Topic: american dollar and oil pricing

[piersdad]

from a email i recieve
Energy and capital

The financial affairs of the U.S. government are in shambles.

The country has a national public debt of over $13 trillion that's growing by tens of billions everyday. And no one has any clue how this massive burden can or will be dealt with.ripped_dollar.jpgThe U.S. currently spends nearly $4 trillion a year, while only taking in just over $2 trillion in tax revenues. As a result, the White House predicts the budget deficit will reach a record US$1.5 trillion this year.

And the U.S. government is currently borrowing 41 cents of every dollar it spends.

You don't need to have a PhD in economics to know that this is a completely unsustainable model for any organization...

Because the government is spending so much more than it's taking in, U.S. officials have been frantically traveling the globe like beggars in order to borrow money to pay the bills.

The problem with this, of course, is that major buyers of American debt have already had their fill of U.S. dollar-backed financial instruments, and are now cutting back on adding U.S. treasuries to their monetary reserves.

Countries like Russia, China, Saudi Arabia, Iran, and Venezuela are cutting down — or completely eliminating — the U.S. dollar from their reserve holdings.

And this spells big trouble for the U.S. dollar in the near term.

This global dollar dump will push the dollar even farther down in the international currency markets, in just a matter of months.

GAME OVER for the U.S. dollar!

The economic recession, which is currently keeping nearing 10% of Americans without jobs, has decimated tax revenues on all levels of government.

The IRS recently reported that personal income tax collections are down 4.4%, yet we keep spending money like a bunch of drunken sailors on leave in a Singapore port city.

To survive, the U.S. government will try to invent new taxes to impose on anything and everything... But American citizens are already taxed to death — and quickly reaching the point where they will be unwilling to pay anymore.

The conflict between U.S. government and its citizens is such that it could rapidly transition from mild tax protests to violent tax revolt scenarios.

The consequences for decades of abuse of public funds at all levels of government and our system of credit in the United States have finally caught up to us.

All of this paints a very robust picture for the gold and silver markets.

In fact I don't think you could dream up a better scenario for creating massive profits from precious metals and their mining shares...