Libya’s embattled leader Moammar Gaddafi has offered amnesty and some other concessions to anti-government rebels who turn in their weapons.

In a speech in Tripoli to supporters and foreign reporters, he promised that opponents who renounced violence and gave up their movement would be forgiven and not pursued.

Gaddafi proposed that he had no objection to the establishment of privately-owned media in the country not a constitution. Media reports suggest that his son Saif likely tailored the speech, since he has discussed these reforms before.

Simultaneously, the Libyan leader warned foreign powers that his country would turn into another Vietnam if they intervened in its affairs.

We will enter a bloody war and thousands and thousands of Libyans will die if the United States enters or NATO enters,” he said.

He also stuck to his claim that al-Qaeda or its supporters were behind the unrest in his country.

Surprisingly, Gaddafi conceded that most of the world appeared to be against him, including India, China and parts of Latin America as well as the US and Europe.

Gaddafi also invited the UN security council to investigate events in Libya, accusing it of making decisions (i.e., sanctions and war crimes probs) based on 100% inaccurate media reporting.

“Moammar Gaddafi is not a president to resign, he does not even have a parliament to dissolve, he said, referring to himself.

He also said that if Western companies doing business chose to leave Libya, they could easily be replaced by Indian and Chinese companies.

Meanwhile, opposition forces are believed to be in control of more than half of the country, including the oil-rich east.