Picking up the mantle of Ghanaian leader Kwame Nkrumah, Qaddafi at the time was promoting a Central African Court, and a Monetary Fund and Bank capable of lessening African dependence on Western financial institutions.
He was planning to re-nationalize significant parts of the oil sector, had spurned a building contract with Bechtel, a San Francisco-based construction giant which builds military bases, and had initiated 50 major economic projects with China.
Further, Qaddafi was beginning efforts to initiate a new currency with Libya’s vast gold and silver holdings that could undercut the French franc and U.S. dollar, and refused to cooperate with the U.S. military’s Africa command (AFRICOM), stating that he preferred it to remain headquartered in Europe.
Italy’s top administrative court ruled against former White House adviser Stephen Bannon’s conservative think tank in a decision that Bannon called a politically motivated “joke,” The Associated Press reported on Tuesday.Bannon rips Italian court over decision to block populist training center
The institute’s founder, Benjamin Harnwell, confirmed Monday’s decision against the DHI in a telephone call with Reuters but said he had no immediate further comment. He said lawyers were still studying the ruling.