By Do Libyans Need Another Muammar Gaddafi?
Many centuries ago, Libya was among top poorest countries in the world. According the modern history, it was recalled that between the 1950s and 1960s, Libya was still very much ranked among the poorest countries in the whole wide world.
THE GADDAFI EFFECT:
Shortly after the Libyan Revolution, young Gaddafi took over power. Precisely In 1969 when Gaddafi became Libyan leader, he made Libya Africa’s richest country with over $150 billion in foreign reserves with zero debt/budget deficit. During Muammar Gaddafi’s reign as Libyan leader, Libya had the strongest and most valuable currency in Africa, and invariably one of the world’s strongest currencies. The Libyan Dinar was also one of the strongest currencies in the world.
1 Libyan Dinar = $0.82781 as of 2011 before the Western bloc allegedly orchestrated an anti-government protest in Libya, hijacked the protest with thousands of well trained & armed ISIS & Al-Qaeda terrorists whom they used as mercenaries to topple Gaddafi’s Socialist Jamahiriya govt. Gaddafi proposed the idea behind Libyan strong currency to AU, he wanted African countries to work 2gda to create an African currency backed by African gold in order to strengthen our economy & to alleviate some struggling African countries from economic deterioration & poverty Libya had over 140 Tonnes of Gold and similar amounts in silver which could have been used to initiate the proposed African currency all the gold have disappeared today and Libyan foreign reserves has diminished to an unprecedented level.
Whether the western world or the rest of the world accept this or not, Gaddafi’s socialist system of government proved the world’s economic gurus wrong.
What are your thoughts on this?
