“That man has invested in Africa more than any other leader in the recent history of Africa’s coming into political independence,” he continued. The Muslim leader said America needs access to the mineral resources in Africa to be a viable power in the 21st century.
“How’s America’s wealth today? How is she doing financially? What is the deficit? Some say it’s about $56 trillion counting Social Security and Medicare. That’s a big number. She’s printing money, but there’s nothing backing it,” said Min. Farrakhan.
“One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations.”
“The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed,” he explained. Mr. Muhammad said further that “the Fall of America is now visible and understandable.
“Long has Allah (God) been gradually removing the power of the great and mighty America while few have noticed it. This has been done by degrees, and they do not perceive it.”
“Gadhafi’s creation of the African Investment Bank in Sirte (Libya) and the African Monetary Fund to be based in Cameroon will supplant the IMF and undermine Western economic hegemony in Africa,” said Gerald Pereira, an executive board member of the former Tripoli-based World Mathaba.
“It is easy to understand the French wrath against Gaddafi,” said Prof. Jean-Paul Pougala of the Geneva School of Diplomacy.
“The idea, according to Gaddafi, was that African and Muslim nations would join together to create this new currency and would use it to purchase oil and other resources in exclusion of the dollar and other currencies.”
“Why all of a sudden, this rush to destroy Gadhafi?” asked Min. Farrakhan during his March 31 press conference on America’s Middle East and Libya policy. “I know why you are angry with him; because he never agreed with your policies when it came to sucking the resources of Third World peoples, and putting in place dictators that would be amenable to America’s policies.”
But the plan for an independent African currency backed by gold appears to be the real reason behind the frenzied attack on Col. Gadhafi.
“The US, the other G-8 countries, the World Bank, IMF, BIS (Bank for International Settlements), and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets,” wrote John Perkins, author of “Confessions of an Economic Hit Man,” on Johnperkins.com. It is redolent of Saddam Hussein advocating similar policies shortly before the U.S. invaded Iraq, he said.
“Gadhafi knew how to play the West at their own game. He dared to wield real economic power in the name of Africa and anyone who dares to do so will feel the full wrath of Empire.”
“It will not be the rebels and the transitional council who will take power in Libya ~ it will be the imperialist powers who take over and the implications for Libya will be a complete re-colonization,” said Mr. Pereira.
“I don’t have any resources. Not a single dinar came in to the treasury,” lamented NTC oil and finance head Ali Tarhouni during a May 29 press conference. “We only exported one shipment (of oil) and got $150 million for that. So far we’ve spent $408 million on fuel. It’s not a good number.”
“Make no mistake, if NATO succeeds in Libya it will be a massive setback for the entire continent,” said Mr. Pereira.