cue the lightning bolts

the only question that matters: is it true?

Iran has signed the NPT. As a signatory to the NPT, Iran may rightfully, legally, use nuclear technology for peaceful energy purposes. Iran has submitted to and passed repeated IAEA inspections. The US intelligence community (NIE) does not consider Iran a nuclear threat. Israel refuses to sign the NPT. Israel has an estimated several hundred undeclared nuclear weapons. Russia and China have warned that an attack on Iran will have global consequences. That's the situation in a nutshell. Where to next, people? Where to?

Have I now become your enemy by telling you the truth? - Galatians 4:16


The Dollar Conundrum: Poison or Cure?

Either the dollar is defended with high interest rates or it will collapse under the tsunami of debt/money expansion. If it collapses then the cost of imports will skyrocket. Either way, the credit-addicted U.S. economy will implode.

The choice just ahead is stark: either passively watch the dollar collapse as the tsunami of money expansion and Federal borrowing slams it or start defending it with much higher interest rates. Either way, the credit-dependent U.S. economy will be unable to borrow freely at low cost from the rest of the world.

The blogosphere is chockful of reports documenting our trading partners' not-so-subtle stampede to the dollar exit--is there any mystery here? None whatsoever. Even a so-called reserve currency like the dollar responds to supply and demand: as the Fed pushes money expansion up by 100% (you've seen the hockey-stick charts by now) and the U.S. Treasury borrows trillions of dollars to fund a widening deficit and various trillion-dollar bailouts of failed and/or fraud-filled/looted industries, then this burgeoning supply overwhelms demand, pushing down the value.

Read more @ Charles Hugh Smith

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