Ellen Brown: Libya - All About Oil, or All About Banking?

Why did the "Libyan Rebels" take time out from their rebellion in March to "create" their own central bank, before they even had a government? In his Economic Policy Journal, Robert Wenzel commented: "I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests that we have more than a rag tag bunch of rebels running around, and that there are some pretty sophisticated influences. On the other hand, Alex Newman wrote in the New American: "In a statement released last week, the rebels reported on the results of a meeting held on March 19. Among other things, the supposed rag-tag revolutionaries announced the designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with temporary headquarters in Benghazi. Newman quoted CNBC senior editor John Carney, who asked: "Is this the first time in the midst of fighting the entrenched political power? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era." Another anomaly involves the official justification for taking up arms against Libya. Supposedly, it's about human rights violations, but the evidence is contradictory!

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