Free Republic

BEYDA, Libya—Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage. The pile, however, presents some problems. The coins are locked away with a five-number code that central bankers in this part of the country don’t have. A rival government in Tripoli, which has effective control over the bank system, won’t hand over the digits and has expressed concern the money could fund armed militias opposed to its rule. To make things...

Two weeks after France began bombing Libya, in March, 2011, Hillary Clinton's old friend and advisor Sidney Blumenthal passed her an intelligence memo that supposedly revealed France's true — and quite unflattering— motivations for toppling Libyan dictator Muammar Qaddafi. While France's then-President Nicolas Sarkozy publicly said he wished to free the Libyan people from tyranny, Blumenthal's memo argues that he was driven by a cocktail of less lofty incentives, including a desire for Libyan oil, and a fear that Qaddafi secretly planned to use his vast supply of gold to displace France's primacy in the region. It appears that Clinton's...

More than a billion dollars in cash, gold and diamonds believed looted by late Libyan strongman Muammar Qaddafi during his 40-year reign may have been found socked away in South Africa -- just a fraction of the wealth the dead dictator is suspected of stealing. Libyan investigators, who believe Qaddafi may have taken as much as $100 billion of his North African nation’s wealth, have zeroed in on $1 billion or more being held by four banks and two security companies in South Africa, according to The Sunday Times of South Africa. Libyan authorities, who are working with the Arab...