My opinion on Libya.

[Xicano]

They say the United Nations managed to work out all the details of a no-fly zone and get all these countries on board in the short amount of time that they did? C’mon.

Then a day later a massive campaign of ships, submarines, planes flying out from the UK, France and Italy, and, all the ground targets and other planning & international coordination just happened in the time span of a day or two? C’mon. This takes a lot more time than a day or two. In other words they already had this planned out ahead of time and the UN's rubber stamp display is just window dressing for public relations to roll in with the plan to get in their puppet government.

Then in comes Halliburton and other big corporate deals in the background, and bankers are going to come in and say here’s the money you’re going to need to borrow for the infrastructure you need to build/re-build. All the banks from America will be lining up. Can’t pay it back? No worries, we’ll accept payments in oil.

Oil and big business contracts are not the only thing. Libya certainly is going to be a country which has a reserve of gold & silver in their vaults. And it just so happens out of coincidence that JP Morgan who is currently being investigated for precious metal market manipulation is in a huge (and huge is an under statement) short squeeze on not being able to deliver their silver contracts. This problem is so so severe that JP Morgan this month (March is a big silver delivery month on the comex) applied to have their vaults registered as registered comex vaults.

For something that normally takes weeks or months, JP Morgan got approved in just two days. Now JP Morgan can meet their comex obligations by saying they have met the required time allotment to deliver on their silver contracts to a registered comex vault. In other words by delivering the silver from out of ‘their’ vault and back into ‘their’ vault.

This is a clear indication that not only is JP Morgan in default on their silver long contracts, but, IMO its also a clear indication that SLV is also out of silver because if SLV had that amount of silver JP Morgan would get it from there. But as we can see that’s not what’s happening. This is also why JP Morgan offered to pay 50 & 80% premiums to its holders of silver contracts not to take delivery.

However, like I mentioned. It just so happens that Libya is a state where you can bet they have an inventory of precious metals in their vaults. In the next few weeks look for silver prices to have a pull back because besides JP Morgan continuing their market manipulation by taking out large volumes of silver shorts, I’ll bet silver in Libya vaults will find its way into JP Morgan vaults. Bet you.

Why is all of this important? Because the U.S. Dollar is toast and they’re doing everything they can think of to keep it propped up, but, its not going to last. Its already beyond recovery. There's just way too many trillions of dollars currently flooding the market. Why do you think countries are looking to dump the US Dollar as the reserve currency? Why do you think China, India, Russia and other countries are buying large amounts of precious metals?

Anybody who looks at this closely can see the dollar is clearly insolvent. That’s what this is all about. To maintain the dollar as the world’s reserve currency by controlling what currency (the dollar) the most important commodity the world’s economy relies upon – which is oil. And the reason why precious metals need to be suppressed is because they’re an indicator showing the strength of paper currencies. And when your paper currency is so inflated that you are forced down the road to hyper inflation because if you stopped you’d go into a depression. Then you see why it is vital to control something as important as oil and why its important to manipulate the precious metal market by suppressing their prices.

I am sorry but I do not believe this Libya action is about Kadafi, even though I'll be just as happy to see him go as anyone else. No, this I believe is about big business and frankly an entire currency being at stake. In my opinion this attack is just another example of letting all the big corporations into a new market to make more profits and to try and sustain the unsustainable. But this is only delaying the inevitable in my opinion because it doesn't fix the underlying problem. Massive wealth consolidation and massive monetary inflation. In other words 'bankers'.

Well, my two cents on what I think is going on.

[RUMMYisFROSTED]

1. "Then a day later..."

If by "day" you mean "month."


And I'm a critic.

[KurtNYC]

2. In spite of all the reasons the dollar should be lower, it isn't

There is only one commodity that we fight wars for.

[AndyTiedye]

4. The Disaster in Japan Made the Yen get Stronger

I really don't understand the currency markets. :wtf:

[Xicano]

10. "The disaster in Japan made the Yen get stronger"

Here's some screen shots I just took from my computer. Note the dates and note the extreme change which took place on March 16th.

What I think is happening here is the dollar is being abused with massive inflation, and since the dollar is the world's reserve currency its dragging down other currencies with it. Since Asia is where so many manufacturing jobs have went, the strength of Asian currencies will only get stronger in the coming years. Look for the dollar to soon lose its world reserve currency status. If that happens, its gonna hurt quite a bit. In fact China and Russia as you know have already made agreements to trade with each other in their own currencies instead of in US dollars.


I have the charts in these screen shots set to one hour candles. Also notice what is clearly probably Japanese bank intervention and how it propped up the dollar the least out of these three currencies.



Euro vs Yen





Pound vs Yen





Dollar vs Yen

[Warpy]

3. Of course you're right in some ways

because problematic dictators are just fine as long as they keep the goods moving freely. However, the UN has been shamed into acting because this one has hired an out of country army to slaughter his own people. They're learning their lessons about that slowly but they are learning them.

There will likely be a puppet installed when the dictator is gone and enough cosmetic reforms enacted to pacify the people. The new puppet will be expected to keep the goods flowing, of course, in exchange for his job.

What I'm waiting to see is whether or not US operations are over as advertised by the end of the weekend. That means bombs and rockets, not scheduled flights over the country's airspace to police the no fly zone.

[AndyTiedye]

5. We Would Have Been a Lot Less Reluctant

Looks like we were staying out of this until Quadaffi had threatened to level Bengazi,
and then had started to carry out his threat. If this were all a ploy, would we have
been so reluctant?

Of course, everything you say about the dollar is also true of the pound and the euro,
and there has been far more enthusiasm for this intervention from France and Britain.

[SpartanDem]

6. I guess were just imaginng the attacks on civilans

[EFerrari]

7. I feel so lost. A lot in your OP.

How do we know that Haliburton is in there (I already feel like that's stupid question). Do you mean, as part of any mobilization or is there a news report?

[Xicano]

9. Hi EFerrari

Sorry for the confusion. I should of worded it a bit better. Instead of saying "Then in comes Halliburton", I should worded it Then in will come Halliburton. I was just making a point.

:hi:

[EFerrari]

11. Gotcha. You're right, of course.

:hi:

[TBF]

8. Top contributors to Barack Obama 2008 -

FYI ...

University of California $1,591,395
Goldman Sachs $994,795
Harvard University $854,747
Microsoft Corp $833,617
Google Inc $803,436
Citigroup Inc $701,290
JPMorgan Chase & Co $695,132
Time Warner $590,084
Sidley Austin LLP $588,598
Stanford University $586,557
National Amusements Inc $551,683
UBS AG $543,219
Wilmerhale Llp $542,618
Skadden, Arps et al $530,839
IBM Corp $528,822
Columbia University $528,302
Morgan Stanley $514,881
General Electric $499,130
US Government $494,820
Latham & Watkins $493,835

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=n00009638