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Will the U.S. now try to overthrow Malaysia's prime minister too?

Section: Daily Dispatches

'Gold Is More Stable': Malaysia Needles U.S. with Proposal for Pan-Asian Bullion-Backed Currency

From Russia Today, Moscow
Friday, May 31, 2019

Malaysian Prime Minister Mahathir Mohamad has floated the idea of creating a gold-backed common trading currency for all of East Asia, slamming regional currency exchange as "manipulative" and criticizing the United States' heavy-handed foreign policy. ...

Libyan leader Muammar Gaddafi proposed a pan-African gold dinar that would be used to sell the country's oil on the world market in 2009, less than two years before his government fell to a NATO-backed regime change operation that has left the once-prosperous nation a conflict-ridden war zone.

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One of the "moderate" rebels' first actions upon brutally murdering Gaddafi was to create a central bank to replace the state-owned monetary authority that had previously managed Libya's wealth.

The United States has historically not taken kindly to countries that attempted to trade oil in non-dollar currencies, as Iraq's Saddam Hussein can attest -- or could, if he hadn't been regime-changed as well.

Syria too dropped its peg to the dollar in 2007, not long before the West went from awarding Bashar al-Assad the French medal of honor to declaring him a bloodthirsty monster.

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