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Category Archives: Resource Based Economy

OPEC is an international oil cartel set up to fix the price of oil by controlling production. The world “cartel” here – implies a monopoly. But is it REALLY?
Here’s a list of member nations within OPEC.

The five founding nation:

1. Republic of Iran
2. Iraq
3. Kuwait
4. Saudi Arabia
5. Venezuela

Now, before I go on – notice something about that list above. Except for Saudi Arabia and Kuwait – the rest of them aren’t exactly on friendly terms with the United States. Also, notice that the United States – isn’t on that list.

Let’s go on. Other countries to join that list later include…

6. Qatar (1961)
7. Indonesia (1962) – (suspended membership in 2009)
8. Socialist People’s Libyan Arab Jamahiriya (1962),
9. United Arab Emirates (1967),
10. Algeria (1969),
11. Nigeria (1971),
12. Ecuador (1973)
13. Gabon (1975) – (terminated membership in 1995)
14. Angola (2007).

Minus Indonesia and Gabon – that makes 12 countries. Again, these TWELVE COUNTRIES are supposedly powerful enough to CONTROL THE PRICE OF OIL – Globally.

At least, that’s what we are supposed to believe.

What about Russia and the United States?
We do know that BOTH these countries have VAST, and mostly UNTAPPED Oil Reserves. Yes, even the United States – believe it or not. (Hello, Alaska!) So, how exactly is it possible for these twelve countries to hold MONOPOLY POWER over the price of Oil?

The simple answer – is that they DON’T!

The truth is that these “Oil Producing Countries” have been GIVEN the authority to decide on the price of oil by an agreement forged by Henry Kissinger. The United States agreed to stay out of production (large enough to affect oil price) if OPEC chose to SELL oil to the U.S. in exchange for – well – paper currency.

As dumb as that decision seem today, US dollars – being the sole World Currency – seemed rather attractive to OPEC members. With large dollar bills – they could trade internationally, buy stuff, build buildings…. all the stuff that rich countries do. And what need did THEY have for their own crude? They did not have the resources or technology to even refine the stuff!

Fast forward 2012.

Saudi Arabia seems to have run out – or, at least overstated its reserves by 40 percent (and will soon run out!)

Iraq – invaded.

Iran – about to be in a war, or destabilized by C.I.A/Mossad – whatever.

Venezuela – destabilization failed, invasion failed…. I don’t know what they’ll try next.

Kuwait – under American “protection” – after that nasty invasion by Saddam back in 1991 (after his invasion got approval by the U.S. congress, btw.)

Libya – well, we know what’s happening there right now! Gaddafi seems to have been taken by surprise.

Go down the list – and you will find not a single country – unaffected by some mysterious destabilizing force, or without a U.S. military base nearby. None of these countries have ever had true democracies. Instead they’ve all had dicatators – in one way or the other.



And most telling of all – apart from Saudi Arabia, the United Emirates and maybe Qatar – few seemed to have retained the oil wealth. Almost none, seemed to distribute that wealth to the general populace.

So, here we are now. Oil wealth generated by selling crude to the U.S. has resulted in nothing but destabilization and/or destruction. What about the countries which are left?

Well, it seems that there is a plan to bankrupt them as well.

The beauty of a fiat currency – is that you have a REAL monopoly over its value. And unlike gold or silver – you have the power to make that value – go to ZERO.

Oh, those poor, poor Arabs!


Update:




I don’t know of any other movie on the Net – other than Loose Change – which has awakened and affected the public to the tyranny of the modern monetary system more – than Zeitgeist (the first movie)

Zeitgeist II (Addendum) was a little harder to watch – and a there was a growing sense of incredulity towards the end.

I’ll let YOU decide how this THIRD Zeitgeist movie fares. And if this proves too heavy for you – try “The American Dream” below, first – as an intro….

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