the us $ - al qaeda's target of choice? - sinclair

  1. dub
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    The US Dollar - Al Qaeda's Target of Choice? (Q & A Response)

    Dear G,

    How great to hear from you. I am also convinced that the Islamic militants are more knowledgeable of economics and markets than anyone is willing to grant to them. You will recall the massive activity in puts on the airlines three business days before 9/11. Those puts are a mystery that apparently no regulatory body really wants to solve, as there must be paper trails and there are means to squeeze information out of the most secret of secret places.

    The major demand in the cash market for gold since 1996 has been Asian/Islamic. It certainly hasn’t been European, British or American. All the gold sold for the past seven years by the hedgers, carry trade, gold cartel of common interest and central banks have gone into Asian and Islamic “strong hands” (new ownership that does not sell). There are two new currency forms in the works with the Malaysian Gold Dinar coming on or before June of 2003 with the new big six Arab Dinar later on. The Malaysian entity is not a currency, but rather a measure of trade between 29 Islamic countries that will settle quarterly in gold. It is estimated this source will take down 10% of 2003 new production.

    If you have some time, G, please read an article I did for www.financialsense.com, www.lemetropolecafe.com and on www.tanrange.com titled "The Gold Cover Clause, a.k.a. The Federal Reserve Gold Certificate Ration" with attention to my quotes from Dr. Mundell who was the 1999 Nobel price winner in Economics. This is the history of gold told from inside the Roosevelt White House. It will come as a shock to the Prechterian Wavers who are convinced that deflation is bad for gold. You should also read the December 19th press conference given by Chairman Greenspan to the New York Economists’ Society in which he gave the Gospel of Gold verbatim. The Barrel has rolled and few realize that gold is a powerful anti-deflationary tool. "Zero Inflation" as a goal of the Federal Reserve was always badly flawed as it is dangerous for everything including Federal debt instruments. Well, in practical terms we are there and the event horizon of deflation is simply stated a 6.25% Jobless rate.


    Here is an excerpt of the translation of a controversial interview, a copy of which was sent to me in December 2002. The interview was pulled by its publisher with the excuse it was a hoax. Unfortunately, I am informed reliably that it was not.

    This interview was sent to Abel Bari Atwan, chief editor of Al Quds, an Arabic-language newspaper published in London, but was never printed, due to its highly revealing [inflammatory?] contents. A copy of the interview came to Foz-do-Iguaçu, and was translated into Portuguese by a university professor in the city's Arab community. This is probably the only existing version of this interview not in Arabic.


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    Quote:

    Al-Jazeera: Does the Al Qaeda network have the military capacity to make war on the United States?
    Al-Asuquf: If we analyze history, we will see that all great wars, before they were started, were based on previously established concepts of war. But if we observe well, we will see that these concepts and strategies came to nothing, since a new type of war was ultimately waged. An example is the construction of the Maginot line by the French before the First World War, which, in reality, proved to be completely useless against the invading forces. Aircraft carriers, nuclear submarines, and spy satellites will be useless in the next war.

    Al-Jazeera: How does Al Qaeda intend to destroy the most powerful nation in history?

    Al-Asuquf: It's a question of logistics. Using its own poison, that is, attacking the heart of what they consider the most important thing in the world: money.

    Al-Jazeera: How so?

    Al-Asuquf: The American economy is an economy of false appearances. There is no real economic ballast to the American economy. The American GDP of is something around $10 trillion, of which just 1 percent represents agriculture, and just 24 percent represents industry. Therefore, 75 percent of the American GDP is service and most of this is financial speculation. For those who understand economics, and it appears that the American Secretary of the Treasury, Paul O'Neil, doesn't or doesn't see it, it's enough to say that the USA acts like a huge "dot-com," and dollars, strictly speaking, are its shares.

    Al-Jazeera: Can you explain that?

    Al-Asuquf: The value of a company's shares is directly proportional to the profitability of the enterprise. When a business is just a service provider and doesn't produce any durable goods, the value of its shares depends on its credibility. Which is to say that if the credibility of the USA were shaken, its shares (the dollar) would fall with incredible rapidity and the entire American economy would begin to collapse.

    Al-Jazeera: How can you be so sure of this?

    Al-Asuquf: On a smaller scale, it's exactly what large financial groups do to the countries of the third world to reap profits in one month that Swiss banks couldn't get in four or five years.


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    Jim’s note:
    It is somewhat shocking to me to read concepts being used in this interview that may have come from my writings. I know of no one who has used the concept of the currencies as common shares of the country they represent outside of me. It has been a method of teaching I have used since the 70's. I really wonder who it is that I am guiding outside of the gold community when I see my words emanating from the most unusual places. Whoever it is, there is one thing I know for certain. Money is a weapon being used in the present conflict for which the USA and its ally (they only have one and that is the Brits) presently have no effective defense.

    The US dollar is the primary target of the incoming economic Scud missiles. The only really functional defense weapon that can be used to defend is the “Gold Cover Clause a.k.a. The Federal Reserve Gold Certificate Ratio.” However, it is going to take a crossing of the “Event Horizon of Deflation” to bring this weapon out of the deep storage arsenal into utilization and US dollar defense.

    I lament that those who lead the US have such a low estimate of the power of gold and a lower understanding of the language of markets.

    THE USA IS AT WAR AND ITS LEADERSHIP DOES NOT EVEN KNOW WHERE THE FIGHT REALLY IS. THE AL QAEDA GORILLA FORCES HAVE CHOSEN THE USA DOLLAR AS THE BATTLEFIELD AND THE US/BRIT’S TROOPS THAT ARE HEADING OVER TO IRAQ HAVEN’T A CLUE THAT THEY ARE IN THE TOTALLY WRONG PLACE. ACTUALLY, THE IRAQ INVASION IS AN ECONOMIC MISSILE THAT IS GOING TO GO OFF COURSE, HITTING THE US DOLLAR WHICH IS AL QAEDA'S REAL TARGET, THE COMMON STOCK OF THE USA, INCORPORATED. PRESIDENT BUSH’S ECONOMIC STIMULATION PLAN AND FED BOARD MEMBER BERNANKE’S ELECTRONIC PRINTING PRESS SPEECH FALL DIRECTLY INTO THE ARSENAL OF THE OPPOSITION BECAUSE THEY ARE BOTH INTRINSICALLY DOLLAR NEGATIVE.

    It is wonderful to hear from you again and let us please keep in touch. My email inbox between three addresses hit a record 2472 incoming messages last week. AOL actually shut down [email protected] when the inbox hit 1000. You are better off using my fax numbers (860) 364-0673 days and (860) 364-1019 evenings and weekends.

    Regards,
    Jim


    Copyright © 1997-2003 James J. Puplava Financial Sense™ is a Registered Trademark

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    bye.dub

    ps. IMO, World War III is very probably going to be fought in terms of economics - not men, munitions and military might. The blood, pain, death and loss associated with battle as we have always known it may well prove to be a distraction. But at what cost?
 
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