Gaddafi was close to bringing the Gold standard in in Africa (the Gold Dinar). Sarkozy called this the greatest threat to the financial stability of mankind in history. This is why Gaddafi was overthrown by Western governments.
Loads of sheep out there think there was a genuine uprising in Libya by Libyan rebels.

Couldn’t agree more

Gold may only be a shiny metal, but it’s monetary strength lies in it’s limited availability. Economist Antal Fekete points to gold as the only true extinguisher of debt. In a world overloaded with debt, this makes gold more than just a shiny metal.

“A gold standard will not cure every social ill in the world, nor will it stop all senseless wars. Nothing will. However, by now it should be clear to everyone that the current fiat system is good only for bankers, brokers, politicians, war mongers, and the already wealthy. Everyone else loses as inflation eventually eats away at what’s left of the rapidly shrinking “middle class”.
All fiat currencies including the US dollar are doomed. The only debate is the path it takes to get there.”
Mike Shedlock

“Central banks can wrap this magic act in all sorts of camouflage language — saving the euro, creating employment, price stability etc — but the simple fact remains that money printed out of thin air can not, has not, and will not ever lead to prosperity. Ask the Japanese.
Central banks plan to try to create inflation to hide the debts of Europe’s bust banks and inflate away the unpayable debts that politicians have piled up on behalf of their sovereign states. Politicians, including ones in this country, have bought their seats by borrowing from the future.
Introducing inflation in order to debase wages and lower standards of living after years of incompetent economic policies by the global political class is a bankrupt policy. This new policy is an extension of what has gone before — socialism for bankers and the power elites, but the harshest capitalism for the citizen. It is already causing chaos with higher energy and food prices — and will eventually cause social unrest.”
Paul Sommerville. 23/09/12