Der von der reichsten Nation der Welt geführte Krieg belastet die Geldbeutel derjenigen, die es sich am wenigsten leisten können

The 1973 oil embargo lasted only 6 months but it created a decade of recession and inflation in its wake. Developing countries were hit particularly hard back then and several faced regime collapse-coups (Ethiopia, Greece, Thailand, Argentina, etc…)

If this conflict persist for an extended period of time, the same could happen again. For the duration that the Strait of Hormuz stays closed and even months after it is re-opened, everything that is harvested, manufactured, built, heated, cooled and shipped will become more expensive. High prices will also affect tourism, entertainment, sports and virtually any type of economic activity one can think of. Higher prices, fewer jobs, lower wages and the massive levels of debt being carried by individuals, companies and nation states is a recipe for disaster.

I particularly worry about Pakistan, a nuclear armed country that is always on the brink of becoming a nuke armed failed state where the religious radicals run wild.

We could be facing a pivotal moment in global history.

Shock Doctrine