Safe Harbors II -- July 15th news...

MARKET NEWS DIGEST

* S&P 500 hits 4-year high -USAToday
* Homeland Security plans new direction -USAT
* NY gold pops higher as euro off lows -Reuters
* Bush Addresses London Attacks in Speech - FoxNews
* China trade surplus swells five-fold -Reuters

* A New Way to Fight Terrorism… And Win! -CRS
* Help Africa? Choke $1 Trillion in Dirty Money -Bloomberg
* Al-Qaida's nuclear plot -Joseph Farah
* Terrorism's root causes -Cal Thomas
* PRICE: An unreliable quality indicator -Bill Bonner

-> SAFE HARBORS -Craig R. Smith, CEO SATC
Uncertainty is the word of the day and investors just can't seem to shake it so far this summer. Topping the list of uncertainties Americans face are...

-> CLASH OF CIVILIZATIONS: The Third Great Jihad
The strategy for this "holy war" did not begin with the planning of the destruction of the World Trade Center. It began with the toppling of the Shah of Iran back in the late 1970's...

-> THE business of ethics -Guardian
... federal US courts following a trail of greed and financial scandal across the ... Corporate failures in the US, combined with consumer and pension fund pressure on ...

-> A republic, if we can revive It -Paul Jacob, Townhall
What kind of government do we have? Upon leaving the Constitutional Convention in Philadelphia, in 1787, Benjamin Franklin was asked whether Americans had a monarchy or republic. 'A republic,' responded the grand old revolutionary, 'if you can keep it.'

-> A THEOLOGY OF TERRORISM -Don Walker, Arrows of Truth
Theology does carry with it consequences. The view one adopts of God, and Man’s relationship with Him, shapes all other aspects of his thinking...

FOUNDERS QUOTE OF THE DAY

"The natural progress of things is for liberty to yield and government to gain ground."

-Thomas Jefferson

MARKET NEWS DIGEST

Homeland Security plans new direction -USAT
By Mimi Hall, USA TODAY
July 13, 2005

WASHINGTON — The government will react less to smaller terrorist threats and focus more on preventing attacks that could kill large numbers of people and ruin the economy, according to the nation's Homeland Security chief.

Michael Chertoff said the shift in strategy is part of a sweeping departmental reorganization he will announce today. The aim is to put a priority on stopping catastrophic nuclear, chemical or biological attacks — or at the least, minimizing their damage, he said in an interview with USA TODAY.

He announces his plan less than a week after bombings in London prompted the Bush administration to raise the terrorist threat level to "high" for the nation's mass transit systems.

Chertoff did not specify the kind of terror threat he would de-emphasize or how he proposes to shift resources. But he rejected recent calls by Sen. Charles Schumer, D-N.Y., and others in Congress for a sharp boost in spending to tighten rail security. He said government officials need to "keep our eye on the ball and focus on our priorities."

Chertoff said the public needs to be mindful that "we're going to have the issue of terrorism and these kinds of events for a very long time to come." He added, "We can't be complacent, but we also need to kind of build in a sense of stability and calmness, and not react or overreact to individual instances."

FULL STORY

Operation Divest Terror -- WND -- 7-8-05 -- Private-sector offensive aims to shut down 'business' of extremists... The goal of "Operation Divest Terror" is to help investors identify U.S. companies whose business activities provide revenues, equipment and technology and political cover to governments sponsoring terrorism – and send them a message this is a bad business decision.

S&P 500 hits 4-year high -USAToday
Crude back below $60; June CPI inflation flat
July 14, 2005

NEW YORK — Stocks climbed Thursday, with the Standard & Poor's 500 Index riding its longest rally since November to a four-year high, helped by strong earnings reports, data showing consumer inflation remained in check and a drop in oil prices.

The Nasdaq and the S&P 500 extended gains for a sixth day in a row, with the Nasdaq posting its highest close for 2005.

Wall Street was encouraged by the latest reading of the Labor Department's consumer price index, which measures how much consumers pay at the retail level. The CPI was unexpectedly flat for June, while "core" CPI — with food and fuel costs removed — edged just 0.1% higher.

Record earnings from Apple Computer also cheered investors, while a sharp 1.7% jump in retail sales for June assuaged fears that high oil prices would crimp consumer spending.

"The second quarter was really a very good quarter," said Michael Metz, chief investment strategist at Oppenheimer & Co., of New York. "It certainly looks like the economic expansion is self-sustaining and it looks for the moment like we should have a good second half. Not terrific, but good enough."

The Standard & Poor's 500 Index advanced 3.21 points, or 0.3%, to close at 1226.50, its best showing since closing at 1234.45 on July 3, 2001.

The Dow Jones industrial average rose 71.50 points, or 0.7%, to 10,628.89, its highest level since March 16. The technology-laced Nasdaq Composite Index gained 8.71 points, or 0.4%, to end at 2152.82, its best close since Dec. 31.

Crude oil futures for August delivery fell $2.21 to settle at $57.80 a barrel on NYMEX, easing fears that high gasoline prices would erode consumer spending and corporate profits.

http://www.usatoday.com

NY gold pops higher as euro off lows -Reuters
Monday, July 11, 2005

NEW YORK, July 11 (Reuters) - Gold futures in New York extended a recovery from last week's five-week lows on Monday as the euro gained against the dollar, making bullion cheaper for traders in Europe, dealers said.

Rising gold and sharp gains in copper gave silver a boost in early trade, while platinum and palladium also gained.

By 10:08 a.m. EDT, August gold on the COMEX division of the New York Mercantile Exchange was up $1.10 at $424.90 an ounce, moving from $423.80 to $426.20 and holding over Friday's low of $422.30.

Gold took its cue from currency moves after choppy dealings last week in the wake of Thursday's bombings in London and Friday's weaker-than-expected U.S. payrolls data, traders said.

"There's decent volume on the floor but the market is waiting for something," said a dealer at a bank. "There's been a lot of news in the past two weeks and it's in a consolidation period, in $420/30 range."

http://www.reuters.com

Bush Addresses London Attacks in Speech - FoxNews
Monday, July 11, 2005

WASHINGTON — President Bush (search) on Monday cited last week's bombings on London's mass transit system as fresh evidence of the need to aggressively quash terrorism.

Terrorists that bomb subways or buses or other places that target innocent civilians "are not people you can negotiate with or reason with or appease," Bush told an audience at the FBI (search) training academy in Quantico, Va. "In the face of such adversaries, there is only one course of action: We will continue to take the fight to the enemy and we will fight until this enemy is defeated."

He added: "The attack on London was an attack on the civilized world and the civilized world is united in its resolve. We will not yield, we will defend our freedom."

Bush also delivered a progress report on the War on Terror (search) in his speech. The White House said the address was planned before last week's bombings in London, but the deadly attacks gave his remarks even more significance.

"We face a new enemy — this enemy hides in caves and plots in shadows ... then emerges to strike in our cities and communities ... in cold blood," Bush said, underscoring the new difficulties facing the intelligence community to thwart such attacks.

http://www.foxnews.com

Related Stories
7-11-05 -- UK to pull out troops from Iraq - Times of India -...LONDON: - More than 100,000 troops belonging to the occupying Anglo-American coalition in Iraq may be withdrawn by next April, according to a secret British government memo. The memo, leaked to a Sunday newspaper ...
London Gets Back to Business -BBC
Operation Divest Terror -SATC

China trade surplus swells five-fold -Reuters
Monday July 11, 2005

BEIJING (Reuters) - China's trade surplus for June swelled five-fold from a year earlier as exports grew much faster than imports, offering more ammunition for foreign critics who argue that Beijing should let the yuan rise in value.

The June surplus grew to $9.68 billion, exceeding forecasts of $8.0 billion and towering above the $1.8 billion surplus recorded for June 2004.

"The very large trade surplus will give the U.S. and Europe more excuse to put pressure on China to revalue the yuan," said Toshikatsu Kimura, greater China economist with Daiwa Securities in Shanghai.

"China needs to import more goods and services to avoid a trade war, but it will be very difficult to import more if it doesn't want to change its macroeconomic policy," he said.

China is already embroiled in trade rows with the United States over textiles and with the European Union over shoes and frozen strawberries.

Annual trade talks between senior U.S. and Chinese officials in Beijing on Monday were expected to focus on their dispute over Chinese textile exports, which have surged following the collapse of global quotas, and market access.

Chinese exports remained buoyant in June, rising 30.6 percent on the year, while imports growth grew just 15.1 percent, which was also far slower than the growth seen for much of last year, according to Customs data seen by Reuters and later confirmed by official media.

http://www.reuters.com

COMMENTARY

A New Way to Fight Terrorism… And Win!
Operation Divest Terror hopes to shut down the "business" of terrorism
By Craig R. Smith
WorldNetDaily
July 11, 2005

"[We must] concentrate our efforts to hunt terror money in our countries, even if that implies putting under investigation the strongholds of Western capitalism: Wall Street, the City of London and the thousand offshore centers linked to them."
-Loretta Napoleoni, author of TERROR INCORPORATED.

7/7 Attack: Four explosions ripped through London last Thursday in a series of terrorist strikes leaving dozens dead and hundreds wounded. The so-called "Secret Group of al-Qaeda's Jihad in Europe" quickly claimed credit for the attack, saying;

"Nation of Islam and Arab nation: Rejoice for it is time to take revenge against the British Zionist Crusader government in retaliation for the massacres Britain is committing in Iraq and Afghanistan.

"We have repeatedly warned the British Government and people. We have fulfilled our promise and carried out our blessed military raid in Britain after our mujahideen exerted strenuous efforts over a long period of time to ensure the success of the raid."

I remember back on June 17, 2005, when Il Zawahiri promised there would be more bombings. Last Thursday it appears he kept that promise. What many news commentators seem to have missed is that ever since the 9/11 Attacks, every single terrorist attack has been preceded by a taped warning, usually broadcast on Al Jazeera television.

Have you noticed that terrorists seem hell-bent on targeting the financial centers of the world? In the recent London bombings and both World Trade Center bombings terrorists hoped they would cripple the business world with 'everlasting' damage. Thankfully the London bombing illustrated the terrorists inability to accomplish their goal - this time at least.

A Down-And Dirty Financial War

I say if it's a down-and-dirty financial war that terrorists want -- and keep targeting -- why not follow President Bush's lead and "take the war to the enemy"? That's the goal of " "Operation Divest Terror," launched just two days before the most recent "7/7" attack!

"Operation Divest Terror" has one purpose: to help American investors identify U.S. companies whose business activities provide revenues, equipment and technology, and political cover to governments sponsoring terrorism -- and send them a message that this is a bad business decision.

Nearly 500 such companies are presently still doing business in terrorist sponsoring states, according to Conflict Securities Advisory Group, a D.C-based research firm.

Much like the South Africa divestment campaign of the 1980's, this anti-terror offensive is based on two facts: 1) Companies rely heavily on the investment dollars of U.S. citizens; and 2) If we withhold those investments, companies will be forced to STOP FUNDING OUR ENEMIES.

No big business = No Money = Less ability to sponsor terrorism.

"Operation Divest Terror" just might gain wide public support based on the simple premise that most Americans do not want to invest in terrorism -- directly or indirectly -- on strong moral grounds.

Regrettably, most of us are unknowingly funding the enemy on a massive scale today. Stopping such practices could send a powerful message to companies that we do not support their decision to partner with Iran, Syria and other governments sponsoring terrorism. If we convince these companies to pull up stakes in these terror-supporting nations, it can make a significant contribution toward winning the war on terror.

So Swiss America, together with intel support from Conflict Securities, will provide interested investors with a free investment "Exposure Report", listing the number of companies held by that individual investor which are known to be doing business in terrorist sponsoring states.

"Operation Divest Terror" will also provide interested investors with more information about alternative "terror-free" investments.

Finally, there's a powerful alternative to just sitting back and allowing the terrorists to continue to pummel Western Civilization. I say its time to move from the defensive to the offensive -- by refusing to support any U.S. company funding terrorist states.

DivestTerror.org founder, Frank Gaffney reports, "As of today, not one retail brokerage service in this country makes available to clients, data on corporate ties to terrorist-sponsoring states. That must change. People have a right to decide if they want to fund companies that fund our enemies - it's their money after all."

"Operation Divest Terror" will succeed with support of grass roots America. Together let's divest terrorists NOW, before they can strike again -- either physically or financially!

For more information, visit: www.swissamerica.com/terrorfree

July 11 (Bloomberg) -- More than 40 years ago, an American fresh from Harvard Business School took a job in Nigeria to get overseas experience. He wound up embarking on a battle to stem more than $1 trillion in dirty money that he says sluices through Western banks, supports corrupt regimes and undermines efforts to lift Africa and other poor regions out of ``a debtor's prison.''

Those thematic crosscurrents should have made Raymond W. Baker's latest book, ``Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System'' (John Wiley & Sons, 448 pages, $27.95), required reading at last week's gathering of the Group of Eight richest nations in Gleneagles, Scotland.

Baker, a senior fellow at the Center for International Policy in Washington, convincingly argues that disrupting the flow of ill- gotten loot is more important for Africa than canceling debt, boosting aid and stepping up trade, however worthy those goals are. Western countries sink roughly $50 billion in foreign aid into poorer countries each year, he says, then take back 10 times that amount -- $500 billion a year -- by laundering dirty money fleeing those lands.

Choking the flow would push more cash into local banks, securities, real estate and consumer purchases, benefiting developing economies as the money circulates at home, he argues. A crackdown might even save capitalism itself, he says, cleansing a system replete with offshore havens that helped U.S. energy trader Enron Corp. and Italian dairy-products producer Parmalat Finanziaria SpA hide billions of dollars in debt.

Kicking the dirty-money habit will take courage, but Baker says the means lie within our reach. We could, for example, freeze the Western bank accounts of public officials in countries that benefit from World Bank loans for as long as they are in office.

We could require Western corporations to publish tax returns and explain the purpose of units they register in offshore havens. Developing countries could bar foreigners from providing services that help local residents to evade taxes or move their money offshore.

Bankers will no doubt attack many of Baker's proposals as impractical and burdensome. Yet Western governments would do well to heed his advice. Citibank Inc., whose name crops up along with other leading lenders throughout the book, might want to include the title in the ethics classes that the bank is holding for its roughly 300,000 employees.

FULL STORY

In a shocking report today, WND reveals to the American people a diabolical plot officials such as President Bush, Vice President Dick Cheney, former Attorney General John Ashcroft and former Homeland Security Director Tom Ridge already know about.

Al-Qaida not only has nuclear weapons – lots of them – but the terrorist organization has used the lax U.S.-Mexico border security to smuggle them and their sleeper agents into this country for the purpose of killing millions of Americans, destroying the U.S. economy and, in effect, winning its war against the West.

No one, of course, should be surprised that Osama bin Laden would devise such a mass-murdering plot. But what is truly shocking is the cavalier attitude of U.S. officials, who, fully knowing thousands of terrorist operatives have already entered this country along with weapons of mass destruction, continue to leave the back door open.

Instead of alerting the American people to their gross incompetence and negligence and seeking their help in hunting down these terrorists like dogs, Washington prefers to issue occasional understated comments about the inevitability of nuclear terrorism while squandering billions for ineffective and wasteful Homeland Security initiatives.

Even today, as Americans are practically strip-searched before being permitted to take domestic flights in their own country, the U.S. government permits the ultra-violent, criminal street gang MS-13 to smuggle more terrorists and, perhaps, more weapons of mass destruction, into this country on a daily basis.

Imagine that betrayal! It continues today, with no end in sight – there are still no Bush administration plans to take control of our own borders.

Who will answer for the next mega-attack when – not if – it occurs? Who will explain why we handed the terrorists the keys to our kingdom? Who will tell millions of grieving Americans why we allowed this holocaust to happen? How will the U.S. government respond to that attack? And how will it answer the inevitable nuclear blackmail that is sure to follow the first wave of attacks?

It is probably too late to prevent what al-Qaida is calling its "American Hiroshima" plan.

But it is never too late to minimize the horrific damage.

Here is what I would urge every American to do to counter this apocalyptic nightmare brought on by the gross negligence of our incompetent U.S. government:

* Pray to God continually for His intervention and to protect the remnant of His people who live in the United States of America. Indeed, it will take a miracle to deliver our country from the evil brought on by government corruption at the highest levels.

* Support the organization in the vanguard of the fight to reclaim our seemingly lost borders – the Minutemen. Support the group with your money, your prayers and by volunteering to patrol the borders this fall.

* Support Rep. Tom Tancredo and the handful of other officials in Washington who have fought the good fight to secure our nation and who have been thwarted by leaders who seem more willing to serve foreign constituencies than the vital security interests of American citizens.

* Make preparations as best you can for the survival of your family and friends. Learn about the kinds of common-sense civil-defense precautions you can take, because the government is not going to help you.

This is perhaps the most dire column I have ever written. It gives me no pleasure to write it. But I feel I must share this disturbing news because no one else is sharing it with you.

I don't know how much time we have to act. But I know time is short. I don't know whether this disaster will occur tomorrow, a year from now or a decade from now. According to U.S. officials, it's not a question of "if," but "when."

Challenging times call for bold action. I am not talking about government. This government will not lead. But it might follow. It's up to ordinary citizens to become the real leaders – to fill the vacuum left by the professional politicians.

Let's save what we can of America.

http://www.wnd.com

Related Stories:
7-13-05 -- UPDATE: Tancredo to request al-Qaida nuke briefing ... Congressman to ask Justice Department for report on 'American Hiroshima' plan

7-13-05 -- Mullahs' goal: Nuke terror in U.S. -Dr. Jerome Corsi, WND ... President Bush has now voiced support for Akbar Ganji, the imprisoned journalist in Iran who is continuing his month-long hunger strike in protest of the oppressive mullahs and their corrupt government. The president called upon the Islamic Republic of Iran to release Ganji immediately. He also called on the United Nations to take up Ganji's case as well as to look into the overall human-rights situation in Iran...

Terrorism's root causes -Cal Thomas, Townhall.com
July 11, 2005

PORTSTEWART, Northern Ireland - British politicians and much of the U.K. media are engaged in a familiar Western practice following a terrorist attack. They think they can explain it using Western standards.

Many Americans blamed the race riots of the 1960s on racism and unemployment, which contributed to hopelessness they said only equality and prosperity could solve. That most unemployed blacks did not riot escaped the mainly white sociologists and commentators who desired a "nonjudgmental" explanation for lawless behavior. Having abandoned a sense of personal responsibility for one's actions, the explainers and excusers of evil and illegal acts in America 40 years ago have been reincarnated in Britain.

Now it is unemployment and hopelessness among Muslims that are the root cause of terrorism. Finding jobs for them so they can drive nice cars, live in upscale flats and attend West End theaters supposedly will convert them to the British way of life.

Or maybe it is evil America that caused the terrorist attacks. If only the Americans had not invaded Iraq and dragged Britain along, perhaps Britain might have been spared the bus and tube bombings.

Sometimes it takes an outsider to bring people to their senses. Former Israeli Prime Minister (and current Cabinet minister) Benjamin Netanyahu told BBC's "Breakfast" program Sunday that Iraq and other actions by Britain and America are the consequences of terror attacks, not the cause.

He said to blame Britain and the United States for causing terrorism is "reverse causality." Netanyahu recalled the numerous terror attacks before the Iraq war and prior to 9/11, noting there was Islamic terrorism before 1948 when Israel became a modern state. If recent Israeli, American and British policies cause terrorism, how does one explain earlier terrorism?

In the U.K., The Sunday Times carried a front-page story exploding the myth of a causal relationship between terrorism and poverty among Muslims. The newspaper reported on leaked Whitehall documents that show "Al-Qaeda is secretly recruiting affluent, middle-class Muslims in British universities and colleges to carry out terrorist attacks" in Britain. The targets of the "extremist recruiters" are students with "technical and professional qualifications."

These are not Muslims without a future. These are bright and educated students who, if they wished, could be productive and prosperous members of British society. But many are embracing a false theology and a god who requires them to kill "infidels."

No amount of G8 aid to the "Palestinians," nor a resolution of the Arab-Israeli conflict, will pacify these current and potential killers.

FULL STORY

The average American has no time to think - thank God.

It is the good ol' summertime. Any other time of the year, we'd be too busy, too. But that is the nice thing about the long, slow days that follow the summer solstice in Europe; you can take time to think about things. Especially once you begin to think like a European and begin to appreciate long vacations, as well as long days.

So far, Americans have fought the war of the worlds by aiming their guns at their own heads. That is, they've met the challenge of competition from the East in two suicidal ways: they have worked more hours per household (they now work more than any group on earth), and they have gone into debt (they now owe more money than any other people too). This has allowed them to keep spending at a furious rate, which looks to a blind economist like "growth."

There are two kinds of growth, says Stephen Roach. There is good growth and bad growth. The bad growth is what you get when people spend money they don't have, and aren't likely to ever get. It is a growth in consumption without a matching growth in production; it is a dead end.

Working long hours is seen as a virtue in America. We think it is a vestige of an earlier era...a virtue that used to pay. We're not sure it does anymore, because the United States is no longer a high-savings, high-investment economy.

Savings and capital investment add value; without them, people just race along, either spending their own money or helping other people spend.

In Europe, by contrast, rigid labor rules and high wages make it expensive to hire new employees. Businesses invest money to try to develop new equipment so they won't have to hire people. The result is high real wages, high leisure time, and high unemployment, too. For good or for bad, people have free time to think about things.

Although he is beginning to like European-style vacations, your editor is a typical American. Even after 35 years of employment he still works 12-hour days. Europeans do not look at him with admiration, but with contempt. They think there must be something wrong with him; he can't seem to get his work done in a normal workday. They suspect that he is stupid and wonder if he is unable to appreciate the value of leisure. Even in the labor market, price and value are different. People know the price of each hour they work; what they don't know is the value of the hour they don't.

What we're thinking about this morning is the difference between value and price. Those who are too busy to think about it, forget that there is a difference. The price is something you can know in an instant. Prices are urgent; value is important. If you don't have time to think, you can take the price as though it were an indication of value. That is what people-in-a-hurry do. They rush into a store to buy something. They are likely to choose something because it is cheap, which represents the best value-for-money...or because it is expensive, which they take as an indication of greater value. The person who always wants the best, generally buys the most expensive; he hasn't the time to figure out what real quality is.

Last week, we went into the big department store in Paris, Galeries Lafayette, to buy a pearl necklace for Sophia's birthday. We saw some necklaces that looked perfectly acceptable. The pearls were white and round; we saw no flaw. But when we looked at the price tag, we realized that these were not real pearls. The necklace was too cheap, only 49 euros. We put the question to the clerk and were directed to a different section of the store where the real jewelry was sold. There, we found another pearl necklace for ten times as much money. For all we could tell, it was no more "real" than the first one. But we were content with it because it cost more money.

But price is an unreliable indicator of quality. Today's half a million dollar California house is not nearly the grand palace the price tag indicates. In fact, it is the same dump that you could have bought five years ago for half the money. Then, it provided barely-decent shelter at a barely-reasonable price. Now, it costs the average household the equivalent of ten times its annual earnings. And what do you get for so much money? Granite countertops and an eat-in kitchen! The typical California house is a blank, charmless box stuck in a semi-habitable desert along with thousands of others just like it. There are no gardens to speak of. There are no architectural refinements. There is nothing beautiful about the place...in the whole shebang, there is no graceful place for dinner. Nor is the barrack even particularly useful; every time you want a drink you've got to get in your car and drive 20 minutes.

Is it worth it? Who has time to think about it?

It takes a bit of quiet thought and reflection to determine the real value of something. But Americans are too busy borrowing and spending to ask questions. They've got mortgages to pay. Things to buy. Places to go. Their vacations are so short that even then they have no time to wonder about things. And the brevity of their vacations raises no question marks in their minds.

Is it really worth it to work so much?

How come, after all this work, we still owe so much money? What do we have to show for it? How is it possible that we live in the world's most dynamic economy...yet we make so little financial progress? What is wrong with our economy? Why is General Motors laying people off, while foreign carmakers show record profits? If we have such a healthy economy, why are so many leading companies having such a hard time? When we insist that China make its money more valuable, aren't we really trying to make our own money less valuable? Is it really worth it to borrow more money to buy gadgets and gizmos; don't we have enough stuff already? What's the point of being a citizen of the world's only empire if it means we have to work harder than anyone...and go further into debt, too?

Even in the summer vacation season, Americans never get around to asking the questions. Thank God. When they do, the jig will be up.

http://www.dailyreckoning.com

Welcome to the 21st century paradigm shift
-- from a "stock-driven era" to a new "commodity-driven era."
In "Economic Solutions for the 21st Century" you'll discover ...
* SOCIAL SECURITY REFORM ... A plan to unify America
* WHY YOU MUST OWN assets that offset a DECLINING DOLLAR
* WSJ SAYS: "You don't have to be rich to invest in COINS."
* WHY SILVER could rise to $50, $75 or even $100 per ounce.
* "ATOMIC IRAN" spells the beginning of a new U.S. "Dirty War"

David M. Bradshaw is Editor of REAL MONEY PERSPECTIVES, a new, syndicated daily financial/cultural news digest. In 2001, he published REDISCOVERING GOLD IN THE 21ST CENTURY: The Complete Guide to the Next Gold Rush and has been an economic commentator since 1987, when he produced the World Economic Perspectives radio show. In 2004, he produced "A CITIZEN'S GUIDE TO COUNTER-TERRORISM" a free-to-the-public educational resource on DVD and CD. In 2005, he released a new CD, "WHAT'S YOUR WORLDVIEW?" a one-hour CD sample from his 24-hour series, "THE BIG PICTURE: The Shape of Things to Come" discussing geopolitical, economic and spiritual trends in the 21st Century. MORE ... PERSONAL NOTE: Youngest daughter Braida Zoe (age 17 mo.) is now feeding herself, running, climbing and floating & swimming. Shown with her mom (and loving wife) Micki.