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Oil as Economic Warfare

Fifty miles off the coast of Nantucket, 250 feet beneath the Atlantic, lies the RMS Republic and her secret treasure. As soon as Republic sank, rumors spread of a precious cargo, but Republic has kept her secrets intact for over a century, until now. Life-long treasure hunter Martin Bayerle will join Connie Willis (email) to discuss how he has devoted the past 35 years of his life researching the Republic and proving the existence of her reputed cargo of 150,000 American Eagle gold coins, a bounty worth a billion dollars in today’s economy and his quest to recover the gold on his second attempt at the Republic.

From 6-10p PT, Art Bell: Somewhere in Time goes back to April 8, 1994, when Art was joined by then Colorado state representative, Charles Duke, who discusses the reason for Colorado state sovereignty and why the federal government has too much power at the local level.

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Sun 06-26  The Clintons and UFOs/ Government UFO Secrets Mon 06-27  Press Manipulation/ Near Death Studies Tue 06-28  Economic Chaos/ Vatican and E.T.
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Wed 06-29  Naturopathic Medicine Thu 06-30  Earth Sounds and Alien Structures Fri 07-01  Open Lines

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Oil as Economic Warfare

Show Archive
Date: Tuesday - January 6, 2009
Host: George Noory
Guests: James R. Norman, Jim Berkland

Appearing for the first three hours, business and energy journalist Jim Norman argued that the United States manipulates the price of oil as a kind of economic weapon against countries such as Russia and China. In the futures exchange, an unlimited amount of money was used to overwhelm sellers of crude oil, as a way of running up the price, he explained. China is hurt by high oil prices much more than the United States, and has experienced reduced exports, the closing of factories, and massive unreported unemployment, he noted.

The opposite technique, the lowering of oil prices, is currently wrecking the Russian economy, Norman suggested. Russia has little besides its natural resources, and the softening of the crude market could eventually force regime change there, he said.

The real reason we went to war with Iraq was because of China, Norman asserted. As sanctions were lifting in 2003, Saddam was going to cut a deal with China so they could acquire ownership of underground oil fields, and the US sought to prevent this, he said. While the US is propping up India as a foil to China, Russia is now moving in a direction of realigning with China, against the US and the West, he added.

Quake Update

Appearing in the last hour, geologist Jim Berkland commented on the recent swarm of quakes at Yellowstone. "We should be concerned but not panicked," as such swarms aren't always meaningful, he said. A 5.2 quake did trigger the eruption at Mount St. Helens in 1980, but this eruption would have occurred eventually anyway, he pointed out. Berkland also noted that a seismic window along the Ring of Fire is occurring between Jan. 8th and the 15th.

Related Articles

Mysterious Turbine Damage

On January 4th, a large turbine at a wind farm in Conisholme, England was damaged, with one blade falling off, another badly bent. Locals said they saw a "tentacle"-like UFO in the sky near the wind farm on the night before the damage was discovered. More at the Louth Leader.

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Bumper music from Tuesday January 06, 2009

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