Loading ...All the “problems” are the same…nothing has gotten better over the weekend.
The military-industrial complex and the harsh reality in Iran
In this economic situation that offers no escape, the immediate geopolitical effect is a surge of war threats in strategic locations like the Persian Gulf. The risk of a war of aggression against Iran by the Saudi-Israeli-US axis would have little chance of success, but it would probably succeed in permanently devastating the global economy as a result of a surge in oil prices
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DB
The German bank alone has assets worth about 40 trillion dollars in derivatives, or more than half of annual global GDP.
Their solution, not at all innovative or effective, has been to create yet another bad bank into which to pour at least 50 billion dollars of long-term assets, which are clearly toxic.
Tensions in the Persian Gulf are reaching a point of no return