Saturday, November 26, 2005

Haute Couture For the Academically Mischievous

Philosophically risqu�; dressers and daring polemical provocateurs might wish to see this.

We wonder: If a student shows up wearing one of these to school will he/she be sent home? It doesn't say at the site how to obtain them, but it'd be great fun to send some along to students at Dover High School in Pennsylvania. It'd be even more fun to make a gift of one to each new member of the Dover school board.

This Is Huge

From the link:

It's "inevitable" that gold will top $US500 an ounce as central banks contemplate buying more of the metal, David Gornall, the head of foreign exchange and bullion at Natexis Commodity Markets in London, said. He recommends investors buy bullion this week.

Maria Guegina, the head of external reserves at the Russian central bank, last week said the bank may double its gold reserves. Five per cent of its reserves are currently held in gold, totalling about 500 tonnes, she said.

Hedge funds and other large speculators increased their net-long position in New York gold futures in the week ended November 15, according to the US Commodity Futures Trading Commission.

Speculative long positions, or bets that prices will rise, outnumbered short positions by 129,686 contracts on the Comex division of the New York Mercantile Exchange.

While you and I may purchase gold in ounces, CBs tend to buy in tons. If, in fact, Russia moves forward with their plan to double their gold reserves, it would mean 500 tons of gold will be taken out of the market! To suspect that gold will top out at $500 is silly.

There is a deeper, hidden message here if one looks more closely. If you care to do the research, you will see that countries around the world are starting to question the wisdom of their reserves being mostly U.S. dollars.

If this is true, those dollar reserves will be exchanged for assets which represent true wealth, i.e. gold. Also, and this point shouldn't be dismissed, those dollars will eventually find their way back to the U.S. and result in higher, much higher inflation. I suspect we are already experiencing this as the real rate of inflation is increasing. Not in terms of the government CPI (consumer price index) nor the PPI (producer price index) as they are manipulated to such an extent as to be worthless. And not in terms of computers, DVDs, large-screen TVs, or anything else we import from China, but rather food, real estate, or anything made from petroleum.

Got gold?


The War Against Children

The people Michael Moore and others on the Left refer to as "freedom fighters" and compare to the "Minute Men" of the American revolution are continuing their war against Iraqi children:

AL ASAD AB, IRAQ: The Thanksgiving Day car bombing in the town of Mahmudiyah encapsulates the nature of terror attacks directed at the Iraq people. Thursday's attack killed thirty and wounded forty. The location was a hospital, and the target was American troops handing out toys and food to children. ABC News voices the reaction of a stricken mother; "There was an explosion at the gate of the hospital... My children are gone. My brother is gone." Another car bombing in Hillah was directed at an soda stand, and killed eleven and wounded 17.

Outside of Abu Ghraib, Iraqi soldiers discover a car with children's dolls rigged with various forms of explosives. Iraqi government spokesperson Leith Kubba states "This is the same type of doll as that handed out on several occasions by US soldiers to children."

al-Qaeda's campaign against the innocent is nothing new. In July, twenty seven children were killed in a suicide attack on American soldiers who were giving candy to Iraqi children. There are numerous instances of al-Qaeda using disabled children - those with Downs Syndrome or other mental impairments - as suicide bombers or grenade throwers.

Those who advocate a withdrawal from Iraq wholly ignore the nature of the enemy we face, an enemy that has no compunction about slaughtering the innocent to achieve their political goals. Also lost in the debate is the fact that al-Qaeda is taking a real beating in Iraq, particularly in its former "Islamic Republics" in western Anbar province. Iraqi troops are entering the fight in battalion sized formations, the terror networks are being slowly and systematically dismantled, and leadership turnover due to precision operations is frighteningly high for the organization. The calls for withdrawal only embolden the terrorists to commit more spectacular acts of violence in order to paint a picture of chaos.

The people who do these things are subhuman savages and either the leftists who lionize them are terrible judges of character or they themselves believe that no atrocity should be condemned as long as it's perpetrated by those who hate America.