Did you know? The reason behind the assassination of Muammar Mohammed Abu Minyar Gaddafi.
Africa’s first communications satellite.
In 1992, when 45 African nations established RASCOM (Regional African Satellite Communication Organization) so that Africa would have its own satellite and slash communication costs in the continent. The phone calls to and from Africa were the most expensive in the world because of the annual US$500 million fees pocketed by Europe for the use of its satellites like Intelsat for phone conversations, including those within the same country.
An African satellite only cost a one-time payment of US$400 million and the continent no longer had to pay a US$500 million annual lease. Not surprisingly, the World Bank, the International Monetary Fund, the USA, Europe only made vague promises for 14 years. Gaddafi put an end, he contributed US$300 million; the African Development Bank added US$50 million more and the West African Development Bank a further US$27 million. This was how Africa got its first communications satellite on 26 December 2007.
Establishment of African Union.
In September 2009, under the leadership of Muammar Mohammed Abu Minyar Gaddafi as President of the Organization of African Unity, the Heads of State and Government of the Organization of African Unity issued a Declaration (the Sirte Declaration) calling for the establishment of an African Union, with a view, inter alia, to accelerating the process of integration in the continent to enable it to play its rightful role in the global economy while addressing multifaceted social, economic and political problems compounded as they are by certain negative aspects of globalization.
Africa single currency gold dinar project.
In 2009, Colonel Gaddafi, then President of the African Union, suggested to the States of the African continent to switch to a new currency call gold dinar, independent of the American dollar.
The objective of this new currency was to stop using the dollar for oil transactions. “Along with the Arab OPEC sovereign wealth funds for their oil, other African oil nations, specifically Angola and Nigeria, were moving to create their own national oil wealth funds at the time of the 2011 NATO bombing of Libya,” Engdahl writes, adding that those sovereign national funds were supposed to make Africa independent from colonial monetary control.
“Using the pretext of citing an unidentified ‘high source’ Blumenthal writes to Clinton, ‘According to sensitive information available to this source, Gaddafi’s government holds 143 tons of gold and a similar amount in silver… This gold was accumulated prior to the current rebellion and was intended to be used to establish a pan-African currency based on the Libyan golden Dinar,” the researcher exposes.
African Monetary Fund, the African Central Bank, African Investment Bank.
Former president Obama frozen US$30 billion belong to the Libyan Central Bank which had been earmarked as the Libyan contribution to three key projects which would add the finishing touches to the African federation; the African Investment Bank in Sirte, Libya, the establishment in 2011 of the African Monetary Fund to be based in Yaounde with a US$42 billion capital fund and the Abuja-based African Central Bank in Nigeria which when it starts printing African money will ring the death knell for the CFA franc through which Paris has been able to maintain its hold on some African countries for the last fifty years. It is easy to understand the French wrath against Gaddafi.
The African Monetary Fund is expected to totally supplant the African activities of the International Monetary Fund which, with only US$25 billion, was able to bring an entire continent to its knees and make it swallow questionable privatization like forcing African countries to move from public to private monopolies. On 16-17 December 2010, the Africans unanimously rejected attempts by Western countries to join the African Monetary Fund, saying it was open only to African nations