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>> Guy: There is another version of the true reason for the military operation in Libya
It is not to protect the civilians from Gaddafi, and not even the urge to take control of the oil wells.
"It's all about gold" - that's what a famous Russian entreprenuer and public figure, Hermann Sterligov, believes. He wrote about it in his blog today.
The World Financial Crisis from which the planet still hasn't fully recovered
caused many countries to review the system of interstate commerce
Namely, to decline the Dollar and replace it with gold
>> Girl: One of the main proponents of this was Muammar Gaddafi. He proposed to trade in Gold Dinars
The US and the EU have strongly advocated against this.
And if the idea has embodied the world banking system that today's global economy is based on would have crashed.
Well, let's discuss this version. The author of this theory is in our studio today.
The creator of the Moscow Gold Exchange - Hermann Sterligov. Hello, Hermann.
Hello. For the gold exchange, the authorities didn't give us a license,
so we had to stop our activities to act within the legal field and go another route
For the last year we have been dealing more with international settlements in gold, which is becomimg more popular
>> Girl: And there we have a "Kaboom!" in Libya >> Hermann: Yes, there we have a "Kaboom!" in Libya
I'll tell you a little prehistory. Back in 2002, Malaysian Prime Minister Mohamad together with Moammar Gaddafi
proposed an initiative to introduce a Persian Gold Dinar. This idea was initially supported by Iran, Sudan and Brunei
and then the next year they were joined by Indonesia, UAE and a whole series of other countries.
This idea has become workable. There were several meetings of these countries' finance ministers, and this transition from the
US Dollar and Euro to Gold Dinar interstate transactions was becoming more realistic.
As a pilot project, the Gold Dinar, which was minted in sufficient quantities, was used inside countries such as
Malaysia, Indonesia and Iran; and even stores started accepting payments in Gold Dinars, which still takes place
even though paper money continue functioning along side. >> Girl: Do you have Gold Dinar with you?
>> Hermann: I don't have Dinars, we have our "Goldens" because different countries offer their own gold coins
We've offered "Golden"
>> Girl: Why "Golden"? Doesn't sound very Russian. >> Hermann: "Golden" means golden. We've had "Guldens" before
>> Guy: "Zolotnik" >> Hermann: Yes, we've "Zolotnik". "Golden" means golden in English.
In Russian, it's coined on state mark and called "Zolotoi".
We've offered Libya to use our coin, but it's pretty big. It's an ounce.
>> Guy: How were you offering to use it?
>> Hermann: Well, through negotiations.
because the negotiations took a while with the middlemen, and our Russian businessmen, and Arabs, and it all finally ended
... I wasn't doing the negotiations. Negotiations were handled by a famous businessman Nadezhda Ozarenkova
and a firm by Artur Aropetov - a large law firm.
They were handling the negotiations; I'm just a shepherd. I am the co-owner of the company.
You could've invited the participants of these negotiations. You can contact them, they're always available.
>> Girl: Well, we have you today, so you'll have to answer.
>> Hermann: So, it all ended similarly to the situation between Hitler and Stalin,
when Stalin was ready for the aggression, and concentrated the troops on the border, but Hitler attacked and destroyed
everything that was on the border. We have a similar situation here with the Western society.
Muammar Gaddafi... this is my opinion; my personal opinion...
Muammar Gaddafi was ready to declare withdrawal from the US Dollar and the Euro zone, but the world banking system acted first.
His Dollar and Euro bank accounts were arrested under the pretense of human rights violations.
>> Girl: Wait, the accounts were arrested, Hermann, after he started shooting the civilians.
>> Hermann: Of course. This happens in any country. Look at how many civilians are getting shot today in Yemen and other countries
and nobody is arresting anything. You can always find an excuse. This was the excuse this time.
Whether it was successful or not is a different question. This wasn't the reason
The reason was that the psychological effect of the Gaddafi's announcement, who is one of the major Muslim leaders,
wouldn't be the same as the announcement from Kelantan, a little-known state in Malaysia, where they only have gold coins.
Their Sheikh is Abul Dakar, but who knows him. He's a respected man, but who knows him.
And here we have Gaddafi, who is ready to withdraw from the world banking system and from the authority of the US Federal Reserve
A whole series of other countries would've then followed. This was beeing actively prepared for many years
and Gaddafi cooperated with African countries to create a united Africa with a united gold currency.
Since Egypt and others were ready to join this, a whole series of revolutions have been initiated by the Central Intelligence Agency to prevent the crash
of the world banking system. Which, by the way, doesn't even let us in Russia breathe.
An exit into gold from the paper currency is an exit from banking slavery, from endless debt, papers, registations and reports
all those many things that billions of people devote their lives to from birth to death.
>> Girl: Wait, Hermann, explain this simple thing then. As I understand it, we now have a huge budget amount
not supported by those gold reserves in full. >>Hermann: It is supported by nothing.
It is just sliced paper. >> Girl: Right, this is paper.
>> Hermann: Paper is always just paper. >> Girl: So then if Muammar Gaddafi declares that
he's exiting this banking system and deals only with commodity money relations, which is
commodity for gold, right? Not for money, not for paper. >> Hermann: For real money. For gold, right.
>> Girl: Right. So then he'll be trading with himself? He'll be trading with countries, who have gold?
>> Hermann: Really? That's why I've started with a prehistory. >> Girl: How is he going to sell oil? Who will give him gold?
>> Hermann: That's why I've started with prehistory. Because a whole series of countries during the past 8 years were actively preparing
on a state level to exit paper currency into gold. From Indonesia to Iran. >> Girl: But which countries? It's not USA, not France, not Germany.
>> Hermann: Of course, they are huge densely populated countries, which produce a lot of staples. Not just some computers and other
not very necessary things for people, but things that people can't live without: food, capital goods, oil, and etc.
And by the way about Russia, note who Gaddafi asked for help when the bombing started, or just before it,
when it became clear that he was late. He turned to China, India and Russia - the countries,
which are predisposed to turn to gold, especially China, which spoke many times about turning Gold Yuan.
And look what your rebels did. >> Girl: Well, not ours.
>> Hermann: Wait a minute, the first thing they did was not form a rebel government, which nobody has heard about, they have
opened a Central Bank in Benghazi. A Central Bank alternative to the Central Bank of Muammar Gaddafi.
And this indicates that... >> Girl: Wait, let me ask you a question.
>> Hermann: I'm sorry. This indicates that they are not against Muammar Gaddafi, but that they a completely different algorithm
of financial calculations. Different and geometrically opposing.
>> Girl: Still, as I understand it, right now, only those countries that you've talked about can trade in gold.
>> Hermann: Those 12 countries, which have agreed to it. >> Girl: Only the 12 countries.
>> Hermann: It's not that little, trust me. >> Girl: So they're going to trade with the rings they have.
>> Hermann: The hope was that the chain reaction would follow because everybody is sick and tired of being the
slaves of the US Federal Reserve System and personally of Mr.Bernanke
Because even the United States are slaves of Mr.Bernanke
Bernanke and the Fed loans money to the United States.
Last month, in South Carolina - a US state - there was an legislative initiative on the state level
to transition to Gold Dollar and to repeal the paper Dollar
This is in South Carolina, USA.
If Muammar Gaddafi managed to get out of sliced paper,
which isn't worth anything, and into gold
he would've had support of not only the Muslim World
but a huge number of countries maybe even Germany,
which by the way not that long ago stated,
"How much longer are we going to pay for the US mistakes?"
>> Girl: Well, they wanted to move back to Deutsche Marks.
>> Hermann: They wanted to move to gold.
The entire World, who does not want to work for Bernanke,
wants to move to gold because... >> Girl: Last question.
>> Hermann: I'm sorry. Because the absolute power of Bernanke started, when the US has abandoned gold.
>> Girl: OK, we got it. Although last little question -
aren't you afraid? If you want to move to gold
>> Hermann: My dear, I live in a forest.
>> Guy: That's going to be easy for the coalition.
>> Hermann: That's going to be difficult for the coalition.
They will first have to implement the most difficult operation in Russia
and then find me. And by that time I'll be in partisans with my sons.