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Steve Keen, the economist who predicted the 2008 global financial crash when everyone else said everything was fine, is sounding the alarm again. This time, the threat isn't just a housing bubble: it's a full scale disruption of the global energy supply. The Strait of Hormuz, a narrow passage that carries roughly 20% of the world's oil and gas, is at the centre of escalating conflict between the U.S. and Iran. Keen's argument is blunt: mainstream economics pretends energy and physical inputs don't matter, but labour without energy is a corpse and capital without energy is a sculpture. The numbers are already moving: liquid natural gas availability is down 20%, oil down 10 to 20%, fertilizer down over 30%, and helium and sulfuric acid down 50%. These aren't just commodities. Fertilizer, made from oil, is what allows the planet to feed 8 billion people. Without it, even countries like the UK, which imports up to 70% of its food, could face famine. Keen's prediction: a 10% fall in global energy means a 10% fall in GDP, two to four times worse than what America suffered in 2008. The silver lining? This might finally force the world off fossil fuels and onto renewables and nuclear. But the transition won't be painless.
How to protect your savings when the U.S. dollar loses its global dominance. What happens to food prices when global fertilizer supply drops 30%. Why the Strait of Hormuz could trigger the next global depression. How BRICS nations are building an alternative to the SWIFT payment system. What a 10% fall in global GDP actually means for your daily cost of living. Why rebuilding war damaged energy infrastructure takes 5 years, not 5 months. How America's weaponization of the dollar is accelerating its own economic decline. What Australian farmers cutting wheat planting by half means for global food security.
This trump iran war explained breakdown reveals the hidden us iran war economic impact that mainstream media is ignoring. As the strait of hormuz oil crisis intensifies, global supply chains face a debt crisis 2026 scenario driven by collapsing GDP and surging energy prices. The dollar weaponization strategy, combined with escalating middle east conflict oil prices , is accelerating the shift toward a brics alternative to dollar reserve currency system. With food shortages 2026 already projected due to a fertilizer shortage global link to oil supply, the renewable energy security argument has never been stronger. This is the full steve keen economic collapse forecast: what a global gdp collapse means for your money, your food, and your future.
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Economist Steve Keen, who predicted 2008, warns the U.S.-Iran conflict could disrupt 20% of global energy supply
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Fertilizer (made from oil) is down 30%+ without it, the planet cannot feed 8 billion people
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A 10% fall in energy means a 10% fall in global GDP two to four times worse than the 2008 financial crisis
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America's weaponization of the dollar and SWIFT is accelerating BRICS alternatives and de-dollarization
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The crisis may force the shift to renewables and nuclear but the transition will be brutal
Who is Dr. Steve Keen?
Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money and private debt drive booms, busts, and asset bubbles. Creator of the Minsky and Ravel tools, he focuses on real-world dynamics instead of textbook myths ā essential for engineers, finance professionals, and anyone who wants operational clarity over ideology.
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š Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com
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