THE WEALTH OF NATIONSThe world is on fire. For some, it's a tragedy. For others, it's a fire sale. While the Strait of Hormuz chokes, the global economy teeters on the edge of a catastrophic recession, and a spray-tanned American lunatic types in all-caps at 3:00 AM, the architects of the modern world are quietly sipping tea in gold-plated armchairs. Everyone is looking at the bombs. Nobody is looking at the ledger.
When OPEC+ responds to a global energy meltdown with a production increase that wouldn't fill a garden hose, the message is clear: the "noble, peace-loving moderates" of the Gulf aren't trying to save the market. They're squeezing the golden goose until its neck snaps. With the EV revolution charging like a freight train toward the petrodollar's use-by date, the desert kingdoms are playing every side of every war to fund their vanity cities and sovereign wealth funds.
They've given the "enemy" a heads-up, whispered secrets to their "allies, " and turned the suffering of millions into a financial event better than Christmas. In a world of performance-art diplomacy and moral bankruptcy, only one truth remains: You cannot sit at every table and expect no one to notice you've stolen everyone's wallet.
THE WEALTH OF NATIONSThe world is on fire. For some, it's a tragedy. For others, it's a fire sale. While the Strait of Hormuz chokes, the global economy teeters on the edge of a catastrophic recession, and a spray-tanned American lunatic types in all-caps at 3:00 AM, the architects of the modern world are quietly sipping tea in gold-plated armchairs. Everyone is looking at the bombs. Nobody is looking at the ledger.
When OPEC+ responds to a global energy meltdown with a production increase that wouldn't fill a garden hose, the message is clear: the "noble, peace-loving moderates" of the Gulf aren't trying to save the market. They're squeezing the golden goose until its neck snaps. With the EV revolution charging like a freight train toward the petrodollar's use-by date, the desert kingdoms are playing every side of every war to fund their vanity cities and sovereign wealth funds.
They've given the "enemy" a heads-up, whispered secrets to their "allies, " and turned the suffering of millions into a financial event better than Christmas. In a world of performance-art diplomacy and moral bankruptcy, only one truth remains: You cannot sit at every table and expect no one to notice you've stolen everyone's wallet.