With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
China, Oil, & Economic Warfare - Shows

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Last Show Recap

China, Oil, & Economic Warfare

Professional paranormal investigator and feature columnist for Skeptical Inquirer science magazine, Joe Nickell, provided his skeptic's take on the paranormal. Nickell has investigated many so-called ghost sightings and experiences, and often is able to explain the anomalies in scientific terms. "What I'm trying to do with my work with ghosts [or bigfoot]... is to actually go and actually investigate... and provide the simplest and best scientific explanation for it," he said.

Upcoming Shows

Sat 04-30  Super Soldiers/ Water As Fuel Sat 04-30  Art Bell: Somewhere in Time
Sun 05-01  Positive Thinking/ Electric Universe Mon 05-02  2016 Predictions/ Secret Government Experiments Tue 05-03  Measuring the Supernatural/ Open Lines Wed 05-04  Natural Healing/ Spiritual Transformation Thu 05-05  Ghost Hunting/ Mind Power Fri 05-06  AntiGravity Ray/ TBA

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

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

Bumper Music

Bumper music from Wednesday March 14, 2012

Advertisement