The world is running out of options

[angrychair]

I spoken on this topic multiple times but this will be the last time.
If you turn on US based news pretty much the only way they frame the Iran war is in the context of gas prices in the US.
It's really the most American thing we could do. Our country is so self-absorbed and arrogant and feckless that we only think about this in the context that it impacts us in the most superficial way possible, gas prices.

The poorer nations on Earth are on the verge of full blown panic. From Vietnam to India, they are in an increasingly desperate situation and running very low on multiple resources but especially fuel.
Don't just take my word for it. Go look it up. Many countries are, roughly, 30 days from significant civil unrest.

It's also important to note that several of these same countries are deeply in debt, with significant amounts of that debt being held by the World Bank and other national banks from large western nations.
As the economies slow down as they run low on resources, their ability to service their debt becomes real hard, real quick. If these nations start to default on those loans, hundreds and hundreds of billions of dollars will come immediately due and no way to cover that debt and the world economy will start to collapse. That is, roughly, 30-60 days from happening

Yes, I'm oversimplifying it but the points are still correct.

These timelines are based on things not getting significantly worse.

Based on current news, we are likely to start a land invasion at any moment.

Is their a way out of this? I don't know. Even an immediate and full retreat, this weekend, would not significantly change anything in the short term. I don't know.
I'm just random guy in the Internet. What do I know. Feel free to ignore me I guess.

[bucolic_frolic]

1. Trump's aiming for emergency powers

by creating the emergency himself.

[harumph]

2. Yes, that is exactly what he's doing.

[bucolic_frolic]

3. The OP is correct though because debt is already collapsing

I see a lot of buzz on YouTube about Private Debt and Black Rock. Seems banks won't lend to bad creditors, but they will lend to Private companies that lend to the same bad credit risks. Also to worry about is the crypto markets, I'm assured the collapse will bottom around 62,000 or so, but one guy did show a chart that he thinks bottoms about 17,000. Energy is a main thing of course that supports everything else. To my eye the stores are not carrying the volume and breadth of goods they did 5 years ago. Some items never returned after the pandemic.

Fertilizer and energy shortages are scary territory. What if they can't produce, can't ship as much because it's too expensive, or can't ship at any price?