ZeroHedge ran a piece this week on Iran warning that American bases in the region are “legitimate targets” if they are used in aggression against Iran. Sure sounds like we started another war in the middle east. At least we're consistent?
The Strait of Hormuz remains closed, and that matters far beyond oil. Energy is embedded in everything: fertilizer, shipping, food production, insurance, aid delivery, industrial supply chains. UN and FAO warnings are already pointing in the same direction: this is turning into a food security crisis, especially for poor countries that were already living on the edge.
Markets are still treating this like a geopolitical headline. It is bigger than that. If fertilizer costs stay elevated and shipping routes stay disrupted through the northern hemisphere growing season, the real pain shows up later in the year when crop yields, food prices, and humanitarian budgets collide.
The nuclear risk in the Middle East is also rising, and pretending otherwise is childish. Once U.S. bases, Iranian retaliation, Israeli operations, and nuclear facilities all sit inside the same decision tree, the margin for error gets very thin. So much pain and suffering already caused, and likely much more to be caused. All funded by fiat money. If these wars had to be financed directly, would you buy the bonds? I know I wouldn't. If they had to raise capital the old fashioned way instead of stealing it via taxation and inflation, these wars would be much shorter and less frequent. Society doesn't have the appetite for murder that these politicians do. Vote with your money. Opt out. Use bitcoin.