by Greg Hunter
USA Watchdog
A deadly, out-of-control war in the Middle East became a reality this week. Israel attacked Iran. Iran released a massive counter-attack on Israel. And now, Israel has attacked multiple Iranian targets, including Iran’s nuclear facilities in the center of the country. Where will it stop?
Now, Iran is vowing to attack Israel’s nuke sites. Many have been warning for months about a conflict that could bring on World War III. Is this it? It sure looks like it.
The markets are tanking on war news between Iran and Israel. This is at a time when interest rates are rising. The Fed talked about lowering rates three times this year. This week, they say no rate cuts are coming in 2024 because of high and persistent inflation. Of course, war is a huge driver of inflation, and we are just getting started. Gold and silver look like they have a long way to go on the upside, and stocks and bonds have a long way to go on the downside. Many people will be calling their broker and getting a busy signal–that’s if the markets are not completely shut down. Many will be caught on the wrong side of this economy because there is no fear to downside risk. The sheeple are going to be getting a huge lesson on managing risk. There is no telling where this will go, but a crashing economy is definitely on the table, if war does not kick the table completely over.