Trump is playing a very high stakes game, first turning down rapprochement with Russia, getting into a bitter trade war with China, and now leaping headfirst into a “special combat operation” against Iran that could throw the whole world into a deep recession. Will global and regional partners “ride or die” with Trump, or will they consider jumping ship? Billy Bob and Greg will be on the show with me tonight to discuss exactly this.
Tune in to my podcast with Billy Bob on May 5, 7 p.m. Moscow time, to hear the latest on Trump’s “Special Combat Operation” in Iran. The show starts tonight at 7 p.m. and can be viewed below. You can also subscribe to my YouTube channel for notifications of future videos and interviews. Blowback: Exposing Imperial Decline can be followed here. The stream will also go to Billy Bob’s Facebook page, which you can follow here.
Greg Rosen gets it right about at the 1:50 mark.A fifth of the world's oil supply in circulation goes through or went through the Straights of Hormuz. The Wall Street Journal is reporting that Aramco is predicting the world oil market will lose 100 million barrels a week, and has already lost one billion barrels. https://www.wsj.com/business/energy-oil/aramco-sees-oil-market-losing-100-million-barrels-a-week-if-hormuz-remains-closed-6d5039e1?mod=livecoverage_webThe last oil tanker to leave the Persian Gulf delivered its oil last week, and even if the crisis ends now, the next one won't make a delivery until June 2027.An artist named Mark Shyrock did an analysis of this with tons of statistics. I couldn't find any information about Mark Shyrock other than that he wrote about about how to get into nursing school, but the analysis is well sourced:https://markashryock.substack.com/p/eight-weeks-to-empty-shelves-sixtyDuring the 1973 and 1980 oil shocks, the world lost about 8% of its oil production, not 20%.This event collapses the global economy, including the American economy. There is no obvious benefit to the American elites or the "global capitalist elites" to collapse the world economy. However, they actually sort of did this with the 2020 Covid lockdowns. This event seems to be similar.
Collapsing the entire world economy will take down the Chinese one too, so there is that.