First published at 08:22 UTC on December 3rd, 2023.
Bob Moriarty believes that there is a significant conflict between the debt-based system of countries like the UK and the US, and the resource-based system of the BRICS and global South countries. He believes this conflict started with the NATO atta…
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Bob Moriarty believes that there is a significant conflict between the debt-based system of countries like the UK and the US, and the resource-based system of the BRICS and global South countries. He believes this conflict started with the NATO attack on Russia and can be seen in the ongoing conflicts in Gaza and Israel. He questions the motives behind NATO using aircraft carriers to threaten Gaza instead of other countries like Iran or Syria. He also expresses concerns that this conflict could escalate into World War III, with smaller players in the Middle East having an oversized impact due to their control over key strategic areas like the Red Sea.
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Bob believes that nobody ever truly wins in a war and hopes for a peaceful solution. He sees parallels between the UK's long-term rationing following WWII and fears that a similar circumstance could lead to another world war, especially considering the number of international players and incentives surrounding the Suez Canal area. He claims that Israel and the US want a "final solution" for Palestine, not unlike the US-led destruction of Iraq which resulted in millions of refugees.
Bob expresses deep concerns about the possibility of banks closing and the chaos that could follow. He believes that if the Arabs were to turn off the oil supply, the world would experience a cold winter. He also discusses the Fed's decision to raise interest rates in an unprecedented way and suggests that it has destroyed the value of bonds and caused banks to take on extreme debt.
Bob suggests that UBS Bank in Switzerland has been refusing to pay back depositors, indicating a broader liquidity crisis in the banking system. He believes that there is a lack of hedging and risk-management in regards to derivative instruments, which has pushed the system closer to crisis.
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