Trump Tells Aides To Prepare For Long Term Iran Blockade

You know what that means? Long term high gas prices. And as the supply continues to shrink gas prices will likely climb even higher.

https://www.wsj.com/world/middle-east/

All because Trump dicided to ignore his military advisors that told him Iran would likely close the strait.  Trump's narcissism led him to believe he knew better than his military leaders.

Now we are in an unending quagmire because Trump won't accept he made a horrible mistake and that he will have to accept concessions to end the war without a large scale invasion and occupation. 

So enjoy those high prices on gas and everything else as we depend on big tracks to transport our goods in this country. So much winning! 

     "The sky is falling", episode 27....... On your part - "So Much Whining".....

Iran has lost 90% of its revenue, its drilling will soon shut down, 30% of its its gasoline and food is imported, (the gov gets first dibs on those remaining supplies, so it hits the people harder).  Inflation is rampant.

It will eventually collapse

"Eventually" doesnt sound like "Soon".

"Eventually" the entire global economy will sink into a massive recession if the Strait remains closed.

Today Hegseth asked Congress for $1.5 Trillion for the Pentagon budget.    How is that going to be paid for?   

Iran doesn't have much choice, either give up or all of their oil rigs will seize up and become unusable unless they can continue to pump oil ...and they are out of storage within 2 weeks.

The problem with religous fanantics is they arent guided by economic metrics.

While most are focused on how this war and blockade is negatively affecting the economies of the US and Iran they are overlooking something important. How this war and blockade might be benefiting China's economy. 

China's economy and debt portfolio (at least on paper) is quite stable right now. More and more people and countries are looking at Chinese bonds and Chinese investments to store their wealth. China is becoming the worlds lender and financial leader rather than the U.S. 

People are also ignoring and how much this can hurt our economy in the long term. 

Two things that really help keep our economy and our "dollar" strong right now are that we are the world's lender and store of wealth and that the world trades oil in dollars. 

The petroleum dollar is, right now,  what gives the U.S. Dollar much of its strength. If the petroleum dollar goes away we are in trouble. 

If the "petroleum dollar" is replaced with a "petroleum Yuan " or a "petroleum basket of currencies" or a "Petroleum SDR"  we are fucked. 

"[E]ventually" we're all dead.  Your "eventually" is not comforting as I pay $4.49 for gas.  

 I pay $3.45 here in the great state of Texas.

But, you have to live in Texas!  Not worth it.