What Gives

The awesome exertions of the global banking system to evade the mandates of reality finally yield in a sickening slippage to epochal unwind. What a bad idea: to try to juke nature itself. In case you weren't paying attention over the weekend - and who really wants to? - the cosmic Brinks truck of free money went over a cliff, and the darn thing will keep free-falling until (at least) the American markets open again on Tuesday.

snip

In the background of these grave machinations lurks the tragedy of Iran. Subtract the Islamic maniacs who seized the levers of government there thirty-three years ago, and you'd actually find a perfectly modern society, complete with industries, skyscrapers, highways, TV shows, and people eating nice food in restaurants. One can understand why the last Shah was hated and resented. But here you now have a whole class of despotic maniacs much worse than the Shah ever was and they cannot be gotten rid of. Worse, they are devoted to exacting vengeance on the USA and its kindred western nations.

http://kunstler.com/blog/2012/01/what-gives.html