As for Libya:

 

http://www.thenewamerican.com/economy/ma...ted-dollar

 

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.

 

---

 

My comments:

The "civil war" was mostly Muslim Brotherhood jihadists sent from outside Libya.  Note that we swooped in and grabbed the 150 tons of gold.  I believe it was sent to the Netherlands.  

 

---

 

http://ireport.cnn.com/docs/DOC-884508

 

Here are some Facts you probably do not know about Libya under Muammar Gaddafi:
• There was  no electricity bills in Libya; electricity is free … for all its citizens.
• There was  no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
• If a Libyan is unable to find employment after graduation, the state would  pay the average salary of the profession as if he or she is employed until employment is found.
• Should Libyans want to take up a farming career, they receive farm land, a house, equipment, seed and livestock to kick start their farms –this was all for free.
• Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country.
• A home was considered a human right in Libya. (In Qaddafi’s Green Book it states: “The house is a basic need of both the individual and the family, therefore it should not be owned by others.”)
• All newlyweds in Libya would receive 60,000 Dinar (US$ 50,000 ) by the government to buy their first apartment so to help start a family.
• A portion of Libyan oil sales is or was  credited directly to the bank accounts of all Libyan citizens.
• A mother who gives birth to a child would  receive US $5,000.
• When a Libyan buys a car, the government would  subsidizes 50% of the price.
• The price of petrol in Libya was  $0.14 per liter.
• For $ 0.15, a Libyan local could  purchase 40 loaves of bread.
• Education and medical treatments was all  free in Libya. Libya can boast one of the finest health care systems in the Arab and African World. All people have access to doctors, hospitals, clinics and medicines, completely free of charge.
• If Libyans cannot find the education or medical facilities they need in Libya, the government would fund  them to go abroad for it – not only free but they get US $2,300/month accommodation and car allowance.

<span>• 25% of Libyans have a university degree. Before Gaddafi only 25% of Libyans were literate. Today the figure is 87%.
• Libya had  no external debt and its reserves amount to $150 billion – though much of this is now frozen globally.</span>

 

Gaddafi wrote, “They want to do to Libya what they did to Iraq and what they are itching to do to Iran. They want to take back the oil, which was nationalized by these country’s revolutions. They want to re-establish military bases that were shut down by the revolutions and to install client regimes that will subordinate the country’s wealth and labor to imperialist corporate interests. All else is lies and deception.”

 

Finally, the gold bullion held by the Libyan Central Bank (March 2011) was among the 25 largest reserves in the world, as reported by the Financial Times, citing the International Monetary Fund. This provided Libya a critical lifeline after billions of Libya’s assets were seized by the United States and the 27 member states of the European Union.

---