Gaddafi to Zimbabwe? Libyan Opposition Closes on Tripoli

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Libyan ruler Muammar al-Gaddafi might soon flee from his country. Events are moving fast in Libya – the opposition rebels are taking over more and more cities close to Tripoli, a new government has been formed and recognized, and Gaddafi’s family might be left with only one friend: Robert Mugabe of Zimbabwe, that allegedly sent mercenaries to aid the Libyan ruler. Will this crisis end?

A new government has been formed in Benghazi – a former justice minister has declared himself prime minister. While there isn’t certainty that this is indeed an interim government of just the “face of the revolution” – US Secretary of State Hillary Clinton was quick to recognize this new government and to offer any assistance needed. More an more defections have been reported from Gaddafi’s former supporters.

Zawiyah, close to Tripoli, has been taken over by the rebels. This was a scene of bloody battles in recent days, but now it’s under control of the opposition. After the eastern province has been secured by the opposition, they are also closing in on the Western province and closing in on the capital Tripoli – Gaddafi’s last stronghold. The end is near.

There are reports that the Zimbabwean army is helping Gaddafi in Libya. Officials in Zimbabwe have refused to comment on the situation and it seems that Gaddafi is on his way to Harare:

“Gaddafi’s own private plane is loaded with gold bullion and lots of hard currency, mainly dollars, and is preparing to flee to Zimbabwe to stay there with his friend Robert Mugabe. We think this could happen very shortly because the (UN) Security Council is threatening to impose a no-fly zone and we think that Gaddafi will try to escape before this no-fly zone is imposed,” Guma el-Gamaty said.

Gaddafi’s hours are short, and also NATO might fight him in Libya. If so, he’ll have to meet Mugabe earlier than expected.

If the Libyan civil war is decisively won by the opposition and Gaddafi indeed flees to Zimbabwe, this will lower the fear about the supply of oil from Libya and will contribute to pushing oil prices lower and sending the US dollar back up. Also the Swiss franc and Japanese yen, that have gained from the turmoil in Libya will lose their hot air.

But it’s important to remember that the Mideast troubles are far from over – Saudi Arabian protests have begun.

If the uprising reached Saudi Arabia, oil will skyrocket. Saudi Arabia is a huge producer of oil. Global growth will be seriously endangered.

For updates and analysis on oil prices, see Trading Energy.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

9 Comments

  1. “Two manic-depressives, two tyrants, two world wars.” (2008) Medical Hypotheses 70 888-892

    Summary Napoleon Bonaparte, Adolph Hitler and Joseph Stalin were tyrants who attained absolute power, and
    misused it in a gargantuan fashion, leaving in his wake a trail of hatred, devastation and death. All made war on their perceived enemies and on their own countrymen. In ‘‘A Brotherhood of Tyrants: Manic Depression and Absolute Power’’ (1994) Amherst, Prometheus Books, D. Jablow Hershman and I expose the paranoid/megalomaniacal variant of the disorder as the force that drove them to absolute power and the terrible abuse of it. We uncover manic-depressive disorder as a hidden cause of dictatorship, mass killing and war, and show how the psychopathology of the disorder can be a key factor in the political pathology of tyranny. In our earlier ‘‘The Key To Genius: Manic-Depression and the Creative Life’’ (1988) Amherst Prometheus Books we catalog the role of the disorder in the lives and careers of Isaac Newton, Ludwig von Beethoven, Charles Dickens, Vincent van Gogh and other creative geniuses. Thus manic-depressive disorder is variable
    to the extreme of paradox. Key to the destroyers is an indifference to the suffering of others, a need to control
    everyone and everything, a resistance to reason, and grandiose and paranoid delusions. The paranoid and grandiose delusions of manic-depressives are as infectious and as virulent as a deadly microbe, and can easily infect those in thrall to the host figure. It is a phenomenon known as ‘‘induced psychosis’’ and its imprint is often to be seen on the world stage. In this article I will add Kaiser Wilhelm to the list of manic-depressive warmongers, and passages from Robert Payne’s ‘‘The Life and Death of Adolph Hitler’’ that are not only pathognomonic of manic-depressive disorder, but of the mixed variant.
    ——————————————————–
    You mention Zimbabwe. Two peas, (or pairs), in a pod, and too funny. Gadaffi, Mussolini, Ahmadinejad, Arafat, Amin, Chavez, Kim Jong il, Pol Pot, Saddam Hussein, the real, not assumed, cause of hatred, bigotry, racism, antiSemitism, genocide, war, and terrorism. Upon capture, Hussein’s mouth was internationally exposed for a cyanide pill, when the poison was in his brain. If there were the mere suspicion that K had a few braces of WMDs strapped to his daughter’s bodies, would we have waited to take him out? SH already had WMD, and had used them before, which is 100% critical. Obhama/Clinton, “Outrageous violence” “unacceptable violence” “sanctions” ??11. Time for our own Zenga Zenga.

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