No matter what the next step is toward the invasion of Iran, efforts are being made to neutralize the EU’s success at getting Iran to at least postpone its nuclear ambitions. Americans are being sold on Iran being a religious dictatorship by a fanatical nutcase which, of course, is untrue. They had a national referendum 24 years ago, and they have a constitution in which women participate in the electoral process. In fact, the women are better educated than the men are. It is a democracy with scholarly Islamic oversight. Religious minorities also participate in government. Mohammad Khatami, the current President, is a reformer and parliament is controlled by reformers who keep the strident mullahs at bay. This system is unique and as long as it works for Iran, it is fine. It is not a dictatorship as we have been led to believe. It is probably the most democratic government in the Middle East. At least the elections are not rigged, as they are in the US. There are ten different political parties where many ideas are put forth. We have two parties, which are in total control of our political process. Both of parties are financed and controlled by the same group of elitists from behind the scenes. Compared to other governments in the Middle East, Iran is a shinning light. We believe Egypt and Israel are financed as client states of America. Then we have dictators in Jordan, Morocco, Kuwait, Uzbekistan, Saudi Arabia, UAE, and Dubai, etc.  Why not just invade them all so we can bring the neocon brand of fascism to all of the Islamic countries of the Middle East. Then we can put pictures of George W. all over the region, as his legions occupy the lands of Islam. We do not agree with how Iran is being run, but we are neither Muslims nor Iranians.  We deplore as well, how our country is run, but that is not reason enough to destroy our government although we are getting there fast. Do not forget there are Christians in the Iranian government, but no Muslims in Washington. There is no viable reason for us to invade Iran and if we do, it will be done with the blood of your children as the elitists collect the benefits.

            Most everyone in China is dumping dollars, just asks anyone in the currency black market. It is only a matter of time before the yuan increases in value. No one wants US dollars, including the government. Over the last month, it has become almost impossible to sell dollars. There has been a 3.8% drop in foreign currency savings or $1.7 billion in household accounts. The conversion of dollar accounts to yuan accounts increased by 17% in September and 34% in October. The dollar is no longer considered stable; the yuan is the new hard currency. What the Chinese do not realize is that as the dollar sinks the US economy sinks and eventually the yuan sinks. That is why gold is a much better choice. The Chinese believe the yuan will be revalued shortly; they are wrong. It will take some time for that to happen. There could be a widening of the trading band for the yuan, but the change would be 2% at best. The Chinese do not realize that the financial system in China is in as bad a shape as that of the US. More than half the loans at the four state-run major banks are worthless. When the US goes into recession and depression, so will China and the remainder of the world. No currency is the final answer; only gold is the ultimate money.

            There are presently 29,786 new foreclosed residential properties listed for sale in the US as of the end of October. The total for America is now 81,106 properties. This is a greater increase by 5% than the September-October rise in total inventory for sale. Here are the largest inventories: Alabama 1,975; Colorado 2,533; Florida 1,587; Georgia 6,139; Illinois 2,901; Indiana 4,804; Kentucky 1,507; Michigan 5,268; Missouri 2,358; N. Carolina 5,685; New York 1,982; Ohio 6,278; S. Carolina 2,875; Tennessee 3,523; Texas 9,379 and Washington 1,566.

            Before they hedonize the Producer Price Index (PPI), as they have the Consumer Price Index (CPI), we have to reiterate that the PPI for October was 1.7%. That is 21% annualized. Regarding the CPI, if your work prices are expanding at a 7.44% rate, inflation is only 6.2%. That is official; our figure of 9.5% is right on the button.

            Credit card companies, such as MBNA, have just doubled interest rates from 9.2% to 18.4%. Users did not expect MBNA to invoke clauses that are tucked into the fine print of their contract agreements. Lenders are doubling or tripling interest rates with little warning or explanation, we warned you about this a number of times. This is the industry that made $2.5 billion a month in profit before taxes last year. Last year these Shylocks collected $11.7 billion in penalty fees, more than half of the fees they collected from cardholders. Once interest rates begin to rise, not only will rates rise, but also so will bankruptcies. Who knows, we may see 35% rates and then we can call these lenders, loan sharks international. We have warned you over and over and over again to get rid of credit cards and revolving debt.

Our attacks on Fallujah have brought us over 58 American boys killed and at least 425 wounded. We are told the figures are considerably higher, but the White House has never been known during this administration for being truthful. George and the neocons claim victory when militant opposition still controls 60% of the city. They must think we are stupid; the entire war has been a clustermuck. General Eric Shinseki said, “We needed 200,000 boots on the ground,” and for that he was promptly fired. The Rumsfeld-Bush decision has cost our children their lives and the lives of countless Iraqis. Top brass runs the war, most of who are ensconced safely in Washington; the others are career ticket punchers, not effective combat leaders. The people on the ground loath the people who lead in a chopper two thousand feet in the air, while grunts on the ground take the heat and lose their lives. We should have been doing targeted operations and continued negotiations with community leaders. Unfortunately, that is beyond the thinking process of our leaders. The morons in the White House issued the orders for the attack. Marine intelligence officers have been warned as well, if troop levels are significantly down in the reconstruction phase as planned, insurgents will reconstitute their forces to kill again, causing more causalities, battering the just-trained and untested Iraqi security forces, and intimidating local populations into shunning the January 30 elections. Of course, the brass at the top and the White House ignore this assessment, because it comes from combat managers on the ground.  What could they conceivably know?  They do not know the trooper’s worst nightmare is fighting un-uniformed guerrillas in urban combat, and house-to-house in their backyard. No one ever told George all war is murder. That is why you work so hard to avoid it.