Israeli TV Channel 12 is reporting that the Israeli Defense Force (IDF) Chief said today that Israel "is not even halfway through operations against Iran, with no timeline set for the war's end."
So anyone who thought this conflict would be resolved quickly, got a very rude awakening today.
Last night, "The Hal Turner Radio Show" reported that the United States sent word to Iran via intermediaries, that the United States has achieved its military objectives in Iran and intends to exit the conflict." The US also converyed to Iran that "Israel still has some objectives to achieve and they will exit the conflict soon."
Iran flatly rejected the message, stating that it is not interested in its content and will continue the war until it achieves its own long-term goals aimed at preventing the recurrence of such conflicts.
Iran went on to say "even in the event of the USA and Israel's withdrawal, Iran will continue its actions until its goals are fully achieved, and any departure of Washington and Tel Aviv does not impose any obligations on Tehran."
Today, we find out from the IDF Chief that Israel "is not even halfway through."
So oil shipments through the strait of Hormuz will remain mostly shut down as will natural gas shipments. Moreover, with the CEO of QatarEnergy announcing today that the damage to liquified natural gas production facilities in that country will take 3 to 5 YEARS to repair" (Story Here) the entire planet now faces a very long term shortage of LNG.
As a result of the oil flow stoppage and destruction of a large portion of LNG production, ENERGY COSTS for the world have risen and will continue to rise.
Since all modes of Commerce require energy (Electricity, natural gas, Diesel fuel for trucking, and gasoline) ALL COMMERCE will be adversely affected and some of it may actually be forced to CEASE.
Certain products and services can simply not absorb staggering increases in energy costs. They cannot simply pass along the cost in price increases because consumers simply cannot afford staggering prices for everything. As such, commerce itself will face "demand destruction" because consumers can no longer buy.
This will force numerous corporations out of business, laying off hundreds-of-thousands of employees as this year goes on . . . . maybe even millions of employees.
As the downturn in commerce has its economic effects, (jobless people can't buy things) more and more companies will be forced to close. It will be a vicious circle.
There is no way to fix this in a timeframe to avoid global, economic, collapse. The damage is done.
As consumers lose their jobs, banks will no longer be paid on residential Mortgage Loans or credit card debts. Commercial real estate Mortgages will go under as companies close.
These realities will force Banks to go under.
This is why for the past few days, the Stock Markets have gone down, while strangely, the prices of Gold and Silver have also gone down. Even Crypto is going lower. The reason: People are CASHING out. They are taking cash money to hold with the hope they can get through.
Many are paying off as much debt as they can, knowing that the window for actually earning money to actually pay those debts, is now closing.
Those who have real assets that are debt free, have a chance to make it through. Those who don't . . . . don't.
Hal Turner Opinion
The World Economic Forum touted a "Great Reset." In my view, this is how it's being achieved: the intentional destruction of world commerce, by deliberate war that didn't have to be.
I believe the WEF had a slogan: "You will own nothing and be happy."
It is my belief this is how the powers-that-be intend to achieve that.
