“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” said Trump
In about two days, there will be reports of massive volume of shorts on oil company stocks that occurred in the minutes before the announcement, then another day after that, nobody will talk about it again.
I’m a little surprised everyone is mostly agreeing that he’s doing this because he’s stupid. I mean yes, he’s a fucking idiot, but someone told him to start a blockade. And as we all know from the first one a week ago, it’s only gonna jack up prices on literally everything even more than they are right now.
It’s all a plan by the billionaire class that openly runs our country now to keep inflating prices so consumers don’t have anything.
Edit: like c/BamboodPanda said, “Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything.”
I hate these Maga Yanks so much.
From mediocre incompetents to outright villains.
Are they also going to block the ships that Iran and Japan agreed could pass through, for example? Are they really going to screw over a strategic ally like Japan just for…? You know what? Yeah, they definitely would.
So now instead of zero blockades like we had two months ago, we have two blockades?
Art of the deal
Can’t wait for the USN to start blowing up Chinese tankers and cargo ships.
Or seizing SK and Japanese vessels for that matter.
Are we going to prevent our most Asian important allies from receiving energy supplies that could prevent, or at least significantly delay, their complete economic collapse?
Your already witnessing an economic collapse. The US paid more in interest than they made in tax revenue.
This was is the last struggle of a dying world reserve currency. Happens everytime in history. The next step is civil war and spreading the “wealth”. Then the final step is getting used to the lower quality of life that we can afford after we raises the “wealth” wasn’t real because most people don’t understand what wealth is.
The average US household is going to be generational because the spending power of the dollar will be shit compared to the new world reserve currency. The YUAN.
I keep seeing posts like this and they make a lot of sense. Do you have any recommendations on where someone might read up on this or should I just start googling stuff like “what happens when countries collapse?” “German economy after WW1” “currency collapse of ancient Rome” etc etc
Not op, and as far from an economist as possible. But I think there has never been a situation like this, ever, in the entire human race.
I have no clue what will happen but I deeply feel most will have wrong predictions
This has happened many times. And this time is no different besides having easier access to debt though digital currency. It might actually make the problem worse never we will have more debt that had been ever generated before.
Thinking of it like that, its easy to see this will be the worst collapse ever recorded. 90% of our money didn’t exist, and only exists though fractional reserve lending, and asset backed debt like stock borrowing. When the system falls apart and we go to eat the wealthy and distribute the wealth, we will find nothing there because it doesn’t exist.
Currently we have a few options, completely stop spending and pay the debt back which will never happen. Or continue to spend until bankruptcy. Or what is currently happening, we built a new digital currency that we can leverage debt can continue the gravy train a little longer passing the debt onto future generations. All roads lead to a shitty outcome, it’s just do we go though it or our kids, and we both know what people vote for, to fuck the kids.
