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John Perkins-Oil Companies Will Use Middle East Crisis to Jack Up Prices

Published on 22 Jun 2014

http://usawatchdog.com/corporate-empi… Financial expert John Perkins has a unique perspective about the unfolding crisis in Iraq. Perkins, a former chief economist who advised the U.S. Treasury Department and the IMF, to name a few, says, “Another force has now stepped up to the stage and that’s the militant Islamic force, and it’s a very strong force. It is a very anti-capitalistic force. So, it is the force going up against the corporatocracy. Even though Russia, China and the United States compete on many levels as they are doing in Ukraine and other places, they have a common enemy, which is this Islamic regime that wants to overthrow the corporatocracy. I am not talking about all Islamic people by any means; I am talking about the radical Islamic militant groups like ISIS that is coming into strength in the Middle East right now.” Perkins goes on to say, “Now, what’s happening suddenly in Iraq, Syria, Iran and the whole Middle East is exploding once again. I think Middle East oil is not nearly as important as a few years ago. There are other alternatives now. Having said that, the oil companies will use what’s going on in the Middle East to jack up prices as high as they think they can.”

Join Greg Hunter as he goes One-on-One with John Perkins, best-selling author of “Confessions of an Economic Hit Man.”

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