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Nickel
Ranttm:
The Dollar in the Punch Bowl

by Edgar J.
Steele

September 12,
2007

Downloadable audio files of The Dollar in the Punch
Bowl:
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My name is Edgar J. Steele.  This is a
Nickel Rant.

Some ask why I write financial articles,
rather than continually pout over America's general political and social
condition, seemingly my normal wont.

I have said, straight out, that my
financial writings are designed to lure the unsuspecting back to my lair (http://www.conspiracypenpal.com/)
where I then can have my way with them.

But there is another reason to carry on
about the financial end of things:  Economics is just another way of
looking at the same old gloom and doom I have been preaching for
years.

What's more, national economics now is
quickening and merging ever more closely with our political and social
condition.  After all, that is what war always is about, you know:
economics.  And ... has anybody proven better than have Bush
and our current Congress that politics is about nothing but
money?

The Dollar Does a Swan
Dive...

Now the dollar has breached 80
(remember 85, then 84, then 82, all of which now seem so long ago?), measured as
it is against that index of foreign currencies.  The dollar is dropping
faster this week than a cheap hooker's panties, despite obvious illegal and
manipulative bailing taking place by the usual suspects, producing modest
gold/silver declines this morning on the heels of several days' strong gains.

We may find out as early as today if the first part of my prediction of
just last week - that "they" will weakly defend the dollar at 79, yet draw
the battle line at 78 - comes true.  Actually, I already know it will
come true.  After all, it has to.

However, even I am just a little
surprised to see that it might happen so quickly.  And so will the rest of
my years'-old prediction come true, namely that the dollar eventually will sail
on down to 65, enroute to oblivion.

...Right into the Punch
Bowl

Picture the financial markets as
a giant party, with everybody queuing up to drink the Kool-Aid.  Suddenly,
someone keels over, then another.  Somebody cries out: "Ewwww...there's
a giant t**d floating in the punch bowl."

WhirlyBen (Bernanke,
Chairman of the Federal Reserve Bank, which is private, not federal, has no
reserves and is no bank, yet controls the dollar absolutely) shouts,
"Relax, it's just a fake, plastic gag prop. Here, let me shovel in a bunch
more to prove it."

"Gag is right," shouts another, "God,
the smell is awful!"

That's kind of like what is taking place right
now with regard to the dollar, as people begin to realize what "backed by the
full faith and credit of the United States" really means.

Something's
Coming...

There are ominous portents all
over the landscape just now, indicating that something big is in the
offing:

1. The impending and
unprecedented Air Force Stand-Down ordered for this Friday, together with
numerous civil defense "drills" scheduled during the coming week throughout
America, not to mention war drills scheduled throughout the world.
2. The
cancelled El Al (Israeli) flight schedule for Friday through Sunday (yes,
the front end of the Jewish high, holy days, but that is not the point or the
cause, rest assured).
3. The mysteriously meandering nuclear missiles that
illegally flew cross-country suspended under wing on a bomber, not just as
freight, which our government now claims was the result of an error (yeah,
right, an error involving 5 nuclear missiles ... or was that 6 and now
one is missing, as some claim?).
4. The Fed meeting scheduled for next
Tuesday where discount rate cuts almost inevitably will be announced (if not
sooner because of the ever-expanding mushroom cloud rising up over the collapse
of America's housing and mortgage industries).
5.  That just-released,
already-proven-phony Bin Laden videotape (yes, Virginia, he died several years
ago, just as then was reported upon extensively in the Arabic-language press but
suppressed in the West, as so much is suppressed here).
6.  That
"accidental" emergency alert triggered in Illinois this morning.
7.
Bush straining with everything he's got to get the American public on board with
his "kill Iranians for Israel" plans.
8.  Israel claims,
suddenly, to have discovered nuclear installations in Syria.
9.  Oil is
about to breach $80 per barrel.
10.  Dick Cheney's "gut feeling" that
America's next terrorist attack "will be nuclear."
11.  Michael
Chertoff's "gut feeling" that America "will soon be hit hard."

Use Our Dollar or
Die

Remember that, for years, I have predicted that
WWIII must start to mask implosion of the dollar.  Hardly anybody seems to
have noticed that the dollar, no longer backed by gold or, even, oil, now is
backed by American military force alone (use our Dollar or die - just ask
Iraq and, soon, Iran).

"They" clearly have made the stock market a
priority. After all, crashing it (in absolute dollar terms) would lead to the
current derivative hangover turning into a first-class nightmare faster than
necessary. Discount and interbank interest rates - and general short-term
interest rates, too - all have to ratchet down in order to continue the market's
current death-defying act of levitation.

They
Live!

Who are "They?"  Please, there
are children present.  Go rent a copy of "They Live," then follow it
up with a rewatch of "The Matrix" (ignore the sequels, which are trash)
and you will understand.  Then come back and ask me that question
again.

The average American seems not to care that the measuring stick
(the dollar) gets shorter every day, just so long as his stock portfolio or
retirement account doesn't drop in value, as measured by the number of
those sticks.  He will, believe me.  He will.  I almost added
"but then it will be too late," but it has been too late for years,
already.

Meanwhile, you can have the punch if you like.  I'll stick
to things a bit more precious, things with a metallic
aftertaste.

New
America.  An idea whose time has come.

My name is Edgar J. Steele.  Thanks for listening.  Please visit my
web site, http://www.conspiracypenpal.com/,
for other messages just like this one.
-ed

Copyright ©2007, Edgar J. Steele

Forward as you wish.  Permission is granted to circulate both the
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