America does not yet seem ready to completely end the ongoing conflict in West Asia. Even in the recent meeting of President Donald Trump, no concrete decision could be taken on this. Due to this war, not only the world but also America’s economy is being deeply affected.
According to a recently released report, inflation in America has increased at the fastest pace in three years in the month of April. Rising energy prices have made this worse. The income of common people is decreasing and their spending power is decreasing.
Geopolitical risk advisor Colonel Douglas McGregor (retired) has warned that if US President Donald Trump increases interest rates, the US economy could collapse completely. He said that Trump should face reality and immediately end the ongoing conflict with Iran.
“The war was a mistake”
McGregor said that inflation in America increased from 3.2% to 3.8% in April. By July-August it may reach 5-6%. Normally, interest rates are increased to control inflation, but this time doing so could prove fatal for America. Colonel McGregor said in clear words-
“Trump can’t raise interest rates because that would collapse the entire financial system. He has to accept the reality that attacking Iran was a bad idea. We didn’t realize what we were running into.”
McGregor compared the US attack on Iran to Germany’s attack on the Soviet Union in 1941. He says that Trump has also underestimated the strength of the enemy. Now the situation has become very difficult. He said that Hitler had also underestimated the strength of the enemy, similarly America has also made a mistake in the matter of Iran.
signs of economic crisis
- The disposable income of American families declined for the third consecutive month in April.
- Energy prices are causing rapid inflation.
- Pressure on consumer spending is increasing.
“We are fighting Israel’s battle”
McGregor says that America is currently fighting Israel’s war, which is against its own national interests. He believed that America’s only interest in the Persian Gulf was to maintain oil and commercial traffic. Now this war is harming that objective also.
“Trump is under pressure”
He also mentioned Israel’s strong lobby and international financial influence based in New York-Washington-London. He says that Trump is under pressure from this lobby and is hesitant in publicly announcing the end of the war.
Colonel McGregor said that Trump now has very few options left. If they continue the war, the economy will be badly affected, and if they stop, political pressure will increase. In the present situation, the conflict in West Asia has become a major threat not only to regional stability but also to the global economy.
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