Loading ...if … congress presses ahead with an inquiry into the 9-11 events, the saudis are likely to be implicated – at least in part – in the twin towers attack. they can read the cards as well as anybody, and they know what the hole cards are. if… they are implicated, it is likely that their assets will be encumbered. they are threatening to unload their dollar assets to avoid having them frozen/seized. …What then???
if… anybody tries to unload that many dollars on any but the longest time frame, it will cause such a dollar glut as has never been seen. this would lead directly to a sharp bearish move in the international exchange value of the dollar.
next question, boys and girls, if they roll out of dollars, what do they roll into? likely into a combination of any and all stores of value they can buy with dollars. it’s not rocket science to figure out that silver and gold will feature prominently on the list. this leads directly to a sharp bullish move in metals prices – particularly as expressed in dollars. the same will probably hold true for euros, swiss francs, sterling, etc.
even if congress doesn’t push through with the inquiry into 9-11 this summer, the donald has been expressing interest in just why almost all of the twin towers bombers were saudis. the towers were in his home town, after all.
we live in interesting times.