by Edgar J. Steele
July 11, 2007
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
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:
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.
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