Dear Jim,

Here is another example of wafting anti-US dollar currency smoke.

Click here to view article…

This article lacks two big phrases:

1. "Possible" Future Gold backed currencies (Ruble or Yuan).
2. Trading in baskets of non US dollar currencies for trade settlement.

Now, is there a JSMinset reader who can parse Russian news releases? I know we have a few good Chinese interpreters. I think the Russians like to throw a lot of jabs when squaring off and they like to control the ring.

Ciga Ken

Jim,

I had a chance to travel cross country this past week and finally got a chance to begin reading Adam Fergusson’s book "When Money Dies: The nightmare of the Weimar collapse." While I have not completely finished it yet, I can say that much of what I have already read seems to be no different than opening up the newspaper on any given day here in November of 2008… including the corrupt cronyism, incompetence and political turmoil.

If anyone is calling you with questions about whether or not owning gold, silver or quality mining stocks is the right thing to do, please have them get a copy of this book. It is out of circulation but they can get a copy from one of Amazon’s used book dealers.

CIGA Buz