The stock market as reflected in the DJIA was down over 100 points today. Oil was up some $5 per barrel at one point. Gold rose $19 per ounce. Some commentators claim it was more financial trouble with Fannie Mae and Freddie Mac. Others explain weakness in stocks by saying it was the fault of a declining U.S. dollar. But hardly anyone mentions the elephant in the room - the Bush/Cheney/Olmert cabal against Iran.
Imagine what would happen if these war mongers get their way and launch an attack and bomb Teheran. Here are my predictions:
- the DJIA would drop 3,000 points
- oil would rise to $300 per barrel
- gold would increase to $2,000 per ounce
- the United States would sink into deep recession
- grain commodities would double in price
- endless war for the next 500 years
As it happened today, the stock market, gold and oil all responded to saber rattling by the U.S. and Israel against Iran. Bush criticizes Iran for testing defensive missiles but says not a peep when Israel under Olmert stages a huge exercise several weeks ago involving hundreds of war planes. Even Condoleeza Rice issues bellicose threats.
Some people justify an attack by saying that the Arab states such as Jordan, Egypt and Saudi Arabia would cheer when the attack comes. Of course, the Arabs have a known bias and it is racial and sectarian. Most of the Arab states are Sunnis whereas Iran is mostly Shia. Secondly and equally as important, the people of Iran are not Arabs but Persians. The two have never got along, not to mention the built in animosity between Shia and Sunni. No wonder Bush and Cheney find allies in their militaristic bullying of Iran.
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