The very first story on the Drudge Report on both April 23 and 24 was headlined with a quote from Bernard Arnault saying if the Iran war was not quickly settled, it could be a “world catastrophe.”

I apparently do not keep up with world business as much as I should, because I did not know that Arnault is one the three richest men in the world along with Elon Musk and Jeff Bezos. They trade first, second and third depending on fluctuating stock prices.Arnault heads a French conglomerate, LVMH, which specializes in luxury brands like Louis Vuitton and many others. He bought a struggling Christian Dior in 1984 for $15 million and Tiffany & Co. in 2021 for over $15 billion.

Arnault told the annual meeting of his Company: “Either it (the Iran War) will be a world catastrophe with very serious and very negative economic impacts – in which case, who can say how 2026 will unfold – or it will be resolved more rapidly in some shape or form that we all hope for – even if it doesn’t seem easy – in which case businesses will recover and resume their normal course.”

Newt Gingrich, the former Speaker of the House, almost always tries to speak in a positive way about Republican chances in elections. Buthe told theNew York Timeson April 28 that if the elections were in May, Republicans would lose.

He said: “The war, the sense of affordability, and gasoline – some of that has to be cleared up in order to win. If it doesn’t change, I’ll start tearing my hair out.”President Trump is in an almost impossible situation. He is in between possibly the greatest rock and hard place in history.

I think Trump realizes that both the U.S. economy and the world economy will be greatly damaged and possibly go in to a major recession if the war is not ended very soon. JP Morgan Chase CEO Jamie Dimon said it “will be worse than people think.”The President seems to be trying very hard to reach an agreement, but he knows Israel wants to go in the other direction and escalate the war even further. And he knows the Israel Lobby has almost total control of the Congress and will go along with Netanyahu no matter what.

John Mearsheimer is a West Point graduate, Air Force veteran, and longtime professor at the University of Chicago. He is one of the most well-respected foreign policy experts in this Country.

In aninterview on April 27, he said “The world economy is teetering, and the longer this war goes on the worse the damage… and if we go up the escalation ladder, it will be another hammer blow to the world economy.”

He added: “Israel wants to continue the war. They want us to continue hammering away at Iran to try to beat them into submission and if we can’t beat them into submission, well we’ll just destroy them and do what we did in Gaza to Iran.”

Jeffrey Sachs is another foreign policy expert and economist who has been called upon for advice for many countries around the world. He is a longtime professor at Columbia University in New York City.

Source: Antiwar.com