- This past week saw the dollar flail like the new kid
in swimming class, accidentally in over his head. Remember him?
Splish...splash...splosh....gurgle... He's up! He's down! Finally, the
instructor takes pity and hauls him closer into the shallow end. For a
time, despite significant rescue attempts, it seemed as though the dollar
might actually be allowed to sail under 82.00. Then, just like a clock,
on Friday the dollar straightened out and held the line....at 83.00. Precisely,
too - not 82.99 and not 83.01. Precisely, exactly 83.00 was its close.
What a coincidence! I must be psychotic. Or is that psychic? I keep
confusing the two.
- With all American markets up somewhat and, despite steady
gains in recent days, both gold and silver solidly took it on the chin
Friday, unaccountably (unless you account for market rigging, of course)
plunging $7.10 and $.26 per ounce, respectively, on the day's trading,
where they now sit until the overseas market opens again, late tomorrow.
- Ever since Henry Paulsen took office as Treasury Secretary,
market manipulation now takes place with no regard to either common decency
or legality. No longer does there seem to be any pretense that "they"
are not rigging the markets. After all, what are we going to do about
it? Call it the Bush doctrine all over again, just being employed in
the financial world.
- Did you notice that the major brokerage firms recently
reported record profits yet again? Not hard when you know, each and every
day, exactly what the markets will do. Tell me exactly the figure at which
the S&P index will close each day for the next month and, starting
with $1,000, I will round out the month being worth more than Bill Gates.
Their only danger is in making too much money, of course. We have a saying
here in North Idaho: Pigs get fat and hogs get slaughtered.
- I was amused recently to read in one on-line forum how
one fellow who holds himself out as an expert in all things financial literally
laughed at my assumption that these markets are being manipulated. Why,
even the mainstream media now talks openly about the rigging. When MSNBC's
commentators dare to mention the Plunge Protection Team, as many have in
recent weeks, the fix has become so institutionalized that, next, I would
not be surprised to see it made into a cabinet post. The Secretary
of Investment Security, perhaps, in the modern Orwellian fashion that has
the Secretary of Defense making war and the Department of Homeland Security,
based upon results, intent upon making Americans feel anything but secure.
- So, it appears that the dollar's new reality has become
83.00, a commonly-reported index composed of six foreign currencies, just
as I cautioned more than once recently. Next will come 82.00, of course,
then 81.00. Where will the dollar index be when the global dominoes all
fall down? We won't notice or care, so distracting will WWIII have become
- I do know the dollar's ultimate destination, however:
Zero. By then, we will have been switched over to the Amero, with
the all-digital Globo then being openly discussed as the Amero's replacement.
Read my book for the gory details and how to keep from becoming a part
of the statistical nightmare now shaping up.
- What escapes one's attention by focusing upon that index,
however, is that all western fiat currencies (which means all Western currencies,
of course) are being inflated like there is no tomorrow. The dollar's
apparent decline merely is against some of those currencies.
- Nor can we get an accurate handle on how quickly all
the currencies are plunging in buying power, due to the worldwide rigging
of markets; just that the dollar is moving a bit faster than the others.
Without paper gold and paper silver, which is all that futures and options
on them really are (and which I increasingly suspect ETFs like GLD and
SLV have become, given the nagging rumors of their having leased out their
gold and silver, just as did most central banks long ago), the prices of
both now would be in orbit, if not well on their way to the Moon, their
- Here, let me say it one more time: Cash in your
GLD and SLV and buy the real thing. Holding ETFs is the same thing
as playing musical chairs, with only a fraction of the necessary chairs
available for those circling the room. Had you switched over just a couple
of weeks ago, Friday's decline notwithstanding, already you would have
recovered the commission incurred in making the conversion. I still have
not entirely followed my own advice, in case that somehow reassures you.
Call it lethargy or an attempt to bottom fish or whatever. Regardless,
it is foolish. See? I readily admit to it.
- Don't dare even mention stocks or bonds to me. Holding
equities today is beyond foolish and can best be described as downright
- My name is Edgar J. Steele. Please visit my web site,
www.ConspiracyPenPal.com, for other messages just like this one.