Seems the Saudi's may have been exaggerating a bit on their reserves - http://www.cnbc.com/id/41492809 - perhaps as much as 40%.
Hubbert's Peak: The Impending World Oil Shortage (New Edition)
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Meanwhile..... 12 Economic Collapse Scenarios That We Could Potentially See In 2011 - http://beforeitsnews.com/story/366/437/12_Economic_Collapse_Scenarios_That_We_Could_Potentially_See_In_2011.html
Here's a tease:
#1 U.S. debt could become a massive crisis at any moment. China is saying all of the right things at the moment, but many analysts are openly worried about what could happen if China suddenly decides to start dumping all of the U.S. debt that they have accumulated. Right now about the only thing keeping U.S. government finances going is the ability to borrow gigantic amounts of money at extremely low interest rates. If anything upsets that paradigm, it could potentially have enormous consequences for the entire world financial system.
#2 Speaking of threats to the global financial system, it turns out that "quantitative easing 2" has had the exact opposite effect that Ben Bernanke planned for it to have. Bernanke insisted that the main goal of QE2 was to lower interest rates, but instead all it has done is cause interest rates to go up substantially. If Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt bubble that the entire global economy is based on could burst at any time and throw the whole planet into chaos. According to a new report from the World Economic Forum, the total amount of credit in the world increased from $57 trillion in 2000 to $109 trillion in 2009. The WEF says that now the world is going to need another $100 trillion in credit to support projected "economic growth" over the next decade. So is this how the new "global economy" works? We just keep doubling the total amount of debt every decade?
Makes ya all warm and fuzzy inside, right?
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Insider Reveals Illuminati Plans and Structure - http://beforeitsnews.com/story/390/794/Insider_Reveals_Illuminati_Plans_and_Structure.html
Don't know if I've ever seen it this detailed before - the grand conspiracy.
Illuminati: The Cult that Hijacked the World
Founding Fathers, Secret Societies: Freemasons, Illuminati, Rosicrucians, and the Decoding of the Great Seal
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Top Ten countries % External debt-to-GDP ratio - http://beforeitsnews.com/story/233/407/Top_Ten_countries_External_debt-to-GDP_ratio._Same_list_has_names_of_countries_with_blood_in_their_streets._Whos_next_by_Tom_Dennen.html
looking at the data - will someone tell me why the Pound is not in more trouble?
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Water as Fuel: 1992 Stanley Meyer Interview Found - http://beforeitsnews.com/story/394/675/Water_as_Fuel:_1992_Stanley_Meyer_Interview_Found.html
Fuel, the ultimate conspiracy.
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When The S.H.T.F.
While mankind has been predicting its own end nearly since the beginning of society - perhaps never has the feeling of such an occurence seemed more probable. This blog will dig into the various threats - real or perceived - that seem to be pointing to the collapse of the modern human structure.
Thursday, February 10, 2011
Did Wikileaks Just Confirm Peak Oil?
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