Monday August 19, 2019
The Saudis just learned that some moments in history show their significance as they unfold. Iran shooting down a US Global Hawk stealth drone and President Trump refusing his war-hawk cabinet in retaliating militarily is one of them.
I said then and still maintain that this was a turning point in the history of the world.
Any retaliation by the US would be catastrophic for the world economy. It would unleash a regional conflict on multiple fronts which would not be any kind of controlled theater…Many people misinterpreted these statements, and, indeed the entire article, to mean that Iran could stand up to the US in a direct military conflict and prevail. Nonsense.
… That for all the might of the US military and financial empire, its weaknesses are deep enough that even a relatively weak military and economy like Iran’s can stop it all dead cold because of basic things like geography, logistics and simple human resolve.
War today isn’t just fought with soldiers, bombs, guns and drones. It’s fought in all theatres including the commodities futures and forex markets.