serendipity
Verified User
That was the goal.
Not even close. Yet the Communists claim that "ORANGE MAN BAD" while still serving Obama as their King.
There was another side. Gadhafi was also staunchly opposed to Al Qaeda - which Obama (and Clinton) heavily supported. He had aided Dubya in hunting them down.
The so-called "Arab Spring" was basically Obama's push to make Al Qaeda into a major power in the region again,
While Muammar Gaddafi championed African economic independence and talked about pan-African currency, the idea of him specifically putting Libya on a
gold standard is more of a persistent rumor, often tied to his ambitious "Gold Dinar" concept for Africa, rather than a concrete, implemented plan for Libya itself; he focused more on state control of oil, socialism, and resisting Western financial systems, not a return to classical gold backing.
Here's a breakdown of Gaddafi's economic ideas:
African Gold Dinar: Gaddafi heavily promoted a unified African currency, backed by gold, to free African nations from Western financial institutions like the IMF and World Bank, but this remained a vision, not a reality for Libya.
State Control & Socialism: His "Jamahiriya" system emphasized socialism, state control over resources (especially oil), and direct citizen participation, contrasting with capitalist gold standards.
Anti-Western Finance: Gaddafi actively sought to reduce reliance on Western banks and currencies, seeing them as tools of control, which aligns with gold standard ideals, but not necessarily the direct adoption of it for Libya.
So, while he had gold-backed currency ambitions for Africa, it wasn't a done deal for Libya; his actions focused more on nationalizing oil and socialist economic restructuring.
