Sunday, September 27, 2009

USD strengthens...on Obama's Iran threat (veiled)

The US dollar needs a conflict to strengthen, refer to: The USD will only recover if China's economy collapses or there is a war.

See the USD is a dying currency, nothing will save it (economically) at this point; what will give it cause to reprieve will either be a conflict or economically there is another collapse (stocks, markets). Otherwise the Fed keeps printing money and the dollar keeps heading down.

So we ge this: (from The Age 28 Sep 2009)

"THE Obama Administration plans to tell Tehran this week that the nation must open a newly revealed nuclear enrichment site to international inspectors ''within weeks'', according to senior US officials.

From the White House to Europe, senior officials were pushing to exploit the disclosure of the covert facility as a turning point.

The United States will also seek full access to the key personnel who put together the clandestine plant."

And Obama tells the media now about this 'secret' base?: (from Newsmax.com)

"According to The New York Times, Obama was informed of the site in Qom, Iran, by Bush administration officials at some point after his election last November.

Earlier this year sensitive equipment was moved to the site, prompting Obama to reveal its existence on Friday night at the G-20 economic summit in Pittsburgh. On Saturday, Obama issued an ultimatum to Iran"

It will be interesting to see what occurs and how serious this will escalate into, but the market is currently risk averse 'on'. Note the Euro v's Japanese Yen (safe haven) in the last 8hrs:

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