I willl offer this....
Call me a dreamer, but the question simply boils down to this:
The US government can either
Continue to covertly support the bullion banks' leasing/short-selling price-rigging game under the conventional notion that they MUST be supported
because they are "too big to fail" - and as a result suffer total economic breakdown from a hyper-inflation that will make that of post-WWI Germany
pale in comparison, or
Cut its losses and abandon its failed, decades-old anti-gold policies by
Dumping the bullion banks, (sorry, Friends of Bill)
Valuing it gold reserves at market price (instead of the silly "official gold price" of $42.00 per ounce), and
Buying gold in the open market to replenish the official reserves frittered away in decades of surreptitious gold leasing, swapping, and shady ESF
deals that were designed to prop up the failing dollar by "managing" the price of gold into oblivion.
If US leaders should find the courage to do this, the formerly feared explosion in gold prices set off by the official purchases (and by the powerful
signal this policy change will send) will actually give the dollar's value an enormous boost, since the reserves will then be "marked to market."
Marking to market simply means that the US has dropped its "raise the dollar at the expense of gold" idiocy and now allows the gold price to soar
freely.
If this is done, it will utterly fend off any euro-attacks and put the dollar on a par with its currency foe, vastly decreasing any OPEC countries'
temptations to dump the petro-dollar for "petro-euros." Never mind that the Euro Zone has more gold in its collective central bank vaults. Once the
currency playing field is leveled, the US will outperform them any day.
President Bush has already proven that he has the guts and the foresight to ditch stupid policies - like propping up various repressive dictatorships
such as the Saudis (and formerly even Saddam) in the hopes of hemming in other, more dangerous regimes (like Iran). He has proven beyond doubt that he
has the moral courage to dare bring even a chance of freedom to a region that was previously considered lost to repression and violence.
Sure, the jury is still out as to the after-effect of the Iraq attack, but it is undeniable that his war plan was an unmitigated success. Even his
expectations of popular support and uprisings against Saddam's forces are beginning to manifest themselves in a way no media critic has previously
thought possible.
The very same courage and foresight is now needed to protect the United States from the otherwise inevitable result of the euro's takeover of world
reserve currency status. For, if the President does not follow this new course of action, the terrorist-supporting oil countries (and their French and
German buddies) will be the ones who laugh last, crushing the US in the dust of economic -and eventual even military - humiliation after all, never
mind this stunning victory.
But, however this may be, whether the Euro wins or whether America wins this currency war, the gold eagle will soar to heights never before imagined,
no matter what. Gold WILL be freed from its fiat dollar/paper-gold shackles, and it WILL become the number one measure of true wealth again. That
monetary tsunami has already been set in motion by sea-bottom seismic events, and has begun its inevitable path to landfall. It will not be stopped
before running its course.
The only question is: will America as a nation of free and prosperous people be there to ride out the coming ascent on the gold eagle's back - or die
squirming in its talons?
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