The global economy faces a 'perfect storm' of interconnected crises: potential closure of the Strait of Hormuz could reduce oil supply by 40-50%, triggering worldwide economic collapse; simultaneously, multiple financial bubbles (AI stocks, commercial real estate, private credit, bond markets) are collapsing simultaneously, creating systemic risk. The US dollar's status as world reserve currency is deteriorating, and the banking system shows signs of 2007-style failures. These converging crises create a scenario where economic collapse could occur within months, requiring individuals to take personal responsibility for survival through education, preparation, and self-reliance rather than government dependence.
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"Almost Certain" Attack Over Weekend, NO CEASEFIRE | Bob Moriarty forecastsAñadido:
We have the perfect storm and frankly I I don't believe the US can survive.
There is no ceasefire. There will be no ceasefire and almost certainly there will be an attack over the weekend.
>> Hey everyone, this is Elijah K. Johnson with Liberty and Finance and back with us today is Bob Morardi. Bob, thank you so much for joining us today. I I would love to say it's a pleasure and I'm not sure that's true. There's a lot to talk about today and a lot of it quite concerning. I did want to discuss first and foremost the war with Iran and the straight of Hormuse because you've talked about how um the US is committing financial suicide right now by draining its petroleum reserves and um I guess we can start with that. How how is the US going to survive with everything going on right now? Okay, strange enough there is a piece today by the senior vice president of Exxon and he said what it's happening it's catastrophic and we are selling off our reserves in SPR at below market rates illegally to manipulate the price of oil and every interview I've done everybody said well Bob, can you explain to me why this so dangerous? But the price of oil has moved up and it's being manipulated and that's going to end shortly. Now, one thing that I have pointed out every single time, and nobody else does it, every single day the straight is closed, the situation gets worse.
>> Certainly, and you've talked about that if the street of Hermuz is closed for much longer, it could be a disaster. But if it is closed for significantly longer, like say through December, this would really be the end of the world's economy. Can you expand on that?
>> Well, our entire economy runs on energy.
If you take a curve of energy production from 1859 when oil was discovered in Pennsylvania and population, you will realize the curves are exactly the same. If you decrease energy production by 13%.
You also are going to reduce population by 13% at some point. The best quotes that I've heard is if the straits are closed through June, it's a crisis. And if the straits are closed through September, it's a catastrophe. And I will tell you, manipulating the price of oil to keep it down is going to make it significantly worse because people are out consuming oil, not realizing it's not being replenished. And and here's the key. if and and you and I were talking about it off camera. There is a meeting going on in this situation room right now where Donald Trump is talking about whether he has an agreement with Iran or not.
If the straight of hormones which open tomorrow, it would still be 2 to 3 months before it would have effect.
We have hard times coming. There is going to be famine in many countries.
There is going to be a crisis in the EU because it's going to take many more months to replenish the natural gas supply. So, we have the perfect storm and frankly I I don't believe the US can survive. We'll get into that. Why we should talk about what's happening.
You mentioned how the US can't survive.
I mean there are a lot of crises uh coming to a head right now. But if we just look at the Iran conflict as you mentioned the petroleum uh reserve is getting depleted and people are again they're not not witnessing the full effect of the oil shortage and it isn't causing immense scarcity for that reason. Um but as you mentioned it's just going to get much worse from here.
Can you expand on what you see going forward for the US?
>> Well, that said exactly, but let me explain something and understanding what's happening in the war. It was vital. There are three main players and there's half a dozen minor players.
You've got Israel.
Israel laid out the plans for attacking Iran 40 years ago. It has nothing to do with Iran's ballistic missile program.
It has nothing to do with their nuclear program. It has to do with Iran standing in the way of Israel controlling the entire Middle East. So, Israel started the war. They also dragged the United States into the war. And understand, it's not America's war. Iran didn't threaten us. Iran has no particular problem with us from a geopolitical point of view. And uh why we would allow ourself to be dragged into a war that's absolutely against our self-interest is insane.
My opinion, and I want to put that in big quotation marks, my opinion is we know BB Netanyahu has the Epstein files.
We know Donald Trump is mentioned 38,000 times. He wits Epstein's best buddy.
We know Donald Trump absolutely does not want the Epstein files released. Now, in my opinion, he's been blackmailed. It's the only explanation. Why would Donald Trump do something that is so contrary to the interests of the United States?
And the answer is he's doing because he's blackmail. Now, we're going to see today, and this gives me an opportunity to make a prediction. And we talked about Israel. We talked about the United States. Let's talk about Iran. What is Iran's interest in this war? And it's so simple, people can't understand it. They want to survive because they know Israel intends to turn them into a failed state.
They did it with Lebanon. They did it with Syria. They did it with Gaza.
They're doing it to the West Bank. They did it to uh Libya. They did it to Somalia. They did it to Sudan. And all of the time, Israel was creating these failed states. They were pretending they were the victims. They were not the victims. Iran is the victim. Iran's a country of 92 million people and Iran's only interest is in surviving. So you got Israel that wants to destroy I and you got the United States is being blackmailed into paying for it. And then you got Iran that doesn't want to be destroyed from a military point of view.
And you know my background the military.
I was in the Marine Corps for six years.
I spent 20 months in combat. I flew over 800 missions of combat. From a military point of view alone, Iran won the war in the first 30 minutes because they were attacked by surprise and it took them 30 minutes to respond, which means they were prepared. So, let's talk about what's happening today.
As of right now, CNN and the mainstream media is saying there's a deal in the works and it's just waiting for signature.
Now, if I'm correct and if Israel intends to destroy Iran and if I'm correct and Iran intends to defend itself, we're not going to have a deal.
Okay? In some situations, Donald Trump is not only goofy, he's gone off the rails. He came out with a document a few dates ago and he said this is a demand. It is mandatory that Saudi Arabia, the six Gulf states, Turkey, Pakistan and Egypt dying in the Abraham courts. Well, Turkey is threatening Israel already with military action because of what they're doing in Syria.
Saudi Arabia and Egypt and Turkey and Lebanon and Syri and Jordan are all threatened by the Greater Israel project which consumes part of their country. So the idea that somehow they're going to bend over and hand their sovereignty to Israel is just not going to happen. It's not going to happen in my lifetime. And when Trump announces his fish dance later today, the price of oil is going to shoot up. There is no ceasefire.
There will be no ceasefire. Trump is doing his fish dance. He's going to flip-flop and almost certainly there will be an attack over the weekend. Um are are you familiar with the time frame on Hajj HJ?
It's a religious uh thing in the Muslim religion. They're required once in their lifetime to go to Mecca and observe the the Muslim traditions.
And that brought in I think 3 and a half million tourists to Saudi Arabia and it ends today. it it would be very bad form for the United States to attack Iran's infrastructure because Iran has said if their infrastructure is attacked they will attack the infrastructure of the Gulf and if that happens I it's over for the economic period this has the potential well it's not the potential this is simply the most dangerous time in my entire life at this weekend could be catastrophic and I don't think there's a chance in hell they will be any kind of an agreement because Iran understands the the US lies about everything. So why should Iran believe the United States today? In June, they attacked right in the middle of negotiations.
In February, they attacked right in the middle of negotiations. The first thing they did is try to kill the supreme leader and his entire staff. And they did accomplish that. And there were something like 900 attacks on the first day. So, it was a a disaster for Iran.
But Iran was prepared then, they're prepared now. And if Donald Trump wants to flip-flop one more time, it it it's going to be the biggest mistake in US history, perhaps world history. We can end the world economy just by reducing the flow of oil by 40 or 50%.
>> And look, yeah, we are recording this on May 29th. uh you know about 12:00 p.m.
Eastern here. Um and yeah, I mean just looking at you know Trump's post on truth social, you know, what are the demands he needs uh that Iran must agree to that they will never have a nuclear uh weapon that the stray of horm open immediately no tolls unrestricted shipping traffic uh in both directions and some other but I mean those alone I'm like this is not going to happen um that yeah I mean I don't see any way >> let me point something out that nobody else That was the credentials to point out.
Uh BB Netanyahu has been claiming for 40 years that Iran was on the verge of having the ability to produce a nuclear weapon.
Iran does not need a nuclear weapon.
They've got something a lot more powerful than the nuclear weapon.
Donald Trump has no cards.
They have all the cards and they have a straight and as long as they control the straight, they don't need a nuclear weapon. Now, when someone wants to con you, and I've said this in two of my books, they tell you something that is true, but it's meaningless at the same time. Were you aware that the New York Public Library contains enough uranium to make an atom bomb?
>> No, I was not.
>> Made of granite.
Granite contain uranium.
So if you took the total volume of the New York Public Library, that's a big library. And you said how much uranium is there? There is enough uranium in that granite to produce a nuclear bomb.
But of course, because of the cost and involved, you would never dream of doing it. It would be a ridiculous way of doing it. So, it's true to say that you could make an atom bomb out of the New York Public Library, but it's also absolutely meaningless. Now I did want to focus on how it seems like not only the Iran crisis, this crisis with oil is coinciding but it's coinciding with other crises as well. You have talked about the AI bubble at the moment with the stock market just you know in the last month or so uh rising historically high and faster than really any other time uh in in recent history here. Um, but you're saying that the cracks are appearing in the AI bubble and that this could be catastrophic for the financial system. Can you expand on that?
>> Well, it's just one of five or six different things, all of which are critical.
The Japanese bond market blew up 6 months ago. that required the uh Japanese yen carry trade to be unwound and it's been unwound since then and the US bond market is blowing up right now.
Uh I I I don't have the list and I wish I was prepared for this because I read something today. There's half a dozen countries uh China, Japan, Philippines, Thailand uh are all selling US bonds and certainly we know the six GCC countries are selling bonds because they need the money. So we we can safely presume that that interest rates have gone up in the United States and they're going to go up more. The private credit bubble has blown up. Commercial real estate has blown up. You just pointed out that a very tiny segment of the stock market is something like 70 or 80% of the entire stock market. Now, I'm not sure what the date is that SpaceX is going to be public, but I I I would be looking for a pin to pop the bubble. And I think SpaceX going public would make a perfect pin. But we don't have one crisis. We have multiple crisis. Now, you you didn't even mention Ukraine.
Uh Putin is under a lot of pressure from his military because this war has gone on for longer than World War II did for them.
and they're saying we need to do something and they are mumbling about attacking US bases in NATO.
At the same time, one of the threats that Iran has made is should the United States attack their infrastructure, should they attack their desalization plants, should they attack their energy platforms, they will consider attacking NATO bases in Greece, Romania, uh, and Germany. So, it's not a case of uh does Iran have a nuclear weapon because it doesn't. It's not a case of how important is the straight of hormones. The fact is it's not that important. This is literally kept a into World War II. And of course, one of the very clear bastards to the Chinese was the United States participation in the war on Iran has depleted our anti-aircraft missiles. So there's no way that we could protect Taiwan should China take this time to attack. So you've got Korea that's in flux. You've got Thailand and Cambodia that's in flux. You've got the Philippines and China that's in flux.
You've got China and Taiwan that's in flux. You got this horrible mess in the Middle East. And at the at the same time, the news coming out of Israel with the incredible crimes they are committing in Gaza, in Syria, in Lebanon, in in the West Bank is absolutely astonishing. Now, I I'm going to say there is a potential solution that everybody seems to be missing that could give us peace in the Middle East for the first time. Uh, a week 10 to eight ago, Jordan actually started mumbling about an aggression pack with Iran. and Jordan because it shares a bord border with Israel is the most pro-Israel, but they also have a Shia population as does Saudi Arabia, as does the UAE, as does Qatar and Kuwait and Oman. And should those people get too riled up, you could literally have a civil war going on in the Middle East. But Saudi Arabia and some of the Gulf states and Jordan have started talking about non-aggression packs with Iran. And what that means is they would accept the fact that the so-called umbrella of protection from the United States didn't work when it was necessary. the petro dollar turned into a giant scam on the part of the US dollar and they're bailing out of the petro dollar program as fast as they can and should the sunny Arabs decide Iran's been the big dog in the neighborhood for 2500 years and we're we're back to where we were a thousand years ago. 1,500 years ago, 2,000 years ago, 2500 years ago, that would give us peace in the Middle East for the very first time. So, if Israel keeps pushing the United States into attack, we literally are risking World War II. And at the same time, if the Arab states woke up to the fact that Iran is not their enemy, it's the United States that's their enemy. It's Israel that's their enemy. If they said, "Okay, we want the US out of the Middle East and we want handcuffs on Israel." We would have peace in the Middle East for the first time in 80 years. Do you think that is even remotely possible uh though that there could be an agreement reached in that regard? AB: >> Absolutely. I I will guarantee you.
Okay. I I was a pilot, but I was an intelligence officer too. The telephone lines have been burning between those states and Iran and everybody saying, "Look, we don't want you attacking us."
And I ran saying, "We're not attacking you. We're attacking the US positions there. Now, if you got the US positions out of your country, we wouldn't attack you. And if our infrastructure is attacked, we're going to attack your infrastructure. But if you'll notice, it is never Iran that commits the first war crime. It is always Israel and it's always the United States. Now, we haven't even talked about this. Um, how familiar are you with the betting platforms and the number of bets on the price of oil going down being front rods 98% of the time. You're Spider, which means you you are familiar with it.
>> I I haven't heard those exact numbers, but yeah, the idea that people somebody is betting on oil big right before announcements come out on the war. not only right before but just a very few minutes like 14 to 42 minutes before a major announcement they come out and and make a multi-million dollar bet on the price of oil and somebody will be doing that today because one way or another Trump is going to have to make an announcement today and I think he's going to say oh you know we've decided that the Iranians are just too unre reasonable and this very idea that they should be allowed to keep their sovereignty and make their own decisions. Who do they think they are?
And then he's going to start talking about Cuba. Now Cuba's a real enemy. You know that that's what some people have been saying is that it could be a distraction um to get away from focusing on the Iran war and the failure there. Um Trump could start invading Cuba. Do you think that's a possibility? Did Did he say possibility or probability?
>> Well, let's say probability.
>> 98%.
Okay. Uh here here's what's crazy. Do you understand what they're using as a cause?
Why is the United States saying we need to do something about Cuba? Do you know the elements? Raul Castro, Fidel Castro's brother, was the Secretary of Defense or Minister for Defense. And I think this goes back to 1986.
Okay.
And there was a CIA funded group in Miami that was overflying Cuba and releasing pamphlets and things and being involved in basically terrorism.
So the Cuban Air Force shot down two airplanes with four people.
That was Ral Castro's job.
Now, if Raul Castro was named Rubio and he was in charge of defense of Miami and Cuba sent two private planes over Miami and was committing terrorism and dropping pathlets, what do you think Rubio would do? Well, he'd do the same damn thing. So we're talking about going in and kidnapping a 95 94 year old for doing his job 40 years ago which of course has said the same. So this is not a possibility of deviating the news. It is a probability. you know, we want to to cover up as much of our crimes in Iran as possible. It It's not going to work.
It's gotten to the point it's it's simply absurd. Have you seen the new design for the $250 US bill? If you go to CNN, you can look it up and see it. Donald Trump wants to put his picture on a $250 bill to be released at the $250 anniversary of the United States. Now, there is one fatal flaw with him doing that. Are are you aware of what that is?
>> Well, I'm pretty sure it's legal. You can't have a living person on a bill.
>> Uh, wait a minute. This is a Trump administration you're talking about.
She'll mumble about things like being legal. We don't do that. But if if Donald Trump was wise, he would blay it on the $250 bill and he should wait until the United States starts issuing the $100 trillion bills and he should put his picture on the $100 trillion bills because that's where they would be appreciated the most. Well, it sounds like you're thinking the result of everything that's happening right now is going to be high inflation coming soon.
>> Were you talking about possibility or probability?
>> Uh, I think let's say probability. Is that 100%.
>> I I I think probability. I I mean, here's the deal.
100% of fiat currencies have failed. So, what is the possibility of the US dollar fiat currency fail? Well, it's pretty high. Okay. Um, it's going to fail.
Martin Armstrong has done a brilliant piece recently. He said, "All these people talking about uh the US defaulting on the dollar, they're they're totally nuts. It's not going to happen. What they're going to do is inflate the debt away." So the the $100 trillion note is more probable.
>> I did want to ask you, I guess, how does this all impact things geopolitically, uh, right? Because we have a lot of different moving parts. We have the Ukraine war, we have the Iran war, we have the possible Cuba invasion, we have what's happening in Israel. Um, and there obviously a lot of moving chess pieces, but you have talked about kind of a geopolitical reset uh coming. So, how do the, you know, power structures change throughout the world?
>> Well, uh, that's a really, really good question. Uh, one, I can't answer the question because we could have peace if Saudi Arabia and the Gulf States got their act together or we could have World War II and anything in between is certainly possible. You have absolutely nailed it though. There is going to be a geopolitical restructuring.
The nature of it, I can't say. When I was an intelligence officer, there were two things that we focused on. We wanted to know what the capabilities of the enemy was and we wanted to know what their intentions were. Now, understanding their capability was relatively easy to do. Understanding their intention was far more difficult.
And I'll tell you, nobody I know is smart enough to keep up with the news and predict what's going to happen. I will give you a range, and the range varies from peace to World War II. And I I would say either is equally possible >> in for people in the US. Um most of our viewers are in the US and have been you have been talking for quite a while about the US hegemony uh really deteriorating and the US dollar losing value uh as the world reserve currency losing its world reserve currency status, the petro dollar being undermined. Do you see that regardless of how this war is resolved or isn't um that that trend is really going to be unaffected?
>> Well, strange enough, if the war hadn't taken place, I don't think anything would change. Uh countries get the world's reserve currency for about 80 to 84 years. We've had it for 82. And you could see it. I mean, without band mouthing Trump, if you look at Clinton, if you look at Bush, if you look at uh Camel Harris, if you look at Biden, if you look at Obama, if you look at Trump, they're all corrupt. All of them are corrupt. There there was a CIA agent who who just got arrested with $40 million worth of gold bars that he had pilered from the CIA. And I I what I don't understand about people is if you're going to steal gold bars, do you really need to steal 40 million? You know, why couldn't you be satisfied with a million or two?
>> Certainly. And I think I guess when it comes to what is happening to the financial system regardless um I did want to maybe shift our focus again uh to the financial side of everything. And I know a couple years ago we were talking about the banking crisis happening. It seems like that at least in the mainstream has has really ceased, right? The last major bank failure was First Republic. Um but the systemic issues in the banking system um have those gone away or have they just gotten worse?
>> They they did a really really wonderful job of covering that up and they had the unlimited credit facility which literally meant the the banks had been bailed out. That problem did not go away. Commercial real estate is far more serious than anybody's talking about.
The bond market is far more serious when when the bonds decrease in value as interest rates go up. The banks are showing unbelievable amounts of debt, negative equity in in in their book. So, uh something bad's going to happen. Okay.
everybody. Uh Dow is one of the smartest people I know. And he said, "This is 2007 all over again. It's exactly the same." I I think that clearly it's worse now because there are so many things failing at exactly the same time.
>> And this were actions to take then obviously there's a lot of uncertainty out there. Uh, I mean, even as we're recording this interview, we don't uh exactly know what the announcement is going to be. We have a pretty clear idea that um, you know, Trump is that isn't going to get really a good deal uh, with Iran. But for our viewers looking to prepare financially, what would you say to them when there seems to be so much uncertainty out there?
>> That is another excellent, excellent question. to say there's uncertainties.
If you think you know what's going on today, you're not paying attention.
It is that simple. I have never seen so many things change so quickly in my lifetime. Literally, from day to day, we don't know where we stand. But that's a good thing because I'm telling people you need to start taking responsibility for yourself, for your family, for your city, for your neighbors. You need to accept responsibility. You need to educate yourself. You need to be prepared. This is a great time to store up on food. You can go down to the store and buy a limited quantity of foods. Uh if you take just the price of beef and you'll be more familiar with this than I am because I happen to be in an area we got lots of beef. I I've seen $25 steaks at the store and in the US I'm going holy cow. I never heard of $25 steak store. We are going to have famine all over the world because farmers cannot afford the inputs raise the crops that they're used to.
They can't afford to plant. So there's food that's not going to be planted.
There are cattle that are going to be called and it's going to be a crisis.
And the idea that you can depend on the government, it'd be obvious now to be fatally flawed. You cannot depend on the government. You have to defend on yourself. Now, let me point something out. You know how I am about asking trick questions. What is the single most valuable asset you as a person possess?
>> I feel like the answer is probably your own education is what most people say.
Uh but what is your take?
>> Your brains. Okay. Uh there have been thousands of crises throughout history and a lot of people still survived most of them. For the people who are prepared, as long as you're using your brain, you're going to be just fine.
>> If our viewers are interested in learning more, they can go to 321gold.com.
Did you want to share a bit about that uh with our viewers? And what are your final thoughts for our viewers? Well, I'm I'm going to tell you something.
Like I I'm sitting there looking those books behind you and I know what my books look like and I know I do not see the art of peace. We finished talking.
Go reread the last three pages. I predicted exactly what's happening right now. And I wrote that book in 2016. And people can buy the electronic version for 99 cents. And if all you do, if you can't afford 99 cents, you probably can't afford to invest. But all you have to do is read the last three pages and say, you know, this is something that people could see 10 years ago. What was coming? We are going to have the world's first worldwide revolution. Did you see what Peter Teal announced today? He's moving to Argentina.
>> And what do you see as the significance of that?
>> Well, it's where he is leaving. I I will tell you, okay, I'm in France. They had a revolution here because of the price of wheat in 1789.
We're going to have the same kind of thing. At the start of the revolution, there were 35,000 aristocrats in France.
At the end of the revolution, 10 years later, there were 3,500 aristocrats in France. Now, they didn't kill all of the ones. There were a lot of people who left. The oligarchs are going to realize that they are going to be blamed correctly for what's going on.
Those people who have been pulling strings for the last 10 or 15 years are going to be blamed for the crisis that's that exists right now.
>> Bob, we really appreciate you coming back on the show here. Uh looking forward to our our conversations soon as this progresses and I guess maybe not looking forward to them if things continue to progress badly. But uh we really appreciate your time today. Thank you so much and God bless.
>> Okay, my friend. It's good to see you.
>> This is Kaiser Johnson with Liberty and Finance and these are the Miles Franklin weekly specials for May 25th through June 1st, 2026 while supplies last.
First this week, pre1933 $20 gold Liberty or Gold St. Godens coins in an MS-62 grade are just $150 over melt per coin. Kilo silver Valkcami bars are just $4.15 over spot per ounce.
To order our specials or any of the many other options we have available, call us at 1888881 Liberty. That's 188815-4237.
We're available after hours and on weekends, and we look forward to speaking with you.
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