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Saudi Officials Worried About Oil’s Future

Saudi Officials Worried About Oil’s Future

Saudi delegation

Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, and equally confident that U.S. shale will not seriously eat away at their oil revenues, however fast it grows.

The general message seems to be: We can handle everything. Behind the scenes, however, things look differently, Time reports, citing former and current U.S. government officials with experience in the Kingdom.

Following an interview with Crown Prince Mohammed, in which he anticipated a bright future for crude oil thanks to new strong demand, Time talked to several U.S. officials who shared their concern about how realistic this view of the industry actually is.

In fact, these officials believe Saudi Arabia is still overdependent on crude oil, and this could spell trouble for the barely contained powder keg that is the Middle East—a ripple in crude oil would likely set the region all ablaze. What’s more, they say, Saudi Arabia is still unable to make ends meet, even at the current higher oil prices. If prices fall and its deficit deepens further, the Kingdom would be hard pressed for an urgent change in its heavily subsidized economic model. There is even a danger of the economy crashing, one U.S. official said, and should this happen, chaos will ensue.

It is possible that Saudi officials are downplaying some very real threats to all the ambitious economic reform plans initiated by Mohammed bin Salman. However, it seems difficult to gauge the importance of these threats when Saudi sources are often at opposing ends of the opinion spectrum. Some, U.S. officials say, are adamant that everything around the reforms is proceeding smoothly. Others are equally adamant that the Kingdom is running on fumes that will soon evaporate.

…click on the above link to read the rest of the article…

New, little-seen report warns the nation’s power infrastructure is increasingly vulnerable to physical attacks

Image: New, little-seen report warns the nation’s power infrastructure is increasingly vulnerable to physical attacks

(Natural News) It’s looking more and more like it will take a major attack against the U.S. power grid before the government and electric industry come together and get serious about protecting it.

According to a new investigative report that likely won’t get much attention outside of certain circles, the U.S. electric grid is increasingly vulnerable as power companies lag behind in adopting better security measures.

And the result, someday soon, could be catastrophic — as in near-complete societal breakdown.

As reported by the Washington Free Beacon, the report from the North American Electric Reliability Corporation, or NERC, says that the grid’s vulnerability is heightened by an unprecedented wave of attacks that threaten to cripple the entire country.

NERC notes further that amid a wave of stepped-up attacks against key power stations, the organization has had difficulty convincing power companies to step up their protective measures meant to thwart would-be attackers and terrorists.

Since 2014, according to the Congressional Research Service, which cited from the NERC report, “security risks to the power grid have become an even greater concern in the electric utility industry,” though the power sector “has not necessarily reached the level of physical security needed based on the sector’s own assessments of risk.”

The Free Beacon noted further:

In the three years since federal overseers implicated a series of new standards for physical security of grid locations, the industry has worked to improve its defenses but has struggled to implement all of the government’s recommendations, according to the report.

The slow moving pace of reforms, combined with an increased threat level and inability of the federal government to warn of upcoming attacks, has fueled concerns that the U.S. electric grid could be easily taken down by a rogue actor.

…click on the above link to read the rest of the article…

How the SHTF in Bosnia: Selco Asks Americans, “Does this sound familiar?”

How the SHTF in Bosnia: Selco Asks Americans, “Does this sound familiar?”

Selco interviewed by Daisy Luther

I was recently emailing back and forth with Selco and we were discussing the situation in the US right now, with the political polarization, the rage, and the general cognitive dissonance. I asked him if he saw any similarities between our situation and the one in Bosnia when the SHTF there during the war. When he replied I knew I had to share this information with you.

While we might like to think it could never happen here, the current events here are eerily similar to what happened there in the 1990s.

When you read this. think about recent events. The anger about immigration. The destruction of Civil War monuments. The unease between the races. The deep rage about the recent presidential election. The scorn and derision for neighbors who think differently. The way the media fans the flames of dissent between our fellow Americans.

You’ll realize that it definitely CAN happen to us…and there’s not one darn thing we can do except to be prepared.

What parallels do you see with events in the US and Bosnia before the SHTF?

US and Yugoslavia (in 1990) on first look do not have anything in common because people are going to say, “The USA cannot have anything similar to any socialistic system.”

This is true but only on first look.

Yugoslavia had somewhere around 20-22 million citizens, six republics (similar to states in the US), 3-4 main religions, and many national groups (ethnicity).

The official state policy was to build Yugoslavian “nationality” (from the end of WW1) and through different ways that effort was successful until the 90s.

We were “something big, united through differences with a strong connection to make something big.”

 

…click on the above link to read the rest of the article…

SELCO: The Brutal Truth About Violence When the SHTF

SELCO: The Brutal Truth About Violence When the SHTF

Are you prepared for the extreme violence that is likely to come your way if the SHTF? No matter what your plan is, it’s entirely probable that at some point, you’ll be the victim of violence or have to perpetrate violence to survive. As always, Selco is our go-to guy on SHTF reality checks and this thought-provoking interview will shake you to your core.

If you don’t know Selco, he’s from Bosnia and he lived through a year in a city that was blockaded with no utilities, no deliveries of supplies, and no services. In his interviews, he shares what the scenarios the rest of us theorize about were REALLY like.  He mentioned to me recently that most folks aren’t prepared for the violence that is part and parcel of a collapse, which brings us to today’s interview.

How prevalent was violence when the SHTF in Bosnia?

It was wartime and chaos, from all conflicts in those years in the Balkan region Bosnian conflict was most brutal because of multiple reasons, historical, political and other.

To simplify the explanation why violence was common and very brutal, you need to picture a situation where you are “bombarded” with huge amount of information (propaganda) which instills in you very strong feelings of fear and hate.

Out of fear and hate, violence grows easy and fast, and over the very short period of time you see how people around you (including you) do things that you could not imagine before.

I can say that violence was almost an everyday thing in the whole spectrum of different activities because it was a fight for survival.

Again, whenever (and wherever) you put people in a region without enough resources, you can expect violence.

…click on the above link to read the rest of the article…

“The Market Is On The Edge Of Chaos, A Zone Where Rare Events Become Typical”

According to Fasanara Capital, which has long argued  that the market’s systemic fragility is approaching its breaking point, markets stand at a critical juncture, ready to snap, as the following note from Fasanara’s Francesco Filia lays out.

* * *

The Market System Is Tight In All Directions

The Four Pillars Holding Markets Up Are Strained, All At The Same Time

Viewed as a combination of intertwined components, each component is showing growing signs of pressure and seem to be running out of road for further advancing. The synchronicity of them, more than any single component taken independently, is what should draw attention, as it compounds systemic risk.

Here are the four components, characterizing the basin of chaotic attraction for markets nowadays:

What happens when the system is tight in its key possible directions of expansion? That it expands no more. Stochastically, on one of the components a tipping point is reached, which jumpstarts the autolytic effect, spreading back through the vectors of the complex system, and snapping the unstable equilibrium into an alternative stable state. That is our thesis.

In this recent interview, we discuss the impending tipping points for markets due to a synchronicity of excess valuations, excess indebtedness, excessively low cash balances and a drawback in excessive public flows.

Let’s give a cursory look across the four components. Again, the list is by no means exhaustive, but rather a work-in-progress (seemingly endless) collecting of data points, following on to our previous work of ‘a long list of anomalies’ here and here.

…click on the above link to read the rest of the article…

Pandemonium: Atlanta Airport Power Outage Grounds Flights, Traps Travelers; Evacuation Underway

Pandemonium: Atlanta Airport Power Outage Grounds Flights, Traps Travelers; Evacuation Underway

Update: Delta has canceled all remaining Sunday flights ”to allow the operation to best reset for Monday,” it said in a statement on its website. The company now anticipates a near-full schedule Monday in Atlanta ”pending full resumption of power”; adding that some delays and cancellations can be expected. Delta noted that it has canceled approx. 900 mainline and Delta Connection flights Sunday as a result of the outage. Full Delta statement below:

The Atlanta airport lost power Sunday across concourses and terminals affecting all airlines. As a result of the ongoing outage, Delta will cancel its remaining Sunday domestic schedule to allow the operation to reset for Monday. The airline has canceled approximately 900 mainline and Delta Connection flights Sunday as a result of the outage and 48 flights have diverted to alternate airports due to a nationwide groundstop for Atlanta-bound flights.

Pending full resumption of power, Delta anticipates a near-full schedule Monday in Atlanta, though some delays and cancellations can be expected.

Delta continues to deplane the remaining customers from aircraft that have not been able to park at terminal gates that require power to operate. The airline will also work to reunify customers with their luggage once power is restored.

The Atlanta Airport, along with Atlanta Police Department, are restricting the vehicles allowed to the terminal drop-off and pick-up area due to congestion. Delta customers are encouraged to check the status of their flight via the Fly Delta mobile app or delta.com before heading to the airport. A travel waiver has been issued for Delta customers flying to, from or through Atlanta allowing customers to make one-time changes to their travel plans. Details are available at delta.com.

Delta has temporarily embargoed unaccompanied minors from traveling Monday due to the power outage. Unaccompanied minors who already began their travel Sunday may continue.

…click on the above link to read the rest of the article…

In Just 5 Days Without Trucks, Chaos Would Erupt in America

In Just 5 Days Without Trucks, Chaos Would Erupt in America

Have you ever thought about how fast things could go sideways in America?  What if we went 5 days without trucks moving supplies across the country? Have you considered how JUST ONE THING could change the world as we know it?

The video below has been around for several years, but if you haven’t seen it in a while, it is worth watching again.

Think for a moment about what would happen if the trucks stopped running. The trucking industry is the lifeblood of this country, and according to this, it would only take 5 days without trucks for all hell to break loose.

Watch.

In only 5 days without trucks, everything would change.

In only five days, with only one component of our economy missing, we could be without medication, food, gasoline, and sanitation. We would be unable to travel great distances easily, as airports would close.

Think about it:

  • No toilet paper.
  • No laundry detergent.
  • No fresh fruits and vegetables.
  • No fresh milk.
  • No garbage trucks picking up waste and no way to get to the dump.
  • The banks would close.
  • No parts would be available for things that need repair.
  • We couldn’t refill prescription medications.
  • No gasoline would be available.

Panic would erupt.

It’s that easy for all hell to break loose. Five days without the regular delivery of supplies and our country could devolve into chaos. And if it was longer than 5 days without trucks, the initial panic would be a G-rated movie compared to what would come next.

We live in a just-in-time society.

Most retail stores no longer stock up on food but have a “just in time” ordering system that relies on regular shipments.

…click on the above link to read the rest of the article…

The Real Risk to the Global Economy

THE REAL RISK TO THE GLOBAL ECONOMY

WASHINGTON, DC – One of the great mysteries of today’s global markets is their irrepressible enthusiasm, even as the world around them appears on the verge of chaos or collapse. And yet, investors may be more rational than they appear when it comes to pricing in political risks. If investing is foremost about discounting future cash flows, it’s important to focus precisely on what will and will not affect those calculations. The potential crises that may be most dramatic or violent are, ironically, the ones that the market has the easiest time looking through.

Today’s market is easy to explain in terms of fundamental factors: earnings are growing, inflation has been kept at bay, and the global economy appears to be experiencing a broad, synchronized expansion. In October, the International Monetary Fund updated its global outlook to predict that only a handful of small countries will suffer a recession next year. And while the major central banks are planning, or have already begun, to tighten monetary policy, interest rates will remain low for now.

Political crises, however sensational they may be, are not likely to change investors’ economic calculus. Even after the greatest calamities of the twentieth century, markets bounced back fairly quickly. After Japan’s attack on Pearl Harbor, US stock markets fell by 10%, but recovered within six weeks. Similarly, after the terrorist attacks of September 11, 2001, US stocks dropped nearly 12%, but bounced back in a month. After the assassination of President John F. Kennedy, stock prices fell less than 3%, and recovered the next day.

…click on the above link to read the rest of the article…

How America Spreads Global Chaos

How America Spreads Global Chaos

The U.S. government may pretend to respect a “rules-based” global order, but the only rule Washington seems to follow is “might makes right” — and the CIA has long served as a chief instigator and enforcer, writes Nicolas J.S. Davies.


As the recent PBS documentary on the American War in Vietnam acknowledged, few American officials ever believed that the United States could win the war, neither those advising Johnson as he committed hundreds of thousands of U.S. troops, nor those advising Nixon as he escalated a brutal aerial bombardment that had already killed millions of people.

Air Force F-105s bomb a target in the southern panhandle of North Vietnam on June 14, 1966. (Photo credit: U.S. Air Force)”

As conversations tape-recorded in the White House reveal, and as other writers have documented, the reasons for wading into the Big Muddy, as Pete Seeger satirized it, and then pushing on regardless, all came down to “credibility”: the domestic political credibility of the politicians involved and America’s international credibility as a military power.

Once the CIA went to work in Vietnam to undermine the 1954 Geneva Accords and the planned reunification of North and South through a free and fair election in 1956, the die was cast. The CIA’s support for the repressive Diem regime and its successors ensured an ever-escalating war, as the South rose in rebellion, supported by the North. No U.S. president could extricate the U.S. from Vietnam without exposing the limits of what U.S. military force could achieve, betraying widely held national myths and the powerful interests that sustained and profited from them.

…click on the above link to read the rest of the article…

How to Cope with Inevitable Chaos

How to Cope with Inevitable Chaos

And that’s okay. You don’t need to. And neither does governments.

Is it me or does it seem like current times are more chaotic than ever?

The world seems to be constantly threatened by mass shootings, terrorism, war in the Middle East, nuclear proliferation, and lack of international diplomacy. Turn on the news and you’re bound to find a new threat that purports to destabilize the order of the world.

Right here at home, the national debt continues to soar to new heights, and the student-debt bubble seems more concerning as each day passes. Congress is failing to repeal and replace Obamacare, even with a Republican majority. News circulates about Trump’s administration constantly changing, while he still has over 1,000 top-level positions to fill. It seems like the people in charge of our domestic order can’t even seem to accomplish the very thing we elected them to do.

It makes one question just what is going on in our modern society? Are we seeing the social fabric unravel before our eyes? Why have things gotten so disorderly?

The Struggle Against Chaos

These are the questions posed, but something is missing. A certain historical context is left out. The real question we should be asking is, are current times truly more chaotic than ever before, or have things always been this way?

The history of humanity has been a struggle between order and disorder. Mankind has always been walking that fine line, struggling to find a balance.

This story goes all the way back to the Garden of Eden. A land of harmony and order, but man descends into chaos when a snake is let in and convinces Eve to eat the apple. Ever since, mankind has been subject to a world of disorder, struggling to keep a grasp on a life that seems random, and chaotic.

…click on the above link to read the rest of the article…

The Disaster Myth Narrative: No One Panics, No One Loots, No One Goes Hungry

The Disaster Myth Narrative: No One Panics, No One Loots, No One Goes Hungry

The most effective way to destroy people is to deny and obliterate their own understanding of their history.”  ~ George Orwell

A few years back, I was doing some research about the aftermath of some natural disasters that took place here in America. I was shocked to find that the articles I was looking for – ones that I had read in the past – were pretty hard to find, but articles refuting the sought-for pieces were rampant.  Not just one event, but every single crisis aftermath that I looked up, had articles that were written after the fact stating in no uncertain terms that the hunger, chaos, and unrest never happened.

Apparently we, the preparedness community, are all wrong when it comes to the belief that after a disaster, chaos erupts and civic disorder is the rule of the day. That is only a disaster myth, and the public narrative belies it all.

Listen to the “experts” and they will confirm, it never happens.

looters2

Panic?  What panic?

According to newspaper articles written after Superstorm Sandy devastated the East Coast and after Hurricane Katrina caused countless billions in damage in New Orleans, people were calm, benevolent and peaceful.  Heck, they were all standing around singing Kumbayah around a campfire, sharing their canned goods, calming frightened puppies, and helping the elderly.

Apparently, studies prove that the fear of anarchy, lawlessness, and chaos is nothing but the “disaster myth”.  Reams of examples exist of the goodness and warmth of society as a whole after disaster strikes. All the stories you read at the time were just that – stories, according to the mainstream media:

…click on the above link to read the rest of the article…

America Not Immune from Chaos

America Not Immune from Chaos

“Exceptional” America views itself as largely immune from devastating storms and the violence that infect much of the world, but recent weeks show that there is no protection against natural and human catastrophes, writes Ann Wright.


Over the past two months – between natural disasters and the actions of a heavily armed gunman firing from a high-rise hotel – citizens of the United States have faced the kind of havoc and violence that people in other parts of the world have been enduring routinely.

Hurricane Irma as seen from space. (NASA photo)

Sunday night’s mass shooting in Las Vegas killed 59 and left more than 500 wounded. In previous weeks, American citizens have faced loss of life and massive property damage in Puerto Rico, Florida, Texas, and the U.S. Virgin Islands from Hurricanes Maria, Irma and Harvey.

Of course, other places in the Caribbean suffered their own devastating blows from these major hurricanes: Cuba, Barbuda, Dominica, Antigua, British Virgin Islands, Turks and Caicos, British Virgin Island, St. Martin, Monserrat, Guadaloupe, St. Kitts and Nevis.

In other parts of the world, one-third of Bangladesh has been under water from monsoon rains; parts of Nigeria have been flooded; Mexico has endured killer earthquakes.

And then there is the politically driven violence, such as is occurring in Burma/Myanmar with Rahingya villages burned, thousands murdered, and over 400,000 people fleeing into Bangladesh to escape Buddhist Burmese/Myanmar military attacks.

There is also the seemingly endless devastation from wars waged or encouraged by U.S. policymakers. People in Afghanistan have been enduring war and destruction for 16 years; in Iraq for 13 years; and in Syria for five years.

Afghan, Pakistani, Somali, Iraqi, Syrian and Yemeni civilians have been murdered by U.S. killer drones whose pilots, ironically, are trained 60 miles from Las Vegas, raining hellfire missiles from above in the same sort of sudden violence as people in Las Vegas suffered Sunday night.

…click on the above link to read the rest of the article…

Conspiracy or Chaos?

CONSPIRACY OR CHAOS?

“The main thing that I learned about conspiracy theory is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Iluminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory. The truth is far more frightening – Nobody is in control. The world is rudderless.” – Alan Moore

Alan Moore, the renowned graphic novel writer, and author of the dystopian classic V for Vendetta, politically identifies as an anarchist. His view that all political states are an outgrowth of anarchy, with the biggest gang taking control and dictating how things will be run, is manifested in V for Vendetta. As an anarchist, you can understand why he is doubtful of conspiracy theories and an all-powerful entity controlling the world. He believes in a chaotic world competing gangs position themselves to gain power and control.

“We live in a badly developed anarchist situation in which the biggest gang has taken over and have declared that it is not an anarchist situation – that it is a capitalist or a communist situation. But I tend to think that anarchy is the most natural form of politics for a human being to actually practice.”- Alan Moore

The Guy Fawkes mask from V for Vendetta has been adopted by anarchist groups around the world, including: Anonymous, WikiLeaks, and the Occupy protestors. Moore’s positive view of the Occupy movement was based on his belief ordinary people had the right to reclaim what had been taken from them by criminal bankers. The initial impetus for the Occupy protests was the destruction of Main Street USA by Wall Street sociopaths, who not only escaped prosecution for their crimes, but were bailed out by the taxpayers they had pillaged and further enriched as captured politicians enabled them to get even bigger.

…click on the above link to read the rest of the article…

“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban

“There’s Chaos Everywhere” – Indians Angry As ATMs Run Dry After Cash Ban

The blowback from the world’s latest strike in the war on cash is unraveling fast in India. This week’s decision by PM Modi to ban some high-denomination banknotes (on the premise of fighting corruption) has left “chaos everywhere” according to one official who accused the prmeier of wreaking havoc on the poorest Indians. As Reuters reports, nearly half of India’s 202,000 ATMs were shut on Friday and those that operated quickly ran out of the new notes as scores of people descended upon them.

Bloomberg’s somewhat calming perspective on the events taking place in India…
India’s banks have been caught out by Prime Minister Narendra Modi’s unexpected and widely-praised announcement late on Tuesday of the withdrawal of 500-rupee and 1,000-rupee notes,part of a crackdown on tax evasion and the underground economy. Jaitley urged people not to rush to banks immediately and wait for a few days and to conduct financial transactions using electronic transfers, cheques and credit and debit cards.

“A big regret is that people are getting inconvenienced, but currency replacement of this magnitude will cause some problems,” said Jaitley. “There are long, but orderly queues. Such a big currency replacement can’t be done overnight.”

Indians rushed to deposit 478.68 billion rupees ($7.1 billion) of cash at State Bank of India after the government’s surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry.

Are very different from the more frantic scenes described on social media and reported on by Reuters

Anger intensified in India on Saturday as banks struggled to dispense cash following the government’s decision to withdraw large denomination notes in an attempt to uncover billions of dollars in undeclared wealth.

Tempers frayed as hundreds of thousands of people queued for hours outside banks for a third day to swap 500 and 1,000 rupee bank notes after the notes were abolished earlier in the week.

…click on the above link to read the rest of the article…

Seeking Calm in the Middle of Chaos

SEEKING CALM IN THE MIDDLE OF CHAOS

“Do. Or do not do. There is no try.” – Yoda

A lie repeated often enough becomes the truth, both for those who wish it to be the truth because it fits their (programmed) mindset, and those who practice what I describe as ‘garbage in, garbage out’ non critical thinking. Setting aside the desire to expand upon the definition of ‘truth’, if the purpose of the lie (and the intent of the liar) is to shape reality via propaganda dissemination (basically to gain advantage) might not the lie also be directed towards those who know it to be a lie?

As silly as that statement may appear on the surface, it is reasonable to inquire exactly how a known or suspected lie may significantly shape the reality of those who at a minimum may not know the truth, but can smell a lie a mile away. The answer comes by way of how we react to the lie and not the lie itself.

If we are consumed by the lie, either by accepting it as ‘truth’ or by obsessively and forcibly exposing it, particularly to those who could care less or to those who are of like mind who need external affirmation of their alternative reality, we are effectively disempowered by the very lie we reject.

Most assume a lie is used primarily to hide the truth. And for this purpose it is most effective, particularly when it fits neatly within the overall controlling narrative. But the lie is also purposefully directed towards those who know a lie when they hear one.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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