TRILLIONAIRE

It is said by some energy experts that the states of Colorado, Utah and Wyoming harbor a combined cache of wealth the equivalent of 2 trillion barrels of oil. At todays oil prices that would amount to over $100 trillion worth of wealth!

Four years ago, if you had googled the word “trillionaire”, you would have come up with less than a thousand references to the subject. Today, punching in the word “Trillionaire” on any of the major search engines you are likely to come up with less than 70,000 results, even on Yahoo.

In 1999, Wired magazine erroneously predicted that Bill Gates would be the world’s first trillionaire by 2005. Unfortunately it didn’t predict the dot bomb meltdown of 2000 and 2001.

Neither Gates nor Buffet is interested in remaining the richest and second richest men in the world. They are both fast and furiously giving their money away before they die lest they become unable to pass through to the gates of paradise after their demise.

The number of billionaires being made worldwide continued to accelerate up until around the end of 2005, with more than two dozen being added in the last couple of years to the worlds list of richest humans, now numbering closer to 800.

But this year, with Congress holding back Fannie Mae from increasing it’s assets much beyond its current $2 plus trillion in mortgage holdings, the stock market suffering a malaise that keeps the DOW range bound between 10,000 and 11,000, inflation being checked by 18 interest rate increases in the past 24 months by the Fed, and other global economic factors, the only new people getting rich these days are war profiteers.

Blame it on government crackdowns of corporate America or the war addicted economy, either way, a search of the word billionaire produces more than 13 million results.

Nevertheless, by 2010, there will be more than a 1,000 billionaires worldwide, a 20% increase from today’s numbers, predicts this author.

There appears to be much more interest in billionaires, and a geometrically growing interest in this new breed of non-existent human that is yet to become a reality in today’s global economy supposedly run by the inept “new world order” and the military industrial financial media complex known the world over as “trillionaire”.

Unfortunately, becoming a millionaire today is about as commonplace as finding a lucky penny on the sidewalk. There is a new millionaire minted every day some place in the world, especially in light of the real estate bubble, despite its bursting.

Studying the subject of trillionaires is fascinating only because there is yet to be a bona fide claim to that title in human history. It does not exist!

Of course there are lots of phony trillionaires running about the planet, spreading rumors about their wealth.

One of particular interest of late has been fomented by a newsletter publisher who claims that last year a group of U.S. lawmakers unleashed a new plan to unveil a secret U.S. government oil field and unlock the oil trapped inside. This oil field theory is being bandied about as the next greatest investment since hedge funds.

This new reserve holds more than 2 trillion barrels of oil... Enough to meet our energy demands for the next 500 years, according to some estimates”, says the report that is being marketed through Raging Bull (how appropriate).

According to the report, Utah Senator, Orrin Hatch says “The gigantic untapped resources found in Utah, Colorado, and Wyoming is sufficient to meet our energy needs, while also contributing to the ever-increasing global demand for liquid fuels.”

According to Chairman of the Senate Committee on Energy and Natural Resources, Pete Domenici, “Developing this new oil resource “could literally shake the world.”

And weighing in with this astonishing statement, Energy and Minerals Subcommittee Chairman, Jim Gibbons says, “We actually have some of the world’s largest potential oil resources within our borders. If my math is correct, we have 12 times as much oil as Saudi Arabia.”

What is being touted as “The Next American Oil Boom” boils down to this: Oil Shale. But it will take a trillion dollars to develop it.

It could take the seven largest oil companies in the world to commit their combined $5 trillion in assets pledged to the largest banks in the world, several of which now exceed a trillion dollars each in assets, (Bank of America, Citigroup and Merrill Lynch each have or manage assets in excess of $1 trillion) to develop this huge oil producing potential.

If produced too fast however, it would cause the collapse of oil prices, so don’t expect this new industry to be developed any time soon, no matter what laws Bush has signed into effect, or how far ahead of the US China is in the oil shale industry.

This discovery or revelation by the Government however does debunk all the myths about peak oil. With that much oil potential being developed from shale, the national debt could be expanded to $20 trillion without a hiccup in the economy. We are almost half way there! Just give it four more years!

Today, this vast resource sits idle — untapped — inside more than 16,000 square miles of rock and sand. Enter the trillionaire scam stories.

According to Greg Szymanski, who wrote a story for the Arctic Beacon, an alternative media web site replete with online sensationalist radio broadcast journalism, there was a plot by the Reagan administration to create a $28 trillion offshore slush fund, set up to destroy Russia by collapsing its currency.

Somehow, this fund wound up under the control of one Leo Wanta, according to another author who claims he was once an adviser to Margaret Thatcher’s government.

That would make Leo Wanta, a former ambassador to Somalia, who was arrested in Switzerland for tax evasion and brought to trial in Wisconsin, and later released, some kind of trillionaire, who supposedly has the authority of a Federal Judge to disburse this money to all Americans, but it’s all being blocked by none other than “arch terrorist war criminal George Bush”.

Yet if you drill it back, and dig very deep, the original source of this supposed illegal trillion dollar slush fund is a scam involving short term notes originated in some foreign country to be used to fund various investment projects in the United States including shale oil development in of all likely places, Colorado, Utah and Wyoming.

Sounding much like one of those Nigerian “dead uncle left me millions” email scams, it is highly unlikely that any judge has or needed to authorize the return of $4.5 trillion in offshore slush funds garnered from the collapse of the Russian Ruble to the American people.

Then there is the story of the Penny King and his Penny King Holdings. Supposedly, his company, Penny King Productions, was in the business of making movies and raising venture capital for others through a very large 200 page prospectus.

The prospectus elaborated on how the Penny King was buying up pennies from homeless people on the streets of America and giving them 500% returns on their hoardings, how the “Penny King” was going to become the world’s first trillionaire by issuing himself hundreds of trillions of shares of stock worth $8 each, and refinancing the $8 trillion in mortgage debt owed by America’s dreaming homeowners with zero interest mortgages.

Unfortunately, the man behind the nations penny shortage in 1999 was later blackballed by the Securities and Exchange Commission, blackmailed by his ex wife, and brought down by a cabal of former business associates who stole all his legal documents, including his prospectus, aside from those facts being that he was addicted to pot and crack cocaine.

The Penny King, a subject about whom many articles have been written in a negative light, is now only a memory on the world wide web and the real man is recovering from his own personal addictions with 2 years of sobriety, no longer trying to become the world’s first trillionaire.

Lastly, there is the story of Toks, headed up by an illiterate foreigner who is trying to raise hundreds of billions over the internet through his web site by issuing and trying to sell multi billion dollar promissory notes without registering them with the Securities and Exchange Commission.

He is still trying to buy 15 of the world’s largest corporations and merge them into one unit so that the operational cost savings would allow him to become the world’s first trillionaire, even though the SEC has obtained a permanent injunction against him by default. He couldn’t afford a securities lawyer either.

Just another dream, illusion, delusion (depending upon your point of view) turned into nightmare in the land of the free, the home of the brave, where billionaires are made and rubber stamped by the legal profession, not born.

In all likelihood, the whole world, and all of their governments combined are not ready for any one single individual to be that wealthy.

Despite there being infinite wealth in the universe, governments continue to promote global scarcity because they are gripped by the Octodragon!

(Google it if you don’t know what it is.)

If these were not the facts and truth of the matter, there would be much less than the current number of 4 billion people on the planet earning less than $2 per day.

What would or could a trillionaire possibly do with all that wealth anyway? Start another war? Revolutionize the mortgage industry? Make housing more affordable for everyone? Bring about world peace? Cure all of man’s diseases? Your guess is as good as any extant billionaires’.

Just as John D. Rockefeller, in the age of the oil and industrial revolution barons became an intimidating force to the “have nots”, anyone aspiring to become the world’s first trillionaire is likely to face stiff opposition from anyone who is any less than a billionaire already.

Just ask any billionaire if they really enjoy their position and ninety nine out of a hundred will tell you, it isn’t worth all the headaches, but it does pay the bills.

Copyright Alex S. Gabor. All World Rights Reserved. Published by permission.