US government robs Libyan oil revenue accounts to avert government shutdown.

Presscore.ca
April 10, 2011

The US government averted a shutdown on Friday.  As the US government spends an unprecedented amount of money to fix the nation’s failing economy, there is an equally great need to raise the cash to pay for it.  In March 2011 alone the U.S. Govt. spent 8 times more than it took in.  When expenses are far greater than revenue and no new revenue is available to pay off one’s debt bankruptcy is inevitable.


The US government gets the bulk of its money from foreign countries.  Foreign countries like China (the largest buyer of US debt ) and Japan buy the US debt which is now a staggering and unrepayable $14 trillion.  Japan (the #2 largest buyer of US debt) can no longer afford to buy the US debt anymore because of the 9.0 magnitude earthquake and tsunami that caused $billions in damage.  China openly apposes and abstained (along with India, Russia, Germany and Brazil) from the UN Resolution for the US war of aggression against China’s energy partner Libya so the US lost $billions of Chinese debt purchasing.
 
China knows it can’t sell all of its US dollars at this point, so instead it is choosing to buy as little USD as possible and at the same time hedge against the USD (known around the World as the worthless Federal Reserve Note) by using its reserves to buy up commodities. Because the bulk of the money needed to finance the US government stopped flowing into the United States from these two major debt purchasers a shutdown of the United States government was and is still imminent.  No new revenue is available to pay off the US debt.  The US government is officially bankrupt.

To overt a shutdown of the US government and ward off the humiliation of bankruptcy US president Barack Obama ordered the US Treasury to rob the Libyan people by taking $billions from Libyan bank accounts.  The US government reportedly took $billions from the Libyan bank accounts in the United States,  accounts that the US government froze even before the US government pursued UN sanctions against Gaddafi – a pretext to the unlawful US war of aggression against Libya.

We now know why the US government sought to quickly freeze the Libyan bank accounts.  Before the planning of the US war of aggression (a very serious war crime) against LIbya began Libya’s leader, Col. Muammar Muhammad al-Gaddafi, refused to place Libya’s finances under the control of the anti-sovereignty and US controlled  IMF and World Bank. The US government has been using those 2 money laundering banks to secretly embezzle $billions from countries who were forced to join.  The $billions in foreign funds that the US government has and is embezzling is used to keep the US government going.
Read the entire article 

No comments: