History was made tonight.

Tonight oil moved through the magical $100.13/barrel in Sydney Australia at 8:30pm PST time. This is just a point in a curve, a dot in a graph but when your children's children write and quibble about the exact beginning of the end of "happy motoring" they will talk about tonight, November 6th, 2007 with particular passion.
Today crude oil passed $100/barrel in world trade for a brief moment, Citigroup, one of the four primary pillars of our Banking system, admitted to 11.7 Billion in loss, but by the end of the day, make that 13.3 Billion, and it is still sitting on the rotting carcass of a TRILLION dollars more of bad debt. The Federal reserve board cannot let this bank fail, so they will burn the US dollar down - in other words inflate - in other words they will loan Citigroup money so that the bank doesn't collapse. This reduces the value of the dollar in your pocket which starts a wave of fanancial destruction across the entire world. Gold has rocked past $800/ounce and seems to be headed straight up. If you have a few shoe boxes of cash or a checking account that is fat around the middle - you might want to lighten that up and by some Canadian Bonds or treasury notes. Keeping dollars on hand now is a very bad idea. Bullets, booze, guns, gold, silver and tools are good places for the extra cash.

This is a night of nights. Remember the Chinese curse, "may you live in interesting times."