Gaddafi wanted to introduce a gold-based currency

Few accept the West's insistence that its motives behind the Libyan invasion are 'humanitarian' in nature.

Some say it's all about oil. Some say it's about Libya's resources. Some say it's to gain a strategic foothold in Africa, to prevent China from doing so.

Perhaps it's all of the above.

But what about Gadaffi's intention to mint a new currency - solid gold dinars - so that he could share the wealth of the country with its people? Backed by 144 tons of gold, the currency would rival the Dollar and the Euro and quite possibly, become a reserve currency - perhaps the world's new reserve currency.

Who would want to trade in fiat currencies when they could trade using a currency which is guaranteed not to devalue?

Isn't it odd that within days of the Libyan invasion, the bankers immediately set about creating a central bank in the country?