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(VIDEO)Lindsey Williams dire economic forecast coming true
http://revolutionarypolitics.com/?p=206
In a July 2008 broadcast on the Alex Jones radio show Lindsey Williams, author of “The Energy Non-Crisis” and former Chaplain on the Trans-Alaska oil pipeline told about his conversation with an un-named insider about the IMF’s plan to crash the world’s economy by flooding the world oil market with cheap oil. When most experts were predicting oil to get to 200 dollars a barrel, Lindsey Williams said he was told that oil would be as low as 50 dollars a barrel. Recent oil discoveries (Reuters article) along with falling oil prices seem to be backing up his claim. Mr. Williams also predicted that John McCain would be their man in the White House, even if “an event” would have to be staged to insure that happens. Other guests include Dr. Stanley Monteith and Bob Chapman of the International Forecaster.



Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?



Comments
Wrong, wrong, wrong!
tenthmanOle Lindsey's in the business of making and selling DVDs. If you want to understand why oil's heading south (besides the threatened recession), take a look at this:
http://www.evworld.com/news.cfm?page=news&newsid=19442
http://www.chinacartimes.com/2007/10/11/byd-to-mass-produce-electric-car/
http://online.wsj.com/article/SB122392773358329717.html?mod=googlenews...
The Chinese have moved their timetable for marketing their ALL ELECTRIC (not a hybrid) automobile up by 7 or 8 months. What do you suppose that will do to the demand for oil?
Once in production it could affect it
BoDeeDoeYour theory is that oil prices are dropping in advance of this new electric car? This is the first I've read about this. From what I have read the reason is a current supply and demand issue. Supposedly the hurricanes didn't affect production like what was speculated and so there is an increase in supply. This may be partly true. My theory is there is more oil in the marketplace from new sources coming online. Here is one: http://www.reuters.com/article/marketsNews/idUSLG45874620081016?pageNu...
You're probably right
tenthmanYou're probably correct Bo ... I know that the Russians have become the most productive oil producers on the planet...and just a few decades ago they hardly had any. Deep drilling for abiotic oil is what generated the turn-about. There is no shortage of oil...and there never has been!
I had read 7 or 8 months ago (and I didn't keep the article) that a big shot in the oil business had said that oil should be selling for around $50 (at the time it was going for quite a bit more), so it was driven higher for reasons other than supply and demand.
My position is this...as soon as the gamblers realize that oil is on it's last legs as far as humanity needing it in the quantities that they have presupposed, the price will collapse. It will eventually come to a price that balances TRUE supply v demand. After that, fluctuations in the value of national currencies will determine prices.
This leads one into the question of how do we build a strong national currency? My response is dump the federal reserve system (modern day slavery) and fractional reserve banking and issue our own currency...and re-build our nation's manufacturing base.
A lot of the online newssites seem to focus on our eventual demise as a sovereign nation...and this isn't necessarily so. With oil factored out of the equation, people will be free from paying extortionist type prices for transportation...people will be free to power their homes with generators that are driven by the same things that are powering their cars. It will be a very liberating experience...and productivity, and innovation will flourish...generating jobs galore! We are NOT DOOMED unless we, ourselves, give up and surrender! Good times are just around the corner...we just need to shake free of the grip that big oil has had on us!
I couldn't agree more
BoDeeDoeThis leads one into the question of how do we build a strong national currency? My response is dump the federal reserve system (modern day slavery) and fractional reserve banking and issue our own currency...and re-build our nation's manufacturing base.
I couldn't agree more. The building blocks of any economy is production via manufacturing, agriculture and mining. This has always been true and then money becomes nothing more than a means to barter. Currently our dollar is extremely overvalued. From what I understand there are trillions of dollars worth of Treasury bills owned by other countries hanging over our head that if they suddenly become monetized would make the value of our currency plummet. I am not an expert on the subject but my interpretation of how it works is this: If our government needs money they can either borrow it from the FED or other countries in the form of these t-bills. Borrowing directly from the FED increases the money supply as soon as that happens and devalues our currency with inflation. If another country volunteers to purchase these treasury notes it is like an I O U to that particular country. This method prevents inflation. It just adds to our national debt keeping our dollar from losing value. The advantage of a country like China in purchasing these I O U's is that their currency remains devalued compared to ours and consequently the cost of manufacturing in China remains lower. The bad part about this is if China or another country steps up and says I want money for my I O U... Pay me now! We would have to give them something or print some money to satisfy the I O U. This monetizing of the debt causes the value of our dollar to drop and prices to go up through inflation. Again I am not an expert on this subject and if I have it wrong, someone please correct me. But in my mind this is our national debt in a box summary. The fractional reserve system is a fraud. Being able to create money out of nothing is ridiculous. I don't know if the answer necessarily is a gold standard but certainly that would help keep the system in check.
Lindsey Williams dire economic forecast coming true.
poorrichardI don't see anything at all after pressing the link.. but I am far away.. Good luck in promoting your website.
Something is wrong... I don't know what it is.
We're upgrading the server
BoDeeDoeThis has happened to us a couple times now... We're going to upgrade the server this week so hopefully it won't be a problem in the future. sorry.