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The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

--- Gratitude THE ILLUSTRATIONS GIVEN IN THE LAST CHAPTER will have conveyed to the reader the fact that the first step toward getting ...

Friday, February 26, 2010

Game Over

Stealing more stuff from books... I truly hope they don't mind and sue me...

This is excerpted from Game Over 'How to prosper in a shattered economy' by Stephen Leeb, PhD

I do highly recommend the book...

It's easy to imagine a Tom Clancy novel in which a small group of CIA operatives scheme to prevent peace in the Middle East. After all, if a lasting peace were ever achieved in that region, it would be a disaster for the West. Certainly, capitalism and democracy would get a firmer foothold during peace time. But that's just the problem. Capitalism and peace would lead to economic growth. If oil producing nations in the Middle East grew to the point that they were using all of their oil to sustain their own economies, where could the developed nations turn for oil?

Consider, for example, Iran and the controversy over its nuclear program. Because Iran is OPEC's second-largest oil exporter, most people assume it has all the energy it needs. Therefore, they conclude that the only motivation Iran could have for building nuclear reactors must be to create fuel for nuclear weapons.

However, it's not that clear cut. Iran's economy is growing by 4.3 percent a year, which means it's energy consumption is rising. Rodger Stern of John Hopkins University analyzed the growth of Iran's domestic energy demand, the depletion rate of it's oil production, the cost of raising production, and other factors ("The Iranian Petroleum Crisis and United States National Security," Proceedings of the National Academy of Sciences 104.1, January 2, 2007: 377-82). He found that under even the most optimistic scenario, Iran's oil exports will decline to zero by 2015. The Iranian government depends on revenue from oil exports. Therefore, the country has a good reason for wanting nuclear reactors. By using nuclear power to meet its domestic energy needs, Iran hopes it can continue selling oil. Otherwise, it will become a net importer.

If Iran can run out of oil to export, so can every OPEC member. Most Middle East countries are classified as developing nations. So are many other resource-rich countries. We can expect their energy and commodity needs to increase at a rapid pace for the foreseeable future. Eventually, world wide growth could lead to a situation where, when the united States goes shopping for the commodities it needs, the entire world says, "Sorry, we have nothing to spare." At that point, our economy and our standard of living would be in serious trouble. We would see inflation higher than ever before experienced.

This is spooky stuff if you ask me... I think as many people as possible should be aware of the real problems faced by the entire world, including the United States.

Those being the lack of adequate commodities in the world and our own dependence on those commodities here in the United States. When/if these problems occur, or worsen, it will have a dramatic effect on our standard of living here and around the developed world.

What we U.S. citizens get is an endless stream of hopeful propaganda about how everything is going to be just fine...

Bullshit it is!

There are reasons the powers that be lie to their own people... Please try to keep that in mind and please try to educate yourself as much as possible about what is 'really' going on in the world around you...

There is a never ending cycle of government elite propaganda from most all governments all over the world.

Take responsibility for educating yourself.

Knowledge is power...


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