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The End of the World is Nigh?
A lot is going on right now.
For one, commodity prices are sky-rocketing. For a comprehensive analysis of this, check out themessthatgreenspanmade.blogspot.com. Specifically, however, check out Iacono's post on Oil, Greenspan, China. He's talking about inflation: inflation is an increase in the money supply that results in increases in the price of assets. While on the topic of money and inflation, go ahead and read Gold and Economic Freedom, which will help you understand why our current economic situation is so precarious. And this only scratches the surface.
Meanwhile, America is forgetting the benefits of free trade and pushing for more protectionist regulations such as fighting against "illegal" immigration.
Finally, we have a nuclear situation in Iran. If Iraq is any indication of what our fearless leader will do, get ready.
Thus, I wonder, are we on the verge of economic collapse and nuclear war? Is the end of the world as we know it, indeed, nigh? Or are these just more examples of our government's neverending SNAFU?
