The US-Israeli war on Iran has triggered the largest oil shock in history, much bigger than the oil shocks of the 1970s. This has disrupted global oil supply chains by making products more expensive to ship.
It is not just oil but food is also becoming more expensive because the fertilizer to grow the food is on those ships. Furthermore, the war has made the stock markets more volatile than usual. Lastly, the Iranian’s insistence on using yuan currency instead of the dollar has threatened a very lucrative profit for Western capitalists. The transition to a BRICS century is on its way!
Read the latest article by Michael Hudson
Maybe now Americans will finally wake the hell up when the results of all of these illegal wars
and the US foreign policy practices finally hit home.
We hope – but we’re not counting on it. Thanks for your comment.