Whom to blame for global economic disaster

[Fragrance1122]

Trump is indicating towards Ukraine and Russia for price increase while he doesn't See's others perspective about him and he even doesn't know that he is blaming others on one finger while the rest 4 are pointing out towards him. The corrupt government are blaming Iran and US for instability just like ours who are increasing the price of basic necessities day by day because oil prices are going up.

The street movement in Pakistan is making it more difficult for the people especially for labour class. Traders are also worried with the current scenario and they want to shut down everything in a day or two. The military are calling civilians terrorists whom are taking part in protest against the government and other mafias. The oppressors are targeting oppressed. The religion is divided into sects and the people are divided into parties.

 Elites are taking advantages and then move to developed nations after being parasites for so many years. The revolution wouldn't take place because people are being compressed and blackmailed via targeting their families or catching their other weaknesses. Those who speaks loud are made silent. Whom to blame and where to go ?

[_act_]

I think Trump contributed up to 80% to the increase in the price of crude oil if that is what you want this thread to be about which is the cause of inflation that all countries are experiencing right now.

Ukraine is bombing Russia crude oil facilities like refineries. It will be one of the reasons the price increased more.

According to some reports, traffic in Strait of Hormuz has returned to almost normal which is about 80% of the pre war period, and even the oil leaving the West Asia per day is a bit more than the pre war period. But the way the oil is shipped through the Strait of Hormuz is not still normal.

United States is helping some oil tanks.

Some are passes through the Saudi Arabia pipelines.

Some use small tanks to pass through the strait and offload their oil into a big oil ship after passing through the strait. This accounts for about 70% of the of how oil leave through the strait.

The last is that there is a report that some ships are paying Iran for safe passing.

More money are paid to sailors, more money are paid to tankers and more money are paid to insurance companies. Only about 3% of oil market price is the fees paid for services for oil passing through Strait of Hormuz before the war began, but today it is up to 27% which make the price of oil to remain high. Iran is happy with that because they want to use oil price to make United States not to proceed with the war.

You are right that the fight in Iran is the major cause.

[BIT-BENDER]

Trump is indicating towards Ukraine and Russia for price increase while he doesn't See's others perspective about him and he even doesn't know that he is blaming others on one finger while the rest 4 are pointing out towards him. The corrupt government are blaming Iran and US for instability just like ours who are increasing the price of basic necessities day by day because oil prices are going up.

The street movement in Pakistan is making it more difficult for the people especially for labour class. Traders are also worried with the current scenario and they want to shut down everything in a day or two. The military are calling civilians terrorists whom are taking part in protest against the government and other mafias. The oppressors are targeting oppressed. The religion is divided into sects and the people are divided into parties.

 Elites are taking advantages and then move to developed nations after being parasites for so many years. The revolution wouldn't take place because people are being compressed and blackmailed via targeting their families or catching their other weaknesses. Those who speaks loud are made silent. Whom to blame and where to go ?

If you don't have what it takes to change the world start from where you are, you practically touched on different geographic locations of the world which makes the problem enormous, you are correct.

+ Trump is causing several harms
+ The issues in the middle east is becoming a disaster
+ Europe is also not spared from the problems

The problems goes on, but if your government in a different country and holding the issues of your own country solely on international affairs then they are giving you flimsy excuses, hold them accountable for their own actions.

[Lida93]

3You are right that the fight in Iran is the major cause.

If the fight in Iran is the major cause of the oil price rising then there's probably  no debate about where and who is the cause of it all. since the Ukraine and Russia war started with the full scale invasion from around 2022 we didn't have oil price getting exorbitantly high as it is today.

Maybe if Trump hadn't taken America to the frontline in the Israel and Iran conflict leading to the blockade of the Strait of Hormoz which had oil tanker ships stranded on the sea, causing a major oil distribution shortage across the world which reflected in inc8resing oil prices like never before. and we know that crude oil serves as the foundation of modern economy, when it price rises so does the costs of goods and services, and when this goes on for a longer time than necessary it causes a lot unprecedented policy changes which could affect peoples lives differently.

[_act_]

If the fight in Iran is the major cause of the oil price rising then there's probably  no debate about where and who is the cause of it all. since the Ukraine and Russia war started with the full scale invasion from around 2022 we didn't have oil price getting exorbitantly high as it is today.

In 2022 when the war started, the price of wheat and some products from Ukraine increased, that was because Russia invaded Ukraine. Ukraine was unable to hit Russia oil facilities until this year and it was during the United States war in Iran. That would have contributed, but the major reason for the price increase is the war in Iran.

[cryptomaniac_xxx]

I think it's obvious as who started the war with Iran here. It was Trump and the US and as much as they want to salvage it, not going to happen. Who will forget that what US said that this war is not going to last for a month. And look as where we are right now, the US economy doesn't look good and then the price of crude oil keeps on going up.

Ordinary countries are the most affected here but can't do anything because the man in the White House thought that they can win every battle that they enter and proved to the world that they are superior. But at what cost to most of the countries? Their economy is slumping, record data of inflation rate and God knows what's going to happen next year.

[Uhwuchukwu53]

Looking at the current economic hardship globally, trump can't be exempted as part of the course if we far checked before Iran war the oil price hike wasn't what it's today the rise originated from the war where to control straight of homouz is the order of the day, Russian Ukraine war hard it impact but was not worse as that of Iran make everything worse because it's not just Iran but connecting orders within the middle east that disrupted many shipping and many activities that would have help in stabilizing the economy, blaming Russia and Ukraine without also seen his part to the economic problem is unfair judgement though it's always in human nature to exempt oneself from anything that seems incriminating or unjust even when such personality is seen on that very act.

[pooya87]

Read this topic of mine from last year: https://bitcointalk.org/index.php?topic=5563170.0

In there I explain and predict the future. Basically after the dissolution of USSR the US regime started the unipolar world and started its reign of terror across the globe. With that they managed to grow the Ponzi scheme that is the US economy but that could not last forever.

These years with the rest of the world growing powerful and forming alliances and blocs, the US regime has been slowly but surely. But the more they lose the more aggressive they are going to get.

The regime's plan to keep the unipolar world and keep its reign of terror alive was to destabilize the world. But they also needed to gain control of the world's resources and be able to exert power over strategic routes.
That is why the regime attacked Venezuela and kidnapped their president then installed a sock-puppet there.
This is why the regime attacked Iran.
This is why the regime is attacking Yemen.
This is why the regime is increasing tensions with Canada and Greenland as well as South America.
This is why the regime is committing terrorism through its Takfiri terrorists (including Buku Haram and al-Qaeda) in Africa.
This is why the regime started the tariff war with all countries.
...

Consequences of all this destabilization is global.

[Dunamisx]

Trump is indicating towards Ukraine and Russia for price increase while he doesn't See's others perspective about him and he even doesn't know that he is blaming others on one finger while the rest 4 are pointing out towards him. The corrupt government are blaming Iran and US for instability just like ours who are increasing the price of basic necessities day by day because oil prices are going up.

These are the things discovered with some government and the overall oil market price, when everyone is trying to shift blame from their side to the other end, the fact that everyone is mostly involved in this situation, be it directly or indirectly.

You may not have a perfectly running economy, but there is a way the entire world could still afford to manage one without causing an imbalance to orderly economic activities, and other countries are being affected by their own policies or decisions.

Everyone is involved in this, and that is why not only the US must take action; running a perfect economy without affecting the masses is what every individual has a resmakeponsibility rule to play, is when we totally deviate from being dependent on their oil and go renewable with our energy sources.

[Alonso_]

World leaders are to be blame, most especially Vladimir Putin and Donald Trump have contributed to the economic crisis that the World is facing right now, when you look closely and analyze the War between United States of America and Iran, and also Israel is involved in all of this, we know Oil to be a very important factor in the World Economy, and the Closure of Straight of Hormuz have been a huge blow to the world economy; vessels that are meant to transport crude oil to different part of the world is stagnant and not moving through the Hormuz Straight which is a major blow to the world economy, destruction of oil pipelines this are things that I feel have been very big problems in the World economy, every country in the world seems to be affected in one way or the other, when this things are happening and the wars happening all over the world, you also hear about Saudi Arabia and the Yemen Houthis, I feel all of this things have been happening for long now when Russia started the War with Ukraine, World Leaders are to blame for everything that is happening now, Trump and Putin is to blame for what is happening now, nobody seems to be interested in stopping all this War.

[bakasabo]

We can run into deep philosophical discussion and blame everyone for global economic disaster. Some people we would blame for starting wars or shaking worlds economy (as well as those who have allowed them to be on positions they are now). Other people we could blame for letting all that to happen by being passive and doing nothing. Partly, everyone are responsible for taking active and passive actions towards changes in economy.

[Ishicryptic]

If you read through the OP thoroughly you will agree that it is our leaders that are the problems and to be blamed majorly for these global economic disasters, the common man on the street don't have a say when it comes to formulating policies in any country. Either it's Trump, Putin or any leaders that are on the forefront of these wars that are affecting the price of crude oil which it's effect is making goods in the markets to be skyrocketing, as long as these leaders don't come to agreements to end these wars I think that we shouldn't be too uptimistic about a stable global economic stability.

Sometimes I wonder if some of these leaders have the interest of peace and stability when they push for wars, instead they want to propagate selfish ideas which will hit resistance and a war will breakout. It is easy to start a fight than to end it, when these big elephants fight it is the ordinary citizens who are like the grass that will suffer the most.

[Majestic-milf]

We can run into deep philosophical discussion and blame everyone for global economic disaster. Some people we would blame for starting wars or shaking worlds economy (as well as those who have allowed them to be on positions they are now). Other people we could blame for letting all that to happen by being passive and doing nothing. Partly, everyone are responsible for taking active and passive actions towards changes in economy.

This is true. We tend to blame world leaders cause they call the shots and are in charge of making decisions that should push the economy forward but at the same time, it's those who elect them too that should also be held accountable. Instead of pushing blame, why not focus on things to do to stop such self centered leaders from having access to power. Although that is a very difficult task to achieve being that there is corruption and the rest, but I still feel we can get the change we want to see if we stopped being passive and less concerned.

[sunsilk]

Whom to blame and where to go ?

No need to say any other name because we know who started it all. The war has been triggered by Trump and Israel.

They thought that they'll be able to beat and make Iran suffer and surrender. But, I guess that they haven't anticipated that it's standing firm and is not willing to surrender.

USA might have been successful in the taking over of Venezuela's oil but with Iran, they're having a hard time and we're all paying for its impact due to the increase of oil price for closing that Strait.