Get Ready for Tariff War 2 or World War 3
This brief essay serves as a reminder, for the new year. As we enter 2025, both geopolitics and global economics are displaying some profound changes. The Ukraine war, the fall of Assad’s government in Syria, and the ongoing civil wars in Burma (aka Myanmar), Yemen, Sudan, South Sudan, and Ethiopia all have the potential to spill over into wider conflicts. Ditto for potential invasions in Taiwan and South Korea. Meanwhile, the rise of the BRICS trade bloc, the out-of-control U.S. National Debt, global debt as a whole, and the run-up of precious metals prices are all evidence of deep-seated economic …