Gold is going higher and the dollar has had it. They're getting a Hurricane-Powered, Full-Tilt, Turbo-charged, divorce. It's going to be ugly and drawn out, almost like watching a wax sculpture in a phoenix sun, or a slow motion train wreck. Dying, slowly, twisted. Next stop for gold is $2100.
Suffering the onslaught of Ben Bernanke is one thing, but the costs supporting financial tyranny and the neo-con foreign policy of driving over half the world out of the dollar dominated monetary system, by doing God knows what with Iran, is another. All our empire building in the Middle East did was accelerate the growing bi-lateral agreements that now link China with Iran, with India, with Russia, Africa, and Brazil (BRIC's), that have now excluded the dollar as the means of transacting trade.
Oil is now traded in over half the population of the world without the dollar.
It's only a matter of time now that the world markets mark down the value of the dollar in a significant way. It's deterioration has been going on, but now it is coming to the realization of the market. I think we're seeing the very start of this, prices up, dollar down. I think we've seen some of that driving equities.
Food will rise faster, which will cause a much larger problem in the 2nd and 3rd world, than here in America. Then who knows? Hunger is a powerful force. The price of gasoline? Rising on crashing demand. These are early trends that should continue.
And if the dollar is going to take a hit, bonds are going to start taking a bit more of a drubbing.
Israel and Washington and Europe are pounding war drums against an Iran whose Islamic Jihaed grip tightens after the March elections. There is no opposition in Iran anymore because the West (America) did not support them.
Now, by extending the embargo into the movement of accounts of trade, we've pushed the dollar further down the slippery slope, and made things tough in Iran. And when you're up against the wall, going to war to bring the nation together to repel the Infidel because it's the only thing you've got to hold the country together; and the belief that the finances of the Western World are a house of cards (they are); it might not be a bad gamble.
The same holds true for the West. It's no secret that the enemies of the United States and Britain were all the country's that had bi-lateral trade agreements with Germany prior to the out-break of hostilities. If the dollar is collapsing, Washington could use a good tail-wagging-dog war.
It sounds insane, but it certainly has the potential, doesn't it?
Gold, the monetary barometer, and Dollar, what a gal
Divorce after so many years, it's going to be ugly.
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