I Hope Everyone Is Ready

Karl Denninger / Market Ticker

Two points of note.

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 that could immediately appear if this is not contained, and it may not be contained.

Janet Tavakoli penned a piece over on Huffington Post that deserves a read in this context. As I have repeatedly noted, hungry bellies have a habit of rioting — or becoming rather revolting.

The possibility of war breaking out in that part of the world cannot be dismissed at this juncture. Nor can the possibility that a big part of this crap may be part and parcel of the United States (and our “pals”) scratching each other’s balls and kicking Iran in their’s.

You be the judge if it’s worth it thus far, and if it will continue to be worth it if, as appears increasingly likely, it blows up in our face.

Tickercon 1 is on deck if things get much warmer “over there.”

http://market-ticker.org/akcs-www?post=212352