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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (88553)	8/6/2002 3:02:53 AM
From: Richnorth	Read Replies (1) \| Respond to of 116836

How will the forthcoming war with Iraq affect the pog? IMHO, probably not much this time around. For the US and allies are sure to win. With the Saddam menace gone, things will get back on an even footing. Then gold will stagnate, if not head downhill. What do you think? ======================================= War with Iraq inevitable, says key US senator Saddam is a menace who must be removed, warns Joseph Biden. But the timing of an attack is uncertain WASHINGTON - The United States probably will go to war with Iraq, the Senate Foreign Relations Committee chairman said on Sunday, believing the timing is uncertain but that force must be used to oust Mr Saddam Hussein. Democratic Senator Joseph Biden led hearings last week that highlighted both the gravity of the threat posed by the Iraqi President and the difficulty of replacing him with stable leadership. 'I think the case can be made but there's a lot more to do,' he told NBC-TV. 'I believe there probably will be a war with Iraq. The only question is, is it alone, is it with others and how long and how costly will it be?' Mr Biden, citing expert testimony in his committee hearings, said it is clear Iraq has chemical and biological weapons of some sort. Less certain is whether Mr Saddam has the means yet to use them effectively, he said. 'We have no choice but to eliminate the threat,' he said. 'This is a guy who's an extreme danger to the world.' He said the US, acting alone if necessary, probably could get Mr Saddam out of power but America would then face a long rebuilding job in Iraq. Other lawmakers, too, spoke supportively of President George W. Bush's goal of removing Mr Saddam. But Democrats in particular said the administration must do far more to convince Americans, allies and Iraq's neighbours that force is necessary. They also said Mr Bush must seek congressional approval if he decides on war. Mr Biden cited estimates that 75,000 US soldiers might be needed in Iraq for anywhere from 18 months to 20 years. The debate over whether to invade Iraq has also spilled into television talk shows, with retired General Brent Scowcroft, chairman of the President's Foreign Intelligence Advisory Board, strongly urging restraint. Gen Scowcroft, on CBS' Face the Nation, warned that a US invasion of Iraq could result in an 'explosion' in the Middle East. 'It could turn the whole region into a cauldron and destroy the war on terror,' he added. Gen Scowcroft said he had no doubt that a US military campaign would dislodge Mr Saddam, but reminded Mr Bush of the 'almost consensus' of world opinion against the US going to war with Iraq. He instead urged the President to focus on brokering peace between the Israelis and Palestinians, while pursuing terrorist threats separately. Gen Scowcroft added: 'It's a matter of setting your priorities. There's no question that Saddam is a problem. 'He has already launched two wars and spent all the resources he can working on his military. But the President has announced that terrorism is our number one focus. 'Saddam is a problem, but he's not a problem because of terrorism.' --AP, Washington Post