According to the below Russia Today segment, Gadhafi was trying to mobilize the oil-exporting nations to accept only gold dinars as payment – not printed money.
Lately I have been trying to make sense of the U.S.-led coalition with Britain, Italy, and France bombing of Libya. Many in the West believe this bombing is for humanitarian purposes, but I disagree. The right way to deal with problems on the ground is to authorize U.N. troops to get into Libya and ensure no civilians are targeted by either Gadhafi or the rebel faction soldiers. NATO (fine, short of Germany) is not a humanitarian organization nor a peace organization. It is a military alliance.
The question is then why did Germany abstain from the ‘no-fly zone’ vote? It is interesting to note that China, Russia, India, and Brazil (the BRIC countries) all abstained from the vote. The remaining 10 of the 15 Security Council members, Bosnia, Colombia, France, Gabon, Lebanon, Nigeria, Portugal, South Africa, Britain and the U.S. voted in favor.
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