Tuesday, November 23, 2010

North Korea attacks South Korea

http://www.zerohedge.com/article/north-korea-attacks-south-korea-yellow-sea-island-south-korea-highest-non-wartime-alert-resp

Uuuummmm, let's see, now the US has to park sitting-duck aircraft carriers next to Korea as well as in the Strait of Hormuz to protect oil shipping lanes in the Middle East (and against that great scourge of Iran).

Anybody see a problem with this?  We don't have the money to fight two wars in Iraq and Afghanistan (never mind Iran), and now the US will be stretched even thinner.  I'm referring to our military forces and the US taxpayer.

The solution?  Print more dollars.  Only this time, no one will protest, because well, we're so patriotic.

All markets crashed today:  especially stocks, Euro bonds, commodities, energy.  All except for gold and silver, despite a surging USDollar as investors rushed into "safe" havens.

Happy Thanksgiving everybody.

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