Yesterday’s announcements from the US and Iran about a potential de-escalation of tensions brought optimism back into the market as oil tumbled. Confused about why? Perhaps you missed the actual objectives of this campaign…
The Daily Reckoning Australia
Shock and Aw Shucks
The pound sank into the mud of the Somme and never recovered. By the end of WWI, Britain was deeply in debt. It had to give up India in 1947. And then, in 1956, it was unable to control the Suez Canal.
Edge of Empire
The British empire came to a final, wimpy end in the Suez Crisis of 1956. ‘Allied’ with France and Israel, Britain set out to take back the canal from Egypt. The three allies attacked.
Lions led by Donkeys
It was obvious that the British Empire was in decline. And the Gallipoli campaign helped bring down all three empires — Tsarist Russia, the Ottoman Turks, and the UK.
The Teacher of Life
Bad policies…unnecessary wars…foolish theories — never go away. Like zombies, they rise up in the light of the full moon, and terrorize the world once again.
Beyond Iran: The world needs to reconsider the supply chain
The latest conflict in Iran is threatening the global supply chain. This crisis isn’t new – we’ve experienced something similar in the last six years. Yet we only got here because of past bad decisions, repeated over again.
