- Oct 29, 2017
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Iran has suspended commercial traffic over its' airspace. Iranian and Israeli embassies are being evacuated. Widespread blackouts in Israel due to cyber attacks on grid. Israeli cargo vessel seized by Iran. Netanyahu takes refuge in a nuclear bunker. Biden suspends his vacation. Israel jams GPS throughout the region. IDF sets guidelines to end protests by Israelis.
What can we derive from this? If the war ramps up in the Middle East; we can expect to see oil prices skyrocket. They are already climbing quickly. Civilization as we know it is fueled by oil. It's possible that we could see another Middle East oil embargo. This could cause the price of oil to climb at even a greater rate. Financial analysts have purported that if crude reaches $130/barrel; that it would have such severe effects on the supply chain; that it could send the entire world into economic collapse. The supply chain is already strained with disruptions to Middle East shipping channels. All of this might explain why the price of gold is skyrocketing. The smart money is buying physical assets.
I've been investing heavily in practical assets that I might need if I'm forced to live a more primitive lifestyle.
Let us prepare for the worst, and pray for the best.
What can we derive from this? If the war ramps up in the Middle East; we can expect to see oil prices skyrocket. They are already climbing quickly. Civilization as we know it is fueled by oil. It's possible that we could see another Middle East oil embargo. This could cause the price of oil to climb at even a greater rate. Financial analysts have purported that if crude reaches $130/barrel; that it would have such severe effects on the supply chain; that it could send the entire world into economic collapse. The supply chain is already strained with disruptions to Middle East shipping channels. All of this might explain why the price of gold is skyrocketing. The smart money is buying physical assets.
I've been investing heavily in practical assets that I might need if I'm forced to live a more primitive lifestyle.
Let us prepare for the worst, and pray for the best.