Gaddafi ‘agreed to fund Sarkozy’ with €50m cheque

AFP | APRIL 28, 2012

French investigative website Mediapart reported Saturday that deposed Libyan leader Muammar Gaddafi agreed to fund President Nicolas Sarkozy’s 2007 election campaign with a 50 million euro cheque.

Moamer Kadhafi’s regime agreed to fund French President Nicolas Sarkozy’s 2007 election campaign to the tune of 50 million euros, a news website reported Saturday, publishing what it said was documentary evidence.

The 2006 document in Arabic, which website Mediapart said was signed by Kadhafi’s intelligence chief Mussa Kussa, referred to an “agreement in principle to support the campaign for the candidate for the presidential elections, Nicolas Sarkozy, for a sum equivalent to 50 million euros.”

The left-wing investigative website made similar assertions on March 12, based on testimony by a former doctor of a French arms dealer alleged to have arranged the campaign donation, which Sarkozy slammed as “grotesque.”

“If he had financed it, I wasn’t very grateful,” Sarkozy said sarcastically, in an apparent reference to the active role that France played in the NATO campaign that led to the strongman’s ouster.

The latest report comes as Sarkozy trails Socialist rival Francois Hollande in opinion polls ahead of the run-off second round of presidential elections on May 6.

Merkel and Sarkozy in Talks to End Eurozone

Fears that Italy’s fall may drag the whole region down, prompted the ‘strongest’ economies to think about doing away with the current shape of the Eurozone.

Guardian.co.uk
November 10, 2011

Fears that Europe’s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets.

Reports emerging from Brussels said that Germany and France had begun preliminary talks on a break-up of the eurozone, amid fears that Italy would be too big to rescue.

Despite Silvio Berlusconi‘s announcement that he would step down as prime minister once austerity measures were pushed through parliament, a collapse of investor confidence in the eurozone’s third-biggest economy sent interest rates in Italy to the levels that triggered bailouts in Portugal, Greece and Ireland.

Italian bond yields surged through the critical 7% mark, at one point hitting 7.5%, amid concern that the deteriorating situation had moved the crisis into a dangerous new phase.

In Athens talks to appoint a prime minister to succeed George Papandreou were in deadlock, and will resume on Thursday morning. The Italian president, Giorgio Napolitano, sought to reassure the markets by promising that Berlusconi would be leaving office soon.

Angela Merkel, the German chancellor, said the situation had become “unpleasant”, and called for eurozone members to accelerate plans for closer political integration. “It is time for a breakthrough to a new Europe,” she said. “Because the world is changing so much, we must be prepared to answer the challenges. That will mean more Europe, not less Europe.”

The president of the European commission, José Manuel Barroso, issued a new call for the EU to “unite or face irrelevance” in the face of the mounting economic crisis in Italy. “We are witnessing fundamental changes to the economic and geopolitical order that have convinced me that Europe needs to advance now together or risk fragmentation. Europe must either transform itself or it will decline. We are in a defining moment where we either unite or face irrelevance,” he said.

Senior policymakers in Paris, Berlin and Brussels are reported to have discussed the possibility of one or more countries leaving the eurozone, while the remaining core pushes on toward deeper economic integration, including on tax and fiscal policy. “France and Germany have had intense consultations on this issue over the last months, at all levels,” a senior EU official in Brussels told Reuters, speaking on condition of anonymity because of the sensitivity of the discussions.

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Cables Expose Washington’s Close ties to Muammar Gaddafi

by Bill Van Auken
Global Research
August 27, 2011

Washington now calls for the murder of Gaddafi. This is the same Washington that while in the past praised Gaddafi for his developmental policies and called him a collaborator.

US embassy cables released by WikiLeaks on Wednesday and Thursday expose the close collaboration between the US government, top American politicians and Muammar Gaddafi, who Washington now insists must be hunted down and murdered.

Washington and its NATO allies are now determined to smash the Libyan regime, supposedly in the interests of “liberating” the Libyan people. That Gaddafi was until the beginning of this year viewed as a strategic, if somewhat unreliable, ally is clearly seen as an inconvenient truth.

The cables have been virtually blacked out by the corporate media, which has functioned as an embedded asset of NATO and the so-called rebel forces that it directs. It is hardly coincidental that the WikiLeaks posting of the cables was followed the next day by a combination of a massive denial of service attack and a US judge’s use of the Patriot Act to issue a sweeping “production order” or subpoena against the anti-secrecy organization’s California-based Domain Name Server, Dynadot.

The most damning of these cables memorializes an August 2009 meeting between Libyan leader Muammar Gaddafi and his son and national security adviser, Muatassim, with US Republican Senators John McCain (Arizona), Lindsey Graham (South Carolina), Susan Collins (Maine) and Connecticut “independent” Joe Lieberman.

McCain, the Republican presidential candidate in 2008, has in recent speeches denounced Gaddafi as “one of the most bloodthirsty dictators on Earth” and criticized the Obama administration for failing “to employ the full weight of our airpower” in effecting regime change in Libya.

U.S. Senators like John McCain, Lindsey Graham and Joe Lieberman previously praised Gaddafi.

In the meeting held just two years ago, however, McCain took the lead in currying favor with the Gaddafis. According to the embassy cable, he “assured” them that “the United States wanted to provide Libya with the equipment it needs for its security” and “pledged to see what he could do to move things forward in Congress.”

The cable continues to relate McCain’s remarks: “He encouraged Muatassim to keep in mind the long-term perspective of bilateral security engagement and to remember that small obstacles will emerge from time to time that can be overcome. He described the bilateral military relationship as strong and pointed to Libyan officer training at U.S. Command, Staff, and War colleges as some of the best programs for Libyan military participation.”

The cable quote Lieberman as saying, “We never would have guessed ten years ago that we would be sitting in Tripoli, being welcomed by a son of Muammar al-Qadhafi.” It states that the Connecticut senator went on to describe Libya as “an important ally in the war on terrorism, noting that common enemies sometimes make better friends.”

The “common enemies” referred to by Lieberman were precisely the Islamist forces concentrated in eastern Libya that the US then backed Gaddafi in repressing, but has now organized, armed and led in the operation to overthrow him.

The US embassy summarized: “McCain’s meetings with Muammar and Muatassim al-Qadhafi were positive, highlighting the progress that has been made in the bilateral relationship. The meetings also reiterated Libya’s desire for enhanced security cooperation, increased assistance in the procurement of defense equipment, and resolution to the C130s issue” (a contract that went unfulfilled because of previous sanctions).

Another cable issued on the same meeting deals with McCain’s advice to the Gaddafis about the upcoming release from a Scottish prison of Abdelbaset al-Megrahi, who had been convicted for the 1988 bombing of Pan Am 103 over Lockerbie, Scotland. McCain, who now fulminates about Gaddafi having “American blood on his hands,” counseled the Libyan leader that the release was a “very sensitive issue” in the US and that he should handle it discreetly, “in a way that would strengthen the growing relationship between our two countries, rather than hinder its progress.” Ultimately Gaddafi and other leading Libyan officials gave a hero’s welcome to Megrahi, who has proclaimed his innocence and had been set to have his appeal heard when the Scottish government released him.

Other cables highlight the increasingly close US-Libyan military and security cooperation. One, sent in February 2009, provides a “security environment profile” for Libya. It notes that US personnel were “scheduled to provide 5 training courses to host government law enforcement and security” the next month. In answer to whether the Libyan government had been able to “score any major anti-terrorism successes,” the embassy praised the Gaddafi regime for having “dismantled a network in eastern Libya that was sending volunteer fighters to Algeria and Iraq and was plotting attacks against Libyan security targets using stockpiled explosives. The operation resulted in the arrest of over 100 individuals.” Elements of this same “network” make up an important component of the “rebels” now armed and led by NATO.

French President Nicolas Sarkozy and Libyan Dictator Muammar Gaddafi

Asked by the State Department if there existed any “indigenous anti-American terrorist groups” in the country, the embassy replied “yes”, pointing to the Libyan Islamic Fighting Group (LIFG), which it noted had recently announced its merger with Al Qaeda in the Lands of the Islamic Maghreb (AQIM). Again, elements of the LIFG are active in the leadership of the so-called rebels.

An April 2009 cable preparing Muatassim Gaddafi’s trip to Washington that month stresses plans for anti-terrorist training for Libyan military officers and potential arms deals. In its conclusion the embassy states: “The visit offers an opportunity to meet a power player and potential future leader of Libya. We should also view the visit as an opportunity to draw out Muatassim on how the Libyans view ‘normalized relations’ with the U.S. and, in turn, to convey how we view the future of the relationship as well. Given his role overseeing Libya’s national security apparatus, we also want his support on key security and military engagement that serves our interests.”

A May 2009 cable details a cordial hour-long meeting between Gaddafi and the then-head of the US Africa Command, General William Ward.

An August 2008 cable, a “scene setter” for the “historic visit” of Secretary of State Condoleezza Rice to Tripoli, declares that “Libya has been a strong partner in the war against terrorism and cooperation in liaison channels is excellent … Counter-terrorism cooperation is a key pillar of the U.S.-Libya bilateral relationship and a shared strategic interest.”

Many of the cables deal with opportunities for US energy and construction firms to reap “bonanzas” in the North African country and note with approval privatization efforts and the setting up of a Tripoli stock exchange.

Others, however, express concern, not about the Gaddafi regime’s repressive measures, but rather foreign policy and oil policy moves that could prejudice US interests. Thus, an October 2008 cable, cynically headlined “AL-QADHAFI: TO RUSSIA, WITH LOVE?” expresses US concern about the Gaddafi regime’s approach to Russia for lucrative arms purchases and a visit to Tripoli harbor by a flotilla of Russian warships. One month later, during a visit to Moscow, Gaddafi discussed with the Putin regime the prospect of the Russian navy establishing a Mediterranean port in the city of Benghazi, setting off alarm bells at the Pentagon.

Cables from 2008 and 2009 raise concerns about US corporations not getting in on “billions of dollars in opportunities” for infrastructure contracts and fears that the Gaddafi regime could make good on the Libyan leader’s threat to nationalize the oil sector or utilize the threat to extract more favorable contracts from the foreign energy corporations.

The cables underscore the hypocrisy of the US and its allies in Britain, France and Italy, who have championed “regime change” in the name of protecting Libyan civilians and promoting “democracy.”

Those like Obama, Sarkozy, Cameron and Berlusconi who have branded Gaddafi a criminal to be hunted down and murdered were all his accomplices. All of them collaborated with, armed and supported the Gaddafi regime, as US and European corporations reaped vast profits from Libya’s oil wealth.

In the end, they seized upon the upheavals in the region and the anti-Gaddafi protests in Libya as the opportunity to launch a war to establish outright semi-colonial control over the energy-rich country and rid themselves of an ally who was never seen as fully reliable or predictable and upset his patrons with demands for better deals with big oil, closer ties with Russia and China and the threat of replacing the euro and dollar with a “gold dinar.”

One European Government

RT
August 16, 2011

Who in their right mind believes that giving more power to those who destroyed the economy is a good idea?

Germany and France are calling on all euro-zone members to enshrine a balanced budget in their constitution, as well proposing a collective “government” led by the EU president.

In one of the most dramatic expansions of state power since the onset of the EU debt crisis, France and Germany have proposed a united euro-zone government to guide the bloc’s finances.

Chancellor Angela Merkel, at a joint press conference Tuesday in Paris with President Nicolas Sarkozy, also proposed giving the new government the power to overrule national governments.

Angela Merkel and Nicolas Sarkozy have had another go at stopping the Eurozone debt crisis from spreading.

The worry is that Italy and Spain may be next in line to fail, while France is also battling to keep its credit score from being downgraded.

However, earlier it was announced that the French and German leaders would not discuss Eurobonds during their meeting in Paris on Tuesday.

Eurobonds are considered the panacea which would save the European economy by spreading the debt burden across the EU, transferring Northern European reliability to the southern states, which are in most financial trouble.

But Germany does not want to risk losing its hard-earned reputation for economic reliability by  signing up for the Eurobond.

Meanwhile, influential investors like George Soros are supporting the Eurobonds, saying the only solution for such weak countries as Portugal and Greece is to leave the euro.

The German opposition party, the Christian Democrats, who are currently leading the polls, also believe their country should take responsibility for their neighbors and accept Eurobonds.

The problem is that Germany has already been sucked into the crisis itself with its economic growth skidding to a halt in the second three months of the year.

Manipulated Markets Make a Come Back

Does it make sense that during the deepest depression since 1929, the U.S. Stock Market comes back up from a 6oo+ point decline? Only a manipulated system where speculators have complete control could recover from a rout that showed how little confidence investors have in the market today.

by Luis R. Miranda
The Real Agenda
August 9, 2011

While countries are in dire straits to make payments on mostly illegally acquired debts and the price of oil continues to fall; while little to nothing is produced or manufactured in the industrialized world and no ingenuity makes it big anywhere in the world; while the most important currencies continue to tumble and other financial markets turn more sour; while unemployment continues to grow from the low 20′s and more people make use of food stamps and unemployment benefits; while more jobs are exported to third world nations that support slave work for their populations and inflation is only tamed by artificial manipulation of the currencies; while numerous people look to gold and silver as their salvation, surprisingly the stock market came back from the pantheon and surged to recover from the slide seen just a few hours ago.

There is very little that can't be done when someone or something controls fiat currencies, rating agencies, and financial markets.

But not only did the stocks came back strong; they had the largest gains in more than two years. Along with this “come back” the U.S. dollar got weaker and the Swiss franc rose the most since 1971. Even the very same Standard & Poor Index managed to recover almost 5 percent, the most significant gains since 2009. In the meantime, the origin of the financial disaster, the privately owned banks headed by the Federal Reserve announced their intent to print more worthless money into the economy as a way to “boost” confidence. Even though QE1 and QE2 failed to provide any confidence, or for that matter failed to provide anything positive, the FED believes it is appropriate to bring up QE3. With this, the FED shows its interest to purchase more government bonds, which will consolidate its position as the largest holder of U.S. government debt.

“The Fed is clearly setting up a situation that could offer them the potential to do something significant, if necessary,” Bruce McCain, who helps oversee $22 billion as chief investment strategist at the private-banking unit of KeyCorp in Cleveland, said in a telephone interview. “That could be viewed as a positive,” added McCain. “People are starting to realize that what we’ve had in the market was an overreaction.” Really? Positive? How so?

Artificial Surge after the Decline

How can a stock market come back from a 600+ point decline in just a few hours if one considers that the cause of such loss -the downgrade of the U.S. debt rating- has not been dealt with? It simply boggles the mind, doesn’t it? The United States credit rating was lowered from AAA to AA+ by Standard & Poors, a rating agency that is paid by the banks to evaluate financial products and which is in part responsible for the current financial catastrophe. Together with Moody’s, S&P was created the by the banking system to carry out “independent” evaluations of financial products as well as credit confidence on institutions, state and local governments and of course whole nations.

According to Bloomberg, Stocks came back from a loss of $ 1 trillion after S&P downgraded the U.S. credit rating last Friday evening. The results of the downgrade were not felt until Monday, when the Markets opened all over the world. The S&P index sank about 11 percent and the stock market lost 648 points or more than 6 percent. But just 24 hours later, everything was different. “The MSCI All-Country World Index rose 2.1 percent for its biggest gain of the year”, says Bloomberg. “The index started the U.S. session valued at about 12.1 times profits, down from 21 in 1995..The MSCI Emerging Markets Index pared today’s drop to 2.2 percent after tumbling as much as 4.4 percent.”

Stocks Rally? What Rally?

In the Stock Market, the Dow Jones climbed almost 430 or 4 percent, failing to completely recover from the recent loss. The stocks experienced the 1oth more significant gain in its history. Can you believe it? In the middle of a Depression, the stocks rally the much?

Meanwhile, in the S&P, shares got to the front of the line due to the numerically significant gains. In total, they accumulated some 8.2 percent all together. This is the biggest rally since May 2009, which meant a complete recovery from Monday’s low. Bank of America Corp., which is now being sued by AIG for fraud, managed to gain 17 percent while other players like Hartford Financial Services got back 16 percent.

Of course the main stream media is giving all credit to the Federal Reserve, due to its announcement that it intends to “boost” the economy by injecting worthless cash into it. The FED’s head, Ben Bernanke and his aides came out to try to calm the demise a bit, although not everyone at the FED agreed with the move to bring along a new quantitative easing move. Three members from the policy committee dissented and instead called for maintaining interest rates low for a longer period of time.

As the docu-film “The Inside Job” impeccably exposes, there is very little that can’t be done when someone or something has the power to create money out of thin air, create rating agencies, control those agencies to give AAA ratings to whatever they choose and electronically manipulate the financial stock and bond markets whenever it’s convenient in order to perpetuate the fraudulent debt-based system the world has worked under since 1913.

False Policy Changes

The best way to perpetuate the above cited financial system is to have the available tool continuously reinforce the falsehood of the Central Bank sponsored plans. So, Moody’s has come out to praise the FED’s move to maintain the interest rates at a quarter of a percent in order to bolster the downturn. It’s a  ”major policy change,” said Augustine Faucher, director of macroeconomics at Moody’s. “By providing a more explicit time line for raising rates, the Fed is telling markets it is concerned about recent economic weakness and the potential for a near-term contraction, and is dedicated to spurring stronger economic growth,” Faucher added.

Just as this statement by Faucher is baseless, so is the belief that because the U.S. dollar is the world’s reserve currency, it can stand more beating than any other one. In fact, one of the reasons why the U.S. has not been downgraded further is that its currency is still consider valuable. Ironically, the dollar has lost 98 percent of its value since it became the subject of manipulation by the bankers. Moody’s has stated that the U.S. dollar can support larger levels of debt than other currencies. How do they figure that with a currency that is so devalued. They can’t figure it out. They just make it up.

The one world reserve currency scheme is only beneficial to those who control it, because the rest of the nations need to do business while devaluing their own. In sound economics, the value of paper money is based on a country’s production or manufacturing, therefore, the U.S. dollar can no longer be such reserve currency. U.S. manufacturing has eroded so badly, that it has cost the jobs of some 18 million people in the last few years.

If the U.S. dollar is still the world’s reserve currency, why are there other currencies that have better exchange rates than the dollar itself? I am no economic expert, but if the Swiss Frank rates higher than the dollar in currency exchange markets, shouldn’t the Frank be the reserve currency? Or even better, shouldn’t a commodity like gold be the reserve currency given its capacity to withstand recessions, depressions and financial market manipulations? It should. The reason why gold is not the reserve currency or at least the commodity over which a paper money currency is supported is that bankers cannot monopolize it, “hug” it or manipulate it.

High Market but Low Results: The World Economy in Shambles

While the banks try to extend the suffering period for the middle and low classes, countries in Europe are scrambling for a life boat to jump on. Although France and Germany are said to be negotiating an agreement to buy Spain’s and Italy’s debt in order to avoid a deeper economic collapse, some sources claim that the rescuers believe the Italian debt is too large to save. Both Nicolas Sarkozy and Angela Merkel began to hear opposition voices that are calling for a different position from the German and French governments. The reason for this is that an eventual bailout of Italy and Spain could cost the rescuers their AAA rating. This is seen as a possible trigger to drag the world’s economy further into the precipice.

Although U.S. markets artificially revived themselves on Tuesday, other countries were not as lucky. In Italy, the bond market saw a loss of 11 percent on its 10 year note. Just as the FED has done in the United States, the European Central Bank kept Italy and Spain afloat through the purchase of their bonds for a second day in a row. That was not enough to save the Spanish 10 year notes, as they collapsed eight basis points to 5.08 percent on Tuesday.

Meanwhile, oil prices hit some of the lowest levels for the year by getting down to $79.30 a barrel. Conversely, gold prices soared and added 4.1 percent to get to a record price of $1,782.50 an ounce.

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