Another failed state in the making.

“Libya is a monkey box. You see the chairman of the National Council or whatever it’s called appearing on television wearing slippers and holding a Kalashnikov. They have no idea what they have, and what they have, they steal.” The game of wildly overstating the personal wealth of Middle Eastern dictators, and then stealing national assets under cover of civil conflict and social chaos, is one that Western governments and financial institutions and their co-conspirators in Arab countries play hand-in-glove. “They said Hosni Mubarak and his family were worth over $20B. The real number turned out to be a few 10s of millions. Meanwhile, when Mubarak was removed from office, the foreign currency reserves and national investments of Egypt were $54B. Now they are below 0. You tell me where that money went.”

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