President Trump's decision to launch a war against Iran is beginning to unleash shocks to the global economy, which threaten to spiral out of control. Higher energy costs are the immediate consequence, which will bring inflation, while the increased spending for war drains credit away from the physical economy. By shifting credit away from physical goods production to wasteful militarization is a prescription for disaster. Is anyone paying attention? Helga Zepp-LaRouche warned that we are moving toward a global tragedy beyond any we have ever experienced. Instead of war, the times call for a shift to a new paradigm.
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