People don't understand how dangerous the Iran war actually is and the dangers it both possesses and magnifies.
We are on the cusp of a massive economic disruption. Iran is thrusting itself into world power. We are bankrupting ourselves
People need to understand that our economy, our way of life relies on our government's ability to borrow money.
That relies on the dollar being the world's currency and the bargain we have made with most of the world, where we provide defense and they provide economic support including and most importantly buying our debt.
That is collapsing between Piggy's insane tariff policies, threats against allies and the utter embarrassment that the Iran war is.
The Iran war has shown, with indisputable evidence that America no longer has the military capability to protect our interests.
that is a massive sea change.
We can no longer project power.
Our bases, which until last winter were symbols of America's ability to project power wherever we chose, our now albatrosses, targets for cheap drones and missiles
Despite spending trillions our military is showing itself completely and utterly unprepared for modern warfare. Our enemies and allies are taking notes
And we have a Sec. of Def obsessed with testosterone, DEI and beards and NOT transforming the military to what it needs to be-securing the resources (i.e. rare earth metals) and developing weapons and strategies to fight this new war.
Our free market capitalist society is perfectly structured to cause our demise. Our military does not serve the nation's interest, but is driven by profits from a few industries. Their incentive is not to protect America but to generate profits, which means more complicated and expensive weapon systems. Systems which the Iran war have shown to be both useless and too little and all our country can do is double down on those systems, even though we are at China's whim on whether they will allow America to buy sufficient resources to build these systems.
So, with an unwinnable war, with a world wide oil market now controlled, in large part by a nation we are at war with, prices are skyrocketing. the markets are beginning to see this and long term rates are rising and there is NO PLAN to reverse that trend. There is no plan to lower global prices, which means energy and fertilizer prices will continue to rise, meaning the interest rates will rise because of the uncertainty of this economic hit. And as that interest rate increase so does our debt and we are quickly approaching a time when our debt will not be purchased, simply not purchased
I think most of the world is afraid of that happening and are buying it but soon it will become unsustainable.
And remember, Piggy has lost this war, there is NOTHING we can do to change that fact and after the election he will accelerate the war, he is holding off now to avoid yet another price shock before the election. But rest assured between the election and January the war will get really hot and I think there is a very good chance he uses a nuke or at least tries to. There are a host of reasons why he would during that time period.
But even with out a nuke, prices will continue to be out of our control, they are subject to Iran's control of the strait. the world will adjust to that toll, but Piggy needs to surrender, which he won't so the uncertainty will continue.
www.ibtimes.com.au