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Gold, silver and oil will skyrocket before the end of the year

BearBear Posts: 18,953 ✭✭✭
It is my opinion, that the intense discussions going on in the White House

are not just about Afghanistan. The main thrust is about Iran, and what are our

obvious enemies in Syria, Russia and to a lessor degree , China, at least for the

time being. I believe that the USA will commence air and navel operations against Iran

before the end of 2009. With the news that Russian scientists have been aiding the Iranian

nuclear weapons program, there is little to no time left for any other, but military action. When

such action commences, the stock market will plunge and commodities will explode. I would

expect that France, England, the Commonwealth and Israel will participate in military actions. I wish this were not so

but I fear, that on top of all of our other pressing problems, must be added another war. World powers

always believe that the USA is fat, dumb and cowardly. They are about to find out, that

America, once aroused, makes an incredibly terrible and savage foe. If I were Syria , N. Korea or Venezuela, I would not rest

easy at night. As for the Ungoverned tribal areas of Pakistan , they had better pull their socks up and get ready for a big suprise.
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Comments

  • jpkinlajpkinla Posts: 822 ✭✭✭
    Bear.......I sure hope you are wrong but unfortunately the only way to redirect our focus from our economic malaise is to divert our attention as you prognosticate. For the sake of our country and fellow Americans, I hope you are wrong.....
  • TheRegulatorTheRegulator Posts: 1,217 ✭✭✭
    It'll never happen.

    With Iran, there are no good options. Military action is a bad option- something the Islamofascists are hoping we do. Doing nothing is a worse option, and also something the Islamofascists hope we do.

    The current batch of gutless wonders in Washington will do some internal polling, see that no one has the desire to deal with Iran, and get back to destroying America.

    Read what John Bolton has to say regarding Iran and see if you still think the U.S. will be taking any real action.
    The Tree of Liberty must be refreshed from time to time with the blood of patriots and tyrants. -Thomas Jefferson
  • Bear, I don't think we'll attack anyone, because we have a handful of problems right now. War or military action is only added more weight to our already extended budget. We'll have to print more money to finance the war, then inflation will kick in, things become more expensive. I think it is wise to fix our current problems first before creating more problems. -> clearly, the president hasn't fixed anything yet.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Well, I think the first 12 words are correct, but not necessarily for the reason provided. Rather, I think the dollar will be headed down this Nov-Dec. Gold is looking more and more like it's getting ready to launch.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • image on Gold.

    I'm sorry Bear, but I am afraid the Joker and his advisor Clowns could care less about anything except themselves.

    They only care about how they look and how they can maintain power.
  • BearBear Posts: 18,953 ✭✭✭
    Maybe so. But sometimes, events have a way of

    forcing action, even when inaction is the more

    comfortable way. It seems that the world is watching

    us and waiting to see how we meet the testing. If we fail

    to measure up, then the final cost could be more then any

    nation should be asked to pay.
    There once was a place called
    Camelotimage


  • << <i>Bear, I don't think we'll attack anyone, because we have a handful of problems right now. War or military action is only added more weight to our already extended budget. We'll have to print more money to finance the war, then inflation will kick in, things become more expensive. I think it is wise to fix our current problems first before creating more problems. -> clearly, the president hasn't fixed anything yet. >>




    israel will take care of iran for us
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  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭


    << <i>

    << <i>Bear, I don't think we'll attack anyone, because we have a handful of problems right now. War or military action is only added more weight to our already extended budget. We'll have to print more money to finance the war, then inflation will kick in, things become more expensive. I think it is wise to fix our current problems first before creating more problems. -> clearly, the president hasn't fixed anything yet. >>



    israel will take care of iran for us >>



    Hopefully we provide them with the proper armaments so they do it right. Much of Iran's nuclear program is inside hardened facilities so they may need to go with small tactical nuclear weapons.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Oil and US Dollars. Iran will be hit before the end of 09.
  • 50/50
  • ProofCollectionProofCollection Posts: 6,126 ✭✭✭✭✭
    It's happening today.
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Bear may just be right. Oil and the US Dollar
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • DoubleEagle59DoubleEagle59 Posts: 8,309 ✭✭✭✭✭
    Military actions is not the prime mover of gold these days.

    Rather, there is a concerted effort of Asia/Arab/Russian countries to slowly get out of US dollars.

    Couple this fact with the gloomy outlook of the strength of the US dollar and you have a perfect storm for rising PM prices.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭


    << <i> Oil and the US Dollar >>



    Such an outcome was inevitable. The US has no incentives available to prevent or dissuade other countries from abandoning the dollar.

    As for war with Iran, there is no feasible way for us to prevent a rapid and more determined reinstatement of their nuclear program (probably then with much more domestic support) without occupying the country of 71 million after an attack. For military action not to ruin the US, there would have to be more than a fig leaf of UN support and sanction for such a move, which Russia and China would never allow.

    Geopolitically, our economic straits simply prevent us from being the world's cop while others have a free ride, particularly since other countries no longer wish to bribe us to take the role, by supporting the dollar.
  • pf70collectorpf70collector Posts: 6,648 ✭✭✭
    An interesting note about China. They have already secured 5 billion gallons of oil from various countries including Russia in anticipation of an economic recovery if and when it does happen. Crude will reach $170 a barrel yet the U.S has no plan in place to secure any oil when the recovery does take place. Boone Pickens was on Squawk Box again pushing his natural gas option in place of oil. He says if we replace all are diesel trucks on the road with natural gas we will cut our daily consumption of oil by half from 5 million to 2.5 million. He seems to be the only one with a plan.
  • cohodkcohodk Posts: 19,109 ✭✭✭✭✭
    The USA has over 30 billion gallons of oil in reserve.

    We currently have the technology to almost entirely eliminate the need for oil, yet we would rather grease the palms of politicians rather than create global instability.

    Think about it, what would happen to the Middle East if they no longer had any income from oil sales?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BearBear Posts: 18,953 ✭✭✭
    The time is coming for an all out economic war for oil, food, essential elements,

    clean water, natural gas as well as PMs. The USA had better get its duck lined

    up or we best be prepared for a National screwing by the rest of the World. In the

    coming economic war, there will be no friends and no allies. There will only be enemies

    and competitors. It seems to me, that our Nation had better stock pile strategic metals

    as well as minerals on a wartime footing.Whether we face an economic war or a shooting

    war, things appear to be ready to get very nasty indeed. Trouble always seems to arrive

    is multiples.
    There once was a place called
    Camelotimage
  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭
    Economic war often leads to shooting war.
  • cladkingcladking Posts: 28,653 ✭✭✭✭✭


    << <i>The time is coming for an all out economic war for oil, food, essential elements,

    clean water, natural gas as well as PMs. The USA had better get its duck lined

    up or we best be prepared for a National screwing by the rest of the World. In the

    coming economic war, there will be no friends and no allies. There will only be enemies

    and competitors. It seems to me, that our Nation had better stock pile strategic metals

    as well as minerals on a wartime footing.Whether we face an economic war or a shooting

    war, things appear to be ready to get very nasty indeed. Trouble always seems to arrive

    is multiples. >>




    This is a prescription for population decline. We'd probably lose fewer than 75,000,000
    people but some poor countries would lose 90% of their population.

    The world has become too interdependent to have an economic war. We have long been
    too dependent on factories to have them shutting down.
    Tempus fugit.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>An interesting note about China. They have already secured 5 billion gallons of oil from various countries including Russia in anticipation of an economic recovery if and when it does happen. Crude will reach $170 a barrel yet the U.S has no plan in place to secure any oil when the recovery does take place. Boone Pickens was on Squawk Box again pushing his natural gas option in place of oil. He says if we replace all are diesel trucks on the road with natural gas we will cut our daily consumption of oil by half from 5 million to 2.5 million. He seems to be the only one with a plan. >>



    You mean he's the only one who isn't sold out to foreign interests.
  • BearBear Posts: 18,953 ✭✭✭
    What is foolish, unwise and self defeating has never

    stopped Nations from doing the wrong thing at the wrong time

    in the wrong way. The World is often ruled by people who

    may dress well but are eith unable or incapable to do what is

    needed to be done, when it needs to be done. The stupidity that

    runs the world, is always a greed for power, greed for money and

    greed for self aggrandizement, or worse. We are a world of sheep,

    led by the foolish the mad or the fanatic. Heaven help us all.
    There once was a place called
    Camelotimage
  • fishcookerfishcooker Posts: 3,446 ✭✭
    I'm not confident natural gas could do it. Don't get me wrong, it would be great as Boone would make me and himself rich again if we tried it. But I just doubt that the US gas reservoirs are sustainable to dramatically replace so much oil from our economy. It would be a heck of a ride, though!
  • cladkingcladking Posts: 28,653 ✭✭✭✭✭
    I prefer to think of it as smoke and mirrors but most people think it's real.

    Even those who operate the controls are groping blindly and never know
    the proper course. Fiortunately most people are trying to do the right thing
    so we usually find a way to muddle through. This is never a given though.
    People unwilling to change will disappear when their means of livelyhood
    changes or when they suffer risks for little cause.
    Tempus fugit.
  • SanctionIISanctionII Posts: 12,107 ✭✭✭✭✭
    Bear is correct about other nations not wanting to have the USA "take off the gloves".

    The USA may allow itself to be the object of envy, scorn and derision by other countries in the world, but these other countries would be no match for the USA if it decided to conduct an all out war, no holds barred, win at all costs. No one can match the USA in its ability to break things and kill enemies.

    The military might of the USA, the industrial capability of the USA [though much is dormant, this capability still exists], the natural and human resources it has could all be drawn upon to allow the USA to win a war. The USA might suffer greatly, but the damage it could inflict upon its opponents would be much, much greater and long lasting.

    One need only remember how long (weeks or less) the actual "combat operations" lasted in Gulf War 1 back in 1991 and how long it lasted in Gulf War 2 in Afghanistan in 2001 and in Irag in 2002.
  • JulioJulio Posts: 2,501
    Why do politicians tell the military how to run wars the politicians declared? Just curious. Take care. jws
    image
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