Category: Economics

Liquidity Crisis in Libyan Banks is due to Smuggling.

Liquidity Crisis in Libyan Banks is due to Smuggling.

11149578_468393523363568_5958835603757120894_n

For a long time in Libya citizens in their majority have been living in conditions that can only be compared to Gaza and Yemen. Sanctions have played their part, as has Sanctions on the Media and Social Media for years preventing any MSM real news to leak – and this has been deliberate. Partly due to the Western and Zionist Powers involved alongside Qatar as a deliberate Psychopathic Policy of inflicting such extreme poverty on the Country to force the population to accept their Terrorist Zionist backed Regime, and partly out of sheer embarrassment and a desire to sweep it under the carpet away from the eyes of the World.

But the lack of Liquidity in the Banks in recent times since the Oil was turned back on again in the Eastern Regions – once the Libyan National Army had finally secured the Oil Fields from Jadran (who had turned the oil off for years), and secured the region from ISIS and AQ in the Eastern Region does not account for the continuing lack of funds in the banks.

All workers in Libya be they Teachers, Doctors, Lawyers, Army, Police, Nursing Staff, in fact every member of the Libyan Population is restricted to withdrawing just 500 Libyan Dinars a month from the Banks there. wages are paid into the banks and only a nominal amount can be withdrawn and with ever increasing prices where a litre of milk is more than double the price of a litre of milk in the UK, what equates to just £70 per week per person in Libya in cash withdrawals is not enough to subsist on.

The Black Market and Crime thrives. And its the very type of Crime which Libya has become synonymous with. Although in the Eastern Regions and areas controlled by Field Marshal General Haftar this type of Crime doesn’t even really exist compared to the areas where US/UK/Isreali/Qatari forces have unleashed their terror.

Haftar is known by the Uk and Zionist powers as a “Dictator”. This is definitely not the Case. I have been studying Libya as a Social Media Analyst since 2014. In MENA facebook groups I met a Libyan – (who I did not know initially was a Libyan). I was one of few Activists for Palestine in the West who did not run a mile when ISIS reared it’s head in Mainstream Global News – all facebook Groups dealing with Palestine were suddenly highly populated with ISIS fans and members – recruiting. Until the UNSC listed ISIS as Terrorists for Eradication in late 2015, facebook had no interest in removing the CIA created Proxy Terrorists from social media – as the US was using them to topple Assad in Syria, take Iraq and take Libya – and it seemed clear to us that the overspill across the World was deliberate and the plan was to use ISIS everywhere they could.

However, I digress. The USA and UK were outvoted at the UNSC in 2015 by Russia, China and Egypt and ISIS was listed for Global eradication. There were plenty of individuals like me in the West. Who saw what was going on and decided to extend our free time to Activism to reveal what we knew. Instead of following the crowd I wanted to study all aspects of it, and facebook was the best place to do it, backed up by an International crowd of Activists from all backgrounds and all Countries. And an Activist who was Arab noticed me and asked me to look at Libya.

Yet again I wasn’t going to follow what one man gave me regarding information so I soon had joined the social media Pages and groups of all factions so I could get a view of what was going on. Totally shocked at what I saw – reason being the destruction and Genocide of Tens of thousands of Sunni Muslims. By so called Muslims.

I can hereby state that Field Marshall Haftar is no Dictator. For who does an Army Leader command such respect and such a following of so many dedicated followers when there is no money in the banks to pay them? When he arrived on the scene in late 2014 his task must have seemed impossible. It seemed like it to me. Yet I still fought with those who fought with him. Because there was no other side to take. No other entity there could be a choice. You cannot side with such Terror. It would be the same as siding with ISIS or Al Qaeda, and that is exactly what the opposition to Haftar is. Backed by Qatar, Israel, UK and USA. Yet no Shia, no Yazidi and the only Christian Population in Libya at that time were a handful for foreign workers from Egypt. So it was so clear to me why all MSM was Sanctioned and why when I created a facebook Page to get the News I was gathering out of the Country, that facebook Page was Sanctioned also .

For some time anyone who did not like the Page couldn’t see Reposts. And no matter what target audience was selected in a Page Boost, nobody but Libyans ever saw the sponsored adverts. This was a body blow to me emotionally but after a couple of weeks, I saw how to turn it around. Get news of Libya out to Libyans and bring in News from outside of Libya into Libya via the Page. USA Terror TV Satellites were only piping Libyan Terror TV to Libyans and the only form of real news they had was via the Drums of Activists. On Social Media. And worn out and beat down as Libyans were and still are, I decided to battle on.

Field Marshall general Haftar rallied an Army of Volunteers behind him. Because they have all been “Volunteers”. No Dictator could rally that number of men ready to die for a cause (and thousands of them have) and live and fight for years for their Country when they had no cash to pay them. So ignore everything you hear from the Zionists. I am British. And all I have ever heard from my Media here is Psychopathic Ignorance from all corners of the British Bullshit Corporation – kicking out Oxymoron Victim blaming Blow after Blow. And then expecting to dictate to the Libyans what they should do with their Country.

Getting back to the lack of Liquidity of cash some new information has been gathered as to how and why the situation has not improved despite months of renewed Oil Flow. And here it is. And  is mostly perpetrated by the same Region who is perpetrating all the rest such as People Smuggling. And a lot of it apparently by the Amazigh:

“Operation room against the state organization Sabratha:

The smuggling of people and fuel is directly related to the lack of liquidity and we will try to simplify it as follows:
1 – smuggled fuel is taken from smugglers in hard currency (euro)
2 – Every million euros of sales taken by smugglers will result in the withdrawal of 900 million Libyan dinars from the market, considering that 1 euro equals 9.78 Libyan dinars.
3 – If we take the port of Zuwara as an example, according to some estimates, the smuggling of the equivalent of 100 tanker per day of fuel, however, we will do our calculations on half of this quantity, which is only 50 tanks, the average load of each tank 35000 liters, that the amount smuggled annually will be 638,750,000 liters.
4 – The price of this amount in euros is 638,750,000
5- This amount will be smuggled by smugglers in Libyan dinar, which is equivalent to five billion seven hundred fifty million dinars.
6 – This amount will go to a few gangs and smugglers are kept at home and will not be deposited in banks.
7 – If we add estimates of what is being smuggled from the rest of the ports and through the vast Libyan deserts to neighboring countries, the amount will be many times that amount.
8 – Every year passing through this depletion will intensify the crisis of liquidity because of the accumulation of funds in the pockets of the leaders of these militias and the increasing scarcity in banks, and will increase with the impoverishment of the simple Libyan citizen.
God save Libya”

 

 

 

Advertisements

Economic Rollover: Banksters Created The Greatest Ponzi Bubble In Financial History — Political Vel Craft

The common consensus in the financial community today is that the Fed and other Central Banks have somehow managed to end the business cycle. The result of this is that we’ve entered a period of sustained growth (albeit low growth) that will continue in perpetuity until something magical happens and stronger growth returns. On the […]

via Economic Rollover: Banksters Created The Greatest Ponzi Bubble In Financial History — Political Vel Craft