DEBKAfile Exclusive Report January 8, 2012, 10:15 AM (GMT+02:00)
Tehran media trumpeted the news Sunday, Jan. 8 that Iran's deep underground uranium enrichment site at Fordo near Qom goes stream soon, thereby crossing another line in its faceoff with the West on its weapons program. The head of Iran's Atomic Energy Organization Fereydoun Abbasi Davani told the Kayhan daily: ... 20 percent, 3.5 percent and four percent enriched uranium can be produced at this site." debkafile's military sources report that 60 percent is equally feasible, just one step before weapons grade.
Israel's Defense Minister Ehud Barak warned in a number of interviews to US media that once the Fordo plant becomes operational, Iran's nuclear bomb program will become immune to military attack and be able to operate out of the sight of Israeli and Western surveillance.
08 January 2012
American, British, Israeli and Iranian Warships Sailing Towards Confrontation
The U.S. and Israel are conducting their largest-ever joint warfare exercises near Iran. And see this.
England is sending its most advanced ship – the HMS Daring – to the region.
Only days after finishing its last wargames in the Strait of Hormuz, Iran has announced another set of wargames in February.
US fed money printing may start sooner than expected
By Bill Bonner
We have a feeling that 2012 is not going to be a great year for money you get from the ground. Oddly, it will probably be a better year for the money you get from trees.
How is that possible? We all know paper money is going to be worthless. Yes...dear reader...but not necessarily in 2012. It's just part of the curious way Mr. Market does business...and a feature of his nasty habit of ruining as many investors as possible.
Look, it's pretty simple. The private sector debt bubble blew up in 2008. The public sector debt bubble will blow up too. Maybe in 2012. Most likely not for a while longer. But when US debt begins to blow up, the feds will come in with everything they've got trying to stop it.
And all they've got is a printing press. Ben Bernanke:
..the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US Dollars as it wishes at essentially no cost...
We have a feeling that 2012 is not going to be a great year for money you get from the ground. Oddly, it will probably be a better year for the money you get from trees.
How is that possible? We all know paper money is going to be worthless. Yes...dear reader...but not necessarily in 2012. It's just part of the curious way Mr. Market does business...and a feature of his nasty habit of ruining as many investors as possible.
Look, it's pretty simple. The private sector debt bubble blew up in 2008. The public sector debt bubble will blow up too. Maybe in 2012. Most likely not for a while longer. But when US debt begins to blow up, the feds will come in with everything they've got trying to stop it.
And all they've got is a printing press. Ben Bernanke:
..the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US Dollars as it wishes at essentially no cost...
'Reasons why silver to hit $50 in April 2012'
By Ted Butler
I believe the short squeeze that took Silver to $49.73 in April has taught the commercials how tight the physical silver market actually is, and that the commercials "appear to have no interest in massively shorting silver again". As a result, I look for silver to make massive gains in the near futures, as the commercials turn and go net long, resulting in $50 silver appearing "cheap" in the near future.
The big commercial silver shorts had a near death experience when the price approached $50 in April. They were at the end of their rope and needed to do something in a hurry. That’s why they rigged prices lower; so that they could buy and save themselves.
I believe the short squeeze that took Silver to $49.73 in April has taught the commercials how tight the physical silver market actually is, and that the commercials "appear to have no interest in massively shorting silver again". As a result, I look for silver to make massive gains in the near futures, as the commercials turn and go net long, resulting in $50 silver appearing "cheap" in the near future.
The big commercial silver shorts had a near death experience when the price approached $50 in April. They were at the end of their rope and needed to do something in a hurry. That’s why they rigged prices lower; so that they could buy and save themselves.
SilverDoctors: 6 Month Gold Lease Rate Plunges to Bull Market Low...
SilverDoctors: 6 Month Gold Lease Rate Plunges to Bull Market Low...: In September and December, plunging gold lease rates foresaw big smashes in gold and silver. While gold's 1 month and 3 month lease rates h...
Iran, Russia Replace Dollar with National Currencies in Trade Exchanges
TEHRAN (FNA)- Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.
Speaking to FNA, Tehran's Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for replacing US Dollar with Ruble and Rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart Mahmoud Ahmadinejad in Astana on the sidelines of the Shanghai Cooperation Organization (SCO) meeting.
"Since then, we have acted on this basis and a part of our interactions is done in Ruble now," Sajjadi stated, adding that many Iranian traders are using Ruble for their trade deals.
Speaking to FNA, Tehran's Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for replacing US Dollar with Ruble and Rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart Mahmoud Ahmadinejad in Astana on the sidelines of the Shanghai Cooperation Organization (SCO) meeting.
"Since then, we have acted on this basis and a part of our interactions is done in Ruble now," Sajjadi stated, adding that many Iranian traders are using Ruble for their trade deals.
SilverDoctors: As Default Nears, Italy Begins Capital Controls
SilverDoctors: As Default Nears, Italy Begins Capital Controls: New Italian PM Mario Monti has mandated a cap on cash transactions in Italy of 1,000 euros, and reportedly wishes to gradually reduce this t...
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