What Big Jim says may make sense not good but plausible:
Posted On: Friday, April 14, 2006, 4:02:00 PM EST
Long Weekend Gold and Dollar Market Summary
Author: Jim Sinclair
Pakistan is an example of the army of demons that are coming out of the now uncorked jinn’s bottle in Iraq.
Add to that a nuclear capable Iran and you can see the mix starting to take form. Withdrawal from Iraq is politically attractive but practically impossible.
As your watchman, my focus on geopolitics is a product of the gold market’s switch of focus to this category. Two years ago you could have a dire event and gold practically ignored it. Now that new, more international, powerful and much richer crowds are in charge so are new factors in the determination of gold prices.
This is more proof the old gang are purely gold fans rooting from the sidelines as the international investment banks and their clients move into precious metals
Pakistan, like all the “Stans” has never been an easy place. Originally established as the Muslim division of a newly freed India, there has been an atmosphere of distrust and animosity for generations. With that as a multi-generational instilled mindset, it was an easy job for refocusing by organized - disorganizers.
We now are witnessing secular hatred being spread out of Iraq. Some categorize the Iraq situation as “Civil War.” Such an opinion is rational as the European and Asian news media show camps being setup for hundreds of thousands of refugees from mixed Iraqi communities. This mixture is between sects of the same religion apparently out of control and warring against each other. Civil war is exactly what King Abdullah warned would be the final result of any attempt to reduce the Western presence, once established, in Iraq. His warning was not focused on the county of Iraq alone, but the entire Middle East. He warned it would spread like a rampant disease as Iraq is the epicenter to Muslim nations. It is now happening, making withdrawal in any form a practical impossibility. That is not to say withdrawal will not happen as politics in our modern society rule every day. It got the US and its phantom coalition into Iraq and they will retreat from this present mess in some form or another.
Anyone familiar with intelligence services and stealth strategy has to marvel at how the Iranians have molded the West into a corner where retreat is impossible. Assuming Iran is successful in standing down the United Nations (more precisely the US and GB) then the end result is a totally destabilized Middle East with only two surviving powers: Iran and Israel.
Iran will control the major supply of oil, be nuclear capable and control nations weakened by internal conflict. In time they will have delivery systems capable of planting nukes in downtown Washington DC.
Iraq under Saddam Hussein was the only roadblock in Iran’s plans. He was a slime ball but he did rule an unruly situation.
Now that Pandora’s Box is open there is no way to close it. The West is going to be drained of resources including morale. The currency of the US, as the convicted assassin yelled at the top of his lungs after the Daniel Pearl case in Pakistan: “THE US DOLLAR IS DEAD.”
So here we are, hoodwinked and helpless. We leave and it implodes. We stay and we implode. Iran so far has gotten everything it wants. In 14 days some say they will be nuclear. If you read “One Point Safe,” you will know it is more than reasonable to assume Iran is already nuclear capable.
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