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View Full Version : Why does NATO want Libya's gold?




UWDude
08-24-2011, 01:30 AM
Almost exclusively NATO countries are in deep debt, and having economic crises.

We all know paper isn't money, and we know Bernanke knows, like flies know they love shit, that gold is money. He knows it, and so does all his wall street/government cronies. And we know the little gnomes of Switzerland know this too. Being the wars' banker has been a profitable game for Switzerland for a century or more.

But it cant be coincidence suddenly NATO turned, and attacked Ghadaffi, holder of massive stores of gold. Perhaps NATO is being like the opportunistic looters in London and Tripoli: exploiting a political situation to get some wealth.

But what if the gold is not there? Then NATO has an angry country to keep from spinning out of control, but no more finance to prop up their euros, pounds and dollars. It could be check mate. War immigration causes internal strife. Nobody really likes the Palestinians. They are poor and landless, and homeless. They are one of the many always unforeseen consequences. There are hundreds of thousand of people's live in peril in Iraq who worked for the United States. But they can't come here, even if they worked for us as translators. Only a couple dozen have been allowed in. Immigrants spread poverty, especially war immigrants. The last thing the NATO nations need is more of that.

Wages will plummet world wide, as immigrants flee a civil war torn Libya. It could go on like Iraq, or Lebanon in the eighties. That would be such a tragic blow. To see a country torn by decades of civil war because we "wanted to save civilians".

And, would the government tell us if they had seized large stores of the gold? Where would it go? Maybe openly sold to oil companies so they can build their equipment on Libyan land?

purplechoe
08-24-2011, 01:53 AM
The main reason is oil, even the British have admitted that, I'm not sure what will happen to the gold...

UWDude
08-24-2011, 02:08 AM
If NATO gets the cache of gold, do you think it will drive prices down sharply, be used to drive them down gently, or that gold will continue to chug upward, Libyan gold or not? Would a gold supply downdraft create pressure on silver too?

purplechoe
08-24-2011, 02:19 AM
I doubt it will have much effect on the price of gold or silver, especially silver...

Revolution9
08-24-2011, 03:13 AM
It is being sought because Chavez wants 211 MT of his countries gold in his vaults. If they do not deliver the other countries storing will do a call in and the whole system will not just collapse but implode violently. The US stopped minting Gold Eagles on the 22nd. No physical gold left?(above ground)

Rev9

oyarde
08-24-2011, 09:45 AM
They need it to cover all those 200,000 dollar UN salaries ?

Acala
08-24-2011, 11:04 AM
Tradition?

KingRobbStark
08-24-2011, 11:14 AM
The same reason we want gold.

Anyway I read an article of china urging the Libyans to protect "their investments".

Peace&Freedom
08-24-2011, 11:25 AM
NATO wants Libya's gold as the first step towards making its population transition from non-aligned to dependent and co-opted by the West.