Poor Richard’s Blog
October 25, 2011
The pro-Western corporatist media outlets are hurriedly trying to help spin every aspect of the murder of Moammar Gadhafi and the ongoing rape and pillage of the Libyan people’s assets.
Yesterday Paul Richter of the LA Times wrote an article claiming that Moammar Gadhafi was the richest man in the world, holding some $200 billion dollars in assets hidden all over the globe. Buried deep within the body of his article, the truth finally comes out…
“But subsequent investigations by American, European and Libyan authorities determined that Kadafi secretly sent tens of billions more abroad over the years and made sometimes lucrative investments in nearly every major country, including much of the Middle East and Southeast Asia, officials said Friday.
Most of the money was under the name of government institutions such as the Central Bank of Libya, the Libyan Investment Authority, the Libyan Foreign Bank, the Libyan National Oil Corp. and the Libya African Investment Portfolio. But investigators said Kadafi and his family members could access any of the money if they chose to. The new $200 billion figure is about double the prewar annual economic output of Libya, which has the largest proven oil reserves in Africa.” – Paul Richter