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  1. 11 Jan '16 17:18 / 12 edits
    http://www.zerohedge.com/news/2016-01-09/clinton-email-hints-oil-gold-were-behind-regime-change-Libya

    On New Year’s Eve, 3,000 emails from Hillary Clinton’s private email server were released.

    One of them confirms – an email dated April 2, 2011 to Clinton from her close confidante Sidney Blumenthal – that:



    Qaddafi’s government holds 143 tons of gold, 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).



    (Source Comment [This is in the original declassified email, and is not a comment added by us]: According to knowledgeable individuals this quantity of gold and silver is valued at more than $7 billion. 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. According to these individuals Sarkozy’s plans are driven by the following issues:


    1.A desire to gain a greater share of Libya oil production,
    2.Increase French influence in North Africa,
    3.Improve his internal political situation in France,
    4.Provide the French military with an opportunity to reassert its position in the world,
    5.Address the concern of his advisors over Qaddafi’s long term plans to supplant France as the dominant power in Francophone Africa)

    This may confirm what some of us have been saying for years.

    The REAL Reason Sunni Governments Like Saudi Arabia Are At War Against the Shias

    While the Sunnis and Shias have been competing for more than a thousand years, they have largely co-existed peacefully until recently.

    Why are they involved in an open war across multiple countries now?

    Much of modern geopolitics is driven by hydrocarbons … i.e. oil and gas.

    Is this true of the Sunnis-Shia war?

    Yes, the U.S. and its allies are backing the Sunnis against the Shias … in order to wage war for oil.

    And it turns out that the lion’s share of oil in the Middle East happens to be located in Shia countries … and in the Shia-minority sections of Sunni-majority countries.

    Specifically, as Jon Schwartz reports this week at the Intercept:

    Much of the conflict can be explained by a fascinating map created by M.R. Izady, a cartographer and adjunct master professor at the U.S. Air Force Special Operations School/Joint Special Operations University in Florida.



    What the map shows is that, due to a peculiar correlation of religious history and anaerobic decomposition of plankton, almost all the Persian Gulf’s fossil fuels are located underneath Shiites. This is true even in Sunni Saudi Arabia, where the major oil fields are in the Eastern Province, which has a majority Shiite population.



    As a result, one of the Saudi royal family’s deepest fears is that one day Saudi Shiites will secede, with their oil, and ally with Shiite Iran.



    This fear has only grown since the 2003 U.S. invasion of Iraq overturned Saddam Hussein’s minority Sunni regime, and empowered the pro-Iranian Shiite majority. Nimr himself said in 2009 that Saudi Shiites would call for secession if the Saudi government didn’t improve its treatment of them.

    As Izady’s map so strikingly demonstrates, essentially all of the Saudi oil wealth is located in a small sliver of its territory whose occupants are predominantly Shiite. (Nimr, for instance, lived in Awamiyya, in the heart of the Saudi oil region just northwest of Bahrain.) If this section of eastern Saudi Arabia were to break away, the Saudi royals would just be some broke 80-year-olds with nothing left but a lot of beard dye and Viagra prescriptions.



    Nimr’s execution can be partly explained by the Saudis’ desperation to stamp out any sign of independent thinking among the country’s Shiites.



    The same tension explains why Saudi Arabia helped Bahrain, an oil-rich, majority-Shiite country ruled by a Sunni monarchy, crush its version of the Arab Spring in 2011.



    Similar calculations were behind George H.W. Bush’s decision to stand by while Saddam Hussein used chemical weapons in 1991 to put down an insurrection by Iraqi Shiites at the end of the Gulf War. As New York Times columnist Thomas Friedman explained at the time, Saddam had “held Iraq together, much to the satisfaction of the American allies Turkey and Saudi Arabia.”

    So the Sunni Gulf monarchies in Saudi Arabia, Bahrain, Oman, the United Arab Emirates, Qatar and Kuwait are single-mindedly going after Iran and the Shia world – because the Shias are sitting on the oil and gas resources – and doing everything they can to start a Sunni-Shia war across the entire MENA area (Middle East and North Africa) in order to “justify” a resource grab.
  2. 11 Jan '16 17:27
    The French franc? Really?
  3. 11 Jan '16 17:59
    Originally posted by KazetNagorra
    The French franc? Really?
    Where do you reckon all the gold went...................Hillary?
  4. 11 Jan '16 17:59 / 2 edits
    Originally posted by KazetNagorra
    The French franc? Really?
  5. 11 Jan '16 20:00
    Originally posted by whodey
    Where do you reckon all the gold went...................Hillary?
    I don't know, whodey (nor do I know if there was a significant amount of gold to begin with), but I am fairly certain it had nothing to do with a currency that was abolished in 2002.
  6. Standard member RJHinds
    The Near Genius
    12 Jan '16 03:27
    Originally posted by whodey
    http://www.zerohedge.com/news/2016-01-09/clinton-email-hints-oil-gold-were-behind-regime-change-Libya

    On New Year’s Eve, 3,000 emails from Hillary Clinton’s private email server were released.

    One of them confirms – an email dated April 2, 2011 to Clinton from her close confidante Sidney Blumenthal – that:



    Qaddafi’s government holds 143 tons of g ...[text shortened]... cross the entire MENA area (Middle East and North Africa) in order to “justify” a resource grab.
    I heard something like this, but i thought it had something to do with getting away from the dollars as a world currency.
  7. Subscriber no1marauder
    It's Nice to Be Nice
    12 Jan '16 06:03
    Originally posted by KazetNagorra
    I don't know, whodey (nor do I know if there was a significant amount of gold to begin with), but I am fairly certain it had nothing to do with a currency that was abolished in 2002.
    Actually there is a currency called the CFA Franc used in 14 small African countries. See the Wiki article "CFA Franc" for details.
  8. Subscriber Wajoma
    Die Cheeseburger
    12 Jan '16 06:29
    Originally posted by no1marauder
    Actually there is a currency called the CFA Franc used in 14 small African countries. See the Wiki article "CFA Franc" for details.
    Also New Caledonia, which uses the CFP, New Caledonia is a "French Overseas Collective".

    Sometimes called "French Pacific Francs". It's tied directly to the Euro.
  9. 12 Jan '16 07:12 / 1 edit
    Originally posted by no1marauder
    Actually there is a currency called the CFA Franc used in 14 small African countries. See the Wiki article "CFA Franc" for details.
    Not the "French" franc. Other than the name "franc" and being pegged to the euro it has nothing to do with the French.

    Edit: apparently, that's wrong - the French treasury guarantees the currency. In practice, however, that has nothing more than symbolic value.
  10. Subscriber no1marauder
    It's Nice to Be Nice
    12 Jan '16 21:42
    Originally posted by KazetNagorra
    I don't know, whodey (nor do I know if there was a significant amount of gold to begin with), but I am fairly certain it had nothing to do with a currency that was abolished in 2002.
    Libya had about 144 tons of gold worth approximately $6 billion in 2011.http://www.bbc.com/news/business-12824137

    It holds about 116 tons now about the same as it did at the end of 2011.http://www.tradingeconomics.com/libya/gold-reserves