by Kenneth White, president
Virginia Taxpayers Association
How the crisis in the Middle East began
Lindsey Williams called me and explained what is going on in the Middle East...Now I understand why the regimes there are being removed.
Very briefly as background, Henry Kissinger made a deal with the Middle East some decades ago that we would make them wealthy beyond their expectations by buying their oil. In return, they were to take a portion of their income from oil sales and buy our debt by purchasing Treasury securities, T-Bills, etc..
We would then produce but a pittance of oil in this country although we have literally enough oil in this country to last us 200+years. Now the elite are going to double cross the M. E. and OPEC.
The current crisis was initiated by the CIA using paid agitators in Egypt. The crisis will spread to the ENTIRE Middle East. Although they did not initiate current events, the Muslim Brotherhood is being supported by the elite in the crisis areas in the aftermath. Once Iran and Saudi Arabia fall, oil will soar.
Between the ongoing crisis and the continued decline of the dollar oil will go to $150-200 within nine months. When it gets close to the $ 200 level, the U. S. will cease to purchase M.E. oil. At that time we will produce oil from Gull Island in Prudhoe Bay and ANWR (Arctic National Wildlife Refuge) in Alaska, the Bakken Formation in the Dakotas and the Rocky Mountain shale oil. (He said "Below the Rocky Mountains are two trillion barrels of oil.)
The elite will then sell OUR $ 200 oil to us at the gas pump for $ 6-7. This will further devastate the American economy as Americans will be hard pressed to drive long distances to work, Truckers and airlines will be hard pressed to operate. The military will be badly affected.
Once we cease to purchase oil from the M E. the Arab nations and Iran will go broke. The billions or trillions of Treasuries, dollars etc. held by the M. E. will become worthless when the dollar collapses next year.
China is not reliant on M. E. oil (much to my surprise). Russia has surpassed Saudi Arabia as the no. 1 oil producing country in the world. This was accomplished by Russia drilling mega-wells (can’t remember the industry term) down to 40000 + feet and discovering essentially unlimited supplies of oil. Now Russia and China have entered into an agreement whereby Russia will supply ALL of China’s oil. The U.S. will not be able to buy from Russia forcing us to rely on our own oil production.
Again, there will be no food shortages in this country but the decline of the dollar will create hyper-inflation making food extremely expensive. He cited garlic as a recent example which doubled in price in one week. Have six-twelve months supply of emergency food (dehydrated) on hand. ( As a side note to this FEMA has been buying dehydrated foods for a couple of years. Now one of the largest dehydrated food producers in the country announced last week they will no longer sell to the public as FEMA is buying 90% of their production.)
Lindsey reminded me that Bush, Sr., CFR, was ambassador to China when China was a closed society and a closed market. Subsequently, Bush opened up China and it is now destined to replace the U. S. as the world’s super power. As a side note to the non-believers, Bush’s opening line in his speech after Desert Storm was “We now have a New World Order.” I almost fell out of my chair to hear the leader of the world’s super power admit it.
China now produces 80% of all components for the U. S. military. When Caterpillar and other U.S. companies open plants in China they MUST turn over ALL patent rights to China. That’s but one of the costs of doing business in China. China is now using its excess dollars to quietly buy controlling interest in American corporations. Essentially they own this country because money talks. Watch China and no one else to see what will happen.
The end game is to bring the U. S. into the NWO. This has been accomplished by shipping jobs and factories overseas and destroying the dollar. China will replace the U. S. as the world power. The Renminbi will no doubt replace the dollar in that regard. China will NOT dump the dollar or Treasuries but is co-operating with the U.S. to steadily depreciate the dollar.
Most of this will NOT happen in 2011. But the dollar will be dead by the end of 2012 at which time he believes a gold backed global currency will come into place along with a One World Government and the New World Order.
Lindsey asked that this info be passed to as many as possible in order that they might prepare.
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