Infiltrating Bilderberg 2005
counterpunch.org
Hot topics for global elites in 2005 include: Energy, the recent relection of Blair, the upcoming EU referendum in France, & China.
The following quotes from the article makes a lot of sense to me if peak oil is indeed an impending reality:
An American Bilderberger expressed concern over the sky-rocketing price of oil. One oil industry insider at the meeting remarked that growth is not possible without energy and that according to all indicators, world's energy supply is coming to an end much faster than the world leaders have anticipated. According to sources, Bilderbergers estimate the extractable world's oil supply to be at a maximum of 35 years under current economic development and population. However, one of the representatives of an oil cartel remarked that we must factor into the equation, both the population explosion and economic growth and demand for oil in China and India. Under the revised conditions, there is apparently only enough oil to last for 20 years. No oil spells the end of the world's financial system.
And, in particular:
Conclusion: Expect a severe downturn in the world's economy over the next two years as Bilderbergers try to safeguard the remaining oil supply by taking money out of people's hands. In a recession or, at worst, a depression, the population will be forced to dramatically cut down their spending habits, thus ensuring a longer supply of oil to the world's rich as they try to figure out what to do.
Personally, apart from a small short position in Pulte Homes, my portfolio is invested 22% in energy juniors, 18% in low PE/high-growth China forestry and agriculture co's, 22% in precious metals juniors and bullion, and 39% CDN T-bills. Trying to position for both a serious bought of continuing inflationary montary goosing by the Fed and fellow global central banks, while also hedging for a collapse in financial asset prices stemming from inevitable problems in the Financial sphere.
glenn |
