QuoteThis is why no matter what Trumpolini does, shipping through the straight has little likelihood of returning to pre-war levels in the forseeable future.  Anything leaving the Gulf will remain a target, and the risk premium that will drive up prices remains enormous.

Stupid is as stupid does.






Iran cannot defeat the United States militarily. It cannot win a conventional war against the US-Israeli alliance. What it can do is make the cost of the war unbearable for the economies that are funding and sustaining the attacks against it.  And it should do so.  Iran should force Regime change.  I'm Ok with that.

Anyone with a functional brain has known for thirty years that messing with Iran is grabbing Karma by the tail.






Look at his desperation.  While Trump claims victory.



The Donald Trump administration is evidently desperate, as the raging West Asia conflict has sent global oil prices soaring to multi-year highs, which in turn have led to a jump in fuel prices in the US.

It is an attempt to keep the price of oil -- lower.

Has anybody told Trump about this? From everything we're reading, the answer is probably not. Uh basically uh we're in a situation where the the court hearers don't tell the the emperor that he has no clothes and don't tell him that uh actually war in the Persian Gulf really hurts the United States a lot too.

So you know God knows and by the way I have no idea how this ends. Uh it's I I don't I don't even know what I would do at this point. I mean it take a time machine and go back and not do this, but now it's it's going to be really really ugly.  And have a nice weekend.

What Trump started.  But for Trump this would not be happening, and that building would still be standing.

With Americans focused on Donald Trump's deeply unpopular war against Iran, far too few Americans are focusing on another disastrous Trump idea: increasing the Pentagon's budget to a colossal $1.5tn. Just as Trump's Iran war has hurt millions of Americans by sending gas prices skyward, Trump's supersized Pentagon budget will hurt millions of Americans because Trump, to help finance that budget, is pushing for painful cuts in health, education, and housing programs.

Regardless of how many social programs are cut, the only way this could ever be financed is by debt monetization.  The Chinese won't dribble out their mountain of USTs, they'll spray them on the market wholesale with a firehose.  Given His Trumpness low popularity and political capital, there's little chance of this budget going thru as proposed, but what it will do is lock up the CONgress Critters in fruitless jawboning, nothing will get done and we'll have yet another budget crises, this time maybe ending in a default to really trash the value of the dollar.

Hard to imagine how one man could possibly have done more to destroy what was left of Amerika in such a short period of time than The Donald.  Osama Bin Ladin as POTUS would be less destructive.

RE