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You Can't Handle The Truth!
Not many busy people, working hard to provide for their families will have even noticed the HUGE news that came out this week, but we all should.
This is earth shaking news, this is a confirmation that the world as we know it will be totally transformed within the next 10-15 years and you know what? Your local newspaper will probably not even have mentioned it... You even have to dig for it in the Wall Street Journal. As a Wall Street trained investment advisor with some very influential clients in Costa Rica, for over twenty years a big part of my work has been studying geopolitics in an effort to quantify how various events could affect my client's global investments, George Soros - one of the world's most successful investors - calls this the "theory of reflexivity." Not everyone will believe me or agree with me, some of you may think I'm a lunatic and that's just fine, however, world affairs appear to have reached a dangerous tipping point which has compelled me to share this information with you and I would encourage each of you to investigate these claims for yourselves... Most people I know do not trust our politicians, our governments, our Prime Minister, even our President. And after the last ten years, why on earth should they? Deep down people 'think' we're being lied to but they're not sure and, few people - by design - have the time available to do the necessary homework to discover the truth and, although we think we want to know the truth, as Jack Nicholson screamed in the movie A Few Good Men: "You can't handle the truth!" Our governments believe we cannot handle the truth |
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If our governments were to declare: "Look folks! Within the next 15 years the global economy will collapse totally and billions of people around the world will die from starvation because without fertilizers crop yields and food production will drop dramatically."
What would you do?
Since our way of life in the West is based on oil, we will see a huge number of companies going bankrupt, we will see nightmarish unemployment rates of 50% and during winter, many of our weakest citizens will freeze to death in their homes... We'll see massive civil unrest, the declaration of martial law and hundreds of thousands of detentions as millions of cold and hungry people take to the streets.
Our whole global economy is dependent on the transportation of people and products, and this week it was announced that: "The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency (IEA) who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying."
"The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves."
And this was done because of "fears that panic could spread on the financial markets if the figures were brought down further. And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources," he added."
Maybe because "The U.S. military is the single largest purchaser and consumer of oil in the world." And we can all imagine how efficient that military force be would be without enough oil!
The International Energy Agency (IEA) was established in 1974 after the oil crisis to try to safeguard energy supplies to the west. The World Energy Outlook is produced annually under the control of the IEA's chief economist, Fatih Birol and this World Energy Outlook is a vital tool used by governments around the world to help plan for the future.
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Just two years ago in its 2007 World Energy Outlook, the IEA predicted a rate of decline in output from the world's existing oilfields of 3.7% a year, but the new 2009 report projects a much higher and very worrisome rate of decline of 6.7%.
The IEA's chief economist, Fatih Birol explained this enormous discrepancy on the fact that the 2007 report was a "global assumption about the world's oil fields" whereas the latest 2009 findings "were based on a major study it had undertaken into decline rates in the world's 800 largest oilfields."
Most sane people would find it truly mind boggling that the IEA 'claims' to have never done this before: "In fact nobody had done this research," he said. "This is the first publicly available data."
So the old data was - let's be honest - a guess but now, hallelujah! We have more factual data and it's "not good news."
In an video interview with George Monbiot, IEA's chief economist, Fatih Birol states that: "I hope that you are right that the governments are listening to us, I'm not as optimistic as you are...." "The energy path that we are following is an unsustainable one!" And that "... the reason we are asking for a global energy revolution is to prepare everybody for difficult days and difficult times."
"In terms of non-Opec [countries outside the big oil producers' cartel]," he replied, "we are expecting that in three, four years' time the production of conventional oil will come to a plateau, and start to decline. In terms of the global picture, assuming that Opec will invest in a timely manner, global conventional oil can still continue, but we still expect that it will come around 2020 to a plateau as well, which is, of course, not good news from a global-oil-supply point of view."
Well there's the understatement of the century for you!
In their World Energy Outlook 2009 Fact Sheet the report projects that electricity demand will grow by a staggering 76% between 2007-2030 and then in the following paragraph it states quite hilariously that; "The world's energy resources are adequate to meet the projected demand increase through to 2030 and well beyond."
Even if we had lots of oil - which we do not according to these respected experts - the other required ingredient we don't have enough of to generate huge increases in electricity is water.
"In the report on peak oil commissioned by the US department of energy, the oil analyst Robert L Hirsch concluded that "without timely mitigation, the economic, social and political costs" of world oil supplies peaking "will be unprecedented".
He went on to explain what "timely mitigation" meant. Even a worldwide emergency response "10 years before world oil peaking", he wrote, would leave "a liquid-fuels shortfall roughly a decade after the time that oil would have peaked". To avoid global economic collapse, we need to begin "a mitigation crash program 20 years before peaking". If Hirsch is right, and if oil supplies peak before 2028, we're in deep doodah."
The fact of the matter is we cannot handle the truth which is exactly why we have been lied to for so long...
The US and UK governments probably believe that 'sacrificing' tens of millions of Iraqis, Afghanistanis, Pakistanis and - coming soon - a few million innocent people in Iran, to get exclusive access to the richest oil fields on earth, is worth it to prolong our rotting, totally unsustainable civilizations for a few more years before we start moving back towards the dark ages.
What do we do?
If you're not already thinking in survival mode, get there fast and, wherever you are, we all need to make sure we have a well stocked and secure refuge preferably away from the maddening crowd where we can at least try to ride out the long, very dangerous storm that lies ahead.

Written by Scott Oliver, author of 1. Costa Rica Real Estate Scams & How To Avoid Them, 2. How To Buy Costa Rica Real Estate Without Losing Your Camisa, 3. Costa Rica's Guide To Making Money Offshore and the Director of Costa Rica Living & Retirement - Secrets To Happiness, a new DVD which reveals all with 14 in depth interviews...
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