March, 19-21: God is a comedian

A stiff drink is recommended

Gold and Geopolitics

It's a collection of indeed ironic events. I haven't read closely enough to see how many I agree with, but some good points for sure.

But what is really not funny is the scale of human suffering that is happening and will follow. Civilians killed in Iran, Lebanon - and what the hell, even in Israel, maybe they aren't in the 90% who support this war. Completely pointless material damage. All the people in Tehran who will get cancer from breathing in crude oil fumes - and according to Trump himself, 85% of Iranians oppose the regime. The damage to GCC economies, who didn't want this to happen. The damage to global economy from the spiking oil prices, unpredictability - and the very real poverty this will push people into. The weakening of arsenals against other adversaries, including Ukraine's defence against Russia. The boost to Russia's budget from spiking oil prices and indefinite-looking suspension of sanctions.

And all this assuming this doesn't turn into WWIII.

So on balance, not funny I think.

> And all this assuming this doesn't turn into WWIII.

If Trump is truely insane and his plan "to bomb the living shit out of Iran's energy infrastructure" includes the Bushehr NPP, mainly operated by Russian nuclear scientists and engineers, the world will likely face even bigger problems than they are facing now.

https://en.wikipedia.org/wiki/Bushehr_Nuclear_Power_Plant

Bushehr Nuclear Power Plant - Wikipedia