In the years 2006 and 2007, the underlying stability of the global economy and the U.S. credit base in particular was experiencing intense scrutiny by alternative economic analysts. The mortgage-driven Xanadu that was the late 1990s and early 2000s seemed just too good to be true. Many of us pointed out that such a system, based on dubious debt instruments animated by the central banking voodoo of arbitrary fractional reserve lending and fiat cash creation, could not possibly survive for very long. A crash was coming, it was coming soon, and most of our society was either too stupid to recognize the problem or too frightened to accept the reality they knew was just over the horizon.
The Federal Reserve had cheated America out of an economic reset that was desperately needed. The 1980s had brought us utter destruction disguised as “globalization.” Our industrial center, the very heart of the American middle class that generated enormous wealth and decades of opportunity, had been dismantled and shipped overseas to the lowest bidder. It was then that the U.S. economy actually died; we just couldn’t see it. From that point forward, Americans were fully dependent on the charity of central bank money creation and international bank lending standards. The collapse that should have occurred in the 80s was delayed and thus made more volatile as the Fed artificially lowered interest rates and allowed trillions upon trillions of dollars in dubious loans to be generated. Free money abounded, and average citizens were suckered royally. Their greed was used against them, as they collateralized homes they could not afford to buy more crap they didn’t need. Of course, you know the rest of the story...
Today, credit markets remain frozen. Lending is nowhere near the levels reached in 2006. The housing market is showing signs of life; but that’s only because most home purchases are being made by banks, not regular people, for pennies on the dollar, as bankrupt properties are then reissued on the market for rent rather than for sale. If you are lucky, maybe one day you’ll get to borrow the keys to the house you used to own. And, millions of higher-paying full-time jobs have been lost and then replaced with lower-paying part-time-wage slavery positions. The image of American prosperity carries on, but it is nothing but a cruel farce; and anyone with any sense should question how long this false image can be given life before the truth dawns.
The novice will question why it is necessary to re-examine all of this information. Is it not widely known? Am I not simply preaching to the choir a message heard over and over again since the crash of 2008? Maybe - or maybe it is time for us to finally apply some foresight given our knowledge of the recent past.
Why did 2008 creep up on so many people? Weren’t there plenty of economists out there “preaching to the choir” at that time? Weren’t there plenty of signals? Weren’t there plenty of practical conclusions being made about the future? And yet, the world was left stunned.
The truth is, human beings have a nasty habit of ignoring the cold hard facts of the present in the hopes of using apathy as a magical elixir for future prosperity. They want to believe that disaster is a mindset, that it is a boogeyman under their bed that can be defeated through blind optimism. They refuse to accept that disaster is a tangible inevitability of life that pays no heed to our naïve, happy-go-lucky attitudes. The American people allowed themselves to be caught off guard in 2008, just as they are setting themselves up to be caught off guard again today.
Again, the reality is clear; the Federal Reserve has propped up equities and bonds using money created out of thin air — so much so that both markets have become totally reliant and disturbingly addicted to fiat injections. The distribution of this fiat threatens the continued dominance of the dollar as the world reserve currency and will invariably lead to currency collapse and hyperstagflation. This process is much more likely to climax in the near term given the accelerated rate of quantitiative easing within our system to date and the accelerated rate at which our primary lenders (namely China) are dumping the dollar in bilateral trade with each other. The endgame is obvious, but I still fear millions of people within this country and around the world will be shell-shocked once again by a renewed crash.
The argument is always the same: “Yeah, things might get dicey, but it won’t be as bad as all the doom-mongers claim, and probably not for many years.”
Similar statements were made by naysayers before the Great Depression and before the 2008 crash. So why are the skeptics wrong again this time around?
The Stimulus Fantasy
Let’s put this in the simplest terms possible: Stimulus is now the lifeblood of our economy. There is nothing else sustaining our nation. Period. Stimulus in the form of bailouts and QE are keeping the stock market and bonds afloat. This means that the continued existence of equities, and the continued existence of healthy treasuries, and thus the foundation of our currency, our general economy, and a functioning (or barely functioning) government, is completely dependent on the Fed continuing to print.
In recent weeks, the Fed hinted at possible intentions reduce or remove stimulus measures, which would effectively shut down the life-support machine and let the patient drown in his own fluids.
http://money.cnn.com/2013/06/19/news/economy/federal-reserve-stimulus/index.html
http://www.reuters.com/article/2013/06/14/usa-imf-lagarde-idUSL2N0EQ0QI20130614?feedType=RSS&feedName=marketsNews&rpc=43
Day traders and common investors are not very bright, but they do understand well that no stimulus means no stock market and no bond market. In response, indexes have become erratic, shifting on the slightest rumor that the central bank might continue QE for a little longer. Pathetically, the Dow Jones now rallies upward whenever bad financial news hits the wire, as insane investment groups pour in money in the hopes that dismal economic developments might cause the Fed to extend the bailout bonanza.
In our modern nightmare era of hyper-centralized economy, one word or rumor from Ben Bernanke now determines whether stocks dramatically rise or fall. This is NOT the behavior of a healthy and vibrant fiscal system.
The anatomy of American finance and trade has been horribly mutilated; and clearly, such a monstrous creation cannot last. Stocks are supposed to perform based on the true profitability of individual businesses as well as the political and social health of the overall culture. The wild printing of paper money by private banking magnates is not a catalyst for a successful economy. Whether the Fed actually ends QE is ultimately irrelevant. No fiscal structure can survive when it abandons fundamentals for fantasy. Either QE continues, becoming less and less effective in staving off negative results in equities, inspiring a flight from the dollar leading to a crash, or QE ends, exposing the inevitability of negative results in equities, leading to a crash. If the Fed ends stimulus, the process of collapse will merely take place slightly faster than if stimulus remains.
But every historic economic crisis has a defining moment, a moment in which the tide turned overwhelmingly sour for a majority of the public. The question now becomes what, exactly, will trigger the avalanche?
Precious Metals Signal Secret Shift To Asia
As I have discussed in numerous articles over the years, China's shift away from the U.S. consumer and the U.S. dollar is well under way. Over half of the world's major economies now have bilateral trade agreements in place which remove the dollar as the world reserve currency in trade with China and the ASEAN economic bloc. China is issuing trillions in Yuan and Yuan denominated bonds around the globe, setting the stage for a higher Yuan valuation and allowing Chinese consumer markets to replace American consumer markets as the number one driver of manufacturing in export countries. At the same time, China has increased its purchases of precious metals exponentially to the point that the nation is now set to become the largest holder of gold and silver in the world in the next two years. This is clearly in preparation for a currency crisis event...
The buying spree in Asia seems to directly contradict the "paper market" value of metals in recent weeks. Demand for gold and silver has only increased throughout most of the world, even in light of Federal Reserve suggestions that QE might end. Manipulations within metals markets by the CME and JP Morgan explain half the story, but there may be another issue at work.
It is very possible that the COMEX is now essentially broken, and that gold and silver ETF's (paper gold and silver) are decoupling from the street value of physical metals during the last gasp of a failing system. In the near term, I believe that premiums on physical coins and bars will skyrocket, even as the official market prices of those metals is held down. At the same time, China, Russia, and other countries heavily invested in gold may break from Western COMEX valuations completely using their own metals markets to establish their own prices.
As the dollar loses its world reserve status, the countries holding the most physical gold in their coffers stand to weather the storm most effectively, and because U.S. gold stores have never been officially audited, we have no idea if America has any reserve whatsoever.
Crushing Energy Prices Coming Soon?
While China continues a careful strategy of decoupling from the dollar and the U.S. consumer through bilateral agreements and trading blocks, another issue is arising: the issue of energy. I would like to note that despite globally diminishing oil demand caused by the 2008 credit collapse, gas prices have experienced little to no deflation. I would also like to note that after the Federal Reserve hinted at shutting down QE, oil was one of the few commodities that continued to rise.
http://www.bloomberg.com/news/2013-01-18/u-s-oil-demand-falls-to-16-year-low-api-reports.html
This has not been caused by a lack of supply, as many American-based companies ramp up production. (I am aware of all the arguments behind peak oil. As soon as a peak oil proponent can show me an example of oil demand not being met because of a legitimate lack of supply, then I’ll be happy to consider that peak oil is the main cause of price increases.)
http://www.bizjournals.com/sanantonio/blog/morning-edition/2013/06/us-oil-production-up-as-global.html
The fact is current regressive global demand and ample supply should have led to lower gas prices, not higher. If speculation was the cause, then price shifts within the oil market should have been far more volatile, with increases lasting weeks or perhaps months, but certainly not years. The only plausible explanation for this kind of commodity activity is a weakening of the currency it is directly tied to. The petrodollar is slowly but surely coming to an end.
I believe the next market exodus may be triggered by the weakening effects of stimulus (or the removal of stimulus altogether) along with extreme energy prices cause by steady inflation and a global political crisis in the near future.
China, being strangely and consistently prophetic when it comes to economic calamity, has recently established an astonishing oil trade deal with Russia, which plans to supply China with an alternative petroleum source for the next 25 years. (This news went almost completely unnoticed by the mainstream media.)
http://www.forbes.com/sites/kenrapoza/2013/06/22/russia-inks-big-china-oil-deal/?partner=yahootix
Now, keep in mind that in 2010, China and Russia signed an agreement completely removing the U.S. dollar in bilateral trade. The dollar has been the world reserve and the only currency used to purchase petroleum for decades. The Russia/China oil deal changes everything. It sets a trend toward the removal of the petrodollar function of the Greenback which ultimately destroys any credibility the currency has left. This news flies in the face of dollar proponents who consistently claim that the dollar's ties to oil make it invincible. Apparently, there are some weaknesses in the armor.
Ongoing social unrest in Egypt has also made oil markets jumpy, being that the Suez Canal oversees the transfer of a significant portion of the world’s oil shipping. Clearly, there are two opposing factions within the country vying for power, and regardless of who is best suited to U.S. interests, the Egyptian people overall have no love for the West. There is a distinct chance of a shooting war, similar to Syria, in the coming months in Egypt.
Meanwhile, the engineered conflict in Syria continues to go exactly as I predicted in my article 'The Terrible Future Of The Syrian War'.
http://www.alt-market.com/articles/1535-the-terrible-future-of-the-syrian-war
Syria remains an explosive trigger point for regional war which will, in the end, draw in Iran and result in the closure of the Strait of Hormuz, which annually handles the shipping of about 20 percent of the world’s oil. All trends point toward higher gas prices over the horizon, and the U.S. economy is barely able to survive on the cost of energy we have today.
So Close They Can’t See It
Reduced stimulus combined with adversely high oils prices may very well be the tumbling boulders that bring down the mountain. We are close now. Beyond the undeniable economic factors, the very fabric of American government is crumbling. Corruption is openly rampant. Scandals are exposed daily. The establishment leadership is unapologetic and grows even more despotic with each truth that escapes into the open air. They are becoming MORE bold, not less bold, and those of us who seek transparency in all things, from politics, to economics, to surveillance, are being attacked as the source of the problem rather than the solution.
Collapse, from a historical perspective, seems to occur when the searchlights of the individual mind are dimmest, when the threat is the greatest, and when we are most comfortable in our ignorance. In 2008, the U.S. public was mostly oblivious to the danger, and they were painfully stung. Today, I hope that the liberty movement, the alternative media, and alternative economic analysts have created a window of opportunity by which millions of people can this time see the writing on the wall and prepare accordingly. At this point, there is no question that Americans have been warned. Whether or not they pay heed, is out of our hands.
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written by Sergio , July 12, 2013
Aside from the calamity of smashing headlong into an economic brick wall, the most frustrating thing about all this Keynesian obfuscation is a lack of clear economic data on which to make decisions.
Unemployment rates, equity and bond prices, and even fiscal budget figures are next to worthless when drowned by a sea of monetary stimulus.
In the end, the message still gets through - sadly. When you can't see the truth anymore, it says that falsehood rules, and that in itself is useful information.
written by Sergio , July 12, 2013
Should also mention a thought about timing.
When I first got involved in the 'Liberty Movement' (and all that goes along with being a prepper/patriot) in 2009, it seemed as though the world might come crashing down at any time.
In reality, we're still here four years later, licking wounds and limping along.
Throughout that time, numerous websites and blogs have been calling for the endgame, making predictions for weeks or months into the future.
All have, so far, come and gone.
If there is one takeaway from this experience, it is that the system tends to be more resilient than many give it credit for.
Beneath all the largess, there beats the heart of something good - the desire for the rule of law, an industrious drive toward prosperity, and hope.
If anything has kept this system alive, it is the good things which are increasingly being taxed and sheared for the benefit of the Over/Under State (or Oligarchs and Welfare Recipients).
When these things are finally overwhelmed by the system; when interest payments are bigger than tax revenues; when takers outnumber producers; when the center cannot hold we will see an angry transition into an overt state of violence.
Who knows how long before that happens?
The track record of those making predictions on how long the goodness of this country can endure has so far been poor.
Maybe the real question is, how long will God sustain this country by his grace?
written by Believer Patriot , July 12, 2013
The (relative) calm before the storm...
Keep bringing it Brandon
written by DiMarco_iustitaomnibus , July 12, 2013
I was concerned the Falseflag Boston event would have been utilized to declare martial law as a simultaneous market crash ensued....
There have been many events, that in combination with a market collapse would signal 'this is it' epiphanies many are on the watchtower looking out for.
Nonetheless, the vigilant keep a weather eye on the horizon and prepare as time/resources allow.
Are we simply being BOILED longer than anticipated or perhaps the NWO Chefs are not so in control as credited?
Either way, if you are here reading this, i assume your eyes are already open and know others are here to hopefully reclaim our Republic and perhaps our humanity to strive for a more perfect union in the near future, with Liberty for all.
written by Nehweh Gahnin , July 12, 2013
Another great piece, Brandon. Thank you.
I have commented previously stating that I am in broad and deep agreement with you on most of what you address here at Alt-Market, with few exceptions. One of those exceptions has been the peak oil issue. I will now take the time to address that.
I buy into "Peak Oil." At one time, I was of the mind that peak oil alone could and would bring the whole house of cards down. However, I now think that is highly unlikely at this point.
Peak oil is, at its core, conceptually a long-term devolutionary process. When you suggest that proponents should show you "an example of oil demand not being met because of a legitimate lack of supply," you refer IMO to a symptomatic condition that is not yet manifesting, certainly not on any systemic level. The fact is that there will always be oil and gas in the ground, and it can and will always be supplied, at the right price. (At the time I'm writing this, the price of crude is $105.66/$108.74 - WTI/Brent.) Fossil fuels have been used for thousands of years, but their use accelerated radically with the application of drilling techniques to oil extraction in Titusville, PA in 1859.
Here is the central thrust of the peak oil argument. Before Edwin Drake and George Bissell drilled that first well, Bissell was collecting and refining rock oil from surface seeps. Drake's idea of using drilling (which he borrowed from artesian water-well drilling) to extract the oil without waiting for it to come to the surface greatly accelerated its extraction. That first well hit oil at 69 feet. The cost to extract that oil increased in absolute terms, but the production increased in exponential relative terms. But, as with the difference between surface-seep oil and drilled oil, the technical difficulties of extraction rose, and they have continued to rise, as engineers and drillers have been required to drill deeper, more innovatively and in harsher conditions in order to continue production. As a result, the relation of cost of production to energy "produced" has reversed, so that now, the costs are increasing faster than any increases in production, and in most of the major historical fields, production is declining rapidly in real absolute terms, regardless of the technology used.
I am sure you know all this, but the trajectory of this exposition is to show that an inability to supply is not the issue. The issue is the inability to maintain supply at any realistic or sustainable cost. And this brings me to my point, here.
I no longer think peak oil will manifest as a substantial factor in the collapse that I agree is coming. The reason is that this collapse will be -- as your piece above wonderfully sets forth -- due to the gross dysfunctions of our economic, political and social structures. In fact, I postulate that the collapse will either indefinitely delay peak oil's conclusion or render it immediate and moot, depending on how you approach it. That collapse is far more imminent than a discontinuation of oil production due to cost-efficiency concerns.
On the one hand, I anticipate that a collapse will entail systemic disruptions for most of society in terms of energy delivery, distribution of food and water, and in the ability (or willingness) of the political entities to tackle the epidemics and violence that will attend those disruptions. The cost of oil in the broad consumer markets becomes irrelevant in the event it cannot be reliably delivered. Pipeline and transport disruptions are a certainty, whether through war and violence and sabotage, or through simple decay of unsupported systems. For most people (at least those who survive the first year), this will be their reality. Oil that would otherwise be recoverable at a nominally efficient EROEI will nonetheless stay in the ground.
On the other hand, cost is also irrelevant for regimes bent on the use of force, oppression and theft to maintain power. When Allied attacks cut off Nazi oil supplies from North Africa, Iran and the Caucasus, the Nazis ramped up synthetic fuel production, using forced labor to operate the facilities, and the panzers kept rolling for awhile. Make no mistake, if the U.S. follows through with its war plans, they won't care what it costs to extract a barrel of oil. Again, cost is irrelevant where the market is not free, and although we have little in the way of a free market now, it will be far less free in the future. Oil will be allocated to the military-industrial complex and its servile components. Prisons, policing, some transportation infrastructure, surveillance and media control mechanisms, and controls over water and agricultural resources will not only be prioritized, they are prioritized now. In this context, the EROEI factor becomes meaningless.
Ultimately, I do not foresee or project (or even hope for anymore) a future where we rebuild civilization. By the time this collapse spins out, not only will we be unable to bring the complex oil extraction systems back online, we won't even understand why we would want to. Suburbia will be dead and gone, along with fast food, SUVs and video games. Oh, and one heck of a lot of people.
Love your work Brandon.
written by Brandon Smith , July 12, 2013
@Paul
Those trade pacts are entirely dependent on the fantasy of America's ability to maintain its debt obligations, and they do NOT ensure that the dollar will remain as the world reserve. Trade pacts can be dropped more easily than a marriage. I highly suggest you look into the statements made by insiders like George Soros on the deliberate shift of economic power to Asia. It is foolish to assume that the dollar will remain the primary global trade mechanism when the rest of the world is clearly moving away from it, and when the only way for American stocks and bonds to survive is for the Fed to print to infinity.
written by Al Kipf , July 12, 2013
Well done Brandon, as always. Thank you.
That the state props itself up with lies, obfuscations, double speak and falsified data should be proof enough that something is terribly wrong. Those that choose not to see this are living in a world of fantasy or denial.
written by Phil Tripp , July 12, 2013
Brandon,
Fantastic article! You summed up, very eloquently, the entire shitstorm we are facing on many fronts. It is going to get very ugly.
Bravo, to the comments from Nehweh Gahnin. Rarely, do I see Peak Oil written about so accurately and concise. Mr Gahnin truly understands the greatest threat to the world since mutually assured destruction from nuclear war.
Virtually everything in the room you are sitting, while you read this, has some component that fossil fuels are responsible for.
Metals, plastics, electronics, food, transportation, heating and cooling, electricity, road pavement, food production and transport, fertilizers and many more all have some component derived from fossil fuel or used the energy from fossil fuel to produce it.
The past 150 years of the world's industrial and population growth has been possible by a matching growth in the production of very cheap oil, coal and natural gas. Cheap and abundant fossil fuels are what made this all possible.
Now that the cheap stuff is in decline, the world must turn to more expensive production methods and that is the core of the doom we are facing. The world has run on cheap energy for the past 150 years. That era is over. Mr. Gahnin understands that and the enormous pain our world will suffer as the ramifications of "peak cheap oil" are felt.
Since everything comes from or uses fossil fuels, when the cost of those fuels goes way up, the very foundation for the world economy that relies on cheap energy must collapse. This is indeed the end game for civilization as we have known it for the past 150 years.
written by mdc , July 13, 2013
It's all by design. You cannot have a country of people armed and holding onto what remains before the global plan of enslavement.200+ yrs, Rome should be proud.
written by Dave S. Nottier , July 13, 2013
"As soon as a peak oil proponent can show me an example of oil demand not being met because of a legitimate lack of supply, then I’ll be happy to consider that peak oil is the main cause of price increases"
This line of thought is exactly why you misunderstand "Peak Oil."
The rich doper said, "there's drugs all over the street - no problem with supply," as he gets head from the starving crack whore.
Meanwhile the crackwhore's wife is literally scraping the bowl for Shale and shit at home, waiting her husband's return.
"no one saw this coming" said the rich doper, a day later and a dollar shorter...
written by Brandon Smith , July 13, 2013
@Dave
Yes, truly a brilliant summation of Peak Oil. Surely, you have convinced me of the theory's viability.
However, you never answered my question. WHERE is this so called scarcity? Where is demand for oil not being met amply? If there is scarcity, then someone, somewhere, is not receiving the "dope" they desire, right?
written by Bradley , July 13, 2013
Scarcity of any commodity should, in theory, be able to be measured by price fluctuations over a predictable period of demand.
Oil is a fairly elastic product - there are no readily available substitutes - which means that demand levels may stay fairly constant even as price increases.
written by Brandon Smith , July 13, 2013
@Bradley
However, it would be illogical to simply assume that "price fluctuations" are an immediate sign of scarcity itself. The ONLY measure of true scarcity (peak oil) is a lack of supply where demand is present. Period.
written by Steve B. , July 13, 2013
As Brandon notes in his additional comment to his sterling analysis, Soros has indicated that there is a shift to Asia. He should know as a Rothschild prime front man, the Rothschilds being world's top banker. As in who runs the show in the world especially America and its Fed puppet Bernanke. The Fed is owned by the bankers, cheifly the Rothschilds and their banker brothers. Global corporations and bankers have no country, nationality or allegiance except to their own psychopathy. Quigley in Tragedy and Hope (CFR historian) said the plan was a "world feudal state" run by global corporations and bankers with a one world currency. So all the currencies are wrecked to bring this about with the attendant economic collapse. Nothing fortuitous here. The plug on America is being pulled and we are close. Brzezinski noted long ago (Between Two Ages/The Technotronic Era) that control of Eurasia would bring in the New World Order. So American military power is used to bankrupt the country as well as secure the crucial Middle East area which ties Europe to Asia. That done, America collapses and Euroland and Asia unite--see the "prescient" analysis by the Freemasons at GEAB/LEAP 2020, who fully know the script so they "predict" events like sages. There are gated communities full of white western globalists and bankers in China as they set up shop there. The American military bases will be occupied by the New World Order, including Chinese and Russian troops. My son actually knew the daughter of the Asian chief of Johnson and Johnson, who confimed this.
The new currency swaps are being used to destroy the dollar, all by desgin with the globalists and bankerfs, so to me the hyyperinflationary outcome looks like the plan.
Footnote: peak oil is a fraud. See William Engdahl's review of this issue. Also, Lindsey Williams's Atlantic Richfield CEO told him that oil was abiotic and that there are TRILLIONS of capped barrels at Gull Island where Williams was the chaplain when oil was discovered there in the 1970s--and capped until today. They are very open about the fact that just a few people run the world and that America is merely a useful idiot in the process.
The people will sleep until TSHTF, as Brandon notes.
written by j. vincent nix , July 13, 2013
Are you aware that China is doing everything it can so that the dollar does NOT collapse? Look at the past few weeks... the dollar has strengthened against the RMB, and MANY Chinese officials and investors are buying dollars again.
How does that fit into this article's predictions?
written by Brandon Smith , July 13, 2013
@Vincent
You must not have been paying attention for the past 8 years or so. The Chinese are biding their time while they quietly decouple from the U.S. dollar. As I have shown again and again in numerous articles, the Chinese are establishing bilateral trade agreements which REMOVE THE DOLLAR as the reserve trade mechanism with major export and import nations.
How does this FACT fit into your fantasy that the Chinese will stand by the dollar and that it will not collapse? You think that a minor increase in dollar purchases over the course of two weeks actually makes up for the vast number of dollars dropped in bilateral trade? Try to use your head more in the future...
written by Steve B. , July 13, 2013
The pieces are being put into position to take down the dollar, as with the China currency swaps. BUT it is NOT yet time, as the Middle East has not yet been 'standardized' for NWO takeover via full regime change using Muslim Brotherhood and other chaos techniques. So China must continue to support the dollar at this time as a player. Controlling all sides means controlling the timing and outcome, as in "you can't lose.". The Rothschild banks funded both the Allies and the Nazis in WWII. Can't lose, right? Though it was always intended that Germany would be eviscerated, as this was essential for the european Union to be enabled. The OSS report by Langer (written for Wild Bill Donovan) said Hitler was a Rothschild (Frau Schicklgruber was a servant in the Rothschild Vienna house and Herr Hiedler's fathership could not be established so young Adolph went by the name of Schicklgruber for quite some time)--and he isn't alone. Recall that the Middle East has to be utterly pacified via "order out of chaos," which is societal, cultural and political destruction--Mao was David Rockefeller's man in China to bring that "standardization"about there and the Opium Wars were the beginning of the process. Mao was trained by Bertrand Russell, a member of the Committee of 300 according to John Coleman and in any case a Fabian socialist operative of Chatham House. When the Middle East is finished, watch the dollar die and the world economy collapse. Libya and, now, Syria are proving more difficult than anticipated. Syria will surely go down in time and then the collapse can ensue (Iran is a curious case here, as Khomeini was on record a CIA/MI6 operative--so what's the story there today and how will that play out?).
written by The Parashootman , July 14, 2013
First off - great article.
Not sure of Vincent's history on this site, but do you think you were a bit harsh on him? He merely pointed out a recent observation and asked a question. Maybe he doesn't have your insight. Maybe he's just beginning to research into this topic. Maybe he just stumbled upon your website. Maybe none of this is true, but wow. You just bit his head off for asking a question Brandon.
written by Brandon Smith , July 14, 2013
@Parashootman
There is such a thing as a stupid question. All Vincent had to do was verify my points on bilateral trade and dollar removal, but instead, he decided to make a stab at thinly veiled criticism, as if I was not already aware of China's current dollar investments. America is on the verge of collapse, and every person in this country has had at least 5 years to become aware of what is going on. Anyone who refuses to acknowledge the obvious at this point is, in my opinion, a waste of space and oxygen.
The kid gloves need to come off, and sometimes, a little shame does the more ignorant among us some good.
written by The Parashootman , July 14, 2013
I don't disagree with you. I do think we need to remember what it was like before we were all versed in these topics, spent hours researching them and began preparing for them.
I still remember the first time I stumbled across neither corp and had no idea about any of this. Because of your continued great work and the time I've spent doing my own research and analysis, my eyes have been opened! I thank you for that most. You've altered my worldview and changed my family's life. We are not scared.
That doesn't mean however, that I didn't have questions like Vincent's when I first began this journey. Did I post them here? No. That's not really the point though.
I just want us to encourage those that have questions about this topic to continue their own research and not be discouraged. I can only imagine what it's been like for you the past few years constantly dealing with doubters and haters and ignorant people. It must be difficult to stay tactful all the time and I don't blame you for that. I guess my point is that I don't want us to turn away or turn off anybody from continuing their journey because of a stupid question. I want to believe Vincent and people like him are on your site because, at least on some level, your words speak to them. Maybe I'm being naive and Vincent is just a giant moron, but I want to give people like him the benefit of the doubt and keep the hope of change alive.
Keep up the GREAT work Brandon.
written by Brandon Smith , July 14, 2013
@Parashootman
I think it is Vincent's snide approach, rather than his question, that is the problem. But, I appreciate your position, and I agree that every one of us started out at one time or another with little to no understanding of the basics. My only expectation is that people do a little research on a viewpoint before they attack it. If every American did that one thing, this country would be a far better place today.
written by Big Al , July 16, 2013
Excellent article Brandon, as always. Like Thomas Jefferson said, " Banking institutions are more dangerous to our freedoms than a standing army". The sway of power and the greed to accumulate wealth beyond imagination is at the root of all our problems, not to mention that God has been shown out the door.
written by William Hunter Duncan , July 16, 2013
Peak Oil is the point at which you have to keep the price of oil @ $100/brl to pay for all that hideously destructive fracking, tarsands, deep water activity, to maintain baseline supply. You either keep it at $100-ish, or noboby makes any money. Which also conspires to create demand destruction, which means a further increase in price hammers demand, while a collapse in price destroys the capacity of the industry to frack, etc.
Which, what is the real cost of pumping fracking fluids into the aquifers of half the nation, in the exploitation of oil and gas? How about having to gather water from the sky only, because the surface waters and below ground are all severely polluted - in a time of radically shifting climate patterns?
written by Brandon Smith , July 16, 2013
@William
And where is your evidence that fracking is now the primary source of oil production? Where is the lack of supply from the Middle East, or Russia, or Africa, for instance? What demand is not being met by standard oil production?
Again, where is the scarcity? For prices to rise based on scarcity, someone, somewhere, MUST have a demand for oil that is not being met. WHERE ARE THESE PEOPLE? Show me on a map.
Why can no peak oil cultist answer this simple question? And why can no peak oil cultist fathom that perhaps, just perhaps, price increases are being caused by dollar devaluation, and that their entire religion of peak oil is based on a con designed to distract the masses away from hyperinflation?
Also, William, it is not surprising that you believe in the now debunked Climate Change con as well, since both Peak Oil and Global Warming were designed by globalist interests at the Club Of Rome in order to terrorize dupes like yourself with false environmentalism, and get you to go along with their agendas of population reduction and energy dominance.
written by William Hunter Duncan , July 18, 2013
Dupe? Con artist? Cultist? Advocate for population reduction and energy dominance? How about you try flinging some more shit at me, to see if it sticks?
How about peak energy, then. Seven billion people adding 80 Million a year? If you want to persist with the fantasy of unlimited growth, go ahead. If you want to imagine oil is infinite, abiotic, whatever. Climate Change is Debunked! I'll say again, as I've said before, I don't think you give a damn about the health of the earth or it's people.
I'd say you know jack about the Club of Rome, but whatever. As for fracking being our primary source, where'd you get such an idea that I would ever say such a thing? I said basically, if oil were unlimited like you seem to think, we wouldn't have to be fracking above aquifers, gouging it out of the surface like they do in Alberta, or attempting to drill in the Arctic, or in ten thousand feet of water.
Finally, as for Peak Oil, it shouldn't take a child to get that if you have a fixed amount of apples and oranges, sooner or later you are going to run out.
written by Brandon Smith , July 19, 2013
@William
You still haven't answered my question, which tells me you don't have the answer. And if you don't have the answer to that very simple question, then your position on Peak Oil is essentially irrelevant.
Show me WHERE in the world demand for petroleum is not being met. Where?
Also, where is your proof that oil is a fixed resource? There is plenty of evidence to suggest that the creation of oil is an Abiotic Process, a cycle like volcanoes and rain that functions perpetually. Old oil wells have been found replenished in the NE United States, and new wells are found yearly. Again, if you can't back your position with facts, then you are basing it on pure faith and assumption. This is what a cultist does, or a child, not a logical adult thinker.
I care about REAL environmental issues, not fake issues created by a bunch of elitists seeking to frighten thick headed people into going along with their agenda. By blindly following the lies of Peak Oil and man-made Climate Change, YOU are hurting the Earth, because you are wasting your time and energies on false notions rather than legitimate issues. It's sad.
written by William Hunter Duncan , July 21, 2013
Where in the world is a demand for oil not being met? How about Japan? How about the whole of Africa? Surely many of the people of Japan and Africa would appreciate more oil than they have access to. Not to mention the whole of Europe. You think the English wouldn't like to find a Gwhar field under the Tower of London about now?
You might want to back your assertions that oil wells in the NE are refilling, with something resembling evidence. LOL. Abiotic! Anything like 85 million barrels a day, what humanity is using about now? If that's the case WTF are we doing fracking, etc for?
As to your last paragraph, yeah, the end of easy oil and radical climate change isn't anything like a legitimate issue. OK bubble boy.
As for those other serious issues, like the evisceration of the Constitution, or the increasingly police/facist State, or High Finance looting of the global economy, etc, there's a lot more cross-over between you and me than that shit you flung in an earlier comment would suggest.
BTW, I do think you care about the earth and it's people, or I wouldn't bother. I just think you are getting carried away by your own BS.
WHD
written by Brandon Smith , July 21, 2013
@William
Where in Japan is demand not being met? Show me a specific example. Where in Africa? Where in Europe? Show me where specifically people in these countries are lined up for gasoline and not getting any. You clearly have little to no grasp of the concept of supply and demand.
And yes, petroleum has even been found on other planets, including the moon Titan:
http://www.space.com/4968-titan-oil-earth.html
Where did this oil come from? Dinosaurs? I think not. This is hard evidence that petroleum molecules are produced Abiotically. If you had ever done any research outside your own cultism, you would have already known this information.
And yes, older oil wells have been found replenished all over the world:
http://www.viewzone.com/abioticoilx.html
As far as climate change goes, show me the source data for NASA and the CRU's experiments on global warming. Show me the proof that what they say about man-made global warming is true. You'll never find the source data, because even after hundreds if not thousands of FOIA requests, climate "scientists" still refuse to release it to the public. Why would they be afraid to release their own data to the public for scrutiny unless it was all garbage?
Again, William, you have been duped. You're no different than a 9/11 dupe, or a Federal Reserve dupe, or a Boston Bombing dupe. You continually refuse to answer my questions with any specifics, so I have to say that there is little purpose to discussing the matter with you further. If you are comfortable in your ignorance, then nothing can be done to help you.
