“Free of the dollar” North African Supranational Islamic Development Bank
Article Overview
William Engdahl during an interview with Sean Stone on LipTV, alleged the war in Libya was fuelled by motivation to overthrow Muammar Gaddafi as he planned along with Tunisia and Egypt to create an North African Supranational Islamic Development Bank “free of the dollar”. Mr Engdahl failed to elaborate on what “free of the dollar” meant, and was talking in the context of Middle East energy politics.
It has previously been reported that Libya held conferences on setting up a new currency backed by gold in 1996 and 2000, called the World Mutaba Conference.
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About William Engdahl
William Engdahl is a political economist specializing for more than thirty years in geopolitical analysis of global events. He is author of the international best-selling book on oil and geopolitics, A Century of War: Anglo-American Oil Politics, published as well in German, French, English, Chinese, Russian, Czech, Korean, Turkish, Croatian, Slovenian and Arabic. In 2010 he published Gods of Money: Wall Street and the Death of the American Century and in 2013 a revised updated edition of his best-selling Seeds of Destruction: The Hidden Agenda of Genetic Manipulation completing a trilogy on the power of oil, food and money control. His book, Target China: How Washington and Wall Street Plan to Cage the Asian Dragon appeared in 2014, and The Lost Hegemon: Whom the gods would destroy is due for release in summer 2015.
