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China, Oil, & Economic Warfare

First half guest Dr. Glen MacPherson has researched and documented a Hum heard by people all over the world. The sound is louder indoors than outdoors, and louder late at night than during the afternoon. In the more serious cases, the Hum can affect quality of life; in a number of documented instances, the torment of the noise has been life-altering. MacPherson shared the latest from his scientific investigation into the phenomenon, which seems to indicate that the culprit may be electromagnetic pollution by Very Low Frequency (VLF) waves. This was followed in the second half by Open Lines.

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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

Bumper Music

Bumper music from Wednesday March 14, 2012

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