Written by Jeff Nielson Sunday, 25 January 2015 13:41
The world is running out of oil. Peak Oil is a reality, all that is open to debate is how fast production will drop off, and how quickly the world will simply run out of oil. The lack of certainty is due to the fact that (as with everything else) we can’t trust the “official” numbers fed to us, with respect to either global production or global reserves.
Numbers supplied by Saudi Arabia’s corrupt monarchy have been regarded with deep suspicion, for many years, based on inconsistencies in the numbers themselves, and the high degree of secrecy within the Saudi oil industry. More recently; the massive conspiracy with respect to U.S. “shale oil” has now been exposed, with actual supply being as little as 4% of the fantastic “reserves” claimed by the Shale Charlatans.
What does it mean when we live in a world of diminishing (oil) supply, and seemingly inexhaustible (oil) demand? It means this is the classic “sellers’ market”. That is fact #1.
Fact #2 is the brazen admission by the U.S.’s puppet-president, Barack Obama, that the U.S. government (or rather its banker Masters) has been deliberately manipulating oil prices lower, as “part of its strategy” of economic terrorism against Russia. This is outrageous, on multiple levels.
1) The matter-of-fact manner in which Barack Obama acknowledged this market manipulation epitomizes the crime syndicate mentality of the U.S. regime, and the other puppet regimes of the West under the direct control of the One Bank. Absolutely no respect for the Rule of Law.
2) In a world of vanishing oil; it is recklessly irresponsible to manipulate oil prices lower, since under-pricing anything inevitably stimulates over-consumption. The fastest way to squander our remaining stockpiles of oil (obviously) is to put them “on sale”.
3) The fact that this fascist government now openly engages in unilateral acts of economic terrorism against other nations proves that internationally, the United States is now a pariah regime.
Equally outrageous is the lack of response to the reckless economic terrorism of the United States, specifically the lack of response by many of the world’s largest oil-producing nations. In particular; noteworthy for their absolute lack of response are the OPEC nations – and Canada.
What is the appropriate response of any oil-producing nation, upon learning that the U.S. is (deliberately) driving-down oil prices, effectively stealing the oil production of these oil-producing nations, and thus perpetrating its economic terrorism against them, as well? The response is as obvious as it is simple. Cut off supply.
Indeed, this was the entire raison d’etre for the creation of OPEC: uniting Arab oil producers so that they gave themselves the option of “turning off the taps” if oil prices weren’t high enough. Clearly when a Rogue Regime publicly proclaims that it has manipulated oil prices 50% lower as a deliberate act of economic terrorism, then prices cannot be “high enough”.
Yet with the 21st century governments of most OPEC regimes now mere sock-puppets of the U.S.’s own puppet-regime, we have all the OPEC Puppets pretending they are powerless. Then there is Canada. Canada’s Prime Minister, Stephen Harper, has also been guilty of perpetrating economic terrorism, and it also involves the manipulation of oil prices.
Written by Jeff Nielson Wednesday, 21 January 2015 13:45
A major economic event has occurred. The government of Switzerland ended its “peg” to the euro with its own currency, the Swiss franc. This resulted in the franc catapulting higher in its exchange rate versus the euro (as well as other currencies). We know this is a major economic event, because the Corporate media has expended a considerable amount of time/energy “covering” and “explaining” this event.
However, as all regular readers know; the Corporate media doesn’t engage in its coverage and explanations to provide information to the general public. It does so to provide misinformation, i.e. propaganda. We see this dishonesty evidenced by the efforts of the Corporate media to portray this move as a surprise.
The Swiss National Bank stunned markets on Thursday, when it scrapped its three-year-old peg of 1.20 Swiss francs per euro.
The obvious question which arises in the minds of those viewing this lie is this: since the Swiss government had no choice but to end the peg; how can doing something it had to do be considered a surprise? This question becomes “obvious” as soon as readers are given an explanation of how a government “pegs” a currency, and why a government pegs a currency – something which the propaganda machine refuses to do.
“Pegging” a currency is a simple, brute-force act of market manipulation. Indeed, the manipulation is directly implied in the term itself. In a world of (supposedly) “floating markets”; one government endeavours to literally “fix” its currency to another, at a constant rate of exchange. As regular readers have been told on many previous occasions; no form of market manipulation can be maintained permanently, since any ongoing manipulation creates greater and greater economic imbalances – and thus ever-increasing “pressure” in markets to correct this imbalance.
Therefore the day that Switzerland’s government began this act of currency manipulation, it already knew that this could only be a temporary band-aid. Thus we immediately see that the efforts of the Corporate media to depict this as a surprise are obvious lies. But it brings us to the second question (which the Corporate media also refuses to answer/explain); why did Switzerland’s government originally feel compelled to engage in this unsustainable policy of market-manipulation?
Typically, when one government seeks to “peg” (fix) its currency versus another currency, it is a stronger currency being pegged to a weaker currency, as we saw with China’s peg to the U.S. dollar. The motive for stronger currencies being pegged to weaker ones is relatively simple.
When a currency rises in value; this is almost always good for the people of that jurisdiction, but usually bad for the government. Why is this? Simple. As holders of that currency; the people naturally benefit, because as the currency rises in value, so does their purchasing-power – they get more “bang” for every “buck”.
Conversely, as (inevitably) the biggest Debtor of that currency; governments don’t like to see their currency rise in value because it increases the “size” of their debts (in real dollars). The second reason why governments like to debase their currencies (rather than allow them to rise in value), is the silly “import/export game” in which nearly all governments now engage.