I got to playing around on youtube tonight and came across Lindsey Williams. Has anyone followed this guy? Is he a conspiracy nut? Has his book, The Energy Non-Crisis, come across as valid or just another NWO book?
Here's my quick summary:
Alaska is full of oil but because the economy and world banking system is so vested with Middle East oil we can't touch it.
We funded the Middle East to get out their oil out the ground, they agree to trade in US dollars, they sell the oil, they invest in the US economy (i.e. T Bills), and we are able to operate with a national debt.
Other foreign nations are beginning to switch out of this system, by trading oil in other currency; this switching is going to collapse the US dollar and our economy.
Speaking of oil prices: The guy is saying it isnít the Arabs, supply and demand, or oil companies fueling the price hike. According to him, the IMF and World Bank get a big slice of the oil profits. They are using the hike to pay off the dept to 3rd world nations (i.e. debt forgiveness).
Anyway, check out some videos and comment away.
05 GT Torch Red C&L CAI, Diablo 93 tune, BMR LCR's & UCR, Pro 5.0, S UDP, Mac
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people seem to forget that oil is a commodity and that it can gain value over time. think of it this way...if you had the rights to the oil under your property would you pump it out today at $140 a barrel or wait a few years till its $250 a barrel? it really is an investment more then anything else these days, as oppose to in the past when oil had little chance of growing in value.
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".
"We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."
Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond markets will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.