Changes

==United States intervention==

==United States intervention==

===Frozen assets===

===Frozen assets===

President Obama moved swiftly to support French plans to frustrate Gaddafi's proposal for an African Union with his unilateral declaration of a national emergency in order to freeze all of the Bank of Libya's $30 billion of funds to which America had access. This was reported in the U.S. press as a freeze of the funds of "Colonel Qaddafi, his children and family, and senior members of the Libyan government.<ref>''New York Times'', February 27, 2011.</ref>  The second section of Obama’s decree explicitly targeted "All property and interests… of the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya.<ref>Executive Order of February 25, 2011, citing International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1701 et seq.) (NEA), and section 301 of title 3, United States Code, seizes all Libyan Govt assets, February 25, 2011, link. The authority granted to the President by the International Emergency Economic Powers Act "may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose" (50 U.S.C. 1701).</ref> The consequences of the $30-billion freeze for [[Africa]], as well as for Libya, have been spelled out by an African observer:

President Obama moved swiftly to support French plans to frustrate Gaddafi's proposal for an African Union with his [[unilateral]] declaration of a national emergency in order to freeze all of the Bank of Libya's $30 billion of funds to which America had access. This was reported in the U.S. press as a freeze of the funds of "Colonel Qaddafi, his children and family, and senior members of the Libyan government.<ref>''New York Times'', February 27, 2011.</ref>  The second section of Obama’s decree explicitly targeted "All property and interests… of the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya.<ref>Executive Order of February 25, 2011, citing International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1701 et seq.) (NEA), and section 301 of title 3, United States Code, seizes all Libyan Govt assets, February 25, 2011, link. The authority granted to the President by the International Emergency Economic Powers Act "may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose" (50 U.S.C. 1701).</ref> The consequences of the $30-billion freeze for [[Africa]], as well as for Libya, have been spelled out by an African observer:

[[File:Treaty of Tripoli PD LC.jpg|thumb|Treaty of Tripoli, Libya was one of the first nations to recognize the US in 1796.]]

[[File:Treaty of Tripoli PD LC.jpg|thumb|Treaty of Tripoli, Libya was one of the first nations to recognize the US in 1796.]]

{{Cquote|The US$30 billion frozen by Mr Obama belong to the Libyan Central Bank and had been earmarked as the Libyan contribution to three key projects which would add the finishing touches to the African federation – the African Investment Bank in Syrte, Libya, the establishment in 2011 of the African Monetary Fund to be based in Yaounde with a US$42 billion capital fund and the Abuja-based African Central Bank in Nigeria which when it starts printing African money will ring the death knell for the CFA franc through which Paris has been able to maintain its hold on some African countries for the last fifty years. It is easy to understand the French wrath against Gaddafi.}}

{{Cquote|The US$30 billion frozen by Mr Obama belong to the Libyan Central Bank and had been earmarked as the Libyan contribution to three key projects which would add the finishing touches to the African federation – the African Investment Bank in Syrte, Libya, the establishment in 2011 of the African Monetary Fund to be based in Yaounde with a US$42 billion capital fund and the Abuja-based African Central Bank in Nigeria which when it starts printing African money will ring the death knell for the CFA franc through which Paris has been able to maintain its hold on some African countries for the last fifty years. It is easy to understand the French wrath against Gaddafi.}}