Video property of Joryan.org & uploaded by LibyaSOS
1. Libya is Africa's largest exporter of oil, 1.7 million tons a day, which quickly was reduced to 300-400,000 ton due to US-NATO bombing. Libya exports 80% of its oil: 80% of that to several EU lands (32% Italy, 14% Germany, 10% France); 10% China; 5% USA.
2. Gaddafi has been preparing to launch a gold dinar for oil trade with all of Africa's 200 million people and other countries interested. French President Nickola Sarkozi called this, "a threat for financial security of mankind". Much of France's wealth—more than any other colonial-imperialist power—comes from exploiting Africa.
3. Central Bank of Libya is 100% owned by state (since 1956) and is thus outside of multinational corporation control (BIS-Banking International Settlement rules for private interests). The state can finance its own projects and do so without interest rates
4. Gaddafi-Central Bank used $33 billion, without interest rates, to build the Great Man-Made River of 3,750 kilometers with three parallel pipelines running oil, gas and water supplying 70% of the people (4.5 of its 6 million) with clean drinking and irrigation water.
5. The Central Bank also financed Africa's first communication satellite with $300 million of the $377 cost. It started up for all Africa, December 26, 2007, thus saving the 45-African nations an annual fee of $500 million pocketed by Europe for use of its satellites and this means much less cost for telephones and other communication systems.
Guys, most of all, don`t take our words for it and be spoon fed, look it up and spread the truth!
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