Topic: Another war in the Middle East could be dire for the economy (Read 585 times)

What do you want people in a terrorist frenzy and under the constant influence of drugs like Kata, who never did anything for creation, but only destroyed....
In this example, they are great, they help destroy the shadow fleet of the terrorist country Russia, reducing their earnings on the website
Normal countries refuse logistics through this sector, and the friends of the terrorists decided that this process would not affect them... They were mistaken. Let them continue to send tankers - their friends will sink them

China is also responsible for its silence regarding the crimes of Russia and its “friends in global terrorism”, and accordingly, all claims China can have only to its raw materials appendage, Russia

The Houthis appear to be at war with the entire world, indiscriminately attacking civilian ships in the Red Sea. On February 16, they attacked the Panamanian-flagged tanker Pollux, which was carrying Russian crude oil to India, with a missile. The missile hit the left side of the tanker, but did not cause serious damage.
  The tanker Pollux left the Russian port city of Novorossiysk on January 24 and was due to be unloaded in the Indian city of Paradip on February 28. The vessel is owned by Oceanfront Maritime Co, SA.

After the strike, Yemen's Houthis said they would continue to attack ships in the Red Sea in solidarity with Hamas militants.

As you know, this is not the first time the Yemeni Houthis have attacked a tanker with Russian oil. So, on January 12, they already launched a missile attack on a tanker with oil from Russia off the coast of Yemen.

https://m.antikor.com.ua/ru/articles/684495-husity_v_krasnom_more_nanesli_raketnyj_udar_po_tankeru_s_rossijskoj_neftjju

The Houthis' actions are also damaging to China, as the route bypassing the Suez Canal and past the Cape of Good Hope in Africa has led to a 300% increase in shipping costs compared to November 2023. This makes Chinese industry less competitive.

This is such an emphatic way of thinking and what the world needs right now. No matter where you are from, and no matter where a war breaks out, people feel the need to pick sides. Like for example this Ukraine vs Russia thing, why do I have to pick a side? Can't I just want peace without picking a side?

Could I just dream of a world where Ukrainians and Russians living like brothers and sisters? Why do I have to be called a dreamer? Not like I am going to stop the war otherwise, I will not be able to do anything anyway, so if we do nothing, then why not do nothing while wanting the best? Same goes for Palestine and Israel, whatever outcome it happens, however it happens, can't I just want them to all love each other? Why is that too weird for people to dream?

Not just the economy, the ramifications are far and severe in that region, innocent dying, food shortage, political instability.


As to connect it to bitcoin, we don't know, it's very hard to used it in case of war as everyone could still be needing fiat money. But we have seen the effects already, the economy of the world right now is unstable. Securing a lasting peace accord poses a formidable task, necessitating political determination, concessions, and collaborative endeavors from all stakeholders involved. And I don't know if this can be accomplished in short period of time, as we all know that Israel is hell bent on killing every one that is involved on the attack on them.

Oil is indeed, for now, an important resource. But... Oil is not a magic wand that can be waved at will and "bring the whole world to its knees". And there is a perfect example of this, when the embargo on oil in the 70s led to a market crash in the early 80s.
The problem is :
1. You can't force a sale at the price you want.
2. If there is a surplus of oil, there is a question of storing huge amounts of oil.
3. There will always be those who will "cream off" this situation and sell cheaper while others are looking for buyers at a high price.

This was the situation with oil in the late 70s and early 80s. I will not recount, there are a lot of materials that describe in detail what happened and why after the oil market was deliberately restricted and the price was expected to rise, then there was a nearly 4-fold drop in price.

If you think about it another way, there is actually a perverse incentive for countries in the middle east - that produce massive amounts of oil which powers the world - to engage in more conflict in order to raise the price. If you look at a country like Iran for example, they are under economic sanctions which has a heavy impact on their economy and wider earning potential. However they produce some oil, which will sell for higher amounts if they cause the price to go up, so a few attacks here and there can be very beneficial from them without causing too much of a spiraling situation. However looking at it from another point of view, is much of the war like behavior is being driven by religious related reasons and that is unlikely to stop any time soon either.

War might be terrible as whole for humanity, but there plenty of people profiting of it. In case there was no profit in wars then we would have much less of them. Just look at the big profits of armament companies in the last years. Wars are usually terrible for the losing countries and not so bad for the winning countries. The loss of life is terrible, but for the economy there can be positive impacts from war. Inflation is terrible for the consumer, but a nice argument for the companies to increase their price. The Russia Ukraine war was the perfect excuse for so many corporations to increase their prices that weren't even affected by it directly. We had record earnings in the last two years and most stock indices of western countries are performing exceptionally well. With all the crisis going on I would expect the world to do much worse, but the economies are coping well, only the average consumer is struggling heavily.

At least 100 people were killed in an Israeli attack on the southern town of Rafah in the Gaza Strip. Dozens of other people were injured in the incident. Thousands of people are living days without food due to lack of food.The EU has called on the country's allies, including the US, to stop sending arms to Israel. The EU's 27-nation bloc's foreign policy chief Josep Borrell made the call in the wake of many many people being killed in Gaza. Saudi Arabia had previously warned that the Rafah attack would bring disaster for the people of Panestian. Due to this the economic situation of the region is becoming unstable day by day.

The current situation in the Middle East presents a complex and concerning scenario with potential ramifications for the global economy. Understanding the potential impact and exploring various solutions requires a nuanced approach that goes beyond simplistic pronouncements.

The war's impact will likely extend beyond the immediate region, affecting global energy prices, inflation rates, and overall economic stability. The Middle East is a major oil and gas exporter, and disruptions to supply chains could have significant consequences. Therefore, with the decentralized nature and anti-fraud properties of bitcoin, it will become a good choice for storing assets. Bitcoin is also very easy to use for transactions.

It is not just war in "the middle east" honestly, any war anywhere in the world puts the situation at a tough place for the whole world, and that is the problem. We should realize that when two nations fight each other, it is not just those two nations that gets impacted.

Look at Ukraine vs Russia war, that is not in the middle east, but from USA on the far side to Japan on the other side, and many in between, many nations felt the impact on it, could be for giving money to one side, or could be not working with the other side, it has been dealt with. So all in all I have to say that it is going to be a tough situation and we should remember that we are going to end up with something that should focus on what we could do on the long run.

These ongoing attacks US Secretary of State Blinken is visiting the Middle East. He has been visited different time Israel, Egypt and Qatar.

Israel's attacks on Gaza show no sign of stopping. In this situation, international mediators are trying to implement a ceasefire between Hamas and Israel. Blinken is going on this trip to carry out diplomatic activities. According to an investigative report by The Guardian the American media CNN has taken Israel's side in reporting on the Gaza war. It has been accused of allegedly censoring Israeli propaganda about the Gaza war and highlighting the Palestinian position. Such editorial policy has been criticized by the media workers themselves.

In this situation the population of Palestine are going to serious hungry. They have no food to feed their children.
Middle East Crisis

Netanyahu Ask Military for Plans to Evacuate Rafah Where 1.4 Million Are Sheltering.

Who is the legitimate government and armed forces of Yemen then? The people of Yemen who are fighting against the foreign intervention and occupation of their country and have the support of the majority of the Yemeni citizens or The US backed and Saudi installed puppet still occupying the North after the invasion that happens to also supports the genocide in Palestine?

Oh I know the US media mouthpiece CNN that doesn't know the difference between Houthis and Ansarollah calls the first group that goes against US interests "rebels" so I should repeat it like a parrot

The value of a currency can be impacted by a wide range of factors, including geopolitical events like war. During times of conflict, particularly widespread wars that disrupt global trade and stability, currencies can experience significant volatility and depreciation. The uncertainty and instability brought about by war can undermine investor confidence in a currency that leads to its devaluation relative to other currencies and assets. The assertion that only the value of sophisticated weapons produced for war will develop in such conditions oversimplifies the complex economic and social impacts of war. While defense spending may increase during times of conflict, other sectors of the economy can suffer that lead to overall economic stagnation or decline.

Regarding Bitcoin, while it may offer some advantages in terms of decentralization and accessibility, it is not immune to the effects of geopolitical events. The value of Bitcoin, like any other asset, can be influenced by factors such as investor sentiment, regulatory developments, and macroeconomic trends. The idea that conflicts in the Middle East would have limited impact on global currencies overlooks the interconnected nature of the global economy. Instability in one region can have ripple effects that impact markets and currencies worldwide.

The strength of the dollar currency is only based on users and the number of transactions carried out with this currency. But in conditions of world war or whatever war it is, the value of the currency will definitely be greatly disturbed because in conditions like that it will be difficult for anything to develop except only the value of sophisticated weapons produced for use in war.

As for Bitcoin, I don't think it will be that affected by this condition as long as users don't experience problems when saving and using it on any exchange. However, currently the war itself only occurs in the Middle East, which generally does not care much about dollars and Bitcoin, so the impact may only be on the country's own currency.

Armed forces of Yemen:


https://edition.cnn.com/2024/02/01/middleeast/houthi-reputation-red-sea-attacks-gaza-mime-intl/index.html
and
https://www.npr.org/2023/12/05/1217056536/houthis-explainer-red-sea-yemen-saudi-middle-east-israel-gaza

You use the houtis wording, are you identifying with them?

What pleases us about the Houthis is their dense idiocy But we can say thank you to them - Chinese and Russian tankers with Russian oil are being used up, which will only complicate the situation of the terrorist country. We can say = the Houthis are also fighting the Kremlin’s terrorist regime

Kata leaves - in the service of the fight against RASHIZM

if the strongest currency in the world I still believe it is the dollar, fundamentally the dollar is very strong, no one can match it until now, maybe later bitcoin will be able to, but for now I don't think so. If in a war maybe Bitcoin can save the value of the currency of a country that is losing a war, usually after a war inflation is high now, the value of the currency falls, but by switching your assets to Bitcoin maybe the value of your currency won't be destroyed after the war, or it might increase a lot.

I didn't mean it as an insult, it is just descriptive. When you read the history and see how colonizers have slaughtered entire populations, that is the only adjective that comes to mind. They went to Africa and slaughtered Africans, they went to American and nearly wiped out the entire population, they went to Australia and did the same, they went to West Asia and did the same and so on.
Some of this is not ancient history, from the ongoing genocide in Palestine to recent examples like the 1 million Algerians French colonizers killed just because they didn't want to leave Algeria!

Marlin Luanda is a British fuel tanker, I've already explained why British targets are legitimate targets for Armed Forces of Yemen; but regardless of that if your statement here is correct and it was carrying Russian oil, there is a lot more to be concerned about than oil price going up $2

This has been proven since World War II, at that time the war had entered the most terrible decade for the economy of people throughout the world, starvation, murder, robbery and so on, lives such as animal lives were no longer worth a penny.

We know that war is not a good idea to solve human economic welfare, war has an unforgettable impact on the economy, thus, Even though war occurs, at least Bitcoin can have a good impact on the people's economy. The impact of war, of course Bitcoin is useful for trade and investment, Bitcoin has no effect on fiat currencies in countries where there is war, that is the advantage of Bitcoin from an economic perspective.

For the second month in a row, Yemen's Houthis attacked commercial ships in the Red Sea in response to Israel's operation in the Gaza Strip. The United States and its allies are trying to protect shipping and are striking back.

Tensions in the region have already led to a 42% drop in trade over the strategically important Suez Canal.
Despite promises to only target ships associated with Israel and its allies, the attacks quickly became a low-stakes effort. A recent example is the defeat on January 28 of the tanker Marlin Luanda under the flag of the Marshall Islands with Russian oil. After this, oil prices rose by $2, but on January 29 they fell back to less than $77 per barrel.

Since mid-December, the United States, along with nine partner countries, began to respond: shooting down missiles, drones and conducting airstrikes against the Houthis. But so far this has not brought results. Trade through the Suez Canal has dropped by 42% in two months. Container ship traffic fell the most – by 67% on a weekly basis. The transit of bulk carriers and tankers is also being reduced.

The Red Sea is the main route from Asia to Europe, accounting for 12–15% of global trade. The crisis there is forcing shipowners to take an alternative route through the Cape of Good Hope in South Africa. This is a plus of 10–14 days for logistics and increased transportation costs.

Some may think that this is a lesson for those who support Israel. But for now, the losers are countries that derive income from shipping. First of all, Egypt, which lost at least 40% of the fees for passage of the Suez Canal.

https://forbes.ua/ru/svit/dzhin-viyshov-z-plyashki-khusiti-drugiy-misyats-atakuyut-chervone-more-kritichniy-marshrut-dlya-eksportu-ta-importu-z-ukraini-yak- podolati-krizu-31012024-18875