I have been following the rise of gold and oil prices for about two years now. I have a Google alert on the Iranian Bourse, which now appears to be starting next week. I am not a Republican in no shape or form or beliefs. I voted in the last presidential election for the first time ever! My guy lost.
I found this article by US Rep Ron Paul via Google's alert.He is not your typical Republican and I found his writings contrary to much of the Bush cabal's ideology
http://www.house.gov/paul/congrec/congrec2006/cr042506.htmWhat the Price of Gold is Telling Us
excerpt: The point is that most who buy gold do so to protect against a depreciating currency rather than as an investment in the classical sense. Americans understand this less than citizens of other countries; some nations have suffered from severe monetary inflation that literally led to the destruction of their national currency. Though our inflation-- i.e. the depreciation of the U.S. dollar-- has been insidious, average Americans are unaware of how this occurs. For instance, few Americans know nor seem concerned that the 1913 pre-Federal Reserve dollar is now worth only four cents
Rep Ron Paul also wrote this:
http://www.house.gov/paul/tst/tst2006/tst041706.htmSanctions against Iran
Excerpt: "As the drumbeat for military action against Iran grows louder, some members of Congress are calling to expand the longstanding U.S. trade ban that bars American companies from investing in that nation. In fact, many war hawks in Washington are pushing for a comprehensive international embargo against Iran. The international response has been lukewarm, however, because the world needs Iranian oil. But we cannot underestimate the irrational, almost manic desire of some neoconservatives to attack Iran one way or another, even if it means crippling a major source of oil and destabilizing the worldwide economy"
and one more:
http://www.house.gov/paul/congrec/congrec2006/cr040506.htmIran: The Next Neocon Target
Excerpt: The fact that Saddam Hussein demanded Euros for oil in an attempt to undermine the U.S. dollar is believed by many to be one of the ulterior motives for our invasion and occupation of Iraq. Similarly, the Iranian oil burse now about to open may be seen as a threat to those who depend on maintaining the current monetary system with the dollar as the world’s reserve currency
Here is my today's alert on the Iranian Bourse and it's effects.
Petrodollar as a case for war.
http://www9.sbs.com.au/radio/index.php?page=wv&newsID=134393Iran takes a step on Friday in trading in Euros.
http://www9.sbs.com.au/radio/index.php?page=wv&newsID=134393and this one also
http://www.businessweek.com/ap/financialnews/D8HDKTL80.htm?campaign_id=apn_home_down&chan=db