If National Debt is not Important, why are we paying Income tax

Note: This article is focused on the United States, but the same question should be asked everywhere else?

By MIKE ADAMS | NATURALNEWS.com | NOVEMBER 23, 2012

The U.S. federal government is over $16.2 trillion in debt. But that doesn’t really matter, we’re told, because the Federal Reserve — a private banking monopoly — can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called “QE unlimited,” meaning unlimited quantitative easing (money creation).

On top of that, U.S. Treasury Secretary Timothy Geithner recently suggested we simply eliminate the debt ceiling altogether and launch America into INFINITE debt.

This program of fiscal suicide is already under way. The Federal Reserve announced a few weeks ago that it would begin buying up to $80 billion a month in U.S. debt, continuing indefinitely.

At the same time all this is going on, the government insists it needs to confiscate an ever-expanding portion of your income in order to increase “government revenue.” Current federal tax “revenues” (which is a warped word to use for taxes in the first place) are at roughly $2.4 trillion a year.

But hold on just a second… and here’s the IQ test, are you ready?

If the Federal Reserve can just create trillions of dollars a year in new money and hand it over to the federal government, then why are tax revenues needed at all?

Answer: They aren’t.

If debt doesn’t matter, then taxes aren’t needed at all

Under the current system of unlimited spending, unlimited money creation and unlimited debt that “doesn’t matter” according to the bureaucrats in Washington, there is absolutely no reason why any so-called “revenue” needs to be collected from the working class population whatsoever. “Revenue” only matters if debt matters, and we’ve been told by everybody in Washington (except Ron Paul) that debt doesn’t matter.

Logically, then, we need no income tax at all. The President could simply announce the elimination of all federal taxes and the closure of the IRS, then have the Fed print up the money it needs. No more income taxes… ever! Imagine the savings in paperwork reduction alone…

This instant creation of money by the feds is not only possible, it has already been done. Remember the “too big to fail” bankster bailouts that began in 2008? Bailout totals have exceeded $2 trillion. Do you know where that money came from? The Fed created it out of thin air. They can do this any time they wish, of course. It takes about sixty seconds and a single computer entry at the Fed, matched by an inverse entry at the U.S. Treasury. In mere seconds, whammo! Another couple of trillion dollars (and debt) is magically created.

The real purpose of the income tax? To oppress the economic mobility of the little people

If the income tax is not mathematically needed to provide revenue to the federal government, what is its real purpose?

As anyone who has deeply studied the social impact of the tax code well knows, the true purpose of the tax code is social engineering. And more specifically, to oppress wage earners and small business owners for the purpose of making sure they can never save enough money to stop working.

The United States of America is, after all, a “tax farm,” meaning the productivity of the working people is harvested by the government to be used for whatever nefarious schemes the corrupt bureaucrats have in mind: Endless wars, creating economic dependence through welfare, giving money to their crony insider crooks, and so on.

Besides, the last thing the elitists want is competition from upwardly mobile citizens who mistakenly think they can rise above their economic class and compete with the global elite. “The power to tax is the power to destroy,” Daniel Webster famously said in an 1819 U.S. Supreme Court case. Chief Justice Marshall agreed: “That the power to tax involves the power to destroy… [is] not to be denied.”

And that’s the point of the income tax: To destroy the ambitions of the working class and keep them enslaved in a system of economic servitude that is mathematically designed to ensure permanent subjugation to the system.

It has absolutely nothing whatsoever to do with creating “revenue” or raising money to build roads and schools. That is a total delusion played off by both Republicans and Democrats to prevent people from realizing the far more powerful truth that federal income taxes aren’t necessary at all.

So the next time you hear someone say we need to pay more taxes to “raise revenue” for the federal government, you can confidently laugh in their face at the absurdity of the statement. The federal government can create all the revenue it wishes through an instant computer entry. The point of the income tax is to make sure you never escape the Matrix of economic enslavement.

Article copyright Natural News Network © 2012 All Rights Reserved

BP Oil Spill: A Planned Mega Disaster Part III

There is no way BP would not know they were misleading everyone,” Matt Simmons had said. “They would have to be deaf, dumb, and blind and they’re not. These are smart guys.”

by Micheal Kollmann
Newsvine.com
March, 2012

Part I   Part II   Part III

The little pin that prick and burst the 2008 Oil Bubble

Even with the gradual $8/bbl/yr increase trend, deep water exploration was not an attractive billion dollars investment. They rammed up the price increase trend to $30/bbl/yr at the start of 2007. By July 2008, the highest spot price was $150/bbl and projected to reach $200/bbl (forecast by Simmons and various analysts in Bloomberg). But they could not blow up a rig while the potential whistle-blower with all the incriminating details was alive. The whole Oil Bubble-2012 Doomsday Plot could only work with mass deception at play. Like any bubble, it would collapse with just a tiny leak. Which is why WikiLeaks is so potent. Which is why PFC Bradley Manning and Julian Assange had to be put away.

 Initially, we too could not understand why whistle-blower (Lim) had so many attempts on his life. We studied his files and police reports submitted to several countries. Ironically, despite the credible evidence, none of the governments dared to initiate any investigation. This together with all the other cases (Manton, Wheeler, Simmons, Tucker, Jim Black etc) only serve to confirm our theory on the planned mega disasters. They might have been planned before 2001. Without the covert assistance of the government (miltary, homeland security, CIA, FBI, USCG etc) such a global oil bubble could not fly.

 Unlike the failed tsunami on December 26, 2006, the planned blowout-mega oil spill in the Straits of Malacca was more predictable. To be sure the gas hazards conditions were precarious enough to blow, they fielded Lim to give his verbal expert opinion just as they did with the Schlumberger Specialists on the Deepwater Horizon, 13 hours before the blowout.

 They needed assurance before placing billions of dollars on bets. The last thing they needed was another mega oil spill that did not materialized. However, they did not expect Lim to put his expert opinion in writing. When Lim received muted responses to such a critical oversight by the geohazards contractor, he elaborated and backed his high risk assessment with even more diagrams and data. He suspected something was amiss with the deafening silence. To make sure the head offices knew what was really going on at site, he later packed his reports off to more than 7 head offices across 3 continents.

 When he realized his life was threatened by what he knew, he engaged a lawyer and officially warned the contractor’s HQ and directors based in the Hague. His worldwide circulation of his written memos, police and whistle-blower’s reports probably saved his life. If he had kept quiet, they would have been a more aggressive in assassinating him. Like any covert operation, secrecy was of utmost importance. They did not realized eliminating him would be such a hassle. It took longer than expected. By then, too much insider information had been leaked out and circulated worldwide. Lim had to be eliminated before they could explode the first mega spill in the Straits of Malacca.

 But the markets could not hold up too long on an artificially inflated COP especially with the weak global economy and financial burden bursting at the seams. The COP started its slide from a high of $150/bbl on 14 July 2008. This is only obvious on hindsight since the daily fluctuation was $15-$20/bbl. The COP ended at $35/bbl on 24 December 2008.

 Daily crude production peaked at 74 million barrels per day in 2004 (wikipedia).

Instead of reaping mega windfalls from an anticipated $50 rise in COP to $200/bbl (from $150/bbl), many of the privileged banksters (including Simmons) were caught flatfooted with a hefty $115 price crash. It was no surprise Dubai could not meet its financial obligations in the early months of 2009. With a world’s production of >70 million barrels of oil per day, a $100/bbl drop in oil price would cause a $7 billion shortfall per day. For 4 months, that would be a cool $840 billion loss in revenue. For those caught on the wrong side of the market trend, the losses were unimaginable. There was a lot of cooking the books and illegal transfers of mass losses/liabilities all of which were conveniently blamed on the 2008 financial meltdown. The unexpected gambling losses due to a stalled mid-2008 blowout were completely blanked out. All the corporate weaknesses and irrational exuberance came to bear.

The carefully orchestrated plot from this point on, started falling out of place and out of pace. In a marathon bubble, maintaining momentum was critical as any marathon runner can tell you. Once you are out of steam, you drop out of the race. Instead of ending his presidency on a high note with bountiful cash, President Bush bankrupted the US. They had gambled America’s wealth on the world’s largest oil casino and lost. The emergency fund to relieve the gambling debts was beautifully coined as Troubled Asset Relief Program. $700 billions were urgently needed to plug the immediate shortfall while they desperately tried to push back the COP to pre-crash level.

 More diversion, deception and hype to salvage a desperate situation and a failing plot

The fast failing plot was made worse with an incoming new president and administration. Obama was certainly not in the loop and had to be gradually introduced to the plot. Meanwhile the American public and the world were agitated with more diversion and deception to prepare the confused market for another round of blowout-oil spills later in the year.

 For example in the radio-talk shows in April 2009, Alex Jones’ interviews with Steve Quayle and Lindsay Williams were full of the buzz words; “depopulation”, “viral infection”, “Mexico”, “chilling effect”, “mind control”, “zombies”, “once the blood begins to flow, it does not stop”, “buy gold/silver”, “satanic” , “quakes”, “$100 oil”, etc.

Did Steve Quayle Alex Jones Unknowingly discussed Macondo Mega Oil Spill Disaster 1 Year Before It Happens?

 But without the momentum from the first blowout-spill in mid 2008 and the uncertain economical setting following the 2008 financial meltdown, the series of planned blowout-oil spills across the world could not do their magic. Even the Montara oil spill of 2,000 barrels per day for 74 days failed to move the markets beyond the $20/bbl fluctuation. For some reasons, the BP-Transocean and Shell-Transocean blowouts in the Caspian Sea and North Sea were non-events.

 The BP-Macondo well could not go deeper than 4,000 ft below the seafloor. Mother Nature refused to cooperate. Hurricane Ida intervened on 9 November 2009. That dashed all hopes of COP rising even above $80/bbl in 2009. But still every dollar increase would help to ease the pain. The oil spill from the Macondo well had to blow no matter what and it had to blow big to make up for the mid 2008 failure. But it was a case of too little too late.

 When the BP-Macondo well finally blew on 20 April 2010, the $130/bbl/yr tailwind hike was long gone. Although the oil spill was 100 times worse than the Montara spill, the COP hardly moved beyond the $15/bbl fluctuation range. The combined effect of all the 4 blowouts was insignificant. In fact, the COP rate trend decreased from its natural rebound trend of $30/bbl/yr to just to $13/bbl/yr. The hundreds of millions Goldman Sachs managed to salvage from the BP’s share price drop, were just tiny drops of what they would have made if their mid 2008 blowout-spill had exploded in the Straits of Malacca as scheduled.

 They had lost the war

Like Hitler in the last days of the war, they will try to destroy whatever is left. They still have a few more bullets left but the bazookas are long gone. The commanders of the dark forces are just old men and women (chicken hawks as Jesse Ventura called them). There is no reason for the lieutenants to continue running the tasks of mass destruction on the ground. The evil grand scheme has gone kaputt. The current Euro zone crisis and the economic fallout being felt across the world are proofs of that failed grand evil scheme.

At the most the COP will rise to $120/bbl before dropping off to a more sustainable level of $70-90/bbl. There is no end of the world on 21-12-2012 or whatever. It was just a Hollywood hype to demoralize the world and to create anarchy. A carefully orchestrated sequence of explosions is needed to create an earth shattering giant tsunami. Without this grand scheme, all these spontaneous disasters (planned or otherwise) will only create ripples not tsunami waves.

The oil giants will not give up so easily either. They will apply to drill even in the most uneconomic but pristine and environmentally sensitive parts of the planets. Not because of their intention to produce but to hike the COP and scheme another global oil bubble. We are still living out the economic fallout of such evil schemes. Do we really want another global oil bubble to grow and blow in a few years time?

As Ben Fulford said in his latest posting:

As predicted, the collapse of the Satan worshiping financial mafia is accelerating. U.S. Treasury Secretary Timothy Geithner was detained for questioning by New York police on February 24th and was released after giving evidence about many high level financial criminals, according to New York police sources. “In most cases we have to slap people to get them to talk but in his case we had to slap him to shut him up,” one of the interrogators joked. Geithner has been released but is accompanied at all times by an armed deputy to make sure he does not leave the country. Former Prime Minister Silvio Berlusconi of Italy is also proving to be very talkative, sources in Europe say. Berlusconi has been released. Meanwhile, meetings between White Dragon Society representatives and South Korean government officials last week in Seoul were very productive.

Special thanks to Jeff Rense, GrandeLander, BK Lim, David Wilcock, Benjamin Fulford and several others for their background information, assistance, support and research work used in compiling this article.

 This article is dedicated to all the victims and those affected directly through the loss of their loved ones in these planned mega disasters in particular 911, 311, Gulf Disaster and 26 December 2004 Tsunami.

 Some of the more important references & contributions for this article (in no particular order):

Why more advanced prehistoric civilizations collapsed into stone ages, repeatedly – in draft (BK, 2010).

Shindell, D. T.; Faluvegi, G.; Koch, D. M.; Schmidt, G. A.; Unger, N.; Bauer, S. E. (2009). “Improved Attribution of Climate Forcing to Emissions”. Science 326 (5953).

http://real-agenda.com/2012/02/24/the-bp-gulf-oil-spill-disaster-an-explosive-detonation/

http://www.rense.com/general93/Part-1%20Mystery%20of%20the%20New%20Found%20Oil%20revealed%20JR.pdf

http://phoenixrisingfromthegulf2.wordpress.com/2010/12/11/bp-and-macondo-evidence-now-shifting-from-lihop-to-mihop/

http://bklim.newsvine.com/_news/2012/02/10/10376634-bps-deception-in-the-gulf-part-1-the-farcical-3-leaks-on-the-broken-riser-story

http://bklim.newsvine.com/_news/2012/02/18/10444673-911-ii-caught-sleeping-on-the-job-or-part-of-a-contrived-plot-to-blow-up-dwh

http://grandelander.newsvine.com/_news/2012/02/15/10412019-bps-post-blowout-blueprint-before-incident-confirms-inside-job

http://grandelander.newsvine.com/_news/2012/02/26/10509542-a-fishy-tale-which-could-only-mean-that-dwh-blowout-was-a-planned-event

http://inflationdata.com/inflation/inflation_rate/historical_oil_prices_table.asp

http://thinkprogress.org/romm/2012/02/08/421061/big-oil-higher-prices-record-profits-less-oil/

http://kauilapele.wordpress.com/2012/02/27/benjamin-fulford-2-27-12-u-s-treasury-secretary-timothy-geithner-arrested-questioned-and-released-asian-negotiations-continue-the-cbs-news-network-in-the-us-has-broken-with-the-cabalist/

http://the2012scenario.com/2012/02/was-treasury-secretary-arrested-questioned-released/

http://divinecosmos.com/start-here/davids-blog

http://benjaminfulford.com/indexEnglish.html

BP Oil Spill: A Planned Mega Disaster Part II

There is no way BP would not know they were misleading everyone,” Matt Simmons had said. “They would have to be deaf, dumb, and blind and they’re not. These are smart guys.”

by Micheal Kollmann
Newsvine.com
March, 2012

Part I   Part II   Part III

Does the story fit in so far?

Alan Greenspan increased US interest rates to record levels in 2003, then reversed them back to almost zero level. Created bubbles after bubbles (credit, housing, dotcom, sub-prime, energy etc bubbles) to engineer economic booms and to drive up the demand for oil. In between the peaks and troughs (created by the planned series of disasters) banksters picked profits from windfalls and plowed them back to fund even more ambitious market manipulations.

It was basically doubling the bets after each round of win at the roulette table. With the rigged game there was apparently no risk at all. As confidence built up, bigger bets were placed to capture bigger market share and to make even bigger killings in futures and Forex trades. All in the name of globalization. Where did the massive injection of funds come from?

 The FED couldn’t just give them the money. That would raise eye brows. They had a better way. They printed quality fake bonds to be used as collateral against short term borrowings. Once the killings were made after the expected outcome of a PMD, the borrowed funds were returned only to be used for the next PMD.

See $134 billion US bond mystery solved

 At the last count, there were trillions upon trillions of such fake bonds turning up in Italy, UK and other parts of Europe. See David Wilcock’s Financial Tyranny Final.

 It doesn’t take an Alan Greenspan to know that all these easy quick Ponzi schemes will burst sooner or later. It is the law of nature that what ever goes up must come down. You can’t inflate a bubble without the risk of bursting. There is always the underside. So how did they intend to end the global financial “merry-go-round”?

The grand plan was to end Bush’s presidency with a big bang and mega windfalls for the elites.

Six months before the sub-prime/toxic derivatives bubble was expected to burst, a giant tsunami would swamp the financial centers of the Asian Tiger economies. Besides wiping off a huge part of the population, it would also wipe out quite a lot of the toxic debts. Lehman Brothers would not be in dire straits and there would be no credit crunch if only the submarine earthquake south of Taiwan had unleashed its powerful tsunami on December 26, 2006. The South China Sea and the Sunda Shelf ocean terrain were perfect for such a tsunami calamity. The Sumatran Tsunami on December 26, 2004 killed more than 240,000 people across the Indian Ocean over a much larger area.

 The Taiwan quake was triggered at exactly 26 minutes past the hour just as the 2003 Iran quake did. To have 3 devastating quakes on December 26, in 4 years is already a suspicious coincidence. Mother Nature could not be that precise even if she wanted to. At more than 4 billion years old, she is just too old for this kind of precision. Not only that. The scale of devastation seemed to swing from being too powerful to too weak. The Bam Iran quake was an onshore test for political-military objectives. It was never intended to be a tsunami-generating quake.

 The first tsunami-generating quake on trial was the 2004 Sumatran quake. It was a bit too powerful. The resulting tsunami destroyed and killed more than expected. An early trigger (or delayed from the preset time of 26 minutes) nearly destroyed the USS San Francisco involved in the covert operation to trigger the quake. Similarly, insiders to the planned BP-Macondo blowout were alerted to move out to safety before the well blew at 21:45 CDT. Arranged eye-witnesses mistakenly quoted the “accidental disaster” at 21:45 CDT not realizing the mayday call was sent out only at 21:52 CDT.

 So what’s the beef with a few minutes? A lot, if the event reported had not happened yet and the eye-witness reporting it couldn’t have possibly known at that time.

Coupled with his time error of 3 minutes, he inadvertently reported an incident 10 minutes earlier than he should. Further, how could he have known the well blew at 21:45, 10 miles away? The fireworks started only after 21:49 CDT with the widely reported rig fire. The rig fire could have resulted from any accident. No one knew about the blowout yet. Coupled with the numerous fortuitous events that could only have happened with astronomical odds, the BP-Macondo blowout was a planned event, just as the 3 quakes on December 26, 2003, 2004 & 2006 were.

For more details see Natural Accidental Disasters Timed To Happen

So the next tsunami-generating quake south of Taiwan was toned down, probably by too much. Sort of trial and error type of setting. While the COP rate did increase by almost 4 folds, from $8/bbl/yr to $30/bbl/yr those who had placed huge bets on the consequence of a devastating tsunami event, lost just as much as they had expected to gain. Instead of a tsunami windfall, they were hit with a triple whammy. This probably started their losing streak as we shall see later.

 How The Gas Prices Are Manipulated By The Koch Brothers And Other Wall Street Players

When future oil prices are expected to rise–which means when demand is expected to exceed supply–big banks and companies like Koch start buying up oil and storing it in massive containers both on land and offshore to lock in the oil for sale later at a set price.

In 2008, Fortune magazine reported that Koch Supply & Trading leased the 2-million-barrel-capacity Dubai Titan that year, the third supertanker the company has leased, because the demand for oil storage was so high that Koch and other big investors who could not secure storage on land have resorted to leasing supertankers and using them as floating oil tanks.

 Just to digress a little, they finally got it just right in the 311 Fukushima Japan Quake. The next quake-tsunami (China’s turn probably in 1210 or some other combination once this article is published) to hit will be centered offshore north of Taiwan. The tsunami devastation will cover much of the heavily populated industrial west coast of China all the way to the north of Bohai Bay. Those who survived the tsunami will continue to suffer toxic poisoning of the crude emanating from the leaking oil fields offshore. But this will not happen until just the eve of a world war involving China or when China refuses to bow down to US demands. (Next article).

 The tsunami-quake method of mass destruction is principally the same as the mega oil spill technique. Both unleash the natural forces locked up by Mother Nature. NWO-funded loud-bloggers have been busily refuting such criminal use of natural disaster by pointing out the enormous amount of energy or depth of placement required to generate an earthquake. Not necessarily so. When the crustal margins are already on the brink of failure, only tiny inducement is necessary.

 Detailed geological, oceanographic and satellite data had been available for decades and studied for years to determine where the active seismic zones were and where sections of the earth’s crust had been locked up from releasing their stress. A few strategic detonation in an appropriate sequence can unlock and release the enormous stored energy. Used in unison with HAARP, large bodies of water can be displaced to generate giant tsunami waves. Subsequent after-shocks and seismic activities from world wide crustal adjustment, will mask the crime perfectly.

 In contrast, mega oil spills start life like any exploration project. After years of mapping and selecting the most appropriate “spill well”, the necessary drilling permits are applied as per normal exploration. The low level geologists mapping the prospects need not know the ulterior motives. That was why Dr Tony Hayward (a geological expert) was needed to oversee the Macondo prospect, to make everything goes according to plan. There is thus, a longer lead time (gestation period) and once set in motion, difficult to adjust due to stringent offshore regulations. From the graphic-time line, 911 and the war series started soon after the start of the Bush-II administration in 2001. This was followed by the quake-tsunami series and the mega oil spill-blowout series only started in 2008, more than eight years later. There is of course some overlaps to this main pattern of triggered disasters to give a semblance of “random naturalness”. Less suspicious conflicts and disasters in between, are omitted not to cloud the “intentionally confused picture”.

 Oil exploration deregulation by Cheney = Banking deregulation by Alan Greenspan

It was no coincidence that offshore deregulation started almost as soon as Cheney took office with a series of secret meetings held with the oil companies in 2003. Unknown to many, the project plan for the Macondo blowout-mega oil spill in the Gulf of Mexico (GOM) kicked off in March of 2007. The well was destined to blow 9 months after the new President took office in 2009. It was no coincidence that a highly qualified and experienced geologist (Dr Tony Hayward) was selected to take over as BP CEO in March 2007, replacing the disgraced Lord Browne who was better known for his aggressive cost cutting and corporate growth.

 Coincidentally again, Dr TB Manton was singled out as the biggest stumbling block to a successful cover-up of the inside job. He was a high profile Gulf resident in his seventies with powerful political connections, an outspoken human rights figure and President of the International Oil Spill Control Corporation. Dr TB Manton was arrested on Oct 16, 2007 on a flimsy child pornography charge. This was just a noose around his neck, in case he chose to be more intolerably vocal than expected, 2 years later (in 2009). Now you know why his case came up for sentencing only in Aug 6, 2010 and not earlier when the spill had not materialized yet.

 He had to post an exceptionally heavy bail of $700,000 for the alleged possession of files (pictures) of children which could not be proven to exist in his computer at the time he sent in for repair. He was persuaded to change his “not guilty” plea to “guilty” in late May 2010. He agreed to a fine and no jail time since it would enable him to continue his work on the Gulf oil spill. He did not realize the subtle connection between the cover-up of the planned BP-Macondo disaster and political powers. Or if he did, he couldn’t care less. He was a real hero where the well being of the people and environment came first. He remained the harshest critic of the irrational post-blowout spill recovery efforts. Worse, they thought he had recruited BK Lim, a prominent geohazards specialist from the Asian region (where Manton had worked) to write the hit piece, Why Is Bps Macondo Blowout So Disastrous Beyond Patch Up?

 Was that why the court made a u-turn on 6 Aug 2010, to mete out the harshest sentence possible after agreeing to only 1 account of charge? A 15-year jail sentence for an unproven allegation while other convicted child molesters or rapists were given much lighter sentences of 1 to 3 years. It was a death sentence to silence him and to deter others in the crusade of truth and justice in the Gulf oil spill. This reversal is one of the many (unnoticed) proofs of high level government connection to the Gulf disaster. That the sentence was meted out 5 days after the relief well had failed to seal the oil gush 18,000 ft below on Aug 1, 2010 with a nuclear device, seems too much of a coincidence, again.

 There were more insiders’ tales but the connection to the late Matts Simmons is too obvious to miss.

Simmons was a surprised insider turned whistle-blower. They could not have expected it in 2007. Simmons served as the energy adviser to President GW Bush (II) and up till his death was a member of the National Petroleum Council and the Council on Foreign Relations. (JP Wheeler was another Bush Administration’s adviser who was mysteriously killed on New Year Eve 2010…another later article). Simmons was a proponent of Peak Oil with several books to his name.

 In August 2005, he bet with John Tierney that the average price of oil in 2010 would be at least $200/bbl.

This is another significant point missed out by many analysts. Using the Base Trend of $8/bbl/yr increase, the COP would only touch $170/bbl by 2020. Even after the quake on December 26, 2006, the rate of increase at $30/bbl/yr would bring COP to $200/bbl only after 2011. Why would a captain of the oil industry be so rash to predict $200/bbl oil by 2010? In August 2005, the COP was only $50/bbl. Could Simmons be so crazy to predict a hefty $150 price increase in 2005?

Click on image to enlarge.

The only way COP would have reached $200 level in 2010 was for it to continue its price hike of $130/bbl/yr (more than 16 times the already punishing rate of $8/bbl/yr) from its all time record level of $150/bbl level on July 14, 2008. This was a recipe for a market crash since such a hefty oil price burden would not be economically sustainable. But that was the key. Stretch the elastic band to the limit, cut it loose and it will snap back. That is how mega killings are made in futures.

Again how could Simmons be so precisely accurate, 3 years before the mid-2008 blowout-mega oil spill was supposed to blow in the Straits of Malacca? Like the quake-tsunami disasters, the mid-2008 blowout-mega oil spill was planned. The planned blowout that failed to blow upset more than just the economy. It brought down the whole orchestra aka Oil Bubble.

 But more amazingly, why did Simmons turn whistle-blower?

As an insider privy to the planned rig blowouts, Simmons was no angel. When the mid-2008 blowout-spill failed to materialize, almost all involved suffered huge losses when the COP trend reversed unexpectedly to $35/bbl level. Obviously, Simmons was not included in the bailout. Like a jilted spurned lover, Simmons waited till the BP-Macondo well blew to return the favor.

 Coincidentally, an article putting down the late Matts Simmons appeared on The Oil Drum (TOD) just days before the covert Relief Well detonation event on Aug 1, 2010. He had asserted that the relief wells and the capping process on the Macondo Wellhead were just publicity stunts. His suspicious death by “bath tub” followed 2 days after Manton’s death sentence. (Manton was later assaulted by a fellow inmate and died on 19 January, 2011). Ex-Senator Ted Stevens’ plane crash another 2 days later, was just as suspicious. He had donated all his lifetime’ work (mainly on Alaska oil industry which involved BP) to the state library just days prior to his plane crash. Would some of his papers incriminate the giant corporations of this evil scheme, not just BP alone? Coincidentally, BP had also announced a million dollar donation to fund cataloging Steven’s work. Ian Crane, another industry insider confirmed with his ex-Shlumberger buddies, that the Gulf disaster was a planned depopulation event. There can be no smoke without a fire.

 If all these still doesn’t convince you of high level connections, consider the deaths of Jim Black (BP’s oil spill commander), Dr Gregory Stone (LSU), an ROV captain involved in the Macondo Recovery works and at least 10 others, all strangely connected with the BP’s oil spill. There have been attempts on the life of others, who lived to tell. Tucker was shot through the front door of his home at 1 am, critically injuring him and his niece. Another one (Lim) was hacked to certain death by 4 armed personnel in front of his home in plain view of 40 neighbors at 8:30 pm. He had been away from home for more than 2 years with only occasional night stop-overs. No one, even his family, knew of his surprised return home that night except his employer.

 Like Manton, Lim was expected to be the biggest stumbling block to a successful deceptive cover-up of the mid-2008 blowout-mega oil spill. He was the company representative who stumbled onto the plot. That must really upset the applecart. But the express train on a planned collision had already left the station and there was no stopping. The accelerated COP hike can only hold for a limited time before bursting. It was a race against time.

 Insiders’ details of what was supposed to happen.

According to insider details, similar risky gas hazards conditions would have caused the rig to blow up with a BP’s style mega oil spill flooding the busy trade route. It would have shut down traffic passing through the busy straits and all ports affected by it. Singapore being the main transport hub in the region would be seriously affected. As the reservoir was larger and contained more gas, the blowout-spill at the northern entrance of the straits would have an impact far greater than the 2nd mega oil spill in the Gulf of Mexico.

 It would have jacked up COP to well over $200/bbl over fears of disrupted oil supplies from the Middle East to East Asian industrial powerhouse. As the world’s economy choked and declined, high COP would reverse trend as suddenly as it rose, reflecting the typical symmetrical “sine wave signature”, only sharper. However, instead of J3 ($40) crash, it would have been J3A ($100) price hike instead.

 Then just before the COP returned to the Base Trend line, another round of blowouts would blow at Timor Sea, Montara (PTTP-Halliburton, August 2009), Caspian Sea (BP-Transocean, September 2009), Macondo GOM (BP-Transocean, November 2009) and North Sea (Shell-Transocean, December 2009). These PMDs would trigger another COP hike.

 Even with a depressed world economy, COP would shoot up again on the shock of an unprecedented number of blowout-mega oil spills, following so closely one after another. The base line trend would have shifted up by at least $10. Before the COP trend could return to the new adjusted base line, Japan’s 311 Fukushima triple whammy (Quake-Tsunami-Nuclear) would hit throwing the world into more chaos and possibly on the brink of a third world war. That would be when China’s 1012 hit. Many of the incriminating evidence, fake bonds, records, emails etc would all go up in smoke. When the dusts settled, everything would be reset back to zero and the newly ordered world would start on a clean slate. That was the grand scheme which started to falter in mid 2008.

 For the background on global financial tyranny, please read the excellent works by David Wilcock and Benjamin Fulford who had dedicated their lives in exposing the dark side of globalization by the cabals.

Continue to Part III →

BP Oil Spill: A Planned Mega Disaster

There is no way BP would not know they were misleading everyone,” Matt Simmons had said. “They would have to be deaf, dumb, and blind and they’re not. These are smart guys.”

by Micheal Kollmann
Newsvine.com
March, 2012

Part I   Part II   Part III

Has the BP-Macondo Blowout-Mega Oil Spill in 2010 anything to do with the Global Oil Bubble Crash Of 2008?

According to insiders’ information, the BP-Macondo Blowout-oil spill was supposed to be the fourth PMD (planned mega disaster) to blow in November 2009, in a series of 5 rig blowouts-oil spills in 5 seas starting in mid 2008. The culprits were the leading captains of the oil industry operating from first world countries with some of the most stringent offshore regulations in the world, US, UK, EU, Australia, BP, Shell, ENI, Halliburton, Transocean and Fugro.

Before the why, let’s look at the historical background.

Looking at the correlation between key events and crude oil prices (COP) trend, it is obvious that the era of cheap oil from shallow onshore reservoirs ended in 1973. For the next 3 decades, the average price hovered around $17 except for the 7 years following the overthrow of the Shah of Iran and the Soviet invasion of Afghanistan in 1979. In that period, COP stayed above $30. Adjusted for inflation, COP jumped from $15 to $38 in 2 years or $50 (J2) adjusted for inflation.

After the $30 (inflation adjusted) 1986 Oil Crash till 2000, the COP was range bound between $12 to $28. It was during the doldrums of the nineties that the idea of deep water exploration was first hatched. When the first oil crisis hit in 1973, there was widespread panic that world oil production would peak within the next 30 years. US oil production peaked in 1970.

 By the mid nineties, the writing was on the wall. The end of the oil era was near. But the military might and wealth of the United States (the most powerful nation on earth) was built on oil power and deception. With the world’s cheapest resources in the hands of third world (Muslim dominated) countries, it would only be a matter of time before the US-controlled oil power slipped off her hands and with it, her world domination. America had at the most 10 to 15 years, at the turn of the millennium to change this geopolitical certainty. The giant oil corporations capitalized on this fact to save their skin.

 The US had abundant deep water (defined as >500 m water depth) resources. But deep water exploration and production costs were at least 10 times more expensive than the depleting shallow water reservoirs. By some estimates, oil prices needed to stay above $80 for the more economical deep water reservoirs to be profitable.

 Naturally higher COP meant shorter investment period and less investment risks. But high COP also depressed world economy. There was always the danger of replacement by renewal energy sources if COP stayed too high for too long. It was a difficult balancing act when billions of investment dollars spanning over several decades were involved. There was also no real geopolitical advantage. Saudi’s onshore production costs were generally lower than $5/bbl. North Sea depleting shallow water reservoirs could no longer produce at less than $20/bbl. At $100/bbl, the net profit ratio was $95:$20 or almost 5:1. With that kind of ratio, the US and western economies would progressively weaken if oil power continued to be the base of the industrialized world .

 The western political powers were at a cross-road. Should they invest more heavily (like 10 to 100 times more) into a sunset industry, lose in the long run or develop renewable energy resources. Although the US was far ahead with technological advantages, there was no way to control and manipulate these plentiful natural resources. After the first 3 years, the industrious Asian nations would have produced cheaper and better renewable energy sources. Billions of investment dollars, refineries, petroleum-based plants and infrastructures built over the last 3 decades would be laid to waste almost overnight. There was no escape from such a nightmarish scenario while new investment dollars were still being sought for market expansion. A difficult decision indeed. Damned if you did and damned if you didn’t. Most petrochemical projects have projected lifespans of 20 to 30 years.

 The oil exploration giants would be hit the worst. Once news of renewable energy sources leaked out, their huge deep water reserves would be virtually useless. With no likely prospect of COP rising above their economic recovery level, their oil would remain underground for the next few thousand years. Reserves are only as valuable as the promise or ability to pay. With billions already dumped in exploration costs, these oil giants like BP, Shell and Exxon would have to go the way of the dinosaurs.

 Thus while the oil corporations could still influence the government, they had to move fast or let their oil grip slipped away. Their only strategic chess move was the deep water resource card. The only way to play the last trump card was to drive up the oil prices from doldrums by a variety economic and fiscal measures. Then on the final lap, ram up the COP to $200/bbl with a sequence of rig blowouts and oil spills. Besides the insurance compensation for their aging rigs, mega windfalls can be made during the COP hike and crash with the orchestrated sequence of PMDs. The grand finale would be a 2004-tsunami style devastation with added nuclear and toxic crude poisoning that would linger for a few years to complete the depopulation process. The elites with their private armies would only come out of their bunkers once the coast was clear to start on a clean slate. A grand plan indeed that had been played out many times in movies to weed out the flaws.

 That was what Alan Greenspan essentially did since the turn of the millennium.

Pump-primped the world’s largest economy to increase COP trend from stagnancy to an increasing rate of $8/bbl/yr. Allowed the Banksters to finance global market manipulation with highly leveraged borrowings by relaxing regulations (fractional banking, securitized derivatives, fake bonds as collateral etc). Created bigger bubbles to cover the previous ones. The parents of all bubbles would be the fiat currency (US dollar) and global Oil bubbles. Since all bubbles would eventually burst, Greenspan & Bernanke would be left holding the stick unless they had an escape plan. Indeed they had. It was the grand finale of rig blowouts, oil spills, quakes, tsunami, flooding and nuclear disasters while they sailed into the sunset laughing all the way to the bank.

 According to details of the scheme, the world’s population would be reduced by half to two thirds. The remaining survivors would then submit meekly to a new world order. After the carnage from a series of devastating quakes and tsunami, mega oil spills, flooding, droughts, fires, bombings, terrorists’ attacks culminating into an Armageddon, slavery would be as good as it gets. Yes, in the new world order, you, me and all of your children will all be slaves to a few elite masters. There will be no more need for mass deception since freedom will be just another forgotten word. Serfdom as in the dark edges will be in fashion. What you say will not matter anymore.

 Like the Sun Bears kept in captivity for their bile, some of our children will be test-tube bred for vital organs replacement. To keep the aging elite masters alive until more advanced technology comes available for cultured organs. These are some of the glimpses of the planned New World Order envisaged by President Bush Senior in the early nineties.

 To prepare the public mindset, Hollywood produced series after series of mega disasters movies such as Armageddon, 2012, Doomsday, Impact, just to name a few. To add credence and gain acceptance from the more religious minded, NWO-funded historians suddenly found clues to deciphering the ancient scriptures written on rocks. Did they not know that before?

 How did these NWO-funded scientists suddenly become Indiana Jones? Suddenly all the multitude of prophecies in different cultures clicked together to form the magical end of world on December 21, 2012 as predicted in the Mayan and Hindu calender or foretold in other cultural histories. Could a resilient world which had withstood the test of times disappear under the onslaught of a few PMDs? Collapsing civilization back to the Stone Age was definitely not in the interest of the proponents of the NWO. NO.

 They just wanted to borrow the fear of a doomsday scenario not the physical realities. Ancient predictions on the planetary movements more than 20 thousand years ago were capitalized and twisted to fit into their sinister New World Order agenda. Like harnessing the forces of nature, natural or man-made disasters can be triggered to occur at the most convenient time. Ancient armies had triggered landslides or flooding, to block advancing forces. Arson had been used to bail out failed companies. Why would triggering a disaster in modern times for unscrupulous profit motives be so absurd? Too big to fool or too hard to swallow?

Continue to Part II →

A Tottering Technocracy

Here and in Europe, the financial meltdown exposes the hollowness of our elites.

by Victor Davis Hanson
National Review
August 9, 2011

We are witnessing a widespread crisis of faith in our progressive guardians of the last 30 years. These are the blue-chip, university-certified elite, employed by universities, government, and big-money private foundations and financial-services companies. The best recent examples are sorts like Barack Obama, Eric Holder, Larry Summers, Peter Orszag, Robert Rubin, Steven Chu, and Timothy Geithner. Politicians like John Kerry, John Edwards, and Al Gore all share certain common characteristics of this Western technocracy: proper legal or academic credentials, ample service in elected or appointed government office, unabashed progressive politics, and a free pass to enjoy ample personal wealth without any perceived contradiction with their loud share-the-wealth egalitarian politics.

The house of a John Kerry, the plane of an Al Gore, or, in the European case, the suits of a Dominique Strauss-Kahn are no different from those of the CEOs and entrepreneurs who were as privately courted as they were publicly chastised. These elites were mostly immune from charges of hypocrisy or character flaws, by virtue of their background and their well-meaning liberalism.

The financial meltdown here and in Europe revealed symptoms of the technocracy’s waning. On this side of the Atlantic, Geithner, Orszag, Summers, Austan Goolsbee, Paul Krugman, and Christina Romer apparently assumed that some academic cachet, an award bestowed by like kind, or a long-ago-granted degree should give them credibility to advocate what the tire-store owner, family dentist, or apple farmer knew from hard experience simply could not be done — borrow or print money on the theory that insular experts, without much experience in the world beyond the academy or the New York–Washington financial and government corridor, could best direct it to productive purposes.

But now they have either left government or are no longer much listened to — and some less-well-certified accountant will be left with the task of finding ways to pay back $16 trillion. Abroad, at some point, German clerks and mechanics are going to have to work a year or two past retirement age to pay for those in Greece or Italy who chose to stop working a decade before retirement age — despite all the sophisticated technocratic babble that such arithmetic is reductive and simplistic.

In the devolution from global warming to climate change to climate chaos — and who knows what comes next? — a small group of self-assured professors, politicians, and well-compensated lobbyists hawked unproven theories as fact — as if they were clerics from the Dark Ages who felt their robes exempted them from needing to read or think about their religious texts. Finally, even Ivy League and Oxbridge degrees and peer-reviewed journal articles could not mask the cooked research, the fraudulent grants, and the Elmer Gantry–like proselytizing about everything from tree rings and polar-bear populations to glaciers and the Sierra snowpack. A minor though iconic figure was the truther and community activist Van Jones, the president’s “green czar,” who lacked a record of academic excellence, scientific expertise, or sober and judicious study, assuming instead that a prestigious diploma and government title, a certain edgy and glib disdain for the masses, and media acclaim could permit him to gain lucre and influence by promoting as fact the still unproven.

Higher education is no longer affordable for many families, and does not guarantee well-rounded, well-educated graduates. A university debt bubble, in Fannie and Freddie fashion — together with the rise of no-frills private online certificate-granting institutions — is undermining traditional higher education. The symptoms are unmistakable: tuition spiraling far ahead of inflation; elite faculty excused from teaching to publish esoteric articles in little-read journals; legions of poorly compensated part-time instructors and graduate-student assistants subsidizing the privileged class; political orthodoxy as an unspoken requisite for membership in the club. An administrator is deemed successful largely for promoting “diversity” — rarely on the basis of whether costs stabilized, graduation rates increased, the need for remediation declined, or post-graduation jobs were assured on his watch. This warped system, which grew out of the bountiful 1960s, is now a vestigial organ, an odd-looking thing without an easily definable purpose. When will the bubble burst? If the four-year university cannot ensure its graduates that they will necessarily have a better-paying job and know more than the products of an upfront credentialing factory, why incur the $200,000 cost and put up with the political indoctrination?

Kindred media elites in Europe and the United States lauded supposed technocratic expertise without much calibration of achievement. Indeed, to examine the elite media is to unravel the incestuous nature of power marriages and past loyal service to heads of state. Those who praised Obama as a god or attributed their own nervous tics to his omnipresence or reported on his brilliant policies often either had been speechwriters to past liberal presidents, enjoyed family connections, or were married to other New York or Washington journalists or powerbrokers. Their preferences about where to send a kid to school, where to vacation, and what to think were as similar to those they reported on as they were foreign to those who were supposed to listen to them. Like wealthy people in the Middle Ages who bought indulgences instead of truly repenting their sins, the more our elites preached about egalitarian politics for the fly-over upper middle classes, the less badly they felt about their own mannered conniving for privilege and status.

A generation ago, we were supposed to be grateful that a few gifted and disinterested minds were digesting our news for us each day on cash-rich ABC, CBS, NBC, NPR, and PBS, and in the New York Times, Washington Post, and Los Angeles Times, summarized periodically on weekend network discussion groups and in newsweeklies like Time and Newsweek. Now the market share of all these enterprises is shrinking. Some exist only because of government subsidy, rich parent companies, or like-minded wealthy benefactors.

The technocratic pronouncements from on high — that Barack Obama was “sort of GOD,” or at least “the smartest president in history”; that a Harvard-trained public-policy wonk alone knew how to save us from a roasting planet — are now seen by most as laughable. An education-age Reformation is brewing every bit as earth-shattering as its 16th-century religious counterpart.

There are also generic signs of the technocracy’s morbidity. It deeply distrusts democracy, most recently evidenced by John Kerry’s rant that the media should not even cover the Tea Party, and by the European Union’s terror of allowing the public to vote on its intricate financial bandaging. It is no accident that technocratic journalists love autocratic China — with its ability to promote mass transit or solar panels at the veritable barrel of a gun — while hating the Tea Party, which came to legislative power through the ballot box.

So the elites’ furor grows at those who seek and obtain power, exposure, and influence without the proper background, credentials, or attitude. How else to explain why a Michele Bachmann or Sarah Palin earns outright hatred, whereas a Mitt Romney or John McCain received only partisan disdain?

There is an embarrassing lack of talent and imagination in the last generation of the technocrats. One banal memo about a “tea-party downgrade” or a “jihadist” takeover of the Republican party is mimicked by dozens of politicians and journalists who cannot think of any more creative phraseology. Calls for civility are the natural accompaniment to unimaginative slurring of those outside the accustomed circle. When Steven Chu exhorts us that gas prices should match European levels or assures us that California farms will blow away, should we laugh or cry? Do learned attorneys general call the nation “cowards,” refer to fellow minority members as “my people,” or really believe that they can try the self-confessed terrorist architect of 9/11 in a civilian court a few yards from the scene of his mass murder? Was Timothy Geithner really indispensable in 2009 because other technocrats swore he was?

We are living in one of the most unstable — and exciting — periods in recent memory, as much of the received wisdom of the last 30 years is being turned upside down. In large part the present reset age arises because our political and cultural leaders exercised influence that by any rational standard they had never earned.