Interview with Doug Casey of Casey Research (Level headed Economic Forecaster nothing like the parrots they roll out on CNN, CNBC etc. every night..
Doug: Sure, but nobody but crazy goldbugs even thinks about that. And it gets worse: The current course guarantees the total destruction of the U.S. dollar. Again, I cannot emphasize enough how serious this is. People all around the world save in dollars. If the dollar is destroyed, it won’t just be Americans who’re hurt, it will be all the hard-working people around the world who’ve struggled to scrimp and save and put money away for future needs. All these people who were wise and frugal, they are going to be wiped out. They are going to be left with absolutely nothing. This is criminal – it’s the stuff revolutions are made of. And that’s exactly what I expect we’ll see plenty of, all around the globe. Read Interview
A senior Iranian commander said that the US plans massive deployments of police forces in major cities fearing the eruption of popular protests similar to the recent developments in the Middle East, the Arab world and the European countries. The Deputy Head of Iran’s Armed Forces Joint Chiefs of Staff Brigadier General Massoud Jazayeri described the deployment of US police forces in cities as “military rule,” which basically aims at a quick crackdown on political unrest in the country under a “threadbare” pretext of preventing terror attacks in the US. He noted how incumbent US President Barack Obama has followed in the path of his predecessor, George W. Bush, in inflicting huge costs on US taxpayers through the continuation of the Bush-era war policies. Difficult living conditions, unemployment, an increasing suicide rate among US troops and the Americans’ inability to pay off their mortgages are among other hardships the Obama administration has brought about for the people in the United States, Jazayeri added.
Ah those crazy Iranians! What do they know? This could never happen in LA, Chicago or NY, could it? Time will tell; and sooner than most people expect!