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China, Oil, & Economic Warfare

In the first half, George Knapp welcomes author Bill Friedman, who shared inside stories of the Prohibition Era’s most powerful leaders and how they later ran elegant, illegal casinos across America before moving on to build the glamorous Las Vegas Strip gambling resorts.

In the latter half, investigative journalist Toby Rogers (book link) revealed the untold story of mafia legend Silvio Eboli, a Genovese mob scion who developed an organized crime operation which involved violence, drugs, celebrities, girls, construction hustles, and crime-family business meetings.

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China, Oil, & Economic Warfare

Show Archive
Date: Wednesday - March 14, 2012
Host: George Noory
Guests: James R. Norman

Journalist James R. Norman argued that the U.S. and its allies use the price of oil as an economic weapon. The oil economic war against the Soviet Union worked so well in the 1980s, that this strategy is now being employed against "our other big geopolitical enemy," China, which currently imports more oil than the US, and is much less able to pay for it, he outlined. The thinking in Washington is, it's going to slow things down for China, and could put a crack in their political system, he continued. Other aspects of the economic war the US is waging with China are on the front page of the paper almost every day-- with fights over trade actions, interest rates, and currency levels, he noted.

The whole Chinese business model is based on predatory trade practices, and that's why the world is ganging up on them, Norman said, adding that China is facing large amounts of unemployment and social unrest, and their banks are sitting on huge assets of non-performing loans. Norman estimated that the actual cost of oil is between $10- $20 a barrel, but when US citizens shell out $4 a gallon at the pump, it's collateral damage or the price we pay to engage in an economic rather than physical war with China.

Companies like Goldman Sachs, Merrill Lynch, and Morgan Stanley are the economic warfare equivalent of a carrier battle group, because they are able to project power-- that's why financial restrictions were lessened for them, he explained. Morgan also touched on geopolitical/economic situations in such places as Russia, Europe, Iran, Venezuela, and Syria.

The first hour of the show featured Open Lines.

News segment guests: Douglas Hagmann, Michael Cremo

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New Human Species?

Human fossils from southern China, dating back as far as 14,500 years, hint at what may be a previously unknown species, with both primitive and modern qualities. Called the 'Red Deer Cave people,' one possibility is that they were modern humans who intermixed or bred with more archaic humans. More here.

Bumper Music

Bumper music from Wednesday March 14, 2012

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