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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (83738)	4/29/2007 12:17:16 AM
From: elmatador	Respond to of 206338

PERSIAN GULF RACKET Here is the likely response by those who spin mythologies. Instead of a new myth, we see massive denial of a housing bust, and widespread denial of a mortgage contagion debacle. No new myth will be employed, since the denial will reach an enduring crescendo, enough to divert attention away from reality. The next solution will very possibly be to enable a much higher crude oil price. Since the summer of 2005, the Persian Gulf nations have replaced the absent Asians in credit supply. Oil prices have prevailed at a higher level, enough to generate larger Persian Gulf oil producer surpluses. The sheikdoms have done a marvelous job of concealing their grandiose USTreasury Bond support, using London-based bond brokers, and London-based hedge fund mangers, and London-based agencies dotting the archipelago offshore from the United States along the Caribbean. England might not offer much troop assistance in the Iraqi War, but the nation surely comes through with assistance in banking. Besides, banking is where the real power is anyway. Military deployment is often to support the banking enterprises. The Iraqi War serves many purposes, some not to be discussed since so seamy. The Bank of Baghdad was cited as a trading pit for JPMorgan last week, where oil funds are actually used to suppress the crude oil price. It is a clearing house for more, a convenient bank without the encumbrance of regulatory oversight, the perfect central bank for the cabal in power. The more sinister overt effect from the war is the invisible gun pointed at the heads of the Persian Gulf nations. They each feel more insecure, since Iran has been the hidden winner in the reckless failed war effort. Shiite influence has grown. Persian Gulf spending on US military equipment is on the rise, a big rise. The sheiks feel somewhat compelled to purchase USTBonds. Any retreat spawns a quid pro quo retreat is US troop presence. This is the Protection Racket described last week. So the sheiks buy more US bonds and buy more US weapons. This helps to fill the void, to provide necessary capital for the USGovt directly and USEconomy indirectly. How will they respond when they learn that Iraqi oil funds are used to keep down the futures contract prices for crude oil? Perhaps the sheiks will purchase more gold, sell USTBonds quietly, undercut the USDollar, and BUY MORE GOLD ??? A higher crude oil price, in my opinion, was one of the primary objectives in the Iraq War. Recall that the USGovt leaders serve as Senators from the State of Oil, and thrive on a higher oil price. Greater Persian Gulf petro surpluses could be counted upon, given the tinderbox next door. A troop withdrawal from Iraq, ordered by US Military leaders, might be accompanied by dropped USTreasury support by the oil sheiks, since no motive remains. These nations might lose motivation quickly, after a war involving US troops and weapons and vessels were to be replaced by a civil war led by factions like Shiite versus Sunni versus Kurd versus secular thugs versus American mercenaries wearing different uniforms. Message 23502326