Gold, US Dollar, Poverty, and American Military

On September 12, 2010, in finance, by admin

A strange thing is happening now – both gold and the US Dollar are rising together. Normally, when one of them moves up the other moves down. Such so-called divergences of present always mean something. It might mean that the Euro is about to plunge and people are moving to dollars and gold as a safe haven. By the way, the dollar is only a safe haven because it is a reserve currency – for now. As a currency it is like a bucket of water with lots of holes.

However, the dollar-gold correlation is probably because Iran is going to be attacked by the US military very soon, probably just after the mid term elections. People are moving to the dollar and gold in anticipation of uncertain times. This also portends Republicans making major gains in Congress. If they win majorities then President Obama will do as President Clinton did in 1994 and become a de facto Republican, sans the blow job. If this happens, there will be even smaller differences between Obama, Republicans, and the war mongers of the last 30 years. Iran better get ready for the bombs to fall as they have been doing for some time.

The only reason the dollar continues to be the world’s reserve currency is because of the US military. No other country is willing to spend what gun crazy, power crazy, imperialism crazy American is. Even though the US poverty rate is rising and a new report is scheduled next week, America always has money for wars, guns, and a military of mass destruction. “What is the difference between al Queda and the US military? Answer. The military has bigger guns. People who don’t believe that have been taken over by the US propaganda machine, because America has the largest and most violent terrorists in the world.

America is Doomed.

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