This excerpt appeared in last night's daily report:
The Café and GATA (Gold Anti-Trust Action Committee) have developed quite the information network around the world. On that note I am passing on what I am hearing from a solid source. None of this can go in the verified camp, so it all must be treated as RUMOR until we receive proper verification:
*Russia is preparing for possible war and its actions on the dollar indicate just that; they are going to back Syria, Iran. China will back Iran.
*Russia has made deals on oil and gas projects and opened its minerals to trading. This should show soon in response to Chinese raw materials buying.
*Russia has also abandoned efforts to tie the ruble's movement closely to the dollar and switched to shadowing both the euro and the US currency. This is the first step to war. Other countries operating de facto dollar pegs will follow suit. With 81 per cent of Russia's oil exports currently sold to Europe, the move means that Russia will eventually denominate its oil in euros.
*Remember Russia is the world's second-largest oil exporter, behind Saudi Arabia.
*Asia is following Russia, or should I say leading, and is about to dump dollars in sizeable chunks; they believe that the U.S. dollar is no longer seen as a stable currency and it appears that Malaysia will be the first major Asian economy to dump the dollar. China has already calculated when they will optimize the dumping of the dollar to provide the greatest strength to a newly un-pegged Yuan. Both events will occur very close together and it will be planned to do the most damage to the US.
As you know Bush had a record budget deficit forecast of $427 billion for this fiscal year. All this has other investors turning to the euro and when Asian central banks turn; the dollar's problem will worsen. Dumping dollars will result in stronger Asian currencies and by un-pegging the Chinese currency from the dollar will most certainly trigger the wholesale dismemberment of America's middle class. These developments, when they happen, will be the financial equivalent of a nuclear first strike. When Asians pull the plug, U.S. rates will skyrocket this will be followed by Russia, Germany and maybe France. The Mexican Peso will have more value than the US dollar."
* Halliburton is all over Alaska and probing mining companies there.
*There will be an eventual cutoff of oil to the U.S once an attack on Bushehr occurs. The situation in the US will be worse than 1973.
* The US is going to war and Syria and Iran will be hit. Field commanders have the authority and a green light to go any time.
*Iran has had nuclear weapons since 1991.
*"I'm told in a specific time frame, 36 months or less, the central banks will be completely diversified in currencies and out of the U.S dollar. Be advised they are buyers of gold. When I learned this I was astounded by it."
*"I believe our troops to north of Iraq are all in danger. They will have to have a draft. There is no question about it as they are short people despite U.S officials/congress comments. I have the stats and I know this for a fact that they can not go longer with out doing a draft. They are well over 100,000 short of personnel which was said directly to me; massive preparation like that of WW2 would have to take effect immediately."
Just food for thought for you. Take it or leave it. Time will tell on all counts.