Results 1 to 19 of 19

Thread: Oil backing Currency

  1. #1

    Exclamation Oil backing Currency

    I watched this video about1Hr 20 minutes. Some Chaplin who was close to those in power years ago.

    The Energy Non-Crisis
    (We are ALL in serious trouble!)
    http://www.ronpaulmarch.com/

    If anyone else cares to watch it, will you please offer your comments.

    It explains a great deal, if true, also explains why we wanted to dump Saddam for one and why we are in Iraq and why Bush wants to get Iran so desparately.

    My feeling has always been there was more to the story of Saddam. Saddam, Chavez, and Iran refused to do as they were ordered by those who are controlling the world economy. If this video is correct, it is the answer to why US wants to invade Iran. I believe they will try again to go for Chavez, too. They refused to sign agreement Kissinger offered them as you will read below.

    The gist of it is that Alaska has the worlds largest two oil holdings in the world Gull Island on North slope as well as we are pumping gas back into the earth daily there using giant Boeing airplane engines. These reserves were classified years ago and basically oil has become our currency backing and used to control the world.

    Supposedly Kissinger was sent to the Mid East years ago and all oil producing countries to get them all to agree to fund some of our debt with the payments we made for oil and agree to denominate all oil sales in dollars. In return they would be rich. Most agreed. They were advised to buy gold. (Would this explain why Shah was installed?) This was a trap.

    Largest mid east/world oil fields in descending order Iraq, Saudia Arabia, and Iran.

    Why Saddam was destroyed.
    Iraq and Iran would not sign this agreement.

    The price of gasoline is a tax used to pay our debt to World Bank and IMF and to pay all the other third-world countries' debts whom we forgave. Americans pay those debts at the gas pump. The money goes up the chain with the in-between man as World Bank.

    Abner Dethrey worked for State Dept. and CIA was sent 1990 to Iraq to tell Saddam we would not intervene if he invaded Kuwait. It was a trap.
    August 1990 Iraq invaded Kuwait and this was used as excuse to topple Saddam Hussein. They had to wait for Bush, Jr. to finish the job. (To install democracy with a leader who would do as he was told I presume).

    The standard currency of the world is oil. The Fed Reserve note is only paper-fiat money as we know. A democracy (not a republic) in Iraq will give control to the Oil men of the world. If they do not succeed the dollar will fall. Bush-Cheney dynasty and ruling elite agenda thirty year plan is playing out.

    Video tells these are reasons why Kennedy was killed, why McDonald (Flight 007) was killed, why Congressman George Hanson and his family were destroyed. (I always wondered who was on that flight who was so important).

    Congressman Kenneth Fromm, Atlantic - Richfield, told this speaker in video that crude oil was going to $10 a barrel. The speaker did not believe it. The ruling elite-World Bank tells OPEC what the price of oil will be. Gold was $800 dollars an oz. at the time which video gentleman was speaking. The shieks had all bought plenty of gold at the time. The trap was that oil went to $11 barrel and gold went to $300 oz. by the same ruling elite. The oil-producing coountries who signed that agreement years earlier would now have to sell the gold back to same people they bought it from at $300 oz.-all planned in advance.

    Suadi Arabia-costs $5 dollars a barrel to get out of the ground. North slope of Alaska costs $3 dollars a barrel to bring out of the ground. People will not be able to drive to work and feed their family when it goes to $4 and $5 dollars a gallon at the pump.

    Chavez had refused to denominate in dollars earlier remember. (Did not bush try to get him recently and fail?)

    Profit goes to oil-producing countries, then middle-man- the World Bank, then oil companies, refineries, (chain) to service station attendant. World Bank makes exorbitant profits. Exxon told Congress to get off his back because he knew World Bank and IMF could destroy American economy. They forgave third world debts and we are paying for them with these gas taxes. OIl companies are profitting, but the IMF and World Bank are making exorbitant profits which we pay for and for which we will become a third world country because this oil is the method they chose to control the world in the early sixties. We will pay for our own demise. This will never be in any books you read.

    Goldman Sachs predicted crude oil wil reach $105 a barrel. Profit to World Bank and IMF.

    Brazil went to IMF-World Bank and wanted loan to build Brazilia. Collateral was the Amazon River Basin. They built Brazilia, but could not quite make it and went back for more money because they could not make interest payments. World Bank did a computer entry to give Brazil more credit, not money, but line of credit, but Brazil gave up Amazon River Basin to get it. World Bank owns it.

    When gallon of gas is over $2 per gallon, the people who control the world make over $60 billion dollars a year. When crude oil goes from $30 to $50 a barrel we shell out over 600 billion dollars a year and the World Bank buys our debt.

    Iran has said by certain date, it will flood the world with cheap oil. Third largest oil field in world and denominate all oil sales in Euros. Bush and Cheny are shaking in their boots. Our economy will collapse. Iran has built its pipes and are nearly ready. America must destroy/attack Iran before that date. Other countries have nuclear weapons, but we are not concerned with them, only Iran, who will undercut rest of the world in oil sales and collapse the dollar. Do not go after North Korea, China, Israel. Excuse for going after Iran--wil be?????????

    Eisenhower admired Smedley Butler, who said war is a racket. Only a small group profits at the expense of many. Most vicious, profits in dollars and losses in lives. Huge fortunes are made. Ike wanted to be like Butler.

    John Perkins, "Confessions of an Economic Hit Man" worked for the powers that be. These hit men, highly paid professionals, who go about the globe and cheat countries out of their money-trillions, and funnel money from World Bank, and US Agency for International Development, and other aid agencies into coffers of huge corporations and pockets of a few wealthy families who control the world's natural resources. Tools are fraudulent financial reports, sex, money, rigged elections, payoff, extortion, sex, and murder. Perkins did this. He is still alive.

    He also speaks briefly about the interest rates on mortgages. Another tax.

    Greenspan when first went in at Fed -debt was 1.5 trillion dollars. Today debt is 9 trillion dollars.

    September US Treasury Bureau of Public Debt website recorded national debt in one day went up 60.1 billion dollars. October - in one month 94.4 billion dollars-Bush administration.

    OPEC at maximum output. Need to dig more wells and pipe in. Refineries Ninety plus capacity. No new refineries in last twenty years. US importing 400 thousand gallons a day from other countries. Oil refineries operating at full capacity. US had 321 refineries in 1981 and 149 refineries- many operating 24 hours a day with no down time for maintenance to supply growing demand, operating at ninety plus capacity. All this is by design!! Least little bobble could tip the balance and gas stations across America would be putting up signs-no gas available.

    Why Gull Island oil pool cannot come to American people because if Bush did oil-producing countries who signed that agreement with Kissinger would no longer be obligated to buy a certain portion of what we give them for oil and buy back our debt. The pork and 9 trillion dollar debt would collapse our economy. Bush cannot allow oil from North slope of Alaska to come to America. They cannot tell us this!! (Our creditors ar now China and others) At $3 dollars to bring out of ground and $1.50 at pump we cannot have this oil. Someone must buy our debt, but the mideast countries who signed that agreement alone will cause the collapse of our economy. We will be paying $4-$5 dollars for our gasoline.

    No reason we could not be paying $1.50 per gallon for gasoline, except for what you have just read here. We will be paying the national debt and third world country's loans through the gas pump by this designed plan the speaker knew about twenty-five years ago.

    We are controlled in every facet of our lives by the powers that be.

    There is enough crude oil in two huge fields on the North Slope of Alaska as in Saudia Arabia and enough to supply the US for 200 years. Governor stated this. He is correct. Peak oil is a misnomer to deceive Americans. Cola- SG3 super deep wells -massive. Bp and Arco are the companies. Now BP bought out ARCO.

    Russia has just drilled super deep wells 40230 feetCola-SG3 wells and found massive supplies of oil. Gasoline could be less than $1.50 a gallon within one year if our Government would be truthful with us. Enough natural gas to supply America for two hundred years. One billion cubic feet every 24 hours natural gas that comes up with oil daily on north slope-enough for 200 years in America. Using 48 747 boeing engines to pump back into the ground.

    Our dollar is now in crisis with the mortgage and other collapses.

    He goes on to describe what happened to the signers of the Dec. of Independence.

    Will someone please comment on this?
    Last edited by Carole; 01-12-2008 at 08:30 PM.
    Carole

    "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. -Cong. Louis McFadden



  2. Remove this section of ads by registering.
  3. #2
    I saw that, Confessions of an economic hitman. I will have to check this one out.....it makes total sense! Who else can explain it..... what else makes sense????
    certainly not the mainstream media and the war polics of today, when we're over in iraqbut left our own back door open down at the border.

  4. #3
    very great video....one of the best and most informative I've ever seen!

  5. #4
    Do not believe everything you hear. This lindsey williams should stick to being a baptist chaplain.

    He has no science to back up any of his statements, especially in regard to oil. Finding oil these days is not a trivial matter anymore, it is not as easy as it used to be. It takes a long concerted effort of a team of geologists, geophysics, and a slew of engineers just to find to oil and then be able to show it is economic. Then getting oil "online" takes an even greater amount of time. Some discoveries take 5 to 10 years, if not more, to be able to have the technology and infrastructure to bring them online and to the market.

    You people are lied to if you think the world, not just the USA, is addicted to oil. Please just go think about all the things it takes for you to live the way you live day-in and day-out and then ask yourself where do all the products come from. I would bet that 90%, if not more, are either a direct resultant and/or an indirect resultant of oil consumption.

    The whole idea behind peak oil is not a lie. Peak oil never occurred BUT peak oil will happen, probably within the next 50 years.

    The fact of the matter is that the more the USA isolates itself through the use of the military-industrial complex the less and less oil we will see in the future. Actually it is already happening. Countries are declaring everything state owned, which is completely within their right to do so, and they are closing off exports to USA.

    The second point is that, just think about the oil/energy saved if we were to bring our troops home from all over the world. We would use much less oil in supporting them now and less oil in manufacturing and producing the items needed to sustain military-industrial complex. We could then use the man power on our nothern and southern border to help protect our nation.

  6. #5
    There is enough crude oil in two huge fields on the North Slope of Alaska as in Saudia Arabia and enough to supply the US for 200 years
    There is not enough oil in the entire world to last for 200 years at current technology and extraction methods. The proven reserves in the US are enough to last us for about six years at our current rate of consumption (and assuming that we did not import any from anybody else).

    We have proven reserves of 21.4 billion barrels (as of 2006) http://www.infoplease.com/ipa/A0872964.html and we consume 10.4 million barrels a day or for a 365 day year, or 3.8 billion barrels a year. http://www.nationmaster.com/country/...tes/ene-energy That gives 5.63 years worth of consumption.

    Saudi Arabia has estimated provable reserves (they do not release official figures) of 264 billion barrels which would supply just the US for 69.5 years- and we are not the only country using oil.

    World total proven reserves are put at 1,292.6 billion barrels. That would be equal to 340 years of just US consumption at current levels. But world demand for oil is said to be 82 million barrels a day or 30 billion barrels a year. http://www.nationmaster.com/graph/en...il-consumption That is only 43 years. Nowhere near your 200 year number. And demand is continuing to rise faster than new supplies are found and developed. That is why the price has been going up.

  7. #6
    I'm not sure which side to believe on this one.

    Before you totally discount what he says, because the "proven reserves" we have on hand are nowhere near what he claims they have found, listen to what he says about oil backing the currency.

    His claim is that they discovered the biggest reserve in history on Prudhoe Bay on the northern slope of Alaska - But they quickly found out there was no cause for celebration. People from high up made it perfectly clear that it wasnt to be talked about. They covered up the discovery, and supposedly they have a vast array of engines up there simply to pump all the methane back into the earth that seeps out (which is a giveaway that there are massive amounts of oil underneath).

    But if you follow the logic of WHY we depend on foreign oil imports, it makes a little more sense as to why we would cover up the fact that we have enough here domestically to satisfy our every need. It doesn't do the current money system any good for us to have everything we need here. We need to get it overseas, so a middle-man can profit. We need to get it overseas, so we can get the foreign oil producers to re-invest the dollars we give them in our debt.

    I repeat: We need to get our oil from foreign oil producers, because we can give them dollars that they re-invest in our DEBT.

    The debt-based money system we have here is reliant on perpetual growth. The price-fixers raise the price of oil. We pay the Saudi's more for a barrel of oil, but we ask of them that they reinvest it in our debt. Oil is more expensive, so more money (debt) can be created based on it and entered into the system. The Saudis (and all other foreigners willing to play along) take our dollars like they are WORTH something (thus keeping the dollar strong as the world reserve currency), and then they BUY our debt with it. Without a willing buyer, the federal government wouldn't be able to rack up nearly the amount of debt it gets away with doing.

    So it makes sense to me that they would try to cover up massive reserves domestically, because it would interfere with a corrupt scheme of propping up the dollar and getting someone to pay for our debt.

    I can't just believe Lindsey Williams that we have THAT much oil up there without physical and scientific proof of it, but understanding the scheme behind foreign oil importation makes me willing to believe it is a possibility that such reserves exist.

  8. #7
    About 20 years ago, Getty Oil drilled a well on some of my property in Montana. They paid me a rather large sum for the lease and then they capped it off.

    I originally had visions of them pumping it and sending me a check every month, but alas, they didn't do that.

    One has to wonder why they just capped it off and didn't pump any of it.

  9. #8
    Prudhoe Bay is estimated to have about 25 billion barrels of oil- with about half worth digging up at today's prices and available technology or about 12 billion barrels of usable oil. http://www.msnbc.msn.com/id/14292652/- about three years worth of our current consumption. Prudhoe Bay fields are also spread out with there being numerous pockets of oil in smaller quantities- not in one large bubble you dig down to and pump out.
    "Proven Reserves" means the amount that can be extracted and produced with current technology at a economical (profitable) benefit. Proven reserves can increase with rising prices or with improvements in technology. Each additional quantity of oil gets more costly to produce (higher marginal costs).

    The largest oil fields are the
    Ghawar, which produces 4.5 million barrels per day, Cantarell in Mexico, which produces nearly 2 million barrels per day, Burgan in Kuwait which produces 1 million barrels per day and Da Qing in China which produces 1 million barrels per day. Ghawar is, therefore, extremely important to the world's economy and well being. Today the world produces 82.5 million barrels per day which means that Ghawar produces 5.5 percent of the world's daily production.
    http://www.energybulletin.net/1269.html Ghawar is thought to have about 71 billion barrels remaining- more than three times the total US reserves. http://en.wikipedia.org/wiki/Ghawar

    Wells can be capped for a couple of reasons. One would be because the costs of extracting and refining the oil is not economically feasable at this time or they could be keeping the oil in reserve for when other sources dry up so they will have future production available.
    Last edited by Zippyjuan; 03-12-2008 at 03:30 PM.



  10. Remove this section of ads by registering.
  11. #9
    As a Ron Paul supporter, surely your mind could be open to the possibility that what you read on MSNBC regarding proven oil reserves may be figures provided by people who don't want it known that oil is more abundant that it seems?

    Kind of like the Federal Reserve's consumer price index, or the federal government's unemployment figures. Inflation and unemployment are surely much more abundant than they report

  12. #10
    You have to trust somebody's figures. How do you decide what is true? How can you be sure that what you think is correct and everybody else is wrong? Where do you get what you consider to be reliable figures from?

  13. #11
    Quote Originally Posted by Zippyjuan View Post
    You have to trust somebody's figures. How do you decide what is true? How can you be sure that what you think is correct and everybody else is wrong? Where do you get what you consider to be reliable figures from?
    The willingness to accept a certain figure as the "authority" or "reliable" is the exact reason why the elite and the media are able to tell you $#@! they pulled out of their ass, and the masses accept it as some sort of fact or truth.

    I'm sure somewhere truth or reliable figures exist, but you have to be on the defensive, not eager to accept the first thing you hear as truth.

  14. #12
    So you have no idea if you have correct information or even the slightest idea of what the truth really is. It is equally possible that the media gives the truth and the sources you prefer are not telling the truth or that the media lies and your sources are the only true ones. How can you tell the difference?

  15. #13
    Quote Originally Posted by Zippyjuan View Post
    So you have no idea if you have correct information or even the slightest idea of what the truth really is. It is equally possible that the media gives the truth and the sources you prefer are not telling the truth or that the media lies and your sources are the only true ones. How can you tell the difference?
    Don't make me research your post history, because you are seeming to be quite trollish right now.

    The difference is, the media revealed their true colors with the coverage of Ron Paul before the primaries. If you fail to realize or admit how evil those sacks of $#@! are, you are probably a troll on their side.

  16. #14
    Sorry, you just hinted in an earlier post that there were some more accurate sources for information besides MSNBC. I was just curious what some might be. "Somewhere" does not point me in any direction. I try to look at many sources.

  17. #15
    Quote Originally Posted by TulsaRevolution View Post
    As a Ron Paul supporter, surely your mind could be open to the possibility that what you read on MSNBC regarding proven oil reserves may be figures provided by people who don't want it known that oil is more abundant that it seems?
    Actually, I think it's the other way around. According the Matthew Simmons and others, stated reserves have been grossly exaggerated. The old rules in OPEC were that the amount of oil that a country was allowed to sell was proportional to their stated reserves -- so countries were motivated to inflate them.

    I'm willing to believe that adiabatic oil might exist. However, so far, no such thing has been discovered. Also, existing oil fields have been shown by Hubbert and others to closely follow a bell-shaped curve. The peak of US production, in particular, was predicted years in advance this way. What's true for one oil well is true for a whole country and the whole world.

    Another thing to consider is that no ultra-large oil fields have been discovered in something like 40 yrs. So even if ALL oil was adiabatic, what does it really matter? The rate of discovery is well below the rate of consumption.
    You can ignore reality, but you can't ignore the consequences of ignoring reality

  18. #16
    Quote Originally Posted by Zippyjuan View Post
    Sorry, you just hinted in an earlier post that there were some more accurate sources for information besides MSNBC. I was just curious what some might be. "Somewhere" does not point me in any direction. I try to look at many sources.
    Sorry. I indicated that I'm split on the reality. Meaning, the official reports could very well be right. But I give people like Lindsey Williams a little more credit than some people would, because I hold the opinion that there are forces out there that don't want the truth to be heard. If the truth is actually being told, it reached me by luck, not by design. Lies reach me by design.



  19. Remove this section of ads by registering.
  20. #17
    Quote Originally Posted by AceNZ View Post
    Actually, I think it's the other way around. According the Matthew Simmons and others, stated reserves have been grossly exaggerated. The old rules in OPEC were that the amount of oil that a country was allowed to sell was proportional to their stated reserves -- so countries were motivated to inflate them.

    I'm willing to believe that adiabatic oil might exist. However, so far, no such thing has been discovered. Also, existing oil fields have been shown by Hubbert and others to closely follow a bell-shaped curve. The peak of US production, in particular, was predicted years in advance this way. What's true for one oil well is true for a whole country and the whole world.

    Another thing to consider is that no ultra-large oil fields have been discovered in something like 40 yrs. So even if ALL oil was adiabatic, what does it really matter? The rate of discovery is well below the rate of consumption.
    Yeah, like I said, I'm split. There is the peak oil crowd, there are the official reports, then you have this stuff from guys like Lindsey Williams. Who knows what to believe really?

    Think about it economically tho. It could go either way.

    Oil companies could be lying and saying they have bigger reserves than they actually do, to keep people from being as eager to switch over to alternative fuels and invest in research rather than invest in traditional oil extraction.

    Or, the financial system could be covering up MORE oil reserves than are being disclosed, because we would rather have the people BELIEVE That oil is scare, and ON that belief, pay extravagant prices under the assumption that it is becoming more and more scare - While at the same time being more and more reliant on foreign imports, foreign imports that prop up the US dollar and get willing participants involved in the purchase of our ever-increasing debt.

    The only other possibility is that what we hear on the news is true. After witnessing what the media did with Ron Paul, why would anyone on these forums believe for a single second that the media is reporting the NEWS instead of reporting PROPAGANDA for a larger purpose?

  21. #18
    Search google video for Ron Paul's speech on dollar hegemony. It is a very interesting and unifying topic.

    Member #43 of Ron Paul's Campaign for Liberty
    Smallest Political Quiz
    Judge Napolitano on Ron Paul
    Constitutional Republic
    A Republic If You Can Keep It
    Ron Paul in 1988

    In the beginning of a change, the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.
    -Mark Twain

  22. #19
    Quote Originally Posted by TulsaRevolution View Post
    Yeah, like I said, I'm split. There is the peak oil crowd, there are the official reports, then you have this stuff from guys like Lindsey Williams. Who knows what to believe really?
    If you dig into the published data on oil production, as I've done, along with the history of published oil reserves and added reserves vs. consumed. Then factor in the way that the Saudis operate their wells, where they force water in the wells very early on, which improves short-term production at the expense of a reduction in the total amount of oil that can be extracted. After a while the story becomes very clear. Global oil production will start to decline in the very near future.

    I watched the full Lindsey Williams video, and I found him very hard to believe. I even went and looked at some satellite photos of the region in Alaska he mentioned (on Google Maps), and didn't see anything like what he described -- no well heads, no buildings, nothing. Plus, the guy is a minister; he's not a technical expert -- and his whole story just doesn't add up. If anything, it seems like he's being manipulated by the oil interests and has jumped into it to sell a few books (his book is available online, too; I read a little of it, and can't say that I'm impressed).

    If you listen carefully to what oil executives say, their story is always the same: "don't worry", "we have enough oil", "no need to panic", "we're finding new oil all the time", etc, etc. People like Matthew Simmons have actually been marginalized and ridiculed by Big Oil. I suspect Big Oil doesn't want people to think oil is scarce, because then they would start conserving and using less, which would be bad for business. If you're looking for deception and lies, that's where you'll find it....
    You can ignore reality, but you can't ignore the consequences of ignoring reality



Similar Threads

  1. OK I'm backing up the truck (Ag)
    By GunnyFreedom in forum Open Discussion
    Replies: 23
    Last Post: 09-20-2014, 01:09 PM
  2. Replies: 0
    Last Post: 09-09-2014, 07:11 PM
  3. Backing up Ron Paul
    By socal in forum Ron Paul Forum
    Replies: 1
    Last Post: 04-01-2012, 05:05 PM
  4. Rhetorical Device: Competition in Currency as Open-Source Currency
    By BarryDonegan in forum U.S. Political News
    Replies: 3
    Last Post: 10-04-2010, 05:53 AM
  5. Replies: 3
    Last Post: 01-19-2010, 01:39 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •