Former Pentagon adviser: Massive famine and industrial collapse are on the way
Jim Rickards points out:
🔹 The Strait of Hormuz has been closed for 56 days. About 20% of the world's energy and oil, as well as a large percentage of liquefied natural gas, pass through this waterway.
🔹 When the war against Iran began on February 28, tankers were heading to South Korea, Japan, Australia, New Zealand, Malaysia, and India. I called this situation a "floating oil pipeline". Now, this oil pipeline has fallen to zero.
🔹 For the countries of the global south, the crisis is deeper. They are largely dependent on nitrates from the Persian Gulf for fertilization.
🔹 It's now the sowing season. If you can't fertilize the fields, you can't even plant crops. In addition to industrial collapse, we will also witness massive famine..