- My name is Edgar J. Steele. This is a Nickel Rant.
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- Some ask why I write financial articles, rather than
continually pout over America's general political and social condition,
seemingly my normal wont.
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- I have said, straight out, that my financial writings
are designed to lure the unsuspecting back to my lair (www.ConspiracyPenPal.com)
where I then can have my way with them.
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- But there is another reason to carry on about the financial
end of things: Economics is just another way of looking at the same
old gloom and doom I have been preaching for years.
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- What's more, national economics now is quickening and
merging ever more closely with our political and social condition. After
all, that is what war always is about, you know: economics.
And ... has anybody proven better than have Bush and our current Congress
that politics is about nothing butmoney?
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- The Dollar Does a Swan Dive...
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- Now the dollar has breached 80 (remember 85, then 84,
then 82, all of which now seem so long ago?), measured as it is against
that index of foreign currencies. The dollar is dropping faster this week
than a cheap hooker's panties, despite obvious illegal and manipulative
bailing taking place by the usual suspects, producing modest gold/silver
declines this morning on the heels of several days' strong gains.
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- We may find out as early as today if the first part of
my prediction of just last week - that "they" will weakly defend
the dollar at 79, yet draw the battle line at 78 - comes true. Actually,
I already know it will come true. After all, it has to.
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- However, even I am just a little surprised to see that
it might happen so quickly. And so will the rest of my years'-old prediction
come true, namely that the dollar eventually will sail on down to 65, enroute
to oblivion.
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- ...Right into the Punch Bowl
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- Picture the financial markets as a giant party, with
everybody queuing up to drink the Kool-Aid. Suddenly, someone keels over,
then another. Somebody cries out: "Ewwww...there's a giant t**d floating
in the punch bowl."
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- WhirlyBen (Bernanke, Chairman of the Federal Reserve
Bank, which is private, not federal, has no reserves and is no bank, yet
controls the dollar absolutely) shouts, "Relax, it's just a fake,
plastic gag prop. Here, let me shovel in a bunch more to prove it."
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- "Gag is right," shouts another, "God,
the smell is awful!"
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- That's kind of like what is taking place right now with
regard to the dollar, as people begin to realize what "backed by the
full faith and credit of the United States" really means.
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- Something's Coming...
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- There are ominous portents all over the landscape just
now, indicating that something big is in the offing:
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- 1. The impending and unprecedented Air Force Stand-Down
ordered for this Friday, together with numerous civil defense "drills"
scheduled during the coming week throughout America, not to mention war
drills scheduled throughout the world.
- 2. The cancelled El Al (Israeli) flight schedule for
Friday through Sunday (yes, the front end of the Jewish high, holy days,
but that is not the point or the cause, rest assured).
- 3. The mysteriously meandering nuclear missiles that
illegally flew cross-country suspended under wing on a bomber, not just
as freight, which our government now claims was the result of an error
(yeah, right, an error involving 5 nuclear missiles ... or was that 6 and
now one is missing, as some claim?).
- 4. The Fed meeting scheduled for next Tuesday where discount
rate cuts almost inevitably will be announced (if not sooner because of
the ever-expanding mushroom cloud rising up over the collapse of America's
housing and mortgage industries).
- 5. That just-released, already-proven-phony Bin Laden
videotape (yes, Virginia, he died several years ago, just as then was reported
upon extensively in the Arabic-language press but suppressed in the West,
as so much is suppressed here).
- 6. That "accidental" emergency alert triggered
in Illinois this morning.
- 7. Bush straining with everything he's got to get the
American public on board with his "kill Iranians for Israel"
plans.
- 8. Israel claims, suddenly, to have discovered nuclear
installations in Syria.
- 9. Oil is about to breach $80 per barrel.
- 10. Dick Cheney's "gut feeling" that America's
next terrorist attack "will be nuclear."
- 11. Michael Chertoff's "gut feeling" that
America "will soon be hit hard."
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- Use Our Dollar or Die
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- Remember that for years, I have predicted that WWIII
must start to mask implosion of the dollar. Hardly anybody seems to have
noticed that the dollar, no longer backed by gold or, even, oil, now is
backed by American military force alone (use our Dollar or die - just ask
Iraq and, soon, Iran).
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- "They" clearly have made the stock market a
priority. After all, crashing it (in absolute dollar terms) would lead
to the current derivative hangover turning into a first-class nightmare
faster than necessary. Discount and interbank interest rates - and general
short-term interest rates, too - all have to ratchet down in order to continue
the market's current death-defying act of levitation.
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- They Live!
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- Who are "They?" Please, there are children
present. Go rent a copy of "They Live," then follow it up with
a rewatch of "The Matrix" (ignore the sequels, which are trash)
and you will understand. Then come back and ask me that question
again.
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- The average American seems not to care that the measuring
stick (the dollar) gets shorter every day, just so long as his stock portfolio
or retirement account doesn't drop in value, as measured by the number
of those sticks. He will, believe me. He will. I almost added "but
then it will be too late," but it has been too late for years, already.
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- Meanwhile, you can have the punch if you like. I'll
stick to things a bit more precious, things with a metallic aftertaste.
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- New America. An idea whose time has come.
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- My name is Edgar J. Steele. Thanks for listening. Please
visit my web site, www.ConspiracyPenPal.com, for other messages just
like this one.
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