Free Republic 3rd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $19,861
24%  
Woo hoo!! And we're now over 24%!! Thank you all very much!! God bless.

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  • I Hope Everyone Is Ready

    10/04/2012 12:13:05 PM PDT · by Kartographer · 27 replies
    Market-Ticker ^ | 10/4/12 | Karl Denninger
    First, Iran's currency has effectively imploded; our inflationary games along with our "sanction" regime has caused a 20% daily drop in the Iranian currency value against the dollar. This volatility in turn led to the disappearance of convertibility (duh!) which in turn means that things like food suddenly become very hard to obtain, even if you are putatively wealthy. Second, Syria and Turkey are having a little dust-up that could turn very not little in a hurry. If you don't understand why this is important please get out a map and have a look at some of the potential problems...