A Group of Satanic Trillionaires have Created the Goldilocks Matrix

Bob Chapman - The International Forecaster Wednesday, Nov 11th, 2009

Our usurping, non-citizen, spendthrift President, together with our corrupt, elitist-bootlicking Congress of money-grabbing Dumbos and Jackasses, are spending us into a multi-trillion dollar hyperinflationary oblivion as their ratings by their constituents drop into the toilet bowl, ratings which are disgracefully the lowest in all of US history. With a diabolical “Robin Hood in Reverse” plan in place since 1913 for the extortion of money from the US middle class to reduce their serfs to poverty and abject slavery, the Illuminati have managed to use the Federal Reserve Act and US income tax, together with the Social Security Ponzi Scheme, phony, orchestrated wars for profit, socialization of bankster-gangster losses, the globalism/free trade/off-shoring/outsourcing/legal-illegal immigration agendas, and a totally bought-and-paid-for President, Congress, judiciary and regulatory agencies, to reduce US citizens to consumerist credit addicts, living pay check to pay check like narcissistic hedonists.

The future, dumbed-down serfs of the future “masters of the universe” (so-called), now watch completely meaningless sports games and trash-TV instead of getting informed and taking action to save their country from the group of satanic trillionaires who have created the Goldilocks Matrix which they now occupy. We ask our fellow citizens in the matrix: Do you want the blue pill, or do you want the red pill? So far, most Americans have unfortunately opted for the blue pill. As always, those who have opted for the red pill are going to have to save the blue pill idiots from the consequences of their own pitiful ignorance. People who take the red pill are subscribing to the IF to get the truth and are buying gold and silver like there is no tomorrow so they can live to fight another day when the worldwide financial system collapses, as planned, to pave the way for a one world police state. The bold people who took the red pills are going to be all over the Illuminati like flies on rice when that happens, and you can take that to the bank, if there is still a single bank left standing after the Quadrillion Dollar Derivative Death Star goes supernova.

After watching most of our manufacturing industries shipped overseas, we have been reduced to tapping on keyboards, greeting people at department stores, flipping burgers, providing menial healthcare services for pitiful wages and shoving stacks of paper to and fro, while producing little that has any lasting value. Our financial industry, which by and large is run by Illuminist crooks, are using insider trading information from the PPT, led by Goldman Sachs and their government-gifted, front-running trade algorithm, to gun for the fast and easy buck, thereby transforming our capital markets from places where we can invest in our future into gambling casinos complete with craps tables and roulette wheels. When they profit, they get outrageous bonuses, but when they have gambling losses, they pass them on to taxpayers via the sewer slime and pond scum in Congress and in the Executive Branch who are attached to marionette strings, with the Puppet Masters in our shadow government holding the sticks to which those strings are attached, causing them to bob and weave like the wooden dummies that they are.

While our financial industry pushes a lot of paper around, most of the paper produced is rife with fraud and deceitful schemes meant to enrich the evil Illuminati, as well as their henchmen on Wall Street, at Goldman Sachs North, aka the Treasury Department employment pool, and at Goldman Sachs South where money and employees from Goldman Sachs North are shared for a while, all at the expense of just about everyone else around the globe.

The bankster-gangsters are already in the process of creating the next subprime derivative bubble through Fannie and Freddie, the FHA (Federal Housing Administration), the FHLB (Federal Home Loan Bank) and the USDA (US Department of Agriculture), to the tune of many hundreds of billions of dollars. The new subprime real estate bubble, powered by artificially low interest rates, little or no down payment requirements and lax credit standards, together with an $8,000 first time home buyers credit, will be popped later as the next round of inevitable defaults gets underway, probably one to two years from now. This fraudulent subprime loan origination and securitization not only adds nothing to our economy, it will eventually help destroy our economy. The bankster-gangsters and their henchmen will get the goldmine of commissions, fees, spreads, salaries and bonuses, and you will get the shaft.

GS, which sometimes stands for Goldman Sachs, but which always stands for Gold Suppression, is having some public relations issues, and no wonder. The Vampire Squid marches on, continuing to suck the life blood out of all the “useless eaters,” helping to prepare the way for a one world police state by assisting in the collapse of the world financial system while they make a filthy fortune along the way. Some day, they are going to choke on all the filthy lucre they have purloined from the public. Ahoy there, Captain Obama. There’s a Vampire Squid swimming along the port side of the USS Banana Republic. Well then, what are you waiting for First Mate Geithner, hoist up the Jolly Roger in acknowledgement!

By the way, when is GS going to pay back the tens of billions that were given to AIG by taxpayers so that Goldman would not go under as the insured counterparty to credit default swaps guaranteed by AIG that had gone sour? They have a lot of nerve issuing bonuses when they still owe the government big-time from the AIG bailout! And they would not have been able to pay the bailout money back if their totally bogus mark-to-model balance sheets were to show true mark-to-market figures. They are just as bankrupt as all the rest of the “anointed” legacy banks and investment banks, with a lot of their toxic waste still off balance sheet and offshore in SIV’s, structured investment vehicles, in VIE’s, variable interest entities, and in OTC derivatives, which taken together expose them to tens of billions in losses if not hundreds of billions. And who knows what their credit default swap portfolio looks like even after the AIG bailouts. We wonder how much of their toxic waste has been pawned off on the Fed in exchange for treasuries under the Term Securities Lending Facility? And how much of this GS toxic waste has been pledged as collateral at face value for near zero interest Fed loan money which they have parked with the Fed at 3% or which they have used to buy equities on insider trading information as the leading PPT operative with their front-running trade algorithms as the stock markets have rocketed 60% in six months for the first time in history despite the fact that we face the worst economic scenario in our history? Of course, we can’t tell, because GS won’t disclose it and the Fed says it’s a state secret. GS is simply ignoring the new Basel II and Basel III mark-to-market rules which now apply to them because they opted to become a bank to get Fed bailout largesse. Who is going to make them comply? The BIS? The Fed? The Treasury? The SEC? The CFTC? The FASB? The President? The Congress? The Supreme Court?

GS either owns, or is in cahoots with, all of the above. The whole system is laughable. We are now the laughing stock of world finance.

GS would have had to keep the bailout money from the TARP (Troubled Asset Relief Program), and the salary and bonus restrictions that go with them, in order to shore up their awful balance sheets if the terrible truth about their financial condition were made known. In addition, their profits are all totally illegal based on insider trading and government black box front-running algorithms, a gift from our government’s bogus so-called regulatory agencies who sit on their fat duffs and do nothing about blatant financial scams like Madoff Ponzi schemes and the naked shorting of stocks. That is because GS and all of the regulatory agencies themselves are in on virtually all of these financial scams as silent partners. Trust us when we tell you, our regulatory criminals profit greatly from their inaction, whether from bribes, insider trading profits, shares in criminal booty and/or very lucrative jobs they just happen to fall into when they leave government service.

Incidentally, the Basel II rules were part of the overall plan to destroy our economy, much like the repeal of Glass-Steagall that allowed banks to get into investment banking activities again and the passage of the Commodity Futures Modernization Act which deregulated the OTC derivatives market. All these legislative machinations were put in place in order to create a new, less regulated, much larger and far more vulnerable and out-of-control (i.e. highly leveraged) financial system which, when broken, would accelerate the current financial crisis, making the implosion louder and the dive steeper.

The purpose in doing so was to destroy the old nation-state financial system and replace it with a satanic global financial system that would make the Vampire Squid look like a Shrimp or a Sea Horse by comparison. The current financial crisis in the US and around the world was not a failure of capitalism, but an intentional looting of the world financial system by Illuminist crony fascism sheep-dipped in capitalism. The old British Mercantilist System that has been surreptitiously adopted in the US via both the Federal Reserve Act (stealth tax on the masses by inflation of the money supply) and the US income tax (direct taxation of the masses) is a freedom-choking system of financial bondage which allows a nation’s economic system to be hijacked by the wealthy and powerful. It is anything but free market capitalism. This is the very system of financial bondage that our Founding Fathers fought a very bloody and costly war to rid themselves of. They are rolling over in their graves.

Basel II, which was implemented by the ultimate Illuminist financial institution, the BIS (Bank of International Settlements) in Basel, Switzerland, is like an adjuvant to the crisis, preventing banks from lending again for fear that they may have to comply with mark-to-market rules, thus choking off our economy to pave the way for an Orwellian one world police state of feudality. Basel II is the perfect excuse for the legacy banks to stand on the sidelines while they gobble up government TARP money and refuse to lend to anyone but the “anointed.” But remember, there is one system for the “anointed,” and another system for everyone else. Thus, the Fed and corrupt US regulators will allow the anointed legacy banks to essentially blow off Basel II, and will only hold the feet of the non-anointed small fry to the Basel II fire. Thus, the big will get bigger, and the small will fail and get eaten by the larger. No wonder Obama and Geithner want the Fed to become the new super regulator, with even more power to decide which banks and corporations will live, and which will die. All the more reason to audit and get rid of the Fed. We do not need a drooling Head Fox guarding the henhouse.

While the resulting credit crunch was ongoing, the Fed “convinced” Congress to allow them to pay interest on member bank reserves held by the Fed. Credit, at near zero rates, is now being extended by the Fed to its “anointed” in exchange for their toxic waste as collateral, which proceeds are then being deposited with the Fed as reserves at a 3% rate of interest instead of being re-loaned, and we’ll give you three guesses as to who gets to pay for this interest on reserves. That is a very profitable and risk free spread, but only for the “anointed,” as the Fed can open and shut its discount loan window to whomever it darn well pleases, being a privately owned bank. The small fry can go scratch, and many have already succumbed. This will continue until the number of banks in our banking system is cut in half. The FDIC is beyond broke. They don’t even have enough to cover but a tiny fraction of potential losses, much less to cover the losses from the failure of half of the banks in the entire system. Either the claims for lost deposits will not be paid, or so much money will be printed to pay those claims that the money received in payment will be virtually worthless, along with any and all remaining dollar-denominated assets. This is going to become a very big problem indeed in the not-too-distant future. The solution: Empty your bank accounts of all but one to three months of necessary household operating expenses, and buy gold and silver related assets with the rest, along with freeze-dried food, a water filter, and the means to defend your family from malefactors, both public and private.

This 3% interest on reserves is one of the primary reasons the Fed won’t say which banks are getting the zero interest loans, because that would identify the Illuminist institutions who are scamming US taxpayers despite being bankrupt. These insolvent institutions should be liquidated in bankruptcy court, but instead public largesse is being used to keep them alive so they can feed their henchmen with salaries and bonuses, which would not otherwise be possible. In addition, these greedy Illuminist institutions are making a risk-free 3%, are hoarding their monetary reserves to sterilize them from having an inflationary impact on the economy in order to suppress gold and silver, and are cutting off the public from acquiring credit even though the public has bailed them out and is guaranteeing their loans from the Fed. Talk about moral hazard!

The near zero rates, and the huge spread on reserve deposits with the Fed, is being protected by currency swaps which the Fed and other foreign central banks have been exchanging with one another. This keeps foreign banks out of US credit markets so their demand for dollars won’t bid up loan rates in the US. These swaps are also being used as conduits by the Fed to feed dollars to foreign banks so they can purchase treasuries, thus keeping treasury rates, and the mortgage rates that are tied into them, on the lower end of the spectrum, while at the same time the Fed uses its foreign currencies from the swap arrangements to weaken those foreign currencies by dumping them on the currency exchanges, thus strengthening the dollar and putting pressure on gold and silver. Needless to say, all the dollars and other foreign currencies used in these swap arrangements are being created out of thin air via monetization, which means that all major currencies are being debauched simultaneously, thus paving the way for a one world currency, while at the same time inexorably driving gold and silver to new heights against all currencies.

By giving the legacy banks the excuse not to continue lending due to the threat of Basel II mark-to-market rules, which rules were temporarily delayed by the FASB (Financial Accounting Standards Board) to delay recognition of losses so the Illuminists could continue to milk the system by originating and packaging their fraudulent loans and securitizations for profits to fund outrageous salaries and bonuses, the recovery of the US economy has been choked off for everyone except the Illuminists and their corrupt, “anointed,” financial institutions. This choking off of credit also sterilizes the inflationary effect that would result if banks started lending again, because the fractional reserve banking multiplier would create a boatload of money out of thin air. In this manner, the Fed is able to feed money exclusively to its cronies in the financial system without stoking inflation to dizzying levels, while everyone else floats off into financial oblivion.

Source

Where "Global Warming" and "Peak Oil" meet

Not Sylvia Night - November 11, 2009

That place, of course, is the world´s financial market.

"Human Caused Climate Change" is a financial scam, so is the "Peak Oil" paradigm of catastrophic energy shortages in the near future.

Oil and natural gas are not scarce, but actually abundant energy resources. They are also most likely of non-biological origin, as Russian scientists and oil companies have shown for over 50 years.

While the myth of "Global Warming" is used to create new revenues for the financial elites, the myth of a limited supply of "fossil fuels" had been used for creating large profits in the past.

The western financial elites hope to secure those profits in the future by regulating the use of oil, gas and coal through internationally agreed upon CO2 reduction measures, carbon trade agreements and by monopolizing tomorrow´s nuclear energy market. This is one reason why Iran´s civilian nuclear energy program is being so severely opposed by all the governments of the western world that seek to dominate export markets for nuclear installations from India to Brazil. A primary reason also is Israel's demand that it retain technological superiority.

As we have seen in the last post, the theory of "Catastrophic Human Caused Global Warming" neither originated from a large group of scientists nor from environmental grass-roots organizations. Instead it was a long discarded 19th century hypothesis, which was taken out of the dustbin and then proposed by the 1979 British UN Ambassador, who "tickled" the ambition-streak of Margaret Thatcher, the British Prime Minister at the time.

We also saw, that the main argument for a human caused Climate Change, the so-called "Hockey-Stick", has been scientifically discredited for years.

Using mostly official IPCC charts and other research done by the UN "Global Warming" scientists themselves, Dr.David Evans of Science Speak points out that, while there is evidence for some warming of the planet in the last century, there is indeed

No Evidence

that carbon dioxide emissions are the main cause of the recent global warming
And with this conclusion Evans stands in agreement with over 650 leading scientists who, while attending the UN Climate Conference in Poland,
scoffed at doomsday reports of man-made global warming - labeling them variously a lie, a hoax and part of a new religion.

Those international scientists are then quoted in a US-Senate EPW Minority report.

But in spite of more and more counter arguments by the scientific community, especially from climatologists, the "Climate Change" bills, mandating carbon reduction for individuals and industries are rammed through practically all parliaments in the industrialized world.

We once again have to look at the money trail to explain the reasons for this paradox:

The New York Times, reported on November 12, 2008
Goldman Sachs Buys Into Carbon Offsets
Goldman Sachs has recently bought pieces of two carbon-offset companies, in the latest sign of investment banks’ interest in the area......

Carbon offsets are projects that reduce greenhouse gas emissions — thus potentially counterbalancing a rise in emissions elsewhere. Planting trees are the most obvious offset; but other examples include capturing methane (a potent greenhouse gas) from a coal mine, or undertaking a qualified energy-efficiency project. Offsets are used in the European carbon dioxide cap-and-trade system, but have been slow to catch on in this country, where carbon trading is largely voluntary.

And on February 26, 2008 Chris Morrison from the Green Beat branch of the investment website Venture Beat writes:

Will carbon-trading happen? Goldman hopes so, backs APX
APX, a Silicon Valley company that certifies carbon and emissions offset certificates, and which is well-placed to support carbon-trading markets when they emerge, has gotten backing from Goldman Sachs in a $14 million investment, VentureBeat has learned.

Carbon trading is a growing business that could someday come to resemble the world’s largest financial markets.

Today’s emissions markets are generally small and fragmented. In regional U.S. energy markets, utilities are already required to buy electricity from alternative energy sources like geothermal, solar or wind. To prove their use of alternative energy, they’re required to file a certificate tracking their acquisition of the energy units. So this is the beginning of a “transfer” regime that could grow into more.

Meantime, carbon offsetting markets, that corporations buy credits from, are currently voluntary, but in anticipation of future government regulation, they often require similar certifying schemes. However, the source of offsets can vary widely, from alternative energy generation to tree planting projects.

APX acts as part of the intermediary chain between buyer and seller, doing the work of tracking serial numbers on these certificates and the accounts they go into. It’s not glamorous, but having an efficient, scalable back-end will be one of the requirements for building a multi-billion dollar market, as emissions trading may well become.

As today’s small, scattered emissions trading markets grow, they may come to resemble the complex business and regulatory ecosystems of the futures and equities markets, which include various behind-the-scenes businesses similar to APX.

Another indicator that some very serious businesses are becoming involved is one of the new investors in the company’s latest funding: Goldman Sachs, a heavyweight in the New York financial markets.

The largest financial corporation in the world buys into both the "carbon-offset" as well as into the "carbon-trading" market, which is expected to become a multi-billion dollar business.

The reduction of the use of hydro-carbon energy will make large profits to be funneled once again into the financial markets, which then will substitute for the profits the oil companies, in cohorts with the oil producing countries, used to make. While energy demand is fairly inelastic, a generalized increase in end user cost will enrich the well placed.

Why, if "human caused climate change" is a scam, is this substitution necessary?

Because slowly but certainly the knowledge emerges, that these large oil-profits of the past had also been based on a scam - the scam of "resource depletion" caused by over-exploitation of resources due to "exponential global population growth".

The myth of" increasing and catastrophic resource shortages" was initially promoted by the Rockefeller associated "Club of Rome".

Nowadays this scam is most often called the "Peak Oil" problem.
The "Peak Oil" propagandists tell us that oil, as well as natural gas-production, has either already peaked or will in the very near future. After reaching the peak of production a fast decline would make "cheap energy" increasingly scarce. As a consequence, the global economy, dependent on "cheap energy", would contract and eventually crash. This would then cause wide-spread devastation for most of us. And for billions of people all over the globe it would cause constant food-shortages and even starvation.

The catastrophic consequences to global food-production by shortages of oil and gas as energy resources is the first false paradigm promoted by the "Peak Oil" myth.

The second one is, that the world´s economic production is vitally dependent on energy being "cheap".

The reality is, that it isn´t the world´s real, physical economy but the global financial markets which are dependent on energy-resources being "cheap". For today´s actual consumers of energy, for private, industrial or public consumers, oil and gas aren´t actually that "cheap".

It is the large difference between production costs and consumer prices of oil and gas, which for a long time have kept the snake-oil sellers of the big financial corporations afloat. This high price/cost difference in oil production in the past was forced unto global consumers by the monopoly power the large oil-corporations had on the business and the coercive power their main shareholders had on governments all over the world.

The same "monopoly" game is now being started with nuclear energy production, as Dutch researcher Rudo de Ruijter points out in

US-Iran: Raid on nuclear fuel market
In the background of the political joust about Iran, a few countries are reshaping the world. They are taking possession of the global nuclear fuel market. New IAEA regulations should keep newcomers away.

The US, UK, France, Germany, Russia, China and Japan will become the world’s nuclear filling stations. Under the auspices of the IAEA these suppliers will dictate the rules, the prices and the currencies they want to get paid in.
Iran has become the pretext and test case for their plans.

However, like the "man-made Global Warming" myth, the "Peak-Oil" myth is now being contradicted by the facts, which even part of the mainstream media can no longer ignore:

On January 18, 2008 the British Times reports:
World not running out of oil, say experts

A landmark study of more than 800 oilfields by Cambridge Energy Research Associates (Cera) has concluded that rates of decline are only 4.5 per cent a year, almost half the rate previously believed, leading the consultancy to conclude that oil output will continue to rise over the next decade.
Peter Jackson, the report's author, said: “We will be able to grow supply to well over 100million barrels per day by 2017.” Current world oil output is in the region of 85million barrels a day.

But not only do western experts now concede, that there is far more oil in the ground, than they have previously admitted to, but there are also a growing number of western geologists who finally are starting to challenge the 18th century theory of "fossil" fuel, something the Russians have done over half a century ago.

William Engdahl writes about this in his "Confessions of an “ex” Peak Oil Believer" Engdahl explains that for the Soviets it actually was "Necessity" which became "the mother of invention"

In the 1950’s the Soviet Union faced ‘Iron Curtain’ isolation from the West. The Cold War was in high gear. Russia had little oil to fuel its economy. Finding sufficient oil indigenously was a national security priority of the highest order.

Scientists at the Institute of the Physics of the Earth of the Russian Academy of Sciences and the Institute of Geological Sciences of the Ukraine Academy of Sciences began a fundamental inquiry in the late 1940’s: where does oil come from?

In 1956, Prof. Vladimir Porfir’yev announced their conclusions: ‘Crude oil and natural petroleum gas have no intrinsic connection with biological matter originating near the surface of the earth. They are primordial materials which have been erupted from great depths.’ The Soviet geologists had turned Western orthodox geology on its head. They called their theory of oil origin the ‘a-biotic’ theory—non-biological—to distinguish from the Western biological theory of origins.

If they were right, oil supply on earth would be limited only by the amount of hydrocarbon constituents present deep in the earth at the time of the earth’s formation. Availability of oil would depend only on technology to drill ultra-deep wells and explore into the earth’s inner regions. They also realized old fields could be revived to continue producing, so called self-replentishing fields.

They argued that oil is formed deep in the earth, formed in conditions of very high temperature and very high pressure, like that required for diamonds to form. ‘Oil is a primordial material of deep origin which is transported at high pressure via ‘cold’ eruptive processes into the crust of the earth,’ Porfir’yev stated. His team dismissed the idea that oil is was biological residue of plant and animal fossil remains as a hoax designed to perpetuate the myth of limited supply.

The Soviets then started to tailor their oil-explorations accordingly:
Following their a-biotic or non-fossil theory of the deep origins of petroleum, the Russian and Ukrainian petroleum geophysicists and chemists began with a detailed analysis of the tectonic history and geological structure of the crystalline basement of the Dnieper-Donets Basin. After a tectonic and deep structural analysis of the area, they made geophysical and geochemical investigations.

A total of sixty one wells were drilled, of which thirty seven were commercially productive, an extremely impressive exploration success rate of almost sixty percent. The size of the field discovered compared with the North Slope of Alaska. By contrast, US wildcat drilling was considered successful with a ten percent success rate. Nine of ten wells are typically “dry holes.”...

While the American oil multinationals were busy controlling the easily accessible large fields of Saudi Arabia, Kuwait, Iran and other areas of cheap, abundant oil during the 1960’s, the Russians were busy testing their alternative theory. They began drilling in a supposedly barren region of Siberia. There they developed eleven major oil fields and one Giant field based on their deep ‘a-biotic’ geological estimates. They drilled into crystalline basement rock and hit black gold of a scale comparable to the Alaska North Slope.

They then went to Vietnam in the 1980s and offered to finance drilling costs to show their new geological theory worked. The Russian company Petrosov drilled in Vietnam’s White Tiger oilfield offshore into basalt rock some 17,000 feet down and extracted 6,000 barrels a day of oil to feed the energy-starved Vietnam economy. In the USSR, a-biotic-trained Russian geologists perfected their knowledge and the USSR emerged as the world’s largest oil producer by the mid-1980’s.

With the fall of the Iron Curtain the Russian oil-theory became far more available to scientists and lay people in the western world. Enthusiastically embracing free-market doctrines in the 1990s the Russian oil experts initially offered to share their expertise with the western world. But they were rebuffed in their overtures.

Obviously a theory which contradicts the scarcity myth would cut into the profits of the western oil-corporations.

The Russian oil-companies at home, however, kept on working the same way they had done for nearly half a century. Well after the dissolution of the USSR, in the early 1990’s, they went on using the a-biotic petroleum theory
to drill for oil and gas in a region believed for more than forty-five years, to be geologically barren—the Dnieper-Donets Basin in the region between Russia and Ukraine.

And while the well-paid scientists of the western oil-companies rejected the theory, others did not. Raymond J. Learsy quotes the western proponents of the abiotic oil-theory in the Huffington Post:

The modern Russian-Ukrainian theory of deep, abiotic petroleum origins recognizes that petroleum is a primordial material of deep origin which has been erupted into the crust of the Earth. In short, and bluntly, petroleum is not a "fossil fuel" and has no intrinsic connection with dead dinosaurs (or any other biological detritus) "in the sediments" (or anywhere else)...

The modern Russian-Ukrainian theory of petroleum is based upon rigorous scientific reasoning, consistent with the laws of physics and chemistry, as well as upon extensive geological observation, and rests squarely in the mainstream of modern physics and chemistry, from which it draws its provenance.Much of the modern Russian theory of deep, abiotic petroleum genesis developed from the sciences of chemistry and thermodynamics, and accordingly the modern theory has steadfastly held as a central tenet that the generation of hydrocarbons must conform to the general laws of chemical thermodynamics, - as must likewise all matter. In such respect, modern Russian-Ukrainian petroleum science contrasts strongly to what are too often passed off as "theories" in the field of geology in Britain and the U.S.A.

The wall western multinational oil-companies had put up against scientifically based research to save their scarcity paradigm is obviously crumbling as was to be expected at least since the fall of the Iron Wall. More and more western scientific research supporting the long established and well tested Russian theories is now being published, as in the right-wing WorldNetDaily, which cites geologist and researcher Giora Proskurowski who, in a study published in Science Magazine presented new evidence supporting the abiotic theory for the origin of oil...

While organic theorists have posited that the material required to produce hydrocarbons in sedimentary rock came from dinosaurs and ancient forests, more recent argument have suggested living organisms as small as plankton may have been the origin.

The abiotic theory argues, in contrast, that hydrocarbons are naturally produced on a continual basis throughout the solar system, including within the mantle of the earth. The advocates believe the oil seeps up through bedrock cracks to deposit in sedimentary rock. Traditional petro-geologists, they say, have confused the rock as the originator rather than the depository of the hydrocarbons....

Lost City is a hypothermal field some 2,100 feet below sea level that sits along the Mid-Atlantic Ridge at the center of the Atlantic Ocean, noted for strange 90 to 200 foot white towers on the sea bottom.

In 2003 and again in 2005, Proskurowski and his team descended in a scientific submarine to collect liquid bubbling up from Lost City sea vents.
Proskurowski found hydrocarbons containing carbon-13 isotopes that appeared to be formed from the mantle of the Earth, rather than from biological material settled on the ocean floor.

Carbon 13 is the carbon isotope scientists associate with abiotic origin, compared to Carbon 12 that scientists typically associate with biological origin.
Proskurowski argued that the hydrocarbons found in the natural hydrothermal fluids coming out of the Lost City sea vents is attributable to abiotic production by Fischer-Tropsch, or FTT, reactions.

The Fischer-Tropsch equations were first developed by Nazi scientists who created methodologies for producing synthetic oil from coal.

"Our findings illustrate that the abiotic synthesis of hydrocarbons in nature may occur in the presence of ultramafic rocks, water and moderate amounts of heat," Proskurowski wrote.

The study also confirmed a major argument of Cornell University physicist Thomas Gold, who argued in his book "The Deep Hot Biosphere: The Myth of Fossil Fuels" that micro-organisms found in oil might have come from the mantle of the earth where, absent photosynthesis, the micro-organisms feed on hydrocarbons arising from the earth's mantle in the dark depths of the ocean floors.

Another piece of evidence for the abiotic origin of oil, are several experimental studies done recently:

Alexander Goncharov, a geophysicist at the Carnegie Institution ()and his colleagues in Russia and Sweden have experimentally shown for the first time that ethane and heavier hydrocarbons can be produced under the pressure and temperature conditions of the upper mantle, the slightly viscous layer of the earth directly below the crust. Their research was published () in Nature Geoscience.

"Our results provide a link which was previously missing or was doubtful because of a lack of in situ measurements ... for the upper mantle conditions," Goncharov said. "Thus, our work suggests there is a possibility for the [abiogenic] oil formation in the deep earth and that there is a potential to find more oil fields than expected if one assumes that oil could be formed only biogenically."

The researchers used a diamond anvil cell and a laser heat source to subject methane -- a primary component of natural gas -- to conditions that mimic the earth at 40 to 95 miles deep...................

Under those conditions, the methane reacted and formed petrochemical feedstock ethane and propane and butane, which are used as fuels, as well as molecular hydrogen and graphite. When the ethane was subjected to the same conditions, it formed methane, suggesting heavier hydrocarbons could exist deep under the earth's surface.

Barry Katz, a geochemist at Chevron Corp., agreed.
"I don't disagree with the idea," Katz said. "I disagree with the idea of commercial quantities. There's no question that it's coming out of the system. However, it's not coming out in commercial quantities."

Katz is acting like a true corporate hack. Russian, Ukrainian and Vietnamese oil producers have proved that there is indeed oil to be found at great depth and in commercial quantities.

According to an interview with oil-expert Dr. Kenney
Russian and Ukrainian scientists found
that a continuous reaction occurs naturally at a depth of approximately 100 km at a pressure of approximately 50,000 atmospheres (5 GPa) and a temperature of approximately 1500°C, and will continue more or less until the ‘death’ of planet earth in millions of years’ time. The high pressure causes oil to continuously seep up along fissures in the earth’s crust into subterranean caverns, which we call oil fields.

As the "Global Warming" myth is designed to put a large economic burden on the world population and hinder developing countries from rising up from poverty, so would the acceptance of the "Peak Oil" myth become the justification for endless wars in the Middle East, South America or the Caucasus, where we in the West are told we need to protect the "scarce resources" from the grab of the Chinese. Source

The Global Oil Scam: 50 Times Bigger than Madoff

Must read of today, from SeekingAlpha:

$2.5 Trillion - That’s the size of the global oil scam.
It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in "Madoff Units" ($50Bn rip-offs).

That’s right - $2.5Tn is 50 TIMES the amount of money that Bernie Madoff scammed from investors in his lifetime, yet it is also LESS than the MONTHLY EXCESS price the global population is being manipulated into paying for a barrel of oil. ... Read all


Update: University Study: CO2 Levels Remained Constant Since 1850
A central tenet of “climate change” dogma holds that increased emissions (2 billion tons a year in 1850 to 35 billion tons a year now) leads to greater CO2 levels in the atmosphere. But a new study from the University of Bristol could shake up traditional assumptions. The study suggests that CO2 levels have remained constant since 1850.

According to the University, “The results run contrary to a significant body of recent research which expects that the capacity of terrestrial ecosystems and the oceans to absorb CO2 should start to diminish as CO2 emissions increase, letting greenhouse gas levels skyrocket.” In fact, the trend in the airborne fraction has only been 0.7 ± 1.4% per decade (essentially zero).' Read more...