Market
Update 7-9
by Edgar J. Steele
July 11, 2007
|
Downloadable audio
files of I Know I Don't Know: |
|
Latest Nickel Rants: 9/30/07 - Mr Mental Explains the US Dollar Index mp3 audio 9/23/07 - Fight Crime: Shoot Back! mp3 audio 9/12/07 - The Dollar in the Punch Bowl mp3 audio 8/27/07 - Abe Foxman: Holocaust Denier mp3 audio |
|
Latest Columns: 9/14/07 - Yet Still More Whine in Old Battles mp3 audio 8/27/07 - Tipping Point mp3 audio 5/20/07 - Hell, No - I Won't Go!!! mp3 audio 3/25/07 - "Jesus Had it Coming..." mp3 audio |
My name is Edgar J. Steele.
A list member wrote yesterday and asked, "Will we have to wait for a nuclear war for silver to go up?"
Here is the response I sent him:
Many have asked for a financial update, in light of the dollar's recent plunge.
Well, here's my update on silver: Buy it. Buy it now. Don't ask why. Don't wait until tomorrow. Just freeking buy it, dammit!
Two weeks ago, I predicted that the dollar soon would drop below .80. Some laughed. As is almost always the case, today they are not laughing. At this very moment, the dollar trades at 80.55. Will it recover? Some, but we know where it has to end up - dead. Where will silver be when that day comes? On the Moon, Alice...on the Moon.
The following chart is from the venerable James Turk's commentary posted today at www.GoldMoney.com :
The Herculean market manipulation effort by our government over the past couple of years is more than apparent. Clearly, they are near the end of their string, as well.
To the Technical Analysts among you, this chart literally screams that the dollar is about to plunge beneath 70. Once that happens, the game very likely is over and they will nuke either Tehran or Des Moines, depending upon which they believe will get them the most mileage. Regardless, things then will spiral out of control and the world as we know it will be over.
If you bridle at what I have to say in today's Nickel Rant, Dead Country Walking, please consider the following from CounterPunch's Jerry Kroth, from whom comes "Whatever AIPAC Wants, AIPAC Gets," in which he states:
"Curiously, all of the traitor democrats
were huge career recipients of funds from the Israeli lobby.
If we took ten Democratic apostates and compared them to ten Democrats who stood
by the voters,
pro-Israeli PAC contributions were
"ten times"
greater for the turncoats than those who stayed with their constituencies
($322,000 versus $34,000 on average).
"To
be specific:
Carl Levin, outspoken critic of the war and, we thought, a loyal supporter of
the new regime to end it, defected and blithely turned his back on his Michigan
support base.
Despite his strident anti-war rhetoric, theGrand
Rapids Independent
reports Levin has supported Bush all the way
"consistently funding the war and not introducing any meaningful legislation to
bring it closer to an end." Practically unknown to his constituents,
Levin is one of the largest beneficiaries of Pro-Israeli PAC funds collecting
$600,000 in career contributions
according to theWashington
Report on Mideast Affairs.
"Barbara Boxer, Denis Kucinich, and Earl Blaumenauer, all opponents of the war,
collectively got $73,000,
but turncoat-democrats, Dan Durbin, Max Baucus, and
Frank Lautenberg
scooped up in excess of
a million plus
untold benefits like travel funds.
"What comes out in the wash
is the best PAC money can buy:
Three months before we invaded Iraq, a
New York Times poll
showed
only 30 percent of the American people favored an all-out invasion, but the
Israeli lobby (AIPAC) did, and it prevailed.
Hardly a sprinkling of Americans favored the
"surge,"
a meager fourteen percent,
but AIPAC did, and the surge is surging as we speak.
Fewer than thirty percent of Democrats supported that no-strings-budget, but
AIPAC did, and the conclusion plays out another hackneyed chorus of
"Whatever AIPAC wants, AIPAC gets."
Copyright ©2007, Edgar J. Steele
Forward as you wish. Permission is granted to circulate both the written and audio version of this Nickel Rant among private individuals and groups, post on all Internet sites and publish in full in all not-for-profit publications. The audio version of this Nickel Rant may also be freely used in its entirety by for-profit broadcasting entities, but is not to be included in any recorded format which then is sold to others. The audio version may be rebroadcast, either live or archived on the Internet, either copied or linked directly to my web site, profit and nonprofit alike, so long as it is used in its entirety. In fact, I encourage any and all radio hosts to use it freely. Contact author for all other rights, which are reserved.
On-Line link to this rant in HTML format: http://www.conspiracypenpal.com/columns/update0709.htm
Subscribe: Click here
Note: One or both of the following
buttons may not work with your email program or browser. If so, then
please visit
www.DefensiveRacism.com
and make use of the order buttons there, which should work with your
browser...
Buy copies of Defensive
Racism
- An
Unapologetic Examination of Racial Differences,
which extensively addresses the problems confronting America, now is
available through www.Amazon.com (please
consider going there and posting a review if you already have read it), though
you can get a $5 discount by ordering directly from the publisher.
Additional significant quantity discounts will be applied during the order
process.
Visit www.DefensiveRacism.com for
more information and on-line ordering information or simply click below (for an
autographed copy, simply write in "Sign mine" in the comments section of
the on-line order blank):
Donations to help with the cost of our efforts may also be mailed to Edgar Steele, PO Box 1255, Sagle, ID 83860. Until the politically incorrect begin to get a fair shake in America, and because of unfairly-applied income tax regulations, I regret that your donation cannot legally be deducted on your tax return. I must also make the following statement, to ensure that I need not declare it as income and pay tax on it and to avoid being charged with misuse of funds, for which some patriot leaders falsely have been charged and imprisoned: your donation is a gift to me, personally.
Complete archive of past articles, essays, rants, interviews and speeches, including sound files, maintained at: www.ConspiracyPenPal.com