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🇺🇸 🇮🇷 🇪🇺 The next Iran escalation could trigger a financial crisis in Europe. | Mario Nawfal
I spoke with economist Philip Pilkington about what another major round of U.S. strikes on Iran could mean for the global economy.
His concern isn't just oil reaching $120 or $125 a barrel.
It's what happens when that shock hits countries already struggling with debt, inflation and rising borrowing costs.
Philip believes France could eventually need an ECB bailout, with Britain potentially next. And he fears the fallout could spread into U.S. Treasury markets.
But I challenged him on something.
Foreign holdings of American debt are actually rising, despite China and Japan selling. Doesn't that suggest investors still trust U.S. Treasuries?
Philip thinks that confidence could disappear quickly if European governments are forced to sell assets to defend their own economies.
He also suspects gold is replacing Treasuries as the ultimate safe haven, although he acknowledged that hasn't been proven.
What worries me is how little room governments seem to have left for another major shock.
A war that starts in the Gulf could end up testing the financial foundations of Europe and America.
📎 Mario Nawfal
I spoke with economist Philip Pilkington about what another major round of U.S. strikes on Iran could mean for the global economy.
His concern isn't just oil reaching $120 or $125 a barrel.
It's what happens when that shock hits countries already struggling with debt, inflation and rising borrowing costs.
Philip believes France could eventually need an ECB bailout, with Britain potentially next. And he fears the fallout could spread into U.S. Treasury markets.
But I challenged him on something.
Foreign holdings of American debt are actually rising, despite China and Japan selling. Doesn't that suggest investors still trust U.S. Treasuries?
Philip thinks that confidence could disappear quickly if European governments are forced to sell assets to defend their own economies.
He also suspects gold is replacing Treasuries as the ultimate safe haven, although he acknowledged that hasn't been proven.
What worries me is how little room governments seem to have left for another major shock.
A war that starts in the Gulf could end up testing the financial foundations of Europe and America.
📎 Mario Nawfal
Forwarded from Tabz - Live News (Tabz)
At Prince Sultan Air Base in Saudi Arabia, images show destroyed dining facilities, damaged living quarters, burning aircraft and unfinished protective bunkers.
Sources said an Iranian strike damaged an E-3 Sentry AWACS aircraft and two KC-135 tankers at Prince Sultan, injuring 10–12 personnel. They also noted that a C-17 transport aircraft was destroyed, although that loss remains unverified.
At Jordan's Muwaffaq Salti Air Base, personnel described months of Iranian missile and drone attacks that damaged F-15s, F-35s, MQ-9 drones, helicopters and critical infrastructure. A July 17–18 strike on military barracks killed three American service members and forced the evacuation of four others.
In Kuwait, troops abandoned sections of Camp Buehring, while personnel in the UAE described digging their own foxholes or sheltering in hotels because of inadequate protection and advance warning.
In Bahrain, military families accused Pentagon leadership of delaying evacuations despite preparations already being in place. Some families reportedly sheltered in parking garages during Iranian attacks, while others spent thousands of dollars arranging their own departures after the airport was damaged.
Across the accounts, service members described poor communication, inadequate supplies, extended deployments and deteriorating morale. Several accused military leadership of failing to prepare for Iranian retaliation or protect personnel and their families.
All photos are from Prince Sultan Air Base in Saudi Arabia.
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Forwarded from Tabz - Live News (Tabz)
“They were taking incoming fire so frequently that the alarms couldn’t keep up,” according to one account.
Witnesses said they heard trapped personnel calling for help from burning buildings following the Iranian strike on July 17-18 but were unable to reach them due to inadequate emergency response and preparation.
Sources also described overcrowded facilities and said the death toll could have been significantly higher, as some troops were unable to reach shelters in time.
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Forwarded from Tabz - Live News (Tabz)
Photos taken in September show a damaged Camp Buehring largely abandoned by American forces.
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/CIG/ Telegram | Counter Intelligence Global
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Netanyahu: "Guys, if you believe that nonsense... Yes, publicly they say that. I don't want to tell you what I'm hearing.
In the Arab world, they care about the Palestinians about as much as you [Israelis] do".
@CIG_telegram
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🔵 James Talarico 48%
🔴 Ken Paxton 43%
Pollfinity - RV - 10/18
https://politixplus.com/race/2026-texas-senate-paxton-vs-talarico
📎 Political Polls
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🔵 Gina Hinojosa 46%
🔴 Greg Abbott (Inc) 45%
Pollfinity (C-) - RV - 10/18
📎 Political Polls
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