Oil, of course, has been mentioned frequently - Libya is Africa's largest oil producer. But one possible reason in particular for Gadhafi's fall from grace has gained significant traction among analysts and segments of the non-Western media: central banking and the global monetary system.
According to more than a few observers, Gadhafi's plan to quit selling Libyan oil in U.S. dollars - demanding payment instead in gold-backed "dinars" (a single African currency made from gold) - was the real cause. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.
And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a "threat" to the financial security of the world. The "Insiders" were apparently panicking over Gadhafi's plan.

Libya's Muammar Gadhafi, a violent ending for a brilliant leader and the hope of Africa.














Comment: Obama had frozen $30B that belonged to the Libyan Central Bank, earmarked by Libya for three key projects that would launch the African Federation: African Investment Bank, African Monetary Fund and the Abuja-based African Central Bank in Nigeria. These institutions were to supplant the International Monetary Fund and would cause the demise of Western economic control in Africa. Besides his Gold Plan, Gadhafi was veering towards a United States of Africa, independent of the PTB in Europe and America. He had to go.