The Traderszone Network

Published in TZ Latest News 16 June, 2014 by The TZ Newswire Staff

Iraq Breaks Down, Oil Surges – The Context Underlying The Growing Crisis

Submitted by Chris Martenson of Peak Prosperity,

The situation in Iraq is serious, and is probably going to get worse before it gets better. The potential for this recent action to morph into a regional conflict is very high. That that means that oil could go a lot higher, and if it does, we can expect the odds of a global economic recession and an attendant financial crisis to go up considerably from here.

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