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

In the middle east us and their relative country gradually aggressive scenery. last week they have attack in Syria and Iraq 85 Iranian-backed targets. baiden said this is the beginning. more attack will be running against terrorism. This increased the risk of further escalation of tensions across the heated Middle East over the Gaza war. A drone strike in us military camp in Syria last 05 february-2024 there ware at least 6 kurdis fighter have been killed. as a assumption it's done the related of Iran fighter group.
At a stage the situation of according to middle east and their people going to a economic crisis. The powerful country usa are used their power to protect Israel.
On the other hand the us dollar hit it's highest level in last eight weeks. The dollar rise in global financial markets on expectations that the federal reserve would cut interest rates but that would not happen.

I think you are a good man, I didn't want to distract this thread with rhetoric, I apologize. However, I also want to say that I don't know according to which center the so-called middle east is east or middle. The Eurocentric point of view does not suit me (pooya87 explained it very well, https://bitcointalksearch.org/topic/m.63612862, I think the word barbarian is not nice, I would like to say that especially). I agree with the idea of the north pole and the south pole in correlate to the north pole, but I think that the conceptualization of east and west for a specific purpose leads us to make wrong assessments. By the way, your approach reminds me of Ibn Khaldun who tried to explain societies with environmental factors by evaluating them together with land conditions and climatic conditions.

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There is the state of Israel, which pursues expansionist policies in the region. That is a big problem, but there are also dictators who have enslaved their own people and they are a bigger problem. Peace will not come out of this, war will come out. It will always be difficult to trade, economy, live and even breathe in this region for the next 50 years.

Armed forces of Yemen have been only targeting any ship belonging to the apartheid regime of Israel or any ship that is heading for them to help them continue committing genocide in Palestine. The coalition of terror (which is mainly US and UK) that support genocide, tried deterring Yemeni forces by launching a small attack on cities and civilian structures in Yemen. But the only thing that it achieved was adding their names to the list of legitimate targets which is why US and UK ships are being attacked on a daily basis while every other ship passes the Yemeni territorial waters in complete security.

Houthi rebels have been attacking military and commercial ships in the Red Sea and Gulf of Aden since November last year. The Houthis say the attack was carried out in protest against the Israeli attack on Gaza and in solidarity with the Palestinians.
03 Saturday-2024 The United States and the United Kingdom launched a joint attack on 36 Houthi targets in Yemen. The next day the US launched a solo attack on rebels targets.
The attack has forced the world's major shipping companies to avoid the vital sea route affecting international trade.

Bitcoin cannot prevent war, but bitcoin can protect our wealth by investing in bitcoin because bitcoin is the money of the future and can withstand all the turmoil of the uncertain global economy.

Moreover, the war in the Middle East has had a huge impact on the global economy and the most recent conflict involving America and Britain with the country of Yemen in the Red Sea certainly has the potential to have a serious impact on the world economy. If the Houthi war in the Red Sea is prolonged it will have an impact on the world economy, not only impacting logistics, but also having a broad impact on shipping costs. This will have an impact on the entire world because it relies on international shipping lanes for export and import activities.

So this uncertainty can produce global level inflation which will later trigger an increase in commodity prices and of course will put pressure on the global economy. So in conclusion, as the OP said, to anticipate this chaos, we must invest in bitcoin to save our assets from the threat of inflation.

Middle East is highly volatile in its political situation today and also in the past. This is the busy trade route between asia and western countries so whoever controls this part can profit from the trade. This tension in the middle east can escalate further due to the Western interests aligning with Israel and their ally. Countries like kingdom of saudi, UAE, dubai haven't been affected much due to their not being a part of the direct conflict in the region so the only one suffering is the one who already fought the war.

Literally speaking, Bitcoin cannot help in the war that is going on in that country right now. But if the affected people, where there is a war going on, have bitcoin holdings and other cryptocurrency assets that have market potential in their hardware wallets, it can help their individual holders.

But in a country's war itself, Bitcoin can't do anything to stop it, in my opinion, because it's a digital currency that has nothing to do with war.

That's exactly why when the barbarians started moving out they headed to both Africa and West Asia for the vast resources in these two regions, and haven't gone out of most of it (kicked out from some and are being kicked out from more these days).

Also the reason why the wrong term "Middle East" was invented which means the combination of West Asia and North Africa, aka the main colonizing destination.

The name of the war will definitely have a very big bad impact on all countries that have a relationship, and yes this is not only about countries in conflict, those that do not have conflicts will also be affected such as access to the distribution of goods or international trade and other cooperation outside the country that has the conflict, and the economy will weaken and become a mess because various countries will have great difficulty getting their needs to meet the needs in their countries for both importers and exporters.

Moreover, some countries that are in different camps or cooperation units or whatever it is will definitely be responded to by their friendly countries and if there is a war it will be responded to by their friendly countries and this will continue to grow, the conflict in the middle east continues and takes turns, if left this will be a bad thing for the future, even the UN itself cannot stop the fighting that occurs, such as for example Ukraine and Russia, Israel and Palestine and also others who are in conflict tension at this time, this will harm the world economy and may trigger a major war on the future.

It will for sure affect not just the two countries that are in the war but also other countries or neighbouring countries and also the world. I'm sure someone here discussed some of the effects of war in the world, and of course it could be bad and the effect will not be good as one of the main impacts of it is on the economies of both countries and their citizens. They are the ones that will be greatly affected; many lives can be taken and many businesses can go bankrupt. In this chaos, no matter what they do, there will be no winner; they are both losers as they lost something. Sad reality: no matter what talk or discussion, the conflict could never end. This is not the only war that could possibly happen. And if this continues all over the world, then I don't know what will happen in this world.

The East does not have many of the needed resources, those you find plentiful in Africa,

Chaos in West Asia in the form you are talking about has only existed over the past roughly 200 years. Not any longer. The ancient civilizations in the region have had their wars for thousands of years but it has never been close to the chaos in the past 200 years, it was just normal wars that are found in all human history.

But basically the chaos in its current form started by the time when resource starved Western Barbarians started their colonizing campaign and started moving eastward, roughly 200 years ago.

The current situation really makes me feel sad. I think the condition has not improved at all. Even though I hope there is a coalition that can stop this war and make the world peaceful again. That's why a cold war is much better than a direct war. Now the world economy is becoming increasingly threatened. The impact for some countries that are far from the conflict may not be so pronounced, but for countries that are close to the conflict and which are the point of conflict, of course the ones who suffer the most. The economy there could be destroyed if this continues.

I'm even starting to think about the long-term impact of everything that's happened recently. Because if all wars do not stop in the near future then increasingly heated conditions could bring more destruction and humanitarian and economic crises will become difficult to avoid.

Considering the overall situation, it is clear that the situation is very bad indeed.  Hyperinflation has occurred in developing countries.  And if this continues, the war may continue.  Although it is certainly not going to tell them what is going to happen in the future.  If the war continues, the situation in the world will worsen.  There should be compromise between developed and developing countries.  I pray that the overall peace of the world will be maintained.  Still there is no telling what the future holds for us.  It is good to be able to buy and hold Bitcoins, but it is also a matter of thinking how many people have that much money.

Yes, I agree with you on this point and I respect your opinions. I completely understand what you want to say. Yes, we can say in a way that conflict has become part of the culture of those peoples because they have become accustomed to it since ancient times, not because this is their nature, but because wars and conflicts were imposed on them a long time ago because of the fact that the region The cradle of the first ancient civilizations.

Most people, ancient and modern, love peace and hate wars, but the ambitions of leaders and politicians drag them to what they hate against their will. This has happened since ancient times, and the same thing is happening now. In the past, there were the ambitions of local leaders who wanted influence and expansion, and today there are the ambitions of the United States, the West, and Russia, but the result is the same, as you said, the region has been in constant conflict for thousands of years until today.

I'm not implying that the people in that region love war or are anarchists. All I'm saying is that the region has always struggled to achieve stability and peace. Conflict has always characterized its existence. There must be several factors in play including culture and ethnicity, religion, resources, and so on.

Modern history might point to the greedy imperialists that sowed trouble for the sake of its rich resources. But even before America is born, even before there's The United Kingdom, even before Islam become popular, the region has already undergone terrible conflicts. Chaos in that part of the world didn't just happen during the past decades. It has been on and off for the past centuries or even millennia.

Perhaps it's a factor that civilization started there and while other people in other parts of the world were busy hunting wild boars, Middle Eastern kingdoms and armies were already sophisticated and were already into conquests.

When the nuclear war starts, many people will become victims because of the egos of each large country. The country that triggered the war should be destroyed first, because it is certain that only one person will trigger the war. With that destruction, there will be destroying all technology and of course, as has been said, the destroyer of the earth is human greed.

War is harmimg businesses on the war ground only.
War is business, it frees a lot of money in the waring parties countires.

As someone pointed out the countries talking about war are close to being bankrupt.
War sets a reset in motion.

So far things run give it 2 to 5 years and we are at WW3.
WW3 is not 265 countries fighting each other, more like a third. 

We all know who the thieves are, they are showing their loot on TV. But their media however is just more powerful that they painted themselves the purest.
But every corner of the world indeed has its war brewing. It only needs one guy pushing the red button and everyone will also be activating theirs. Once this happens, nukes will fly and we are back to the stone age.

It's not just dire to the economy and oil prices going up. WW3 is going to ruin all. If they are willing to set the world on fire because they can't stand seeing their country lose its power, it wouldn't be a surprise.

They lived in peace for hundreds of years before the imperialist thieves created puppet leaders in those regions to steal the riches of the region. I don't know if violence is part of them, but the theft is part of someone, and please don't insist, I won't tell you who is part of the theft...

The world is going through a chaotic period. The drums of the third world war are being sounded everywhere. The USS Gerald R. Ford aircraft carrier is cruising in the Mediterranean. China is pressuring Taiwan. Russia has entered Ukraine. Fortunately, it is only Middle Easterners who are prone to violence. Everyone can now relax and try to be calm because today is also our lucky day. Thank God we are not Middle Easterners...

If we talk about oil, I would not name the terrorist attack on Israel, and the attempt to ignite a major regional conflict in the oil-producing region, as the main reason for the rise in prices.
This is another act of economic terror from some rogue countries. The first attempts at “oil price terror” began much earlier - in 2022. The international community was able to “stop” this problem, and oil prices decreased and stabilized. Some international terrorists did not like this very much, and they developed a “second series” called “Lighting up the East.” I am sure that we have not yet watched this series to the end, and we will continue to observe new attempts to incite new conflicts, and attempts to drag the closest countries into this war, and first of all, the largest suppliers of oil to the world market. No, no one is saying that, for example, Kuwait or the UAE will go to war. Scenarios will be played out that will be executed by the hands of less intelligent “executors” who can spread terror to the territories of countries that are the main suppliers of oil - for example, attacks on refineries, port hubs, critical infrastructure for oil delivery, etc. There are several countries that are globally dependent on the sale of oil, and which believe that everything is permitted to them, and the world will not react harshly to the chaos that they are trying to create. Plus, there will be a huge amount of information to manipulate the consciousness of the masses, lies, information dumps, and other options to undermine the situation in the world...

Just as oil price going from $80+ down to $76 a couple of weeks ago wasn't a big drop to solve the energy crisis, the rise back up to $80+ was also not a "price soaring" as you put it.
This $4-$5 fluctuation (~5%) is too small to change anything. The price is still too high to solve the energy crisis, and not that high to make it any worse.

Besides, the situation in Middle East West Asia is a very controlled situation that has not yet affected energy routes, energy production or even the producers. It has only affected trade routes for some countries (mainly US and UK) since they attacked Yemen and armed forces of Yemen shut down the sea on these countries as a punishment.

Bitcoin cannot help preventing the wars, but it can help preserve wealth in the time of war. You agree that there will be more ease with moving with your bitcoins than moving with all your properties or with something like gold. Wars are not good because a lot is affected, the general order of things are changed, and the result is felt by many other countries who depend on either of the countries involved for help or support or do business with them. We are already dealing with the effect of some countries having crisis with another, like Russia and Ukraine, with more wars and crisis, there will be a more severe economic blow.

Currently the country's economy is in a period of crisis due to the chaos that is occurring in the Middle East, currently many developed countries are having difficulty facing economic problems and they continue to face the chaos created by countries in the Middle East, and currently Bitcoin is not yet fully the world admits, even though they know the value of bitcoin is fantastic and it is decentralized so changing the current economy is very difficult because the current war continues and we don't know when this will end so that our economy can return to stability.

The world's in a bit of a mess with terrorism, power games and countries battling it out economically. Now with all the drama in the Middle East, oil prices are soaring, messing with the global economy. If things go south, it's not gonna be fun for anyone. Some folks think Bitcoin could be the hero we need like a decentralized currency standing up to inflation. But not everyone's convinced. It's like a gamble that could be a game-changer or just another player in the chaos

For years, the war in the Middle East has continued to rage and there are no signs of peace there, only conditions that are getting hotter between countries, or countries towards separatist groups. The current fact is that the war was deliberately allowed to run the American and European arms industries and several other parties who wanted to profit from this war.

and nothing can be done about this problem, because quite a lot of parties hope that the geo-political conditions in the Middle East are not conducive to increasing their profits. and that includes Bitcoin, it is helpless in the current situation in the Middle East because the use of Bitcoin is limited to digital currency only, it cannot be used as a solution to this problem.

in the midst of conflict between countries the role of Bitcoin is still minimal as a means of cross border payment transactions. Not because they don't understand it but because the country regulations don't have time to deal with the little things. On the scale of 1 decade it is possible that countries involved in conflict that are not trapped between two camps will have to be more careful in continuing to carry out transactions to supply oil, gas, coal and bauxite.

Like the conflict in the Red Sea where the Houthis intercepted almost all passing merchant ships from other countries and gave them the difficult choice of retreating or being shot. Ships carrying oil, gas, coal and bauxite for export to other countries now inevitably have to turn back, which stops trade transactions with foreign countries. the Red Sea in a tense situation between America and the Yemeni Houthi army which is fully supported by Iran because it punishes the US for its involvement in the war in Palestine is a risk for the US to interfere too much in other people affairs. In my opinion piracy is very detrimental to countries that are very dependent on raw materials to carry out production. The longer the conflict in the Red Sea continues, the more resources it will supply oil, gas, coal and bauxite.

It's one of the strategy that some country take chance worship the warrior. After starting of Russia and Ukraine war India and china buying huge quantity of crude oil.Russian liquefied natural gas, Asian prices are in the mid-$20 range per 1 million British thermal per units but China-bound Russian LNG is being traded at a significant discount said some of the reliable agent. Till today they are continue the process and got their profit. International Energy Agency said Russia's revenue from oil exports between January-2022 to April-2022 has climbed 50% on the year.
There have been concerns that refined fuels made from Russian oil are being sold on to the USA and EU. There have been a significant increase in EU imports of diesel and jet fuel from India.

Of course, with the war in the Middle East, many countries in the world will be affected because this war not only has a physical impact, but also has an impact on the global economy. The impact of this war will not only occur in the Middle East, but all countries will be affected because the Middle East is one of the largest exporters of oil and gas. Fuel prices will rise, then inflation will rise, everything will rise, and the economy will become even more gloomy because of the endless war.

In times of uncertain economic conditions like this, investing in bitcoin is a smart choice to protect against inflation during an economic crisis. Apart from being the strongest currency in the world, Bitcoin is also very easy to use for transactions, and of course Bitcoin is the money of freedom.

Bitcoin was created by the technology we have in this age or generation, dude. And the war was not created because of the technology we have. Therefore, bitcoin has nothing to do with whether there is a war going on in another country.

And still, nothing has been reported because of Bitcoin, which stopped a war between two countries. Overall, Bitcoin will not help at all in such a crisis that is happening now in the Middle East anyway.

The things like wars are something even the leaders of participating nations have no control over. And war are not economically bad for every parties involved. There are many nations that benefits with war some having human life losses as collateral damage while others having none. The war between Russia and Ukraine benefits US without any significant loss of human lives, they get to sell their oil and gas at a premium, they pay their own companies to manufacture new equipment for the army while providing older equipment valued at current price without depreciation. And as they contain russian arms manufacturer with the war, US make a large lead ahead of any competitors in arms export. Not just US countries like India and China are earning just by processing and exporting Russian crude while a country as small as Maldives is earning money from US and Russian ships that exchange goods like semiconductors in its port.
A war in Middle east may sound dire at first but many nation's economy is going to get a boost from the conflict.

I do not think that the peoples of that region are anarchists or love war by nature. I do not expect that anyone would like to bring war, devastation, and destruction to his country, and even if there were, they are few and it is not possible to generalize to all peoples.

The peoples of that region are victims of the ambitions of the United States and the West on the one hand, and of Russia and Iran on the other hand, because of their competition for world sovereignty. The fact that that region is rich in oil and underground resources and has a distinctive strategic location in the heart of the world has made it a center for conflicts between world powers thirsty for wealth and influence.

Yes It can't be denied. But in the future we have to be prepared to take it forward. And it is certainly possible. Bitcoin's past performance is a strong predictor of the future.

Actually energy prices (mainly oil and gas) went up because of the NATO-Russian war and then it remained up because that conflict is still going on and the producers in West Asia also kept it up.

Any conflict of the same scale (or even smaller) in West Asia would shoot the price of energy a lot higher than seen before. It won't be going from $40 to $80 and staying around $80 like we've been seeing. It would be oil going to something like $500 to $1000 a barrel.
Because it will not only affect the major oil producers but also affects the trade routes cutting the world supply off.

Unfortunately this is a battle of the old hegemony desperately trying to cling to power which is why US (the old hegemony) continues supporting terrorism across West Asia and Africa, so that they can continue clinging to power and continue their occupation.

The situation is too big and too significant for Bitcoin to be of any help to the situation itself.
However, Bitcoin is still a hedge against the failing economy so it can come in handy.

Bitcoin has been around for more than 15 years now. In technology, 15 years is a very long duration. This means that at any point of time, better technology can replace Bitcoin. Already technologically advanced coins are available in the market, such as Cardano and Solano. But they lags behind Bitcoin in terms of adoption. If Bitcoin was unable to replace SWIFT in the last 15 years, I am not very hopeful that it maybe able to do so in the next 15 years. And at the same time, there is a good chance that Bitcoin may become obsolete in the next few years.

I do agree that it is going to end up with a trouble here and there, which will not be all that acceptable and should be a bit harder to handle. I get it, there are some situations that would be a bit different and yes it is going to be wars after wars, the world is in chaotic situation but we need to try to keep at it.

What does that mean? If the war is not in your nation and if you are not in danger, considering more about wars will not change your financial situation, so you should keep grinding like you should without worrying about wars. You can worry about wars in your free time, regardless of economy, be sad that there are people losing their lives, but when it comes to economic topics then you should just grind like all the same.

Well have a look onto that:
https://www.statista.com/statistics/1398256/swift-transaction-volume/

Swift almost doubled their volume from 2014 to 2024.

Bitcoin transaction should be a Revulation of trading like swift and other popular element all around the world.

I think Bitcoin will be the weakest link in recovering world from financial damage. I mean Bitcoin can not make things right due to it's application right now.

How do you think peeps will keep Bitcoin mining running if the war is underway and electricity stations are getting hampered with it? Moreover think about the situation where miners are getting bombarded with the bombs and their farms getting destroyed because that would be one of the prime target for the government. Some may protect it or some might just wanna destroy it.

I hardly think Bitcoin will continue to prosper like that. During such times money won't be the issue, saving our lives would be prime target.

so that a country's currency remains strong, they need a strong buy back tool, gold is nice but bitcoin is the best at the moment. there are several countries that have made bitcoin one of their countries' strong assets and it is predicted that the impact will make the economies of these countries stronger again, for example argentina.

for everyone, bitcoin is a good asset for maintaining the value of money during inflation, just imagine that currently there are many countries affected by inflation, if they changed their fiat to bitcoin, their assets would maintain their value.

Bitcoin is very helpful in the evasion of sanctions and also in sending donations to warring nations. The reason why people prefers it is because the transaction can completely anonymous if done properly, so supporters and sympathizers of war see it as the perfect currency to send donations to warring nations. For instance, if I want to send a donation to one of two nations having conflict and I don't want my address to be linked to the donation address. What I've to do is to send the Bitcoin to a mixer and use the donation address as my receiver address.

We are at war in any given year.
That the world does not look lies on the beliefs of each in regards to "news"
https://en.wikipedia.org/wiki/Category:Conflicts_in_2023

It's not "another war." This is a continuation of the global plan of the international alliance of terrorists to destabilize and destroy the world community and civilization. Regimes are pariahs - they do not know how to create, live by laws, build friendly relations and respect others. They need terror, instability, grief and destruction, fear and death. If in the 20th century the world community fought against it, by the beginning of the 21st century, they relaxed and decided that "friendly relations" and "pacification" of terrorist countries would solve the problems. As we have seen in the 21st century - no ! World global terrorism has reared its head and is wreaking havoc wherever it can reach. We must realize that if we avoid and run away from solving this problem, we will soon become forced servants of these bastard regimes, and we will have no cryptocurrency.

Right from time memorial, the world has been battling with one situation or the other, it is either from war situations, to inflation, to a breakout of one epidemic or the other. Terrorism has infiltrated the world even to some of us in West Africa, the issue of terrorism has become an unending crisis with no ending in sight.

Bitcoin has a little role to play in this situation because some of these crisis are politically motivated with lot of kickbacks to those that are involved in one way or the other.
 Moreover The oil price in the international market is mostly controlled by influential people that we don't know, the complexity of understanding the oil market in the international scene is not an easy tax.
Underdeveloped or developing countries needs to put their acts together, nobody will come and develop you, you have to develop yourself and control your inflation level within your country.

Oil is no longer a trend in the Middle East, and methods have been invented to extract oil, such as shale oil. There are many countries with abundant oil production, in addition to electric cars and alternative energy solutions. All of these reasons will make a barrel of oil always less than $200, and the inflation resulting from energy prices can be controlled, but its political consequences It is the most dangerous.

You have a rather strange point of view about the terrorist war that Russia started against Ukraine ! Russia is a terrorist country and an aggressor country. Russia destroys Ukrainian peaceful towns and villages, destroys the population, engages in looting, violence, torture, civilians ....
Ukraine is a country that defends its territory and independence and destroys the occupants. It destroys terrorists and objects of the terrorist country.
The world has played the game of tolerance and corruption, now we are paying with our lives for Russia's permissiveness. And until the world destroys terrorism globally, neither bitcoin nor cryptocurrencies in general will help us.

You probably don't quite understand what war is ? It is when you live in a peaceful city, you sleep in your bed with your wife, next to your children, you open your eyes and look at your wife and children with contentment. In the next room is your laptop with wallets and private keys..... And in a minute a missile of C300 type with 150 kilograms of explosives and several thousand striking elements flies into your apartment.... That's what russia has done in my country.
I hope you don't need to explain that after that all your crypto-assets become absolutely nothing....

Terrorism, power plays, and inflation have shattered global financial stability. Superpowers flex their muscles, leaving the poor to suffer, especially in developing countries. Yes, the Middle East (especially with oil) is always an important economic topic. Its volatility shakes global markets.

Bitcoin is more than a currency - it's a symbol of perseverance. Due to its decentralization, it is immune to economic and political turmoil. When oil prices skyrocket and economies stumble, Bitcoin holds steady. Being a "strong" currency isn't enough - you need a stable, global, and vulnerability-proof alternative. It's essential to realize Bitcoin's capacity to alleviate such catastrophes and aid the economy from conflicts and geopolitical tensions.

Sadly, I do not know why wars are happening even though we all can live happily by solving our problems through mutual understanding or cooperating with each other. These boards or government problems will eat away innocent people in the form of war. As we know there are different countries which are facing war Like Russia and Ukraine. They are just showing their power by destroying geographical locations or killing people and I think war is not important best is to solve problems through talks. I mean everyone deserves a happy or peaceful life but those who are terrorists and killing people without any reason do not deserve peace. Armies/government should conduct operations for these terrorists and best to avoid war

Wars are on the rise, and some escalations can happen in the near future. Of course, there's some serious negative impact of wars, mainly for the countries suffering from it. There's some negative impact on global trade, perception of stability, investments into certain regions, etc. And, of course, there are some winners, like countries that sell lots of weapons and companies that produce lots of weapons.
Prices for some things like oil can indeed change, and I agree that Bitcoin is less impacted than physical assets. As for Bitcoin's impact in cases of wars, I agree with Kakmakr.

That region is always chaotic. I'm not sure but sometimes I think it's already cultural. Violence seems to be a central part of that region already. They can't seem to find a way to achieve stability in terms peace, both domestic and international. When you hear Middle Eastern territories like Syria, Iraq, Lebanon, Iran, Yemen, Palestine, you can almost immediately think of disorder and chaos. So whether a new war is brewing, for as long as it isn't a full-blown regional war, it's not anymore a big deal. So it probably doesn't anymore shake the market much.

For those who own Bitcoin, they can convert their Bitcoin to fiat. Then they can move on and buy the things they need. These people will be financially fine because they can survive and even still buy things or meet their living needs.

Bitcoin could become a currency for all countries but that still seems far away. There are still many countries that are not ready to accept Bitcoin. Bitcoin is still an investment so people can sell their Bitcoin to survive.

People can still make money from trading Bitcoin for profits. From the profits, people can get more fiat. From there, they can continue their lives and will not be too affected by inflation in their country.

It won't be dire for the war profiteers though, they're thriving on war and they manufacture these conflicts so they can test and sell their hardwares for something even bigger. Unless we get rid of oil dependency, we're never going to see an end in wars in Middle East to secure oil, that's the only reason why there's war in those countries. I don't know how bitcoin can help though, what the others are suggesting isn't a practice but a theory so it's going to be difficult to say that bitcoin will even have an impact, maybe a discrete was to sell military hardware for both sides?

Since Bitcoin is decentralized, it could help people to engage in financial transactions even when the war has collapsed traditional banking systems. Locals in wartorn nations could still buy goods using Bitcoin from shops that accept the coin. During the early stage of the war in Ukraine, several agencies donated Bitcoin to several NGOs to enable them to help people affected by the war.

Bitcoin could also help to invade sanctions since it could bypass SWIFT. There were reports that some countries sanctioned by NATO and its allies receive funds in the form of Bitcoin and other cryptocurrencies. Bitcoin could also assist fleeing refugees who owns Bitcoin because they can still use this crypto freely in the the country they are seeking refuge.

If the war can be stopped, the world's economic problems can indeed recover quickly. But unfortunately, war seems to be inevitable and is becoming worse and more widespread. And actually the humanitarian and economic conditions this year could really meet a more unfavourable crisis if all this continues. I hope everyone can get back to peace.

Bitcoin can be useful for moving assets or bringing assets from other countries or for someone who wants to get out of a conflict-prone country to a safer country while taking their assets with them. By exchanging their assets into bitcoin and taking them with them.

Kind information when a country under in debt and inflation and government have no money that time bitcoin become a one of the element to survives. If it useless development country did not get important policy like usa. Its not visible money but it brings various kind of oppertunity and open many Door to possibility.

Can you fight with someone using Bitcoin? can you eat Bitcoin? it's not make sense when you're discuss about war and answer Bitcoin will be the solution.

Not everyone have money, not everyone willing to buy Bitcoin, only small circle really own Bitcoin. They can escape or survive if they have a lot Bitcoin since Bitcoin will not able to collapse like banks or business, it's lightweight and you can carry it whenever you go.

In small scale people can survive when they have Bitcoin, while the rest can't.

Bitcoin cannot help to prevent wars, but it can be used as a payment option to fund projects that will help the innocent victims of these wars.

Unfortunate, it can also be used to bypass "restrictions" and sanctions that are placed on the aggressors to force them to stop these wars. (Russia and SWIFT payments)

Donations towards victims can also not be stopped or stolen by the aggressors.  

Over the past few decades, the rise of terrorism around the world and the power and economic competition between developed countries have intensified overall inflation.The way of superpower countries are exercising their power with it, the less developed and developing countries are suffering extremely financially.Those countries suffer from severe inflation. In the past decades, the world has seen several wars and its terrible consequences are known to all.
Oil prices are up due to recent unrest in the Middle East. And oil is one of the tools for the economy of the world.

If this warrior situation is not calm then what is the worst course for the people of the world.
Looking forward to thoughtful feedback. How Bitcoin can help in this case. I think Bitcoin is the strongest currency in the world