This is a free preview of a paid episode. To hear more, visit <a href="https://www.theflyingfrisby.com?utm_medium=podcast&#38;utm_campaign=CTA_7">www.theflyingfrisby.com</a><br/><br/><p>Yesterday, the US and Israel launched a joint attack on Iran, targeting key military and other strategic facilities. The Ayatollah Khamenei - supreme leader of Iran for 36 years - has already been confirmed dead, killed in the strikes along with several other senior officials. </p><p>In retaliation, Iran has struck US military bases, Israel, and targets across the Middle East. Supposedly safe Dubai has been hit. </p><p>We pray for every innocent caught up in this, wherever they are.</p><p>We have a major conflict in the Middle East on our hands. Again.</p><p><p>ICYMI, here is the week’s commentary. I’m glad we were positioned for this oil rally.</p></p><p>The early signs</p><p>This operation was reportedly planned for months and rumours about its imminence have been circulating for as long. </p><p>President Trump has promised to obliterate Iran’s nuclear programme and end the regime. </p><p>Many Iranians have been pictured celebrating in the streets. This regime was massacring protesters only last month. Iranians may not mourn its end.</p><p>The succession question seems open. One hopes Israel and the US have plans in this regard, but, with no vice-supreme-leader position, there is bound to be something of a power vacuum, even if a three-person council has temporarily assumed power. </p><p>The US-Israeli intention may be for this conflict to be swift and decisive, but the pattern of US warfare, as long as I can remember, is that it scores big, decisive victories early - so convincing that you think it will be a walkover - and then the enemy regroups, and the conflict drags on far longer than anyone hoped. </p><p>The nature of the military industrial complex, and how it is funded, means the incentive is rarely to wrap things up quickly, I am sorry to say, and that might have rather a lot to do with this repeating pattern.</p><p>We don’t yet know how this one ends, but the US already has a typically big early score with Ayatollah Khamenei now dead. I really would not be surprised to see the rest of the pattern repeat.</p><p><p><em>If you live in a third world country such as the UK, I urge you to </em><a target="_blank" href="https://thepuregoldcompany.co.uk/dominic-frisby/?utm_source=affiliate&#38;utm_medium=referral&#38;utm_campaign=dominic-frisby"><em>own gold or silver</em></a><em>. The pound will be further devalued, as will the euro and dollar. The bullion dealer I recommend is </em><a target="_blank" href="https://thepuregoldcompany.co.uk/dominic-frisby/?utm_source=affiliate&#38;utm_medium=referral&#38;utm_campaign=dominic-frisby"><em>The Pure Gold Company</em></a><em>. </em><a target="_blank" href="https://thepuregoldcompany.co.uk/dominic-frisby/?utm_source=affiliate&#38;utm_medium=referral&#38;utm_campaign=dominic-frisby"><em>More here.</em></a></p></p><p>What happened last time</p><p>You’re no doubt wondering what the effect of this will be on prices and the answer is: perhaps not what you expect. </p>