Wednesday, February 23, 2011

Eve of Destruction

"The eastern world it is explodin',
violence flarin', bullets loadin'………
but you tell me over and over and over again my friend,
ah, you don't believe we're on the eve of destruction"

So Barry McGuire sang in 1965....

The unrest of the people is spreading like wildfire throughout the middle east. It’s not easy making sense of this from here. The revolt is being fueled by hunger, artificial poverty and totalitarianism to name a few. But the message is, above all, “we’re as mad as hell, and we’re just not gonna take this anymore!!!” Some commentators claim the crowds are “rent-a-crowds” but paid stooges don’t take bullets.

Whether or not the fire is being stoked by foreign interests is not clear, but rest assured, the new world order interests will take advantage of any power vacuum and position their agents of influence while they can.

Libya is a the 12th largest oil exporter. Europe is their biggest customer. Italy buys a third of their supplies from Libya and price per barrel has already risen sharply in response.


Lindsey Williams has just done this interview with Alex Jones. His elitist contacts tell Williams that this is all engineered to double cross the middle east oil suppliers by collapsing the US dollar and leaving them holding valueless T bills. This will send them back to a pre-oil bedouin lifestyle. The arabs will be upset to say the least and will stop selling to the US. The US will then open their vast Alaskan oil reserves that they have kept under their belts for decades, but only when to price gets to $200/barrel. Although I disagree with the Williams dismissal of peak oil, his predictions about oil price movements has been accurate so far. China has stitched up a deal with Russia to supply their oil needs so they can stay clear of the trouble.

This is hot off the press. Listen for yourself.




From this graph we can see that Australia imports only a small percentage of our oil from Libya, and about one quarter of our total imports come from the middle east, the majority of our supplies come from South East Asia. We will see price increases at the Aussie pump but hopefully won't be as bad as what Europe will experience.