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Raf To Drop Cash On Libya

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http://www.bbc.co.uk/news/uk-14734420

The RAF is flying £950m of Libyan cash to Libya after a UN assets freeze targeting Col Gaddafi was lifted.

Notes, amounting to 1.8 billion Libyan dinars that were printed in the UK, will be handed to Libya's Central Bank.

A Whitehall official said the money should be available to load into cash machines and distributed to banks very quickly.

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So the UK is printing banknotes for Lybia and is giving those to the Lybians in place of the UK pounds that Lybia held in the UK???!!!

That is a colossal fraud!!!

The most blatant seigniorage scam I have ever heard of...

The UK has to give Lybia it's funds in pounds and Lybia would have to pay in pounds only the printing costs of the Lybian dinars printed in the UK, not the face value.

Edited by awake_eagle

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I saw that the US was also going to toss a few billion in Libyan assets in the direction of the 'rebels'.

As far as I understand it, no one's entirely clear who the rebels are. Can you make a cheque out to 'various factions' ?

It just seems so naive . . . as was distributing small arms to everyone and anyone.

Sorry if I sound skeptical about this whole thing ever workin' out.

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I saw that the US was also going to toss a few billion in Libyan assets in the direction of the 'rebels'.

As far as I understand it, no one's entirely clear who the rebels are. Can you make a cheque out to 'various factions' ?

It just seems so naive . . . as was distributing small arms to everyone and anyone.

Sorry if I sound skeptical about this whole thing ever workin' out.

http://www.atimes.com/atimes/Middle_East/MH30Ak01.html

How al-Qaeda got to rule in Tripoli

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Are we now printing money for everyone else ?

It's incredibly clever.

We print and distribute some bank notes, and in exchange keep the gold, paintings and antiques horded by Gadaffi overseas.

Absolutely bl00dy genius.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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