"Wherefore We must interrupt a silence which it would be criminal to prolong, that We may point out...as they really are, men who are badly disguised." Pope St. Pius X, September 8, 1907, Pascendi Dominici Gregis

Friday, February 18, 2011

Last Call Before the Collapse?

Protests are spreading to Libya, Yemen, Bahrain, with a chance of spreading to Saudi Arabia. That could really be the end of the US world order. There’s a doubled or tripled oil price to consider, but the Saudis are also the fifth largest holders of US debt (after Fed, China, Japan, UK). Can you imagine if a Saudi collapse sparked a run on the dollar because of concerns the new regime would dump treasuries. Game over. These things really do come out of nowhere. That self-immolating cart owner in Tunisia is like the so-called ‘anarchist’ that assassinated Franz Ferdinand. Anyway, it’s not a dumb time to get ready to the extent you haven’t already. Price increases are coming anyway, so stock up on non-perishables. If anything, this is all just a reminder of how precarious our situation is.

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