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In an era where global military spending has reached a staggering $2 trillion annually, surpassing Cold War levels, the United States leads the charge with nearly a trillion dollars dedicated to defense. This immense expenditure has placed the U.S. at the forefront of the Middle East conflict, particularly in supporting Israel against rising tensions with Iran. As geopolitical tensions rise, the world braces for potential economic repercussions potentially similar to the ones seen during the oil crisis and economic downturn in 1973. This video dives into macroeconomics behind military spending, regional conflicts, oil prices and supply chains.

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