Dollar devaluation, unemployment, and the draft

[4dog]

http://urbansurvival.com/week.htm

Oil and Gold to the Moon Week?

Oh the Powers That Be have been banging on gold since last night -- and with good reason. They are very afraid of what's ahead for the U.S. dollar. Here's the scoop: There's a report from the Dow Jones UK service Sunday night that George Bush is being urged to signal a dollar devaluation of up to 20% by this Friday when the G-7 and the International Monetary Fund meet in Washington.

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However, for the Bush administration, this is about the worst possible time to signal a decrease in the valuation of the dollar - that's because we're just a little bit more than one month away from the election and John Kerry is already trying to box in Bush on economic issues. To give in to the G-7 would simply pull forward to before the election what is already a foregone conclusion afterwards.

Let me do some math for you. If the U.S. dollar went down (or even if it was rumored to be heading down) 20%, that could slam what has been $49 oil lately to over $61 a barrel. It could also send gold to $508 an ounce as soon as the move is widely recognized. That's not what the G-7 wants - at least not overnight - but it's what the rest of the international community is expected to be pushing for in order to keep balance in the badly strained international economic system. You can watch your favorite gold quote source - as the Washington insiders are pounding like hell on gold because they need to keep up appearances until after the election. Once the Congress is back, the draft is in place, and another war front can be opened, then the devaluation becomes more manageable because there would then be ways to keep unemployment about (sic) young people low by rapid call-ups under the mandatory "national service" act.

more at http://urbansurvival.com/week.htm

[whistle]

1. Stock market closed under 10,000 today...

...oil will rise above $50 per barrel in the next day or so, oil will the climb very quickly past $61 per barrel, the U.S. dollar is sliding and could go into a free-fall, the economy has been doing squat for six months and consumers know this and Bush says he'll stay the course. The Iraq peace is doing poorly and getting worse. Kerry will make everyone see that Bush has to implement the draft in 2005, regardless of what Rumsfeld and his military staff told the Senate hearing last Thursday. Bush is out come November 2nd.