{"id":33482,"date":"2016-04-03T19:47:39","date_gmt":"2016-04-03T17:47:39","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=33482"},"modified":"2016-04-06T06:22:45","modified_gmt":"2016-04-06T04:22:45","slug":"libya-extending-the-function-of-the-central-bank","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/libya-extending-the-function-of-the-central-bank\/","title":{"rendered":"Libya: Extending the Function of the Central Bank"},"content":{"rendered":"<p>How the Tools of Finance are Used to Effect Political Change<\/p>\n<p>Robert Parry writes: \u00a0The U.S. scheme for establishing the authority of the \u201cunity government\u201d centers on using the $85 billion or so in foreign reserves in Libya\u2019s Central Bank to bring other Libyan leaders onboard. But that strategy may test the question of whether the pen \u2013 poised over the Central Bank\u2019s check book \u2013 is mightier than the sword, since the militias associated with the rival regimes have plenty of weapons.<\/p>\n<p class=\"indent\">Besides the carrot of handing out cash to compliant Libyan politicians and fighters, the Obama administration also is waving a stick, threatening to hit recalcitrant Libyans with financial sanctions or labeling them \u201cterrorists\u201d with all the legal and other dangers that such a designation carries.<\/p>\n<p class=\"indent\">But can these tactics \u2013 bribery and threats \u2013 actually unify a deeply divided Libya, especially when some of the powerful factions are Islamist and see their role as more than strictly political, though the Islamist faction in Tripoli is also opposed to the Islamic State?<\/p>\n<p class=\"indent\">After the sea landing on Wednesday, the \u201cunity government\u201d began holding official meetings on Thursday, but inside the heavily guard naval base. How the \u201cunity\u201d Prime Minister Fayez Sirraj and six other members of the Presidency Council can extend their authority across Tripoli and then across Libya clearly remained a work in progress, however.<\/p>\n<p class=\"indent\">The image of these \u201cunity\u201d officials, representing what\u2019s called the Government of National Accord, holed up with their backs to the sea at a naval base, unable to dispatch their subordinates to take control of government buildings and ministries, recalls how the previous internationally recognized government, the House of Representatives or HOR, met on a cruise ship in Tobruk in the east.<\/p>\n<p class=\"indent\">Meanwhile, HOR\u2019s chief rival, the General National Congress, renamed the National Salvation government, insisted on its legitimacy in Tripoli, but its control, too, was limited to several Libyan cities.<\/p>\n<p class=\"indent\">On Wednesday, National Salvation leader Khalifa Ghwell called the \u201cunity\u201d officials at the naval base \u201cinfiltrators\u201d and demanded their surrender. Representatives of the \u201cunity government\u201d then threatened to deliver its rivals\u2019 names to Interpol and the U.N. for \u201csupporting terrorism.\u201d<\/p>\n<p class=\"indent\">On Friday, the European Union imposed asset freezes on Ghwell and the leaders of the rival parliaments in Tripoli and in Tobruk. According to some accounts, the mix of carrots and sticks has achieved some progress for the \u201cunity government\u201d as 10 towns and cities in western Libya indicated their support for the new leadership.<\/p>\n<p class=\"indent\">\n<p class=\"indent\">Clinton\u2019s State Department <u>email exchanges<\/u> revealed that her aides saw the Libyan war as a chance to pronounce a \u201cClinton doctrine,\u201d bragging about how Clinton\u2019s clever use of \u201csmart power\u201d could get rid of demonized foreign leaders like Gaddafi. Clinton didn\u2019t miss a second chance to take credit on Oct. 20, 2011, after militants captured Gaddafi, sodomized him with a knife and then murdered him.<\/p>\n<p class=\"indent\">With Gaddafi and his largely secular regime out of the way, Islamic militants expanded their power over the country. Some were terrorists, just as Gaddafi had warned.<\/p>\n<p class=\"indent\">One Islamic terror group attacked the U.S. consulate in Benghazi on Sept. 11, 2012, killing U.S. Ambassador Christopher Stevens and three other American personnel, an incident that Clinton called the worst moment of her four-year tenure as Secretary of State.<\/p>\n<p class=\"indent\">The aftermath of the Clinton-instigated \u201cregime change\u201d in Libya also shows how little Clinton and other U.S. officials learned from the Iraq War disaster.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How the Tools of Finance are Used to Effect Political Change Robert Parry writes: \u00a0The U.S. scheme for establishing the authority of the \u201cunity government\u201d centers on using the $85 billion or so in foreign reserves in Libya\u2019s Central Bank &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/libya-extending-the-function-of-the-central-bank\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-33482","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"How the Tools of Finance are Used to Effect Political Change Robert Parry writes: The U.S. scheme for establishing the authority of the \u201cunity government\u201d centers on using the $85 billion or so in foreign reserves in Libya\u2019s Central Bank to bring other Libyan leaders onboard. But that strategy may test the question of whether\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/libya-extending-the-function-of-the-central-bank\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Libya: Extending the Function of the Central Bank - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"How the Tools of Finance are Used to Effect Political Change Robert Parry writes: The U.S. scheme for establishing the authority of the \u201cunity government\u201d centers on using the $85 billion or so in foreign reserves in Libya\u2019s Central Bank to bring other Libyan leaders onboard. 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