Reasons for Attacking Libya in 2011, Gold versus Paper Currency, Clinton Emails

Reasons for Attacking Libya in 2011, Gold versus Paper Currency, Clinton Emails. An email on Hillary Clinton’s private email server from her close confidante and aide Sidney Blumenthal reveals Libya’s plan to use its gold to compete with the French franc in north Africa. The email says:

Qaddafi’s government holds 143 tons of gold [US$7 billion], and a similar amount in silver . . . . This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar. This plan was designed to provide the Francophone African Countries with an alternative to the French franc (CFA). …

French intelligence officers discovered this plan shortly after the current rebellion began, and this was one of the factors that influenced President Nicolas Sarkozy’s decision to commit France to the attack on Libya.

The email then lists five reasons for France’s decision to attack Libya, which were all about power, money, and oil. They do not mention humanitarian concerns.

This would also help explain why, within weeks of initiating fighting, the rebels set up their own central bank. It appears this war was partly motivated by competition between gold and a paper currency — which is one of the most taboo topics in the mainstream media, though it was a staple of public discussion for decades less than a century ago.