LIBYA THEN AND NOW – THE BALKANIZATION OF LIBYA Part 2

Libyan Desert

WAS LIBYA GETTING A TOO POWERFUL PLAYER IN AFRICA FOR LIKING'S OF WESTERN POWERS?

IT’S ALL ABOUT WATER, OIL AND 
THE INTERNATIONAL FINANCIAL INSTITUTIONS

Read also:

Part 1 - LIBYA THEN AND NOW – THE BALKANIZATION OF LIBYA -

WAS LIBYA GETTING A TOO POWERFUL PLAYER IN AFRICA FOR WESTERN ENTITIES?

At: http://geopoliticsrst.blogspot.com.ar/2015/01/libya-then-and-now-balkanization-of.html

and the 

Final Part - LIBYA THEN AND NOW – THE BALKANIZATION OF LIBYA -

THE WAR ON LIBYA AND THE WEST'S AFRICAN GEOPOLITICS

At:http://geopoliticsrst.blogspot.com.ar/2015/01/libya-then-and-now-balkanization-of_27.html

EXECUTIVE SUMMARY:

• LIBYA possessed more than us$150 billion in overseas financial assets and had one of the largest sovereign investment funds in the world at the start of 2011
• In 2008 GOLDMAN SACHS was given us$1.3 billion dollars by the LIBYAN investment authority.
• Then, in an blink of an eye, GOLDMAN SACHS had effectively appropriated us$1.3 billion dollars from TRIPOLI
• GOLDMAN SACHS was not alone in filching LIBYAN investment funds: SOCIÉTÉ GÉNÉRALE S.A., CARLYLE GROUP, J.P. MORGAN CHASE, OCH-ZIFF CAPITAL MANAGEMENT GROUP, and LEHMAN BROTHERS holdings were also all in possession of vast LIBYAN investments and funds.
• NATO’s war on LIBYA and the freeze of LIBYAN financial assets profited all the INTERNATIONAL FINANCIAL INSTITUTIONS.
• While LIBYAN energy reserves and geopolitics played major roles in launching the 2011 war, it was also waged in part to appropriate TRIPOLI’S vast financial holdings and to supplement and maintain the crumbling financial hegemony of Wall Street and other financial centers.
• WALL STREET COULD NOT ALLOW TRIPOLI TO BE DEBT-FREE, to continue accumulating international financial possessions, and to be a creditor nation giving international loans and investing funds in other countries, particularly in AFRICA.
• The NUBIAN SANDSTONE AQUIFER SYSTEM
• LIBYAN government had spent about us$19.6 billion dollars on the water project
• Huge water multinationals in the US, FRANCE were salivating at the idea of privatizing LIBYAN fresh water and controlling the NUBIAN SANDSTONE AQUIFER SYSTEM.
• NUBIAN SANDSTONE AQUIFER SYSTEM is the world’s largest fossil aquifer system and will be “the biggest and in some cases the only future source of water to meet growing demands and development” among CHAD, EGYPT, LIBYA, and SUDAN
• Was LIBYA getting a too powerful player in AFRICA for liking's of western powers?

LIBYA POSSESSED MORE THAN US$150 BILLION IN OVERSEAS FINANCIAL ASSETS AND HAD ONE OF THE LARGEST SOVEREIGN INVESTMENT FUNDS IN THE WORLD AT THE START OF 2011

In 2008, LIBYA had protests that were reportedly caused by unemployment. Most protests in LIBYA from 2003 to 2011, however, did not have any real economic dimension dominated by breadbasket issues. This set the JAMAHIRIYA apart from ARAB countries like TUNISIA, EGYPT, and JORDAN where breadbasket issues were important factors behind the protests that erupted during the same period in 2011.

This, of course, does not mean the protest movements in the latter ARAB countries were strictly the result of breadbasket issues and economics either. Demands for personal freedoms and backlashes against corruption were major motivating factors behind the fueling of public anger in all these ARAB states. In LIBYA, if anything, the frustration tied to the rampant corruption rooted among-st JAMAHIRIYA authorities and officials had created shifting tides of resentment towards the government.

NUBIAN SANDSTONE AQUIFER SYSTEM

As briefly mentioned, LIBYA also has vast amounts of underground water stored in the ancient Nubian Sandstone Aquifer System, which is situated under the territories of CHAD, EGYPT, LIBYA, and SUDAN. LIBYA and EGYPT hold the largest shares of this water source. 

In a joint initiative, called the NUBIAN AQUIFER PROJECT, the INTERNATIONAL ATOMIC ENERGY AGENCY (IAEA), the NITED NATIONS DEVELOPMENT PROGRAM  (UNDP), and the financial organization GLOBAL ENVIRONMENT FACILITY (GEF), have all worked with the governments of these four AFRICAN countries to study this vast source of underground water beneath the SAHARA Desert. Using isotopes, the IAEA three-dimensional mapped the NUBIAN SANDSTONE AQUIFER SYSTEM.

Background Information:

INVESTING IN WATER: THE MOST PROFITABLE INVESTMENT OF THE 21ST CENTURY 
Water demand is outstripping supply

http://geopoliticsrst.blogspot.com/2012/01/brace-yourself.html

THE GREAT WATER GRAB

http://geopoliticsrst.blogspot.com/2012/01/food-for-thought.html

NUBIAN SANDSTONE AQUIFER SYSTEM

http://en.wikipedia.org/wiki/Nubian_Sandstone_Aquifer_System

ANKARA SUSPENDS PUMPING EUPHRATES’ WATER, CUTTING OFF THE WATER SUPPLY TO SYRIA AND IRAQ

http://geopoliticsrst.blogspot.com.ar/2014/05/turkey-and-syria-water-wars.html

  

LIBYAN GOVERNMENT HAD SPENT ABOUT US$19.6 BILLION DOLLARS ON THE WATER PROJECT

In the JAMAHIRIYA, the Great Man-Made River Project was initiated under the orders of Colonel QADHAFI followed by the establishment of the Great Man-Made River Authority in 1983 to exploit the NUBIAN SANDSTONE AQUIFER System for the benefit of LIBYA and the other regional countries in the SAHARA and the SAHEL regions. The project was domestically funded mostly by taxes on fuel, tobacco, and international travel, with the remainder of funding provided directly by the LIBYAN state. Up until 2008 the LIBYAN government had spent about US$19.6 billion dollars on the water project.

HUGE WATER MULTINATIONALS IN THE US, FRANCE WERE SALIVATING AT THE IDEA OF PRIVATIZING LIBYAN FRESH WATER AND CONTROLLING THE NUBIAN SANDSTONE AQUIFER SYSTEM.

According to the Isotope Hydrology Section of the IAEA, the NUBIAN SANDSTONE AQUIFER SYSTEM is the world’s largest fossil aquifer system and will be “the biggest and in some cases the only future source of water to meet growing demands and development” among CHAD, EGYPT, LIBYA, and SUDAN. As fresh water supplies become limited globally, it was forecast LIBYA’S water supplies will be of greater value domestically and regionally. Huge water multinationals in the US, FRANCE and elsewhere were salivating at the idea of privatizing LIBYAN fresh water and controlling the NUBIAN SANDSTONE AQUIFER SYSTEM.

WAS LIBYA GETTING A TOO POWERFUL PLAYER IN AFRICA FOR LIKING OF WESTERN POWERS?  

THE LIBYAN INVESTMENT AUTHORITY (LIA) HAD SHARES AND INVESTED IN MAJOR INTERNATIONAL CORPORATIONS SUCH AS

oil giant BRITISH PETROLEUM (BP),

the world’s largest aluminum producer UNITED COMPANY RUSAL in RUSSIA,

the US conglomerate GENERAL ELECTRIC (GE),

the ITALIAN bank and financial giant UNICREDIT,

the ITALIAN oil corporation ENTE NAZIONALE IDROCARBURI (ENI),

the GERMAN engineering and electronic conglomerate SIEMENS,

the GERMAN electricity and gas company RHEINISCH-WESTFÄLISCHES ELEKTRIZITÄTSWERK (RWE),

BRITISH publishing giant PEARSON,

and BRITISH telecommunications giant VODAFONE (UK).

LIBYA had purchased EXXON MOBIL’S subsidiary in the KINGDOM OF MOROCCO, MOBIL OIL MAROC, and bought half of KENYA’S oil refinery.

LIA bought all of ROYAL DUTCH SHELL’S service stations in DJIBOUTI, ETHIOPIA, and SUDAN in 2008.

TRIPOLI announced in the same year that it was buying a major share of CIRCLE OIL, an international hydrocarbon exploration company with operations in EGYPT, MOROCCO and TUNISIA. A LIBYAN agreement was also made with the DEMOCRATIC REPUBLIC OF CONGO (DRC) to build a pipeline in the western part of its territory. Large investments were made by LIBYA in agricultural, industrial and service projects in AFRICA from EGYPT and NIGER to MALI and TUNISIA.

IN 2008 GOLDMAN SACHS WAS GIVEN US$1.3 BILLION DOLLARS BY THE LIBYAN INVESTMENT AUTHORITY.

In unfathomable terms, GOLDMAN SACHS told the LIBYANS that 98% of their investment was lost overnight, which means the LIBYANS lost almost all the money they gave GOLDMAN SACHS.

Background Information:

GREECE: FINGERPRINTS OF GOLDMAN SACHS ARE ONCE AGAIN TO BE FOUND, AS IN SO MANY CRISES BEFOREHAND

http://geopoliticsrst.blogspot.com.ar/2012/03/goldman-sachs.html

GOLDMAN SACHS

http://geopoliticsrst.blogspot.com.ar/2011/10/banking-institutions-are-more-dangerous.html

GOLDMAN SACHS AND EUROPE’S INSIDE JOB

http://geopoliticsrst.blogspot.com.ar/2011/11/goldman-sachs-and-europes-inside-job.html

TWO CULTURES OF INFALLIBILITY

http://geopoliticsrst.blogspot.com.ar/2012/03/goldman-sachs-and-vatican.html

GOLDMAN SACHS HAD EFFECTIVELY APPROPRIATED US$1.3 BILLION DOLLARS FROM TRIPOLI

To TRIPOLI and other observers it was clear GOLDMAN SACHS had merely appropriated the LIBYAN investment as a cash injection, because it needed the funds due to the global financial crisis. Afterwards, JAMAHIRIYA officials and GOLDMAN SACHS executives tried negotiating a settlement under which GOLDMAN SACHS would give TRIPOLI huge shares in the Wall Street financial giant. These negotiations between LIBYA and GOLDMAN SACHS for a settlement finally ended in 2009 with both sides failing to agree on a formula to replace the LIBYAN money that GOLDMAN SACHS had effectively appropriated from Tripoli.

GOLDMAN SACHS WAS NOT ALONE IN FILCHING LIBYAN INVESTMENT FUNDS: SOCIÉTÉ GÉNÉRALE S.A., CARLYLE GROUP, J.P. MORGAN CHASE, OCH-ZIFF CAPITAL MANAGEMENT GROUP, AND LEHMAN BROTHERS HOLDINGS WERE ALSO ALL IN POSSESSION OF VAST LIBYAN INVESTMENTS AND FUNDS.

In one way or another, NATO’s war on LIBYA and the freeze of LIBYAN financial assets profited them all.

They and their governments were also not happy with QADHAFI’S ideas and proposal to the UNITED NATIONS that the former colonial powers owed Africa almost US$800 trillion dollars.

THE FACT THAT LIBYA HAPPENED TO BE A RICH COUNTRY WAS ONE OF ITS CRIMES IN 2011.

Oil, finance, economics, and LIBYAN natural resources were always tempting prizes for the UNITED STATES and its allies. These things were the spoils of war in LIBYA. While LIBYAN energy reserves and geopolitics played major roles in launching the 2011 war, it was also waged in part to appropriate TRIPOLI’S vast financial holdings and to supplement and maintain the crumbling financial hegemony of Wall Street and other financial centers.

WALL STREET COULD NOT ALLOW TRIPOLI TO BE DEBT-FREE, to continue accumulating international financial possessions, and to be a creditor nation giving international loans and investing funds in other countries, particularly in AFRICA. Thus, major banks in the UNITED STATES and the EUROPEAN UNION, like the giant multinational oil conglomerates, had major roles and interests in the NATO war on TRIPOLI.