Good Evening: This was a gift from a Goldfix Founder to the community.
Egan-Jones is one of the first big name firms to put what we have been witnessing globally into a readable synopsis. War is changing.
Beyond bigger military budgets to cope with decentralized warfare, commerce will also be greatly hindered.
Globalism will die even more painfully as international waters will be impossible to insure for tankers and such.
This will manifest in yet another inflationary brick in the wall being built around us all.
Today’s increasingly decentralized warfare may become to the US what guerilla warfare was to the British in the Colonies in 1776
Sections:
Sea wars without navies
Land wars without armies
What Has Changed
Commoditization of Weaponry
Decentralized Adversaries
Dependency of Western Europe
Multipolar World
Aversion to escalation
Importance of Cheap Manufacturing
Implications for Risk and Portfolio Managers