7-23-2014 National Report
Jeffery Whitman, an employee of the IRS in the Information Technologies Division, has come forward with allegations that the missing Lerner emails were actually found a little over a week ago. Whitman states that while performing repair and maintenance on a series of server banks that had been taken of line due to hardware issues in 2011, he stumbled across a back-up catch for the Tax Exempt Division that was headed by Lerner. Contained within the backup was a significant, though incomplete, portion of the Lerner emails that have been sought after by Congressional Republicans.
Whitman states that he spent about ten minutes looking through the emails before notifying the office of his Division, Terry Millholand, that he had located the previously “lost” emails of Lois Lerner. Within twenty minutes personal aids of IRS Commissioner John Koskinen arrived at Whitman’s work area and took custody of the tapes. “They thanked me profusely”, said Whitman. “They were emphatic that it was a great service I’d done for the organization by finding these files. They told me that the Commissioner wanted to meet me and personally thank me for providing the information which would put all the scandal talk to rest. And that I should keep the discovery secret until the Commissioner announced it”.
But Whitman didn’t meet Commissioner Koskinen. In fact he didn’t hear anything about the emails he’d found from anybody, for days. “After four days I tried to contact Chief Mullholand’s office and was informed that he was unavailable”, stated Whitman. “I tried to call on the fifth day and the sixth, both with the same results. I was finally told, by Mullholand’s secretary, that I had been mistaken, and that upon further review it had been determined that what I had found were not Lerner’s missing emails. I was then asked to stop calling.”
Whitman then attempted to contact both the offices of Chief Counsel Thomas Kane and Commissioner Koskinen but was met with the same message of mistake and wall of silence that he had received from his own division head. “It was obvious that I was being ignored and let known that I should just be quiet”, said Whitman. ” I had a chance to look through some of those emails, and even one of the few I saw seemed to confirmed, in part, some of the charges that have been made against her.”
“After I had contacted Chief Mullholand’s office my surprise wore off a little bit and I tried to make a copy of the emails on a flash drive I keep on my keychain”, stated Whitman. “Unfortunately it was almost full and I was only able to fit a very small portion of the emails on to it. Before I had a chance to notice that the drive was full and hadn’t downloaded a significant portion of the emails the Commissioners men had shown up and taken the server tapes away. ”
Whitman contacted the office of Darrell Issa, head of the House Committee on Oversight and Government Reform, told them his story and furnished the congressman with a copy of the portion of the emails he was able to obtain. Congressman Issa is expected to bring the matter to committee on Monday following the break. A spokesman for the IRS Commissioner’s office has called Whitman’s claims baseless and the result of “derangement”. Recently Chief Counsel Kane has begun to backpedal on his previous statements that the Lerner emails had definitely been lost. This has fueled speculation in Washington as to wether Kane is hedging his bets, recognizing the harm Whitman’s information could do. Commissioner Koskinen has remained unwavering though, stating that anything Whitman may have provided to Congressman Issa would clearly be fabricated evidence. Commissioner Koskinen is noted to be a political appointee of President Barak Obama.
July 15th, 2014 by Kurt Nimmo, Infowars
Soros Democrats strive to take down governments and empower global elite.
From undermining the Second Amendment and influencing elections to sponsoring color revolutions in Eastern Europe and the Middle East, the ominous footprint of George Soros is everywhere.
The Hungarian-born billionaire and currency speculator who considers himself a messianic figure was voted “the single most destructive leftist demagogue in the country” by respondents to a poll published by the Human Events newspaper in 2011.
“George Soros is the most dangerous man in the world because, just like the crazy megalomaniacs in old fifties movies, he is deceiving everybody into believing that he is altruistic, when in fact, he is using his Open Society/Shadow Party to undermine the very fabric of American society,” the newspaper explained.
If not for Soros’ immense wealth a sizable number of leftist organizations would be far less influential. He has fed more than $7 billion to the likes of Media Matters, ACORN, La Raza, the Huffington Post, the Southern Poverty Law Center, Planned Parenthood, the Center for American Progress, MoveOn.org and dozens of other organizations pushing a socialist and ultimately globalist agenda on the American people.
Dismantling national sovereignty is at the top of the Soros list. “Insofar as there are collective interests that transcend state boundaries, the sovereignty of states must be subordinated to international law and international institutions,” he said in 1998.
The United Nations, the World Bank, and the International Monetary Fund are organizations he believes should be dictating economic, social and political policy.
“To stabilize and regulate a truly global economy, we need some global system of political decision-making. In short, we need a global society to support our global economy,” he writes in The Crisis of Global Capitalism.
Individual states and national populations should not be allowed to govern their own economic affairs – instead, this process will be accomplished by a global financial elite, according to Soros. “Given the decisive role that international financial capital plays in the fortunes of individual countries, it is not inappropriate to speak of a global capitalist system,” he writes in Open Society: Reforming Global Capitalism Reconsidered.
For Soros and the financial elite nations that fall under their control are democracies while those beyond their reach are autocratic, totalitarian and abusive of human rights.
“It is a historical fact that the countries that constitute the center of the global capitalist system are democratic, but the same is not true of all the capitalist countries that lie on the periphery,” Soros explains. “Rulers are reluctant to relinquish their power; they need to be pushed.”
Pushing Color Revolution
Since the early 1980s Soros has used his immense wealth and influence to “build vibrant and tolerant democracies whose governments are accountable to their citizens,” in other words, governments answerable to the financial elite.
Following the fall of the Soviet Union, Soros played an instrumental role in moving former satellite nations into the globalist fold.
“From 1979, he distributed $3 million a year to dissidents including Poland’s solidarity movement, Charter 77 in Czechoslovakia and Andrei Sakharov in the Soviet Union,” writes Neil Clark. “In 1984, he founded his first Open Society Institute in Hungary and pumped millions of dollars into opposition movements and independent media. Ostensibly aimed at building up a ‘civil society”, these initiatives were designed to weaken the existing political structures and pave the way for eastern Europe’s eventual exploitation by global capital. Soros now claims with characteristic immodesty, that he was responsible for the ‘Americanization’ of eastern Europe.”
In 2000, following a NATO bombing campaign, Soros began his color revolution push in Serbia. His color revolution NGOs ran the Slobodan Milosevic opposition. “TheYugoslavs remained stubbornly resistant and repeatedly returned Slobodan Milosevic’s reformed Socialist Party to government. Soros was equal to the challenge. From 1991, his Open Society Institute channeled more than $100 million to the coffers of the anti-Milosevic opposition,” Clark explains.
After Milosevic fell and was sent to stand trial for war crimes before the internationalist court at the Hague, “Serbia, under the auspices of Soros- backed ‘reformers’” became “less, not more, free,” Clark writes. The Serbian people were subject to the standard round of globalist economic medicine as Soros “copied a pattern he has deployed to great effect over the whole of eastern Europe of advocating ‘shocking therapy’ and ‘economic reform’, then swooping in with his associate to buy valuable state assets at knock-down prices.”
Soros repeated the pattern in neighboring Georgia where funds from his Open Society Institute funded the so-called Rose Revolution that threw out Eduard Shevardnadze and installed former justice minister Mikhail Saakashvili. Georgian activists were tutored by the Soros-backed Serbian Otpor (Resistance) movement on how to use peaceful revolution to topple a government disfavored by the international elite.
Georgian Foreign Minister Salomé Zourabichvili told the French journal Hérodote that Soros’ NGOs were not only responsible for toppling Shevardnadze, but had subsequently become an integral part of the resulting governmental power structure.
A few years later Soros would employ the tactics sharpened in Eastern Europe to foment the Arab Spring in the Middle East and Africa.
“The Soros center’s job in eastern Europe is nearly finished. Its main focus now is the Islamic world, Arab countries, Turkey, Pakistan, Afghanistan, etc,” The Open Society Institute consultant Dr. Kian Tajbakhsh told Iranian officials following his arrest for trying to undermine the government.
In Egypt the color revolution turned blood red and managed to ultimately install a military dictatorship after a cobbled together plan to have a Muslim Brotherhood puppet rule the country failed. The Muslim Brotherhood has served for decades as an asset of U.S. and British intelligence.
Violence also ruled in Ukraine when a group of fascists selected by the U.S. State Department overthrew the country’s democratically elected president. In May George Soros told CNN’s Fareed Zakaria he is responsible for establishing an NGO in Ukraine that ultimately contributed to the overthrow of Viktor Yanukovych and the installation of a junta.
“Many of the participants in Kiev’s ‘EuroMaidan’ demonstrations were members of Soros-funded NGOs and/or were trained by the same NGOs in the many workshops and conferences sponsored by Soros’ International Renaissance Foundation (IRF), and his various Open Society institutes and foundations. The IRF, founded and funded by Soros, boasts that it has given ‘more than any other donor organization’ to ‘democratic transformation’ of Ukraine,” writes William F. Jasper.
Installing a President in America
The lesson Soros learned in 1989 when he used his wealth to install Vaclav Havel in the Czech Republic is that elections and preferred candidates can be bought with due diligence and a lot of money.
In the United States he has donated substantial amounts of cash to Barack Obama, Hillary Clinton, Charles Rangel, Al Franken, Tom Udall, Joe Sestak, and Sherrod Brown in a determined effort to transform America.
During the 2004 election cycle he donated “$23,581,000 to various liberal 527 Groups dedicated to defeating President George W. Bush. Soros contributed $3 million to the leftist propagandist Center for American Progress and $5 million to radical leftist MoveOn.org,” according to Conservapedia.
The so-called “Shadow Party” – conceived by Soros, Hillary Clinton and Harold Ickes – sidestepped reforms put in place by Senators John McCain and Russ Feingold and donated millions in soft money to the Democrat Party.
“Without Soros and the Shadow Party, Barack Obama would be, at best, a senator from Illinois attending social gatherings with domestic terrorists Bill Ayers, Bernardine Dohrn and sitting in the pews of black liberation theologist Reverend Jeremiah Wright,” notes Human Events. “At worse, he’d be an unremarkable and unheard of state senator. Instead, Barack Obama is the President of the United States.”
The cozy personal relationship between Obama and Soros dates back to 2004 when Obama ran for the Senate and became Soros’ “Chosen One.” He was selected by the “Phoenix Group” – a confab of wealthy Democrat donors – and was guided through the Senate and ultimately installed in the White House.
“Obama has the charisma and the vision to radically reorient America in the world,” Soros said in 2007 after he sent the Senator from Illinois the maximum individual contribution allowed by campaign finance law.
Resistance to the Beast
Due to hubris and arrogance Soros and the Shadow Party did not consider the degree of popular resistance they would encounter after Obama became president.
From the tea party to a fresh crop of libertarian-minded Republicans, there is a growing surge within America to defeat the globalists and diminish the influence and control of George Soros and the globalist ilk.
The path ahead, however, will be a difficult one. Soros is one player and there are others maneuvering behind the scenes to destroy the sovereignty of the United States and systematically dismantle the bulwarks standing in the way of realizing a New World Order.
07-13-2014 by Jerome R. Corsi
NEW YORK – The infamous Mexican “Death Train” – also called “La Bestia” ["The Beast'] – on which tens of thousands of illegal alien children from Central America are traveling through Mexico to the United States – is being targeted by criminal complaints from Mexican authorities for allegedly violating the civil rights of passengers.
The Beast is owned and run by a Mexican wholly owned subsidiary of Kansas City Southern, a U.S. train company that acquired the Mexican equipment and routes in 2005 to create a “NAFTA Railroad” that was intended to fit into a multi-modal transportation technology so Chinese companies could deliver products into the heartland of the United States as an alternative to utilizing the West Coast ports of Los Angeles and Long Beach.
Mexican prosecutors have filed criminal complaints charging railroad with complicity in violations of the civil rights of the thousands of unaccompanied minors from Central America illegally hitching rides on the train in their efforts to cross into the U.S. over the border with Mexico.
That flood has surged over the last few months, and critics of President Obama say it’s being encouraged by his program to defer deportation proceedings for young illegal aliens, suggesting to them that if they are able to cross into the United States, housing, education, medical and even legal assistance await.
As reported at the time, Kansas City Southern (KCS, NYSE: KSU) completed on April 1, 2005, the acquisition of Mexican Railroad TFM, S.A. de C.V., an acquisition that gained for KCS all the common stock of Groupo Transportacion Ferrovaria Mexicana, S.A. de C.V., the holding company that owned TFM.
The 2005 KCS acquisition of the Mexican railroad occurred under the broad canopy of the Security and Prosperity Partnership of North America, first announced by President George W. Bush in a meeting with the president of Mexico and the prime minister of Canada, held in Waco, Texas, on March 23, 2005.
In December 2005, KCS changed the name of TFM to Kansas City Southern de Mexico (KCSM), a key piece in putting together the “NAFTA Railroad,” a marketing brand KCS at that time used to describe its North American rail service bringing together KCSM in Mexico and the Kansas City Southern Railroad (KCSR) in the United States.
In 2006, WND reported that Kansas City Southern plans in creating a “NAFTA Railroad” sought to link Mexican deep-water port Lazaro Cardenas as an alternative route for Chinese product shipping containers to enter the United States through Mexico, instead of through the West Coast ports of Los Angeles and Long Beach.
The plans would use KCSSM and KCS multi-modal railroad links to transport the Chinese consumer goods to a Mexican government customs office operated by Mexico as part of what then was being designed as the Kansas City Inland Port, or SmartPort.
But in a press report from Veracruz, Mexico, dated March 31, 2014, the attorney general of the Gulf Coast state of Veracruz, Luis Ángel Bravo Contreras, filed a criminal complaint with federal prosecutors against the U.S. railway Kansas City Southern and Ferrosur, a Mexican rail line that operates the “Death Train” in the central part of Mexico.
The charges are that the railroad companies were complicit in the commission of various crimes against migrants jumping on the train for a ride to the Mexican border, including the crimes of robbery, human trafficking, kidnapping, murder and extortion.
A map produced by the Jesuit Migrant Service of Mexico and reprinted by the Washington Office of Latin America, WOLA, a Washington-based NGO [Non-Governmental Organization] aimed at protecting immigrant civil rights, demonstrates train routes into Texas are the shortest route for Central American unaccompanied minors to enter the United States through Mexico.
A WOLA report issued June 17, 2014, described the difficulty illegal immigrants taking “La Bestia” north as follows:
“Migrants in the southern border zone are drawn to ‘La Bestia,’ the train that heads northward to central Mexico and then on to the U.S. border. For hundreds of miles they ride on the roofs of the train cars trying to avoid fatal falls, hot days, frigid nights, and low-clearance tunnels. Every eight to ten days or so, trains depart from two routes that originate near the southern border.”
Not only is the ride physically dangerous, WOLA noted, but the lax security on “La Bestia” leaves migrants at the mercy of Mexican gangs, bandits, kidnapers and corrupt officials.
“The stunning frequency of kidnapping, extortion, human trafficking, rape, and homicide puts Central American migrants’ plight in Mexico atop the list of the Western Hemisphere’s worst humanitarian emergencies,” the WOLA report concluded.
July 13th, 2014 By Michael Snyder
Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization. He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in that role until 2017. The Bank for International Settlements is a rather boring name, and very few people realize that it is at the very core of our centrally-planned global financial system. So when Jaime Caruana speaks, people should listen. And the fact that he recently warned that the global financial system is currently “more fragile” in many ways than it was just prior to the collapse of Lehman Brothers should set off all sorts of alarm bells. Speaking of the financial markets, Caruana ominously declared that “it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally” and he noted that “markets can stay irrational longer than you can stay solvent”. In other words, he is saying what I have been saying for so long. The behavior of the financial markets has become completely divorced from economic reality, and at some point there is going to be a massive correction.
So why would the head of ‘the central bank of the world’ choose this moment to issue such a chilling warning?
Does he know something that the rest of us do not?
According to a recent article in the Telegraph by Ambrose Evans-Pritchard, Caruana is extremely concerned about rising debt levels and the current level of euphoria in the financial markets…
The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements has warned.
Jaime Caruana, head of the Swiss-based financial watchdog, said investors were ignoring the risk of monetary tightening in their voracious hunt for yield.
“Markets seem to be considering only a very narrow spectrum of potential outcomes. They have become convinced that monetary conditions will remain easy for a very long time, and may be taking more assurance than central banks wish to give,” he told The Telegraph.
Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275pc of GDP since then.
And you know what?
Caruana is certainly correct to be warning us about these things.
As I have written about previously, the total amount of government debt in the world has grown by about 40 percent since the last recession, and the “too big to fail banks” have collectively gotten 37 percent larger since that time.
The U.S. national debt has grown from about 10 trillion dollars to more than 17.5 trillion dollars, and even the Bank for International Settlements admits that the global derivatives bubble has grown to at least 710 trillion dollars.
The massive financial imbalances that we were facing during the last crisis have not been fixed. Instead, they have gotten much, much worse.
But should we trust the Bank for International Settlements?
Of course not.
This is a very secretive organization that very few people know about but that possesses absolutely enormous power. The following is a brief overview of the Bank for International Settlements from one of my previous articles entitled “Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does“…
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.” The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.
The role that the Bank for International Settlements is playing today was envisioned by the global elite long ago. In another previous article, I quoted from a book that Georgetown University history professor Carroll Quigley wrote in 1975 entitled “Tragedy & Hope” in which he discussed how the BIS was to one day become “the apex” of the global financial system…
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.
And it is interesting to note that Professor Quigley was not against the system that the elite were setting up. He was just an academic that was trying to accurately convey what he had learned about how the global system works.
Sadly, the system that Quigley wrote about all the way back in 1975 has fully blossomed today.
Every two months, the central bankers of the world travel to Switzerland for “Global Economy Meetings” in Basel. Most people have never heard of them, but these Global Economy Meetings were actually discussed in the Wall Street Journal…
Every two months, more than a dozen bankers meet here on Sunday evenings to talk and dine on the 18th floor of a cylindrical building looking out on the Rhine.
The dinner discussions on money and economics are more than academic. At the table are the chiefs of the world’s biggest central banks, representing countries that annually produce more than $51 trillion of gross domestic product, three-quarters of the world’s economic output.
So how do you feel about the fact that the central bankers of the world regularly gather to plot their next moves for the global economy?
Should an unelected group of central bankers that has no accountability to any national government really have so much power?
A naming ceremony was held for the subsea vessel ‘Island Performer’ in Norway on Friday, June 27, 2014.
The Island Performer, owned by Island Offshore, is getting ready its her work for FTO in the Gulf of Mexico.
The vessel is equipped with a large intervention tower over the main moon pool, a 250-tonne AHC Offshore Crane and two deep-sea work ROVs.
With a length overall of 130m, and width of 25m, the vessel can accommodate 130 people.
The Island Performer is particularly developed to suit the scope in the FTO contract in which Riser-less Light Well Intervention and Inspection, Maintenance, Repair are main tasks.
06/19/2014 Submitted by Tyler Durden by Brandon Smith of Alt-Market.com,
The multitudes of people, especially Americans, who view U.S. government activity in a negative light often make the mistake of attributing all corruption to some covert battle for global oil fields. In fact, the average leftist seems to believe that everything the establishment does somehow revolves around oil. This is a very simplistic and naïve view.
Modern wars are rarely, if ever, fought over resources, despite what the mainstream gatekeepers might tell you. If a powerful nation wants oil, for instance, it lines the right pocketbooks, intimidates the right individuals, blackmails the right officials or swindles the right politicians. It has no need to go to war when politicians and nations are so easily bought. Modern wars, rather, are fought in order to affect psychological change within a particular country or population. Wars today are fought to cover up corrupt deals and create desperation. Oil is used as an all-encompassing excuse for war, but it is never the true cause of war.
In reality, oil demand has become static and is even falling in many parts of the world, while new oil and gas-producing fields are discovered on a yearly basis. Petroleum is not a rare resource — at least, not at the present. And the propaganda surrounding the “peak oil” Armageddon scenario is pure nonsense. Oil prices, unfortunately, do not rise and fall according to supply – instead they rise and fall according to market tensions and, most importantly, the value and perceived safety of the U.S. dollar. Supply and demand have little to do with commodity values in our age of fiat manipulation and false investor perception.
That said, certain political and regional events are currently in motion that could, in fact, change investor perception to the negative, and convince the world of a false fear of reduced supply. While supply is more than ample, the expectation of continued supply can be jilted, shocking commodities markets into running for the hills or rushing into mass speculation, generally resulting in a sharp spike in prices.
A very real danger within energy markets is the undeniable threat that the U.S. dollar may soon lose its petrodollar status and, thus, Americans may lose the advantage of relatively low gas prices they have come to expect. That is to say, the coming market crisis will have far more to do with the health of the dollar than the readiness of supply.
In the span of only a few years, as the derivatives crisis took hold and the fed began its relentless bailout regime, petroleum costs have doubled. It wasn’t that long ago that someone could fill his vehicle’s tank with a $20 bill. Those days are long gone, and they are not coming back. The expectation has always been that prices would recede as the overall economy began to heal. Of course, our economy will not be healed until it is allowed to crash, as it naturally should crash. And as it crashes, because of our currency’s unique place in history, the price of oil will continue to climb.
The petrodollar has always been seen as invincible — a common denominator, a mathematical constant. This is a delusion propagated by a lack of knowledge and common sense amongst establishment economists.
As I have covered in great detail in numerous articles, the U.S. dollar’s world reserve status is nearing extinction. Multiple major economies now trade bilaterally without the use of the dollar; and with foreign conflicts on the rise, this trend is going to become the norm.
In the past week alone, Putin adviser Sergey Glazyev recommended to the Kremlin that a coalition of nations be formed to end the dollar’s reserve status and initiate a form of economic warfare to stop “U.S. aggression”. Of course, anyone familiar with the escapades of international banking cartels knows that it is the money elite that dictate U.S. aggression, just as they dictate the policy initiatives of Russia. I would note that there is only ONE currency exchange structure that could be used at this time to shift global forex reserves away from the dollar system, and that is the IMF’s Special Drawing Rights.
The argument has always been that the IMF is a U.S. controlled institution, however, this is a faulty assumption. The IMF is a GLOBAL BANKER controlled institution, a front organization for the Bank of International Settlements, which is why the recent refusal by the U.S. Congress to vote on new capital allocations for the IMF has resulted in the world’s central bank threatening to remove U.S. veto power. Globalists have no loyalty to any single nation, and the reality is, the fall of the dollar actually benefits these financiers in the long term.
Russia’s historic oil and gas deal with China, just signed weeks ago, removes the dollar as the petroleum reserve currency.
Russia’s largest gas company, Gazprom, has all but excluded the dollar in all transactions with foreign nations. In fact, nine out of 10 of Gazprom’s foreign clients were more than happy to buy their products without using dollars. This fact cripples the arguments of dollar cheerleaders who have always claimed that even if Russia broke from the dollar, no one else would go along.
Gazprom and the Russian government have followed through with their threats to cut off gas pipelines to Ukraine, and now, some analysts fear this strategy may extend to the EU, in which many countries are still 30% dependent on Russian energy.
China is currently striking oil deals not only with Russia but also with Iran. New oil deals are being signed even after a $2 billion agreement fell through this spring. And, despite common misinformation, it was actually China that was reaping the greatest rewards through the reopening of Iraqi oil fields, not the U.S., all while U.S. military assets were essentially wasted in the region.
Now, any U.S. benefits are coming into question as Iraq disintegrates into chaos yet again. With the speed of the new Islamic State of Iraq and Syria (ISIS) insurgency growing, it is unclear whether America will have ANY access to Iraqi oil in the near future. If ISIS is successful in overrunning Iraq, it is unlikely that Iraqi oil will ever be traded for dollars again. Unrest in Iraq has already caused substantial market spikes in oil prices, and I can say with considerable confidence that this trend is going to continue through the rest of the year.
Interestingly, mainstream news sources suggest that Saudi Arabia has been a primary funding source for the ISIS movement. It is true that the Saudis have warned for years that they would fund and arm Sunni insurgents if America ever pulled out of the country. But, I would point out that the U.S. has also been covertly supporting such extremist groups in the Mideast for quite some time, and this is not discussed at all in the MSM storyline. The mainstream narrative is painting a picture of betrayal by the Saudis against the U.S. through subversive groups designed to break the foundations of nations opposed to its policy views. When, in fact, the destabilization of Iraq has been nurtured by money and weapons from both America and Saudi Arabia.
It was the CIA which trained ISIS insurgents secretly in Jordan in preparation for their subversive war in Syria. It was an agreement signed by George W. Bush and delegated under Obama’s watch that allowed ISIS leader, Abu Bakr al-Baghdadi, to be set free in 2009. Saudi Arabia has been openly arming the Sunni’s for years with the full knowledge of the U.S. government. So then, why is the narrative being created that America and Saudi Arabia are at odds over ISIS?
Such a development would place the U.S. squarely in conflict with the Saudi government, our only remaining toehold in the global oil market. Without Saudi Arabia’s patronage of the dollar, most OPEC nations will follow (including Kuwait), and the dollar WILL lose its petrodollar status. Period.
In the past few days, Saudi Arabia has demanded that the foreign interests refrain from any military intervention in Iraq. While Barack Obama has repositioned an aircraft carrier, armed troops, and special forces in the area.
Now, my regular readers understand that this was going to happen eventually anyway. The Federal Reserve’s quantitative easing bonanza has destroyed true dollar value and spread unknown trillions of dollars in fiat across the planet. The dollar’s death has been assured. It has been slated for execution. This is why half the world is positioning to dump the currency altogether. My regular readers also know that the destruction of the dollar is not an accident; it is part of a carefully engineered strategy leading to the centralization of all economic power under the umbrella of a new global currency basket system controlled by the International Monetary Fund.
I believe Saudi Arabia may be a near term trigger in the next great shift in petroleum markets away from the dollar. Renewed U.S. involvement in Iraq, diplomatic tensions over ISIS, and more lucrative offers from Eastern partners have been edging Saudi Arabia away from strict petrodollar ties. This shift is also not limited to Saudi Arabia.
“Abu Dhabi, the most influential member of the United Arab Emirates,” has suddenly ended its long-standing exclusive relationship with Western oil companies and has signed a historic deal with China’s state-owned China National Petroleum Corporation (CNPC).
Russia has formed the new Eurasian Economic Union with Belarus and Kazakhstan, two countries with freshly discovered oil fields.
On the surface, it appears as though the world is huddling itself around oil resources in an environment of East versus West conflict. However, these changes are not as much about petroleum as they are about the petrodollar. The reality is the dollar’s reserve-status days are numbered and this is all part of the plan.
What does this mean for us? It means much higher gas prices in the coming months and years. Is $4 to $5 per gallon gasoline a burden on your pocketbook? Try $10 to $11 per gallon, perhaps more. Do you think the economy is straining as it is under the weight of current gas prices? Imagine the earthquake within our freight-based system when the cost of trucking shipments triples. And guess who will end up paying for the increased costs? That’s right: you, the consumer. High energy prices affect everything, including shelf prices of retail goods. This is just the beginning of what I believe will be ever expanding inflation in oil prices, leading to the end of the dollar’s petroleum reserve status, then it’s world reserve status by default, and the introduction of a basket currency system that will ultimately benefit a select few global financiers while diminishing the quality of living for millions, if not billions, of people.