Al Gaddafi | International Investments and Oil Supplies are in Danger

15.03.2008 - American policy poses a significant threat to both the United States and the rest of the world. It resembles a reckless effort to bring down the temple upon everyone’s heads, including its own. Implementing laws aimed at harming other nations ultimately threatens America as well. The decisions made by obscure American courts, particularly those rendered in absentia, serve as a dangerous double-edged sword.

These rulings, often influenced by corrupt lawyers, are primarily designed to confiscate funds from others, with the attorneys involved acting as accomplices seeking to share the spoils. This perilous strategy could backfire on America.

International investors have grown increasingly wary. It is a well-recognized fact that "capital is cautious," leading to a decline in investments.

Liquidity may dwindle. To mitigate the risks associated with fluctuating exchange rates, the use of the US dollar may be avoided. Oil supplies, which could be jeopardized by the rulings of American courts, may come to a halt. States will likely safeguard their assets by preventing them from leaving their jurisdictions to avoid the threat of American expropriation.

A pertinent example is Libya's response during the Lockerbie crisis when it pulled its money from U.S. markets and those of its allies, opting to return those funds due to fears of confiscation.

American oil companies suffered losses and withdrew, and if the new American law or those court rulings are enforced, they may do so once more. Countries like Iran and Venezuela may follow suit, retracting their investments from foreign banks and enterprises while halting oil supplies and minimizing dependence on the US dollar.

Ultimately, America, the architect of this policy, stands to lose. American oil companies risk nationalization, expulsion, or asset confiscation, potentially being replaced by Chinese firms. This situation is likely to escalate if the misguided policy continues to gain traction and serves as a pretext for seizing investments outside America.

Such actions will only prompt countries with foreign investments to repatriate their funds to local markets, effectively safeguarding their assets unless America reconsiders its detrimental strategy.