Bob Chapman
The International Forecaster
July 27, 2008
Vast unexploited oil reserves? An economic threat from too much oil? Dark pools of liquidity, threats of hyperinflation from unsound economy and Fed practices, remembering the lessons from The Great Depression, reactionary measures to protect the dollar, An examination of a crisis scenario.
Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of his concern for the spiritual welfare of the “pipeliners,” Mr. Williams volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to the information that is documented in his book, “The Energy Non-Crisis,” which shows that peak oil is a scam because our domestic reserves in the North Slope of Alaska alone are at least as large as those in Saudi Arabia and are potentially large enough to power the US with domestic oil for two centuries. Recently this year, due to the sensitive nature of his book, Mr. Willians’ life was threatened and he was forced to shut down his web-site and stop selling his books and CDs. At the urging of Dr. Stanley Monteith of Radio Liberty, he called back the same oil executive who had warned him about the danger he would be in if he continued to disseminate certain information to ask if in fact there was any information that he could in fact convey to the public without upsetting the powers that be. The oil executive, who Mr. Williams had known for years, gave Mr. Williams some startling revelations which he could safely reveal to the general public. As you know, the Illuminati are arrogant enough to reveal some of their plans because they believe there is nothing we can do about it.
Basically, Mr. Williams was told that over the next twelve months, from mid-2008 to mid-2009, (1) news of super giant oil fields, ready to produce, would be announced for two locations, in the Northern Slopes of Russia and in Indonesia, which oil fields would together contain more oil reserves than the entire Middle East; (2) that this news would drive oil prices down to $50/barrel; (3) that OPEC countries, especially in the Middle East, would be bankrupted by this price decrease; (4) that this would cause the financing of our foreign trade and current account deficits through purchases of treasury paper by foreign nations with their surplus oil profits to collapse, leading to the collapse of the dollar; (5) that the collapse of the dollar would cause unprecedented financial strife and turmoil in the US, and that it would take many years for the US to recover from this financial debacle; (6) that they (big oil) support John McCain for President; and (7) that US domestic oil reserves would never be tapped, and that any legislation which might allow domestic reserves to be tapped would not be allowed to pass, leaving the US dependent on foreign oil forever.
News of the Russian oil field has been announced just as predicted, but whether the rest happens as stated above remains to be seen. Nevertheless, many of these revelations seem quite feasible, so we thought we would comment on how these revelations might play out under the current financial scenario.
Certainly, if the world’s oil reserves, ready to produce, are increased by an amount equal to the total oil reserves of the Middle East, oil could easily be brought down to $50 per barrel. It would almost be like starting all over again from an oil reserve perspective. This would destroy the economies of countries that are currently giving us trouble, such as Iran and Venezuela, allowing us to defeat them without ever firing another shot. Russia would get less per barrel, but would be selling an awful lot of oil out of their vastly increased reserves, so they would be weakened, but not bankrupted. Nations in the Middle East, whose reserves are rapidly dwindling, would all be destroyed from an economic perspective at first, but the ensuing civil unrest would also eventually topple all Middle East OPEC regimes, allowing the US to move in and take over control of their governments and their remaining oil reserves. Countries such as China, Japan and India, who import large portions of their oil, would get a huge shot in the arm from reduced oil prices, and this would also be a great help to the free trade-globalization agenda, which is being strained by high oil prices because transportation costs are offsetting the advantages of cheap labor.
What we envision happening under the scenario revealed to Mr. Williams would certainly start with the stated reduction in oil prices well ahead of elections. This would produce great joy and relief for the sheople and ignite a huge, worldwide stock market rally just prior to elections, making George Bush and congressional incumbents look a lot better and lending support to John McCain, the stated preferred presidential candidate of big oil. Much lower oil prices would support the dollar and suppress precious metals by reducing inflation by the amount attributable to recent oil price increases, but only at first. The huge rally would give the elitists the chance they were looking for to bail out of paper assets such as stocks, bonds (which would include treasuries) and derivatives at the top of the markets using the dark pools of liquidity known as Project Turquoise and Baikal. The proceeds from the sale of paper assets would then be plowed into real, tangible assets such as commodities, precious metals, real estate, infrastructure, machines and equipment and corporations whose values are heavily weighted in tangible assets, such as resource stocks. The prices of such real, tangible assets would be bought on the cheap due to their ongoing suppression, or at least that would be the Illuminati’s hope, but we see most of these items skyrocketing long before the elitists get their fill of these goodies. Many nations with large forex reserves, like China, Japan and Germany, and especially nations “friendly” to the US, such as Saudi Arabia, who would be hurt by lower oil prices, would be given free reign to invest in tangible, real assets of the US, and this ties in with the cessation of the FTC’s publication of statistics regarding foreign investment in the US as a cover-up for this huge flood of foreign money. These foreign investment reports allegedly were discontinued because such reports cost too much to produce, but essentially this is the same bologna we got from the Fed when they discontinued the publication of M3 to cover up their profligate issuance of money and credit.
All this money pouring into tangible, real assets from the sale of paper assets through dark pools of liquidity outside the view of the public and outside the view of non-insider institutional investors would then ignite a fresh round of wildly spiraling inflation. Such hyperinflation, compounded by direct monetization of treasuries by the Fed to bail out big commercial banks and other financial institutions, including Fannie and Freddie, and to finance burgeoning foreign trade and current account deficits caused by the cessation of foreign investment in treasury paper, would take us to a historical reenactment of Germany’s former Weimar Republic and today’s Zimbabwe. The dollar would collapse, along with our economy, and stock, bond and derivative markets would be devastated. The public, as usual, would be left holding the bag, precisely as happened in the days leading up to the Stock Market Crash of 1929 and the ensuing Great Depression.
As an aside, all insiders were warned early in 1929 when to get out (i.e. when the Fed was going to turn off the money and credit spigot) while all non-insiders were left like lambs for the ensuing slaughter. Rest assured that the elitists are planning a repeat of that rip-off, but on a much grander scale. During the Great Depression, FDR outlawed ownership of gold in the US, but elitist insiders were warned of this in advance and moved their gold holdings overseas. FDR then raised the redemption rate for an ounce of gold from $20 to $35, giving the elitist insiders an instant 75% profit, showing that crime does pay, and pay well, when you are a part of the group of reprobates and sociopaths who comprise or support the Illuminati. This type of treatment of public gold holdings will most likely not happen under the current scenario, because US citizens hold very little gold, the gold standard has been eliminated, and most of elitist gold holdings are now held overseas in any case, especially in Switzerland. Also, gold bullion holdings of the US treasury have all been stolen, leased, swapped out or otherwise compromised. That is why our so-called gold “reserves” have not been properly audited since 1954, and why they are referred to as “deep storage gold” in the US Mint’s and Treasury Department’s statements of account. Elitists may use their thousands of tons of failsafe gold, which, incidentally, they have acquired over the ensuing decades either by stealing them from national treasuries or by buying them at fire-sale prices such as the bargains made available through Gordon Brown’s sale of the UK’s national gold at the bottom of the market, to back a new regional currency for North America such as the proposed Amero once the dollar has been destroyed.
Getting back once again to Mr. Williams’ scenario, in order to protect scum-bag incumbents who always do whatever the Illuminati tell them to do because they are bought-and-paid-for or compromised, the elitists would attempt to support the dollar and prevent it from collapsing prior to elections. They would do this by temporarily stemming the flood of foreign investment in tangible, real assets located within the US and by getting certain nations like China and Japan to keep buying up treasuries by giving them sweetheart deals on such future investments in tangible, real assets located in the US, especially on real estate, infrastructure and investment in surviving elitist financial institutions and transnational conglomerates. Many Arab nations would break their dollar pegs, but would delay doing so until after elections based on promises of security for what will be their outgoing regimes once their economies collapse from cheap oil prices. This could be why Paulson and Bernanke are flying around the globe meeting with various heads of state, namely, to arrange all of the above.
Once the new round of hyperinflation got started, the dollar would be destroyed and replaced with a new currency such as the Amero which would be the de facto start up of the North American Union which the elitists continue to vehemently deny is a work-in-progress for the US, Canadian and Mexican governments.
During the ensuing financial conflagration, the elitists would attempt to nationalize many industries, and take control over the regulation of the entire financial sector through the Fed or its super-nasty successor which may well be planned by the Illuminati. Civil unrest may ensue in the US, and this would be used to increase police state powers, perhaps through the implementation of martial law, which has all been set up in the Patriot Acts and the Military Commissions Act. Off to the concentration camps will go all the truth-seeking and truth-disseminating troublemakers while the rest of the sheople are led blindly around with a ring in their nose to wherever the elitists decide to take them. The troublemakers have already been identified by the CIA, NSA, Pentagon and FBI using Project Echelon and scads of illegal wire-taps and other nefarious spying techniques which the Bush Administration has rampantly implemented in pursuance of a surveillance society and Nazi-like police state. The end result that is planned is a corporatist, fascist state that would make Mussolini and Hitler green with envy. Next comes the elimination of the “useless eaters” and the creation of Plato’s vision, which is George Orwell’s “1984″ on steroids, the ultimate worldwide feudal system.
The above scenario is not without its problems, however. Lower oil prices reduce elitist profits, and could put a big hit on struggling elitist financial institutions that are exploiting the Enron loophole and cheap credit from the Fed to save their balance sheets. However, once the Illuminati control the world’s oil, they can price oil as high as they like using whatever excuse suits them at the time, just as they have done for decades. But control over oil in Russia and Indonesia may be problematic, since these regimes are not typically friendly to US interests. Further, confrontations may occur with China, India and other big oil importers who may feel that their continuous supply of oil would be under constant threat if the Illuminists controlled most of the world’s reserves, and some of those big oil consumers may try to cut deals with the bankrupted nations in OPEC as a failsafe against Illuminist control assuming that such bankrupted nations are able to shirk off Illuminist attempts to take them over. This may entail much war and conflict, which the financially strapped US is unable to handle with its stretched-to-the-limit military. Also, civil unrest and protests may get out of control in the US and abroad and the Illuminati may get a much bigger backlash than they are planning. People are going to get wise to what has been done to them, and a good number of them are going to do something about it. Many Illuminists may start to disappear without a trace if people start to get their dander up, and the civil unrest may spiral beyond elitist control. Further, the Illuminati are very vulnerable due to the credit-crunch, asset-backed derivative and real estate debacles plus the inevitable addition of a quadrillion dollar, smoldering caldera of interest rate and credit default swaps. Also, what would happen if certain nations did not cooperate, and started to by precious metals and commodities with their sovereign wealth funds or broke their dollar pegs too soon. It’s not as easy as it might first appear, and we can always count on the forces of “Chaos” to show the same acumen as those in the old “Get Smart” series, so the Illuminati really have their work cut out for them. We believe they will ultimately fail, and that world government will once again become a far-in-the-future objective for the would-be lords of the universe.
If you don’t own gold, silver and their related shares under the Williams scenario, you will quite simply be vaporized.
The rollover process for COMEX gold futures got underway this week, which is why gold is showing some weakness, in addition to lower manipulated oil prices and dead-cat PPT dollar rallies that will soon peter out. This process will be complete by the end of July, and then its Katie-bar-the-door against the explosion in precious metals prices. Earnings will continue to disappoint, the credit-crunch will worsen, bank failures will continue to occur, the dollar and assets denominated in dollars will continue to be shunned, ardent de-leveraging will continue unabated keeping pressure on the stock markets, the real estate market will continue to worsen and derivatives will soon implode as inflation spirals out of control, consumer spending drops into nothingness and real interest rates continue to rise, giving rise to a potential bear market in bonds that could bring the whole Illuminist financial house of cards tumbling down as their main source of power explodes and goes down in flames like the Hindenberg. The Fed continues to be irrelevant because their power over real interest rates is greatly diminished. The Fed’s governors are boxed in and cannot get out, as their European counterparts take rates in the opposite direction the Fed governors would really like to go if it would not stoke inflation in the process. The fraudsters will continue to fail, and the sheople will continue to bail, unless we rise up and do something about it. Throwing out all incumbents would be a good start.
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