West vs. China: A New Cold War Begins On Libyan Soil

 

 

Patrick Henningsen
Infowars.com
April 13, 2011

The question as to why US-led NATO forces are determined to engineer a regime change in Libya is now becoming clear. Whilst media pundits and political experts still argue over whether the Libyan rebel gangs are actually being backed and directed by US, UK and Israel intelligence agencies, broader long-range Western policy objectives for Libya are being completely ignored.

One only has to read the strategic briefings in U.S. AFRICOM documents to realise the true endgame in Libya: the control of valuable resources and the eviction of China from North Africa.

When the US formed AFRICOM in 2007, some 49 countries signed on to the US military charter for Africa but one country refused: Libya. Such a treacherous act by Libya’s leader Moummar Qaddafi would only sow the seeds for a future conflict down the road in 2011.

NATO: It’s been reduced to a mere private security force for western corporate interests.

According to Dr Paul Craig Roberts, the situation with Qaddafi is much different than the other recent protests in the Arab world. “Why is NATO there?” has become to real question, says Roberts, who fears that risky involvement stemming from American influence could lead to catastrophic breaking point in Libya.

 

 

 

WHY WE ARE IN LIBYA: a revealing interview with Dr Paul Craig Roberts.

 

 

CHINESE INTERESTS IN LIBYA

According to Bejing’s Ministry of Commerce, China’s current contracts in Libya number no less than 50 large projects involving a contracts in excess of 18 billion USD. What is even more revealing here is that due to the recent instability in the North African region, China’s investments have taken a serious hit. The recent political turmoil in the region has caused China’s foreign contracted projects  to drop with new contracts amounting to $ 3,470,000,000, down 53.2%. Among them, the amount of new contracts in Libya, down by 45.3%, 13.9% less turnover; to Algeria, the amount of the contract fell 97.1%, turnover decreased by 10.7% – all within the first 2 months of this year.

In addition to the numerous Chinese investments in Libya, the North African nation has also recently completed one of the most expensive and advance water works projects in world history- Libya’s Great Man Made River. A 30 year venture, finished only last year, gives Libya the potential for an agricultural and economic boom that would certainly mean trouble for competing agri-markets in neighbouring Israel and Egypt. It could also transform Libya into the emerging “bread basket” of Africa. With global food prices on the rise, and Libya possessing a stable currency and cheap domestic energy supply, it doesn’t take an economic genius to see what role Libya could play in the global market place.

 

Read the rest of the article here.

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