Euro Key to US$ Decline

Euro Key to US$ Decline

Goldseek, Jim Willie CB

Blather from the USFed to cite an inflation threat and their vigilance to fight it speaks not to rising wages and rising prices from cost push. It addresses, nay screams, to their fear of a falling USDollar and the associated systemic rise in prices. Why? Because the United States has become fatally dependent on foreign finished products, foreign energy supply, and foreign credit, reminiscent of a Third World nation. All that is missing is the goose step among marching military columns. The gold price and silver price and oil price all will rise with a falling USDollar. And let’s not forget the mind numbing destructive failed policy in the entire Middle East, from each and every corner. Iraq is the quicksand. Iran is the powderkeg. Israel is the friction. Europe stands in the crossfire. Russia lies in wait, in far more control than the sleepy lapdog US press & media choose to report. For that would be to proclaim a return to the Cold War.

That icy belligerence of conflict is surely here, but on the energy front, which has earned the title the Global Energy War by me since 2003, ignited by the Shock & Awe of the Iraqi War. The only thing shocking is the degree of failure. The only thing of awe is the stubbornness to continue the course. The words mindnumbing fit more and more with each passing day. Ironically, the decisions not to bomb Iran have kept the USDollar up, and the crude oil price down. The decisions not to resume bombardment of Beirut have kept the USDollar up, and the crude oil price down. In the meantime, the USDollar remains fatally wounded, yet Uncle Sam, who leaks bills from his wallet, continues to walk upright. He is a hollow replica of his former robust self. Numerous friends and foes alike prop him up. One must actually check his pulse to see if he is alive. It might just be a skull & crossbones under the royal robes worn thin by the years. The price of gold, silver, and oil will benefit from the inevitable repeated USDollar declines, which will occur less often than expected for practical reaons.