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List Alert
(Market Update 6-8)
by Edgar
J. Steele
November 26, 2006
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My name is Edgar J. Steele.
This is a
www.ConspiracyPenPal.com list
alert:
Below
is a brief email alert I sent to my small list of those interested in things
financial last Friday morning, well before the markets closed. It occurs to
me that it might be of general interest to the entire list for the reasons
stated in my latest column, "Are
We There Yet?" wherein I recounted the significance
of the dollar falling through the .85 resistance level. Friday closed at
about the levels reported on the Kitco page enclosed below with my
earlier email alert.
It is
Sunday evening, November 26, 7 pm PST, as I write this. The overseas
markets once again are pounding the dollar, which now is yet another
.003 lower, in action that foreshadows what could happen tomorrow in New
York and Chicago. Doesn't mean that it will, however, as this truly is a
major crisis for the dollar and we can expect the government to heave into
its illegal market manipulation mode big time.
Do the
government's illegal market manipulators still have the juice to snatch the
dollar from the jaws of hyperinflation? Probably, but it is only a matter
of time, as the rest of the world now has figured out.
So -
massive inflation looms and is inevitable, due to the massive mismanagement
and impending demise of the dollar. Stock market crash and eventual
precious metals prices to the Moon, along with everything else
that accompanies a financial Armageddon even worse than Depression I.
Picture the US dollar on life support and periodically flat-lining,
requiring regular defibrillation just to keep it breathing shallowly. You
can do that just so long - and the process itself adds to the damage already
done. The prognosis, of course, is terminal.
What to
do? Well, the historical remedy for a terminal economy always has been just
one thing: World War. America doesn't have four aircraft carrier
battle groups on station in and around the Persian Gulf right now for no
reason, folks. It is particularly telling that at least one of them is well
overdue for rotation back home.
Big
things are in the offing, methinks. Is Bush really stupid enough to attack
Iran? Of course, but it is his venal nature that really allows him to do
all that he does.
Bush
will require provocation sufficient to quell public dissent, which you can
expect Israel to provide through one of its signature "false-flag" events.
Too bad that it will require several thousand Americans to die, just to get
enough other Americans who are too stupid to realize what really is going on
to clamber aboard the war wagon.
I could
be wrong, of course. I hope so, but probably am not. I haven't been wrong
about these things very much lately.
Expect
big things soon. Very soon...
-ed
---------------------------------------------
The
following was sent to my small list at 10:30 am PST, Friday, November 24,
2006:
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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.
Copyright ©2006, Edgar J. Steele
Forward as you wish. Permission is granted to circulate
among private individuals and groups, post on all Internet
sites and publish in full in all not-for-profit publications.
Contact author for all other rights, which are reserved.
On-Line link to this article in HTML format: http://www.conspiracypenpal.com/columns/update0608.htm
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