Alternative Visions - The Costs of Losing the Iran War

About this episode

The episode discusses the economic implications of potential military actions against Iran and the instability in the US credit market.

Trump's talk to the nation this week he promised to destroy Iran's civilian infrastructure next two weeks and blast them 'back to the stone age'. Oil and stock markets plummeted. Direct costs per day continued past $70 billion. Will he go 'TACO' or send US troops into a ground war? Either way, the broader economic costs will almost certainly push the US, and possibly, global economy into recession. Today's show explains why. Simultaneously shadow banks in US slide toward instability as the private credit market instability worsens.

People in this episode

Host: Progressive Radio Network

Topics covered

• Iran War
• economic costs
• US troops
• recession
• shadow banking
• credit market instability

Keywords

• Iran War
• Trump
• economic recession
• shadow banks
• credit market
• military action
• oil markets

Mentioned in this episode

Organizations: shadow banks

Places: Iran, US, global

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