The rebels in Libya are in the middle of a life or death civil war and
Moammar Gadhafi is still in power and yet somehow the Libyan rebels have
had enough time to establish a new Central Bank of Libya and form a new
national oil company. Perhaps when this conflict is over those rebels
can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels – they can fight a war during the day and
draw up a new central bank and a new national oil company at night
without any outside help whatsoever. If only the rest of us were so
versatile! But isn’t forming a central bank something that could be
done
afterthe civil war is over?
According to Bloomberg,
the Transitional National Council has “designated the Central Bank of
Benghazi as a monetary authority competent in monetary policies in Libya
and the appointment of a governor to the Central Bank of Libya, with a
temporary headquarters in Benghazi.” Apparently someone felt that it
was very important to get pesky matters such as control of the banks and
control of the money supply out of the way even before a new government
is formed.
2 Comments in Response to Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya
I think it is a lot more than oil is at stake and it is the oligarchs that want it.
They want to own the people of Libya just like they own the people of the US through indebtedness to the Federal Reserve.
#avg_ls_inline_popup { position: absolute; z-index: 9999; padding: 0px; margin-left: 0px; margin-top: 0px; overflow: hidden; word-wrap: break-word; color: black; font-size: 10px; text-align: left; line-height: 130%; }Banks can be set up with a phone and fax machine. Who do you think is supplying arms to the rebels ? Not that I like whats-his-name. He is almost as bad as what we have had in DC for 40 years. The CIA/IMF has been wanting Libyan oil for decades.