OIL: US spending $1,100 per barrel

Paradise Lost
Johnny Silver Bear

It appears to me that the markets are rigged. All games that can be rigged will be rigged, sooner or later. The Fed, working in league with the U.S. Government, rigs the U.S. markets. But don't think for a second that the Fed has some kind of monopoly on a situation where rapacity pervades honest reason. All markets are rigged. Central bankers, the world over, are primarily involved in fleecing the people. The fact that the Fed is the most powerful of the Central Bankers, and that they are primarily responsible for perfecting the insidious contrivance called inflation, has not kept the rest of Central Bankers of the world from entering into a game of "catch up". As far as they are concerned, there is only one motive, and that motive is economic world domination. Which Central Bankers will dominate will depend on which ones end up with the most. That's just the nature of absolute corruption. That is the reason that whole world is currently strapped with a fiat system. The ability to create money, out of thin air, provides for absolute economic power. Absolute power equals absolute corruption. It's as simple as that. By rigging the markets, through various forms of intervention, the central bankers have set up a scheme whereby the wealth of the world could be siphoned off at will.

The reason that this fiat system has become so all pervasive in the world is the lure of an uncapped, unending source of credit that is availed to all governments who are willing to play the Central Banker's game.

One instance is the game that we are playing with Iraq. Why are we not buying our oil from Canada for $45 per barrel, but instead, stealing it from the Iraqis at a cost of around $1,100 a barrel? Information gained from the Energy Information Administration, (http://eia.doe.gov/) provides this data. When the number of barrels of Iraqi oil that we have imported is divided into the $300 billion we have spent on the war so far, the number comes to about $1,100 per barrel. From an accountant's standpoint, this doesn't seem like a very good deal. [more]