Gaddaffi was working to build a Pan-African Union -- like the EU but for African countries with a common currency like the Euro, except it would be backed by Gold & Silver. Any oil from Libya or other African nations like Sudan would be sold in this currency and not the U.S. dollar, which would severely undermine global foreign demand for Dollars and hasten the financial collapse of the US.
Gaddaffi was working to build a Pan-African Union -- like the EU but for African countries with a common currency like the Euro, except it would be backed by Gold & Silver. Any oil from Libya or other African nations like Sudan would be sold in this currency and not the U.S. dollar, which would severely undermine global foreign demand for Dollars and hasten the financial collapse of the US.