-->Sinclair Kommentar von gestern

April 19, 2003


"Dollar Bombing" pegged as strategy to force
return of Iraqi Oil Assets to Islamic Control


Sinclair:"The US Will Not Succumb but the US Dollar Will"


The weapons of mass destruction held by China, Russia, Saudi Arabia, Kuwait, Syria, Jordan, Turkey and Iran are GREEN. They are US dollars in the form of US short to medium term treasury instruments that the US, via its marketing arm the World Bank and the IMF, sold these nations to hold as reserve assets.

Already they are being fired slowly into the dollar market. When the USDX closes in the US trading hours under.9920, the US financial system will be in DEFCON 1 (maximum force readiness).

This present administration is unlikely to concede to any pressure, even dollar bombing. This administration did not concede to its traditional euro neighbor's efforts to prevent it from acting in Iraq. This administration has stared down China and Russia. This administration will go into Syria if it resists US attempts to have Iraqi exiles returned for punishment or fails to destroy its weapons of massive destruction which were developed jointly with Iraq.

This administration is most unlikely to succumb to high altitude Islamic and Asian dollar bombing. Nonetheless, it hasn't the financial counter measures in place to defend against the dollar bombing that is intended to support the Islamic/Asian financial war to regain control in Islamic hands of Iraq's oil assets. This administration will not turn over the rebuilding of Iraq or its oil assets to the UN.

It is such a mixed bag. I cannot help but admire the strength inherent in this administration's acts yet I believe that I know what it means to the dollar which will be.92 -.82 -.72 and maybe.62 as measured by the USDX. To gold it means at least $529.

The following excerpt from an Associated Press article of Saturday, April 19th provides some meaningful context to the scenario discussed above.