At this juncture this is where we separate from the economic and financial pack that really do not understand history and what is really going on. The powers behind the scenes long ago decided that it was time to bring about conditions that would lead to the implementation of world government. Just go back into the history of the last 1,000 years. These people have tried this over and over again, so to us this is no surprise. 99% of writers, economists and analysts do not understand as yet and most will never understand. Even if they do they are afraid to write about it, thus, the world suffers as result. The Pollyannaish attitude of professionals who should know better shows you how removed from reality they really are. The facts stare them in the face and they do not have the guts to properly interpret them.
As oil and gasoline prices head for the moon the White House tells us that the president is considering tapping into the strategic oil reserve to ease soaring oil prices. All that will do is delay the inevitable, like the use of price controls. The second reason and a powerful one is to generate cash flow to relieve pressure on the Fed, which has been buying 80% of Treasury and Agency securities. What would be done would be a drop in the bucket and when replacement time comes government probably will have to pay much higher prices for oil to refill the reserves.
There is no question that higher petroleum and food prices will kill any chance of economic recovery. Perhaps this situation has been created to cast blame on the Middle East - N. African situation to cover for a recovery, which had not become reality. This past Friday oil closed up $3.07 at $104.97, the highest level in 18 months, as fighting increased in Libya. There is considerable spare capacity and pumped reserves worldwide, but by the time nations, if they will, get into action prices could be considerably higher. The impact of these higher oil and food prices will change the mode of living in the first world and starve millions in the third world helping the elitists rid their world of useless eaters. If China stops adding to their reserves and the Saudis’ increase production, both would help the situation, but will China stop? As we write citizens in Saudi Arabia are demonstrating in the streets. Where will that lead? If Saudi falls to the people you can expect $300 oil, and that would even be more disastrous. In such a scenario the world would be engulfed in massive inflation and gold, silver and commodities would head straight higher. Even if Saudi stays the same and China cuts back the best that can happen is a reduction in prices of 10% to 15% and that is simply not enough. The bottom line is these actions are an exercise in futility. No easy way out. Incidentally, this did not have to happen; it was planned by the elitists that way.
