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(Zero Hedge)—Since Hamas launched a brutal terrorist attack on Israel on October 7 – and the resulting invasion of Gaza by the Israel Defense Forces shortly after to eradicate the terrorist group, the Biden administration has been scrambling to prevent a regional war from erupting during the US election cycle, all while the Federal Reserve is fighting the wicked inflation monster.
Deterring a regional war has been a significant challenge for the Biden administration and will likely require restraint on Israel’s part. The US’ latest bombing campaign against dozens of Iran-backed militia targets across Yemen, Iraq, and Syria has only made the situation worse. At the same time, Houthi rebels continue causing chaos at a critical maritime chokepoint in the southern Red Sea.
There has been an escalation in the Middle East crisis. Navigating this very uncertain macroeconomic climate as the post-1945 economic order fractures – is giving way to a dangerous multi-polar world.
David Asher, a senior fellow at Hudson Institute and former investigator into Covid origins at the State Department, recently penned a note titled “Navigating the New World Disorder: Economic Faultlines, Fissures, Fractures, and Failures.”
In this note, Asher points to a world that is in crisis, similar to the 1920s/30s.
On slide three, the macro strategist labels five “looming supply shocks” for the global economy.
He asks: “Is this the end of the long economic growth cycle that has existed since 1947 or “just” a return to the 1970s?”
While China’s economy struggles to recover, Asher asks another question: “Is Global Trade Recovering or Not?”
On slide nine, given the mounting risks in the Middle East. He said: “Global oil shock could trigger a crisis ala 2007-2008.”
He described a series of events that paint an awful gloomy outlook for the Middle East that have significant consequences for global markets.
Slide thirty is titled: “Iran is Preparing For Oil War: Markets Ignore Growing Risk.”
The next slide shows the US Navy needs to be better positioned in the Red Sea and Gulf area to respond to a major crisis. Not being prepared has been the theme so far with the failure of Biden’s Operation Prosperity Guardian to secure the critical Red Sea waterway.
Could Tehran use oil as an economic weapon against the West?
Consider the economic impacts of previous oil shocks…
This is where readers need to pay attention: Imagine the scenario where Yemen’s Houthi rebels start targeting key oil facilities in Saudi Arabia.
Remember 2019?
Should a repeat of 2019 occur, then Brent crude prices could surge.
And this would cause a massive headache for Jerome Powell’s inflation fight.
Given all this, are defense stocks a good buy?
The core theme of this note is America’s adversaries in the Middle East could weaponize energy to cause a financial shock. What is necessary for the US military is not just to be focused on the Red Sea chokepoint but also on Saudi’s energy infrastructure because crude prices could be one attack away from spiking over the $100 a barrel level.
There is good news: US crude production is at record highs. The bad news: radical climate change warriors in the White House have drained the SPR and crushed the ability to expand refining capacity.
A perfect storm of higher crude prices is brewing… All eyes on the Middle East.
Mysterious “Skyquakes” Are Causing Strange “Booms” in the Sky, and Scientists Have No Explanation
by Michael Snyder
(End of the American Dream)—What is causing the extremely loud “booms” that people are hearing in the sky all over the world? We are being told that “skyquakes” are responsible, but scientists have no idea why these “skyquakes” are occurring. In some cases, the “skyquakes” cause such powerful shaking that…
The Biggest Sale on Long-Term Storage Beef EVER
by Sponsored Post
Let’s cut to the chase. Prepper All-Naturals is offering an unprecedented 40% off for it’s “Beef Steak” survival bags with promo code “steak40”. With a 25-year shelf life and a single ingredient (beef, of course), our most popular product is available for a very limited time with the biggest discount…
Seattle Is Ordered to Stop Blocking Illegal Alien Deportations in the Most Hilarious Court Decision Ever
by PJ Media
A federal court has just pooped in the oatmeal of the West Coast, Messed Coast™governors and local election officials suffering from acute cases of Trump Derangement Syndrome who think they can stop illegal alien deportations. And after this hilarious and thorough legal takedown from the 9th Circuit Court of Appeals,…
Illegal Alien Terror Suspect Found Dead in Cook County Jail Cell
by Slay News
An Islamic illegal alien has been found dead in his jail cell after being arrested on terrorism charges. According to CWBChicago, 22-year-old Sidi Mohamed Abdallahi was found dead at the Cook County jail in Illinois on Saturday. Abdallahi was arrested on felony terrorism and hate crime charges in October. He…
Trump’s Wild Bunch Is Ready for Action
by Frank Miele
If for no other reason than that it will elicit fear in the hearts of autocracy-phobics, I propose that Donald Trump’s second-term Cabinet be known as “The Wild Bunch.” The name is best known as the title of Sam Peckinpah’s classic 1969 western featuring a colorful cast of aging outlaws…
FAA Issues Flight Restrictions Over Questionable Drone Activity Near Trump’s Bedminster Golf Course
by Just The News
The Federal Aviation Administration (FAA) on Tuesday said that it has issued two flight restrictions on the area surrounding President-elect Donald Trump’s Bedminster golf club in New Jersey, following questionable drone activity. The drone sightings were first reported on Nov. 18, but have continued into this week, according to Fox…
Ex-FBI Agent Convicted for Stealing From Jan 6 Defendant During Raid
by Trending Politics
A former Houston-based FBI agent has been convicted of stealing valuables and cash while conducting searches. In one instance, the agent stole cash and silver bars from a non-violent January 6 defendant’s home. Nicholas Anthony Williams, 36, was indicted on January 31 in the Southern District of Texas. Williams, who…
Democrats, Media Elite Urge Biden to Pardon Trump’s Alleged ‘Enemies List’
by Breitbart
President Joe Biden should issue preemptive pardons to his political allies and those deemed to be on President-elect Donald Trump’s alleged “enemies list,” Democrats and their media allies believe. Delivering a preemptive pardon indicates an admission of guilt, although Democrats claim a preemptive pardon would only be intended to block…
Fani Willis Forced to Release All Communications With Jack Smith, J6 Committee
by Trending Politics
The Fulton County Superior Court has ruled against District Attorney Fani Willis, ordering her to disclose communications with Special Counsel Jack Smith and the House January 6 Committee. The decision, announced on Tuesday, follows a lawsuit brought by Judicial Watch, a conservative watchdog group, which accused Willis of violating Georgia’s…
Lindsey Graham Is the Warmongering NeoCon Leading the Charge to Upend Pete Hegseth
by JD Rucker
Pete Hegseth represents a shift away from the wokeness that has infected the United States military. This is possibly the biggest reason President-Elect Donald Trump tapped him to be the next Secretary of Defense and the vast majority of Republicans on Capitol Hill can support this, at least for the…
‘Where Are Black Democrats?’: Charles Payne Tells Personal Story to Call Out ‘Huge Double Standard’ of Biden Family
by Nicole Silverio, DCNF
(DCNF)—Fox Business host Charles Payne called out the alleged “huge double standard” of President Joe Biden’s family Tuesday by revealing that his brother, who struggles with a crack addiction, is currently serving a jail sentence. Payne said his brother, who is getting out of jail on Friday, is likely one…
Zelensky Admits Ukraine Can’t Retake All Its Land: ‘We Must Seek Diplomatic Means’
by Breitbart
Ukrainian President Volodymyr Zelensky conceded in an interview on Tuesday that Ukraine does not have “enough forces” to restore sovereignty over Russian-occupied Crimea and “must seek diplomatic means” to end the Russian invasion and regain its land. The state-run Ukrinform outlet reported that Zelensky described Crimea – which Russia colonized…
Ultra-Processed Foods: How Bad Are They for Your Health?
by Olivia Cook
(Natural News)—Despite the serious health risks associated with eating junk food, they remain the most consumed food products in many countries, particularly developed ones. But a review published in The BMJ, which studied 9.8 million people, warns that eating a lot of ultra-processed foods can increase your risk for 32 diseases. Among these are heart…
“Already Pretty Far Down the Line”: The Container Store Could File for Bankruptcy as Soon as Next Year
by Tyler Durden, Zero Hedge
(Zero Hedge)—As the retail apocalypse that started with Amazon and e-commerce continues, the latest victim is The Container Store. The retail giant could file for bankruptcy as soon as next year, according to the New York Post, who said the retailer is blaming its recent descent on “a weak housing…
Mysterious ‘Car-Sized Drones’ Over New Jersey Prompt FBI Investigation
by Zero Hedge
Several weeks of mysterious drone swarms over the skies of one New Jersey county near the military research and manufacturing facility Picatinny Arsenal have sparked concerns among residents and prompted an FBI investigation. “It’s kind of unsettling,” Mike Walsh, a Morris County resident who has spotted the drones on numerous…
UNESCO’s New Mission: Train Influencers About Combatting Online “Misinformation”
by Reclaim the Net
The UN Educational, Scientific and Cultural Organization (UNESCO) is now incorporating teaching influencers how to “fact check” into its activities. UNESCO claims that influencers have become “primary sources of news and cultural information” around the world – which prompted it to carry out a survey into how these online personalities…
