i just conected some info i heard years ago that snapped into place..

[sam sarrha]

with what is happening today...has anyone else heard of this senerio ?? ..well, back in the 70's when the price of gas went from $0.27 a gallon to over $2.00 a gallon overnight, it was said that at that time the the origional deal of the west developing the oil fields and the Saudi's paying back our investment a little at a time was about up, so we made them a sweetheart deal on 30 year loans, theyre up soon, we would artifically raise the price of oil and the extra would go to the 30 yr accounts, we bribed the leaders of Light Sweet Crude producers, and they raised the price, the 'Account' was split into 2 TRUSTS, one loaned Billions to 3rd world countries that we knew couldnt even make the interest payments, then made deals with them to steal their natural resources cause they couldnt pay, Brazil, chile, argentina, mexico..mexico made a deal for 51% control of their banks for 1/2 their debt.etc etc the other trust bought stocks on the open market and american farm land, remember when all the farms were foreclosing and Willie brought attention to it and it stopped, the price went up because the Trusts purchising demand raised the value which raised the taxes,and the farmers couldnt break even. SOOOO.........if we find the Saudi's involved in the 911 affair we will FREEZE their assets..maybe hidden trillions...and the resulting revolution will put Sheites, in control and SAUDI ARABIA will cease to exist.. and the Bankers OWN IT ALL!!!

[Wonk]

1. It's called the Saudi Fund for Development, btw

for those (including me) who want to learn more about it.
http://www.google.com/search?q=%22Saudi+Fund+for+Development%22

[gristy]

2. you just now made that connection??

shit, I had that figured out years ago! :)

[sam sarrha]

3. i'm a little slow..

:dunce:

[madfloridian]

4. Well, I am slower.

:crazy:

Could you tell more about our farmland issues? I did not know that.

[sam sarrha]

8. this is probably just a beltway legend...but the story goes..

the money was rolling in and they wanted to invest it to make a profit. one trust bought farm land, and parked corperations on it to share crop, so to speak, and the Department of Agriculture subsidized the corperations, wether they did any farming or not, the jokes have become part of the american culture. i heard that the price of land went from about 300 an acre to about 1300 dollars, the increase of apparent value drove up the taxes a put farmers out of busisness. the fear was that the S America debtor coountries would default on he loans and the Trust property and stocks would be sold on the open market at deflated prices and cause a crash. the story sounds interesting. but i cant see how they could launder the money, BUT the cocaine drug industry has Laundered over a trillion probably...so, why not. several years ago a senator on the NEWS said he found a paper trail of over a trillion dollars and wanted to know what it went for... then i didnt heard anything about it again. i dont have a mind for numbers or busisness. i just heard that the Turd Reich was covering up for the Saudi's involvement. this is strange, because this doesnt sound like it couldnt be lied out of considering all the lie'n thats go'n on...

[sam sarrha]

5. i checked it out, i dont think that is what im talking obout..i'm talking

about a 50% to 60% pr/gallon ripoff for the last 30 years, is that what you are refering to...?

[madfloridian]

6. I don't know enough to know what I am referring to.

I really don't. I just have wondered how much other countries are "into" our country now. I found an article at the prudentbear.com about how the Japanese and other countries were buying up so much here. I will see if I can find it.

[punpirate]

7. The fly in this ointment at present...

... is that of public perceptions of Saudi Arabia and the Japanese being high-flyers with lots of money to invest in the U.S. It's not exactly true. The Saudis have pretty much overspent themselves for decades living the good life, and are gradually pulling investments out.

But, for many years now, the single largest investor in the U.S. is... Great Britain. As of a few years ago, approximately 40% of all foreign investment in the US comes from British sources.

Cheers.

[DagmarK]

9. Just a side note......but were you buying gas in the 70s?

"in the 70's when the price of gas went from $0.27 a gallon to over $2.00 a gallon overnight"

Gas was not at .27 a gallon when OPEC hit us. It was like .50/.60 a gallon, I think. (going from memory here.....started driving in 1976).

And the outlandish prices went to a DOLLAR...........sometimes a little more. But not $2.00. I remember when the day it was .99 at my local Chevron. The MAIN problem was supply........there wasn't any gas to buy! LINES that went on and on and on. And in some places, you couldn't buy gas if your lic plate ended in an odd number or an even number, depending on the day. And, of course, the utility charges.

Gosh, back then, we had a president who had the cajones to get on the TV and tell everyone to turn down their thermostats and conserve and imposed speed limits. Incredible...a president working for the public good and that of the earth. Those were the days......

Just had to say something........

Correct me if I am wrong folks, but that's what I remember.

[punpirate]

10. Nope, not quite....

There were _two_ oil shocks in the `70s, the first in 1973, and the second in `78.

Gas in the early `70s was typically 23 to 28 cents a gallon, until the OPEC slowdown in 1973. It then jumped to roughly 60 cents by late `73, and pretty much stayed there until the embargo of 1978. During the early days and weeks of that embargo, there were instances of gas going to nearly $2.00/gal in some areas where there were shortages of supply and long lines. Some of the distributors in those areas were later accused of artificially exacerbating shortages.

Prices came down after the embargo, but remained well above the previous 60-cent nominal price range, with incremental increases from then on.

Cheers.

[sandnsea]

11. Let's see, where was I in '78

Hmmm.... drunk!!!

Cover charge $3.00

A drink $1.50

Ounce of weed $60.00

Gas??????? I have no freaking idea!

(but I don't recall ever paying $2.00 for a gallon of gas)

[DagmarK]

13. You must have been in calif and close to the sensamilla

that came from Hawaii or something.....cause lids weren't $60 in the heart of New Mexico where I was! I am thinking $20 for some paraquat-laden mexican ragweed! If I recall........ :-)

Probably saw the good stuff around 1979, and they were selling buds for the price of a mexican ragweed lid!

(Oh, thanks punpirate for the gas price reminder. Yeah, I wasn't driving in 1973.....and don't even recall an energy crisis! I think I was out building a fort or something. LOL The fort, of course, was completely self-sufficient, requiring NO petroleum fuel for operation. hmmmmm, we were on to something.

I do remember the price gauging......and it was deemed artificial. Shame!)

[Art_from_Ark]

14. Actually, right before the first oil shock in 1973

gas stations in Arkansas were having "gas wars" that were driving the price down to as little as 19 cents per gallon. I don't think it rose to as much as $2.00 a gallon, though-- more like 50-60 cents, which would be like like $2.00 in today's money.

[rman]

12. appropriate quote

"Banking was conceived in iniquity, and was born in sin.

The Bankers own the Earth.

Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again.
However, take it (the power to create deposits) away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in.
But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits."

--Sir Josiah Stamp, President of The Bank of England, 1920
(then 2nd richest man in the world)