Iraq troop escalation, Iran's oil crisis, Russia vs. Belarus and Hugo Chavez

January 14th broadcast of the Embassy of the New World Order.

Just another installment of utter brilliance... as one of the callers said.

Subjects for this January 14th edition of the Emabssy of the New World Order on KSCO AM 1080 included:

• Escalation and surge of troops in Iraq. There is at least one aspect that must be considered before any comments are made and way too many armchair admirals and generals do not understand it. I have to admit that I myself foolishly neglected to find out more about numbers and was of the opinion that additional 20,000 are not enough compared to 140,000 already there. Well, it appears that in terms of Baghdad proper, this escalation and surge will more then double US troop contingent. According to Economist, 5 brigades will be added to 4 stationed there. Since Baghdad is the central point for the push, my optimism levels have risen to manageable levels.
• La Patria o la tumba! Hugo Chavez is dropping silly pretense and is calling himself for the communist he is. He is embarking on the path of late Salvadore Allende nationalizing communications, energy and oil industries. Considering records of Communist states or states with nationalized pyramid economies like USSR running out of grain with all the Ukrainian topsoil, the end result will be Venezuela running out of oil, oil money and making its people even more poor.
• Case to the point is a shocking prediction of  Iran running out of oil. Not out of oil in the ground, but out of oil available for consumption. Combine this with German Gref's warning that Russia might run out of natural gas for internal use. Oil prices have been on decline for some time now hovering just above $50 per barrel. Iran and Russia whose governments survive because of the petrodollars they rake in, might begin to feel the pinch if the situation continues to deteriorate. Especially if it is true that 70% of Iran's budget is based on oil revenues.
• Quick commentary on yet another PR fiasco the inept Putin Inc administration dragged Russia into - the quarrel with Belarus over oil and gas supplies, Gazprom's stake in Belarusneftegaz as well as another reminder to the Europeans of how reliable as a partner Russia can be.

As always much more substance, callers, funnies in the podcast. Download and enjoy.