ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile
ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL

@meraykool

CEO, THE LORD'S SONS INC. & THE WEALTH NATION

ID: 334550015

linkhttp://www.facebook.com/omobowoje calendar_today13-07-2011 08:28:07

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ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

Zoom out for a second 👇 Day 13. US-Israel vs. Iran. 4 aircraft lost. ~2,000 people killed. 14 merchant ships attacked. 6 soldiers killed in Iranian strikes. 140 service members wounded. 43,000 American civilians evacuated. And both sides say they are not stopping.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

The families of 6 service members are waiting by their phones right now. CENTCOM asked for "continued patience to provide clarity for the families." Whatever your views on this war, that sentence should stop all of us. Please keep them in your thoughts. 🙏🇺🇸

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

13 days in. 4 aircraft down. A refueling tanker from the Eisenhower era just fell from the sky over Iraq. This war is taking a toll the headlines are not fully capturing. The world needs to be paying closer attention. 🌍

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

Before this war started, oil cost about $67 a barrel. It has now jumped to nearly $95 and crossed $100 in some markets. That is a 42% rise in less than two weeks. Every time oil goes up 10%, global inflation goes up 0.4%. Do the math. Source: IMF/PBS.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

At the pump it looks like this. Before the war, Americans paid $2.98 for a gallon of petrol. Now they are paying $3.58. In California it is already $5.34. And economists say this is just the beginning if the war does not end soon. Source: PBS/AAA.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

The reason prices are spiking is one waterway: the Strait of Hormuz. 20% of the world's oil passes through it every single day. Iran has disrupted that route. Saudi Arabia, Iraq, UAE and Kuwait have had to suspend shipments of 140 million barrels. Source: Al Jazeera.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

This is not just about petrol. Everything you buy travels by truck, plane or ship. All of those run on fuel. When fuel costs go up, the price of food, clothes, electronics and medicine goes up too. The war is coming to your supermarket. Source: Washington Post/CNBC.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

JPMorgan economists warn US inflation could jump from 2.4% to 3% or higher in the coming months because of the oil shock alone. EY-Parthenon chief economist Gregory Daco says March could see the highest monthly inflation rise in four years. Source: PBS.

ᴛᴇ♏ɪᴛᴀƔƠ ♏ᴇʀᴀƔkƠƠL (@meraykool) 's Twitter Profile Photo

Deutsche Bank and Oxford Economics are now raising alarm about stagflation. That is when prices keep going up while the economy slows down and unemployment rises at the same time. The last time this happened badly was the 1970s oil crisis. Source: Fortune.