The United States has lost a “key” stance on the world stage and is playing a “very dangerous game” amid the Israel-Hamas conflict, according to one New York Times bestselling author. 

“From say, 1968 to 2020, we were in a unipolar world where the United States was the key strong government in the world, and we had a lot of allies, we didn’t have that many enemies and the currency was really kind of a dominant currency, whereas in a multipolar world, because of interest as a percentage of interest, next year, interest rates are going to be over $1 trillion, maybe a trillion-two. And so the military budget, the U.S.’s ability to be the world’s policeman, all that’s kind of dissipating,” The Bear Traps Report founder Larry McDonald told FOX News Digital.

“Wars are extremely inflationary,” he continued. “Wars, the trading routes, once they get a little bit complicated, it sets up where supply chains have to be backed up. And then governments like the United States, we just wrote Ukraine a well over $100 billion check. And guess what? For Israel, and what that country is going through and the type of ally, you can’t write the Ukraine $100 billion check without opening up the checkbook for, say, Israel in wartime… All this creates just a hole on top of everything else that’s going on in the United States.”

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