Correct. Check out my work on Global System Rupture to make yourself familiar with what has been evolving for the last 7 weeks.
This fourth systemic risk-driven global crisis is an outcome of unanticipated consequences of Hormiz & destruction of energy infrastructure in the Gulf.

Art Berman @aeberman12

There's nothing new in @TheEconomist report @glcarlstrom

The energy crisis from Hormuz flow interruption is catastrophic for the world economy

@ericnuttall @Rory_Johnston @vtchakarova Jeff Currie & I have been saying this for 7 weeks

People are in a dire need of someone to always tell them what and how to feel because of escapism. They don’t want to face the world outside; they need someone to construct it for them.

The US, China and Russia are the short-term gainers from the conflict. But they will also face long-term cascading effects from a global system rupture following the systemic risk-driven global crisis.
Inflation, surging household prices, fiscal burden. There’s no escape from it.

No, I’m not. I’m strategic foresight expert and geopolitical strategist. People, who don’t like the message, want to shoot the messenger.