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Old 10-23-2011, 01:52 AM   #1
Premeditated
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Default Deny all you want but Gaddafi did alot for black Africa

unlike the rebels in his country who are lynching every black African they see left and right.

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AFRICAN MONETARY FUND, AFRICAN CENTRAL BANK, AFRICAN INVESTMENT BANK

The US$30 billion frozen by Mr Obama belong to the Libyan Central Bank and had been earmarked as the Libyan contribution to three key projects which would add the finishing touches to the African federation – the African Investment Bank in Syrte, Libya, the establishment in 2011 of the African Monetary Fund to be based in Yaounde with a US$42 billion capital fund and the Abuja-based African Central Bank in Nigeria which when it starts printing African money will ring the death knell for the CFA franc through which Paris has been able to maintain its hold on some African countries for the last fifty years. It is easy to understand the French wrath against Gaddafi.

The African Monetary Fund is expected to totally supplant the African activities of the International Monetary Fund which, with only US$25 billion, was able to bring an entire continent to its knees and make it swallow questionable privatisation like forcing African countries to move from public to private monopolies. No surprise then that on 16-17December 2010, the Africans unanimously rejected attempts by Western countries to join the African Monetary Fund, saying it was open only to African nations.

It is increasingly obvious that after Libya, the western coalition will go after Algeria, because apart from its huge energy resources, the country has cash reserves of around a 150 billion. This is what lures the countries that are bombing Libya and they all have one thing in common – they are practically bankrupt. The USA alone, has a staggering debt of $US14,000 billion, France, Great Britain and Italy each have a US$2,000 billion public deficit compared to less than US$400 billion in public debt for 46 African countries combined.

Inciting spurious wars in Africa in the hope that this will revitalise their economies which are sinking ever more into the doldrums will ultimately hasten the western decline which actually began in 1884 during the notorious Berlin Conference. As the American economist Adam Smith predicted in 1865 when he publicly backed Abraham Lincoln for the abolition of slavery, ‘the economy of any country which relies on the slavery of blacks is destined to descend into hell the day those countries awaken’.

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It was Gaddafi’s Libya that offered all of Africa its first revolution in modern times – connecting the entire continent by telephone, television, radio broadcasting and several other technological applications such as telemedicine and distance teaching. And thanks to the WMAX radio bridge, a low cost connection was made available across the continent, including in rural areas.

It began in 1992, when 45 African nations established RASCOM (Regional African Satellite Communication Organization) so that Africa would have its own satellite and slash communication costs in the continent. This was a time when phone calls to and from Africa were the most expensive in the world because of the annual US$500 million fee pocketed by Europe for the use of its satellites like Intelsat for phone conversations, including those within the same country.

An African satellite only cost a onetime payment of US$400 million and the continent no longer had to pay a US$500 million annual lease. Which banker wouldn’t finance such a project? But the problem remained – how can slaves, seeking to free themselves from their master’s exploitation ask the master’s help to achieve that freedom? Not surprisingly, the World Bank, the International Monetary Fund, the USA, Europe only made vague promises for 14 years. Gaddafi put an end to these futile pleas to the western ‘benefactors’ with their exorbitant interest rates. The Libyan guide put US$300 million on the table; the African Development Bank added US$50 million more and the West African Development Bank a further US$27 million – and that’s how Africa got its first communications satellite on 26 December 2007.

Now this one isn't a positive, but he mentored Charles Taylor on becoming a leader and showing him ways to start a revolution, in which Charles eventually lead the Liberian Revolution.
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