War With Iran:
The Effect on
the World Economy

Iran is a long-established country full of civilized and well-educated people.

Whether we appreciate or despise the minority of religious zealots presently in power, we must not forget that most of them are highly educated and have a lot to lose.

Even those Iranians, who are against the present regime, both in Iran and abroad, are becoming increasingly disappointed by the destruction of their country by the USA and the erratic negotiations by what they consider unexperienced, if not unfit negotiation team.

I think that both USA (at its peril) and the Iranians at their benefits have only recently discovered the power Iran can exercise and hold a large part of the world at random with relatively simple and cheap war armament.

As a consequence, the world and in particular Asia now have a huge problem and in the short time energy prices will only go up and up and will take a long time to come down to the old normal if at all.

This will lead to a rather unique supply led and not demand led inflation. The classic tool of higher interest rates will not change much the supply and therefore central banks will at best only make symbolic interest rate increases.

The aforesaid means that enduring and increasing inflation is around the corner.

Gold, platinum, and silver markets

In period of big crisis the prices of gold and silver initially always go down, but after a few months of panic selling, has always risen substantially. My view is that as from today prices may head somewhat more south and thereafter start to rise substantially and possibly even surpass their previous highs.

— THE OBSERVER

We make use of this news press release to bring to your attention the explicit views on gold and silver of Mr Stanley Druckenmiller, the well-known and successful American investor philanthropist which can be found on YouTube.