måndag 28 februari 2011

Dollar getting slammed, Silver and Gold surging toward new highs

"Hillary Clinton in her speech today to the UN’s Human Rights Commission, stumbles on the Iran issue. She completely ignores the human rights abuses of Sunni Saudi Arabia, blows a kiss in the direction of Israel, and picks on Shia Iran. This kind of sectarian favoritism exacerbates tensions in the region instead of easing them. Sitting at a cafe here in Beirut, watching Hillary, my impression is that Hillary is struggling to get a grip on the reality on the ground here in the Middle East. She refuses to break out of the Saudi Arabian/Israeli narrative for the story.

The Dollar is not attracting ‘flight to safety’ support and this is surprising a lot of money professionals. I just heard Hillary’s speech in front of the UN and felt as if she was still reading from the old playbook written by Saudi Arabia and Israel decades ago. She sounded out of key as do all of the knee-jerk analysts ‘surprised’ by the dollar’s weakness. Silver is to the dollar – what the revolutions in N. Africa are to the dictators there. We are witnessing huge shifts in political and economic trends. The old dictators, including the US dollar – as world reserve currency – are being chased out of town by a global insurrection against the banker occupation. "


Max Keiser

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