I agree with what you're saying, but I think you're discounting the geopolitical impact the War(s) on Terror had.

America needed to push cheap credit to boost confidence after 9/11, oil prices skyrocketed and haven't really come back down, hugely expensive wars were funded on debt. It's arguable that these all directly contributed to the GFC in substantial ways.

Global confidence in American leadership plummetted since these wars, and opened the door for China and 'multi-polarity' to enter the stage which has caused a new wave of proxy wars as powers are trying to get a piece of the new round of global empires. We have Russia making moves (apparently also kickstarted by Gadaffi's death), UAE and Turkey playing games in the Sahel, dicerolled team selections in Libya, China testing the waters in Myanmar and Laos, fuckeries in Venezuela and Cuba, Syria, Azerbaijan....

If anything, Israel have been baited into their current actions just like America were as new and old powers try and undo 'centuries of shame', etc.