The tip of the iceberg of the Peak Oil scam is apparent in this Asia Times article on the Iraq invasion oil price spurt:
See Also: BreakForNews.com April 4th Audio
It's all over. In broad daylight, the Americans and the Organization of Petroleum Exporting Countries (OPEC) cheered as the price of oil popped up from US$30 a barrel to more than $50. The world now has to shell out an additional $600 billion a year of "lucky bucks" to oil-producing countries just to stay in motion.
The rise in oil prices guarantees that the value of the US dollar will be pushed down even further, and stay down. The US strategy for using oil to finance its deficit is, of course, brilliant. The dollar-rich Asians are hung out to dry when the price of oil rises because they have to spend more of their dollars on oil.
As the price of oil goes up, extra money floods into the Gulf kingdoms. It's a sure bet that America's OPEC buddies will stash their newly found Asian lucky bucks into good old American Treasury notes. In effect, the US and its Gulf Arab allies just pulled off the biggest central-bank heist in the history of the world....
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