My 1st Million At 33 – yes, you can do it too

Reading this article from Baltimore Chronicle and this one from financialsense is making me nervous. The news of Bush wanting to send more troops in for no clear purpose is getting alarming (link #1, link #2, link #3). I hope there is no war. I hate wars, period.

The leaders in Iran seem to be way-over their heads, while Israel is always aggressive in pre-emptively defending herself. This looks like an almost perfect “recipe” for conflicts. Iran however would be very different from Iraq or Lebanon. Iran not only is quite strong, but also can potentially shut down the Humus(?) strait that controls flowthrough of about 20% of global oil production.

I can’t nor want to imagine what kinds of social havoc may be caused due to a outbreak of war between Israel/Iran. Oil/gold will most likely go up big time. And I actually believe that US Fed would take this chance to lower short-term interest rate and try to duplicate their success campaign after 911. But it wouldn’t be the same everytime. For one, commodity prices will go up big time. I’m guessing that they may use the core rate that excludes both energy & food, and telegraph that the rise in commodity would be just temporary due to a temporary war.

Anyway. I truly hope nothing terrible will happen.

P.S. I wrote this about 2 weeks ago. Just this past weekend, I saw another more concrete report on Israel’s plan in attacking Iran. And Israel’s plan includes the option of using “low-yield” nuclear bunker busters. I can’t believe it is even considered, my dear God.