  The three principal bimonthly meetings are the Global Economy Meeting, 

the Economic Consultative Committee and the All Governors' Meeting.

[...] It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called ‘international’ or ‘merchant’ bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks.  

 

This dominance of investment bankers was based on their control over the flows of credit and investment funds in their own countries and throughout the world. They could dominate the financial and industrial systems of their own countries by their influence over the flow of current funds though bank loans, the discount rate, and the re-discounting of commercial debts; they could dominate governments by their own control over current government loans and the play of the international exchanges. Almost all of this power was exercised by the personal influence and prestige of men who had demonstrated their ability in the past to bring off successful financial coupes, to keep their word, to remain cool in a crisis, and to share their winning opportunities with their associates.

Quoted from:
Carroll Quigley (1966) - Tragedy and Hope: A History of the World in Our Time.

First Edition, Macmillan & Co Ltd, New York.