Friday, June 13, 2008

Speaking of Mad Max...

'Scab' driver burned in his lorry as European protests against high fuel prices turn violent

This is a scary article on some of the unrest in Europe and Asia caused by high fuel prices. If oil stays above $125 or higher, it won't be a year before there is serious backlashes in this country as well. We're on the cusp of some serious hyperinflationary price increases and massive deflation of major assets. This isn't your typcial wage-price increase spiral. This is a much nastier brand of deflation with a rush of built up inflation in mission critical commodities. You're damn right I'm getting scared.

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