"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

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[–] 200 points 6 months ago (1 child)

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.

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  • [–] 130 points 6 months ago (17 children)

    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.

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  • [–] 28 points 6 months ago (16 children)

    maybe Japan shouldn't have surprise attacked them on december 1941.

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  • [–] 29 points 6 months ago (8 children)

    Japan only attacked the USA in 1941 because of an oil embargo by the USA

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  • [–] 119 points 6 months ago (3 children)

    "You're not blocking the strait of Hormuz, I am. I dont even want your strait, anyways"

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  • [–] 62 points 6 months ago (2 children)

    It's literally high school bully level of pettiness and stupidity. And because it's on a global scale, everyone suffers. smh.

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  • [–] 104 points 6 months ago (2 children)

    So now instead of zero blockades like we had two months ago, we have two blockades?

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  • [–] 56 points 6 months ago (1 child)

    I hate these Maga Yanks so much.

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  • [–] 45 points 6 months ago* (last edited 6 months ago) (8 children)

    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."

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  • [–] 14 points 6 months ago (2 children)

    100% this. He didn't come up with a solution to "open the strait!" as "don't use the strait!" So it's still closed? Because of feels? OK, but it being closed because you said so means it's still fucking closed.

    Who benefits from this long term? Other than just "people who just bought oil at $98 on Monday"?

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  • [–] 4 points 6 months ago

    My theory is Lumpty Trumpty and the other looters are going to let the price of oil go up before announcing some sort of deal or removal of the blockade. Oil prices start to come down.

    Anyone in on the looting gets to rake in the short bets on oil. It's the opposite of a pump and dump scheme.

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  • [–] 14 points 6 months ago (1 child)

    Its mostly to jack up oil.

    Trump is owned by Rosneft and OPEC

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  • [–] 12 points 6 months ago

    Oil determines the price of shipping. Shipping determines the price of everything. They want to jack up everything.

    They loved the prices they found gouge after the pandemic and want to see how far they can push society.

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    [–] 42 points 6 months ago

    He’s playing the stock market again

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  • [–] 37 points 6 months ago* (13 children)

    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?

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  • [+] 14 points 6 months ago* (last edited 5 months ago) (12 children)
  • [–] 6 points 6 months ago (11 children)

    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

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  • [–] 12 points 6 months ago (9 children)

    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

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  • [–] 7 points 6 months ago (4 children)

    I mean, yes and no. Rome didn't have military bases around the world when it collapsed and Germany didn't have reserve currency status. But their currency DID become worthless. Stories like people burning money cuz it was cheaper than buying firewood.

    I know that it won't be "exactly the same" but maybe we could glean some valuable insight. Like physical items held value way better than currency. What did people do? Did families all return home and live with their parents/siblings since costs were too high alone?

    Having an idea of where things might go or what could happen just makes me feel better about it I guess? Like I know if the dollar collapses no amount of prep will really make it better and society as we know it in the U.S. will not exist for a bit.

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  • [–] 11 points 6 months ago (3 children)

    The global economy is new, so much has changed

    4 generations ago most of the food that people ate grew within 20 miles, now a good chuck of my food is grown on four continents in dozens of countries.

    This and every single thing in my house and car has supply lines stretching over a million miles when the travel of every single item, and their materials are added up. Literally, tens of millions of people helped make my items

    Banking is literally hundreds or thousands of times more complex than in my grandfather’s time.

    And my entire career is based on technology and infrastructure I read only hints about in science fiction books as a kid.

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  • [–] 5 points 6 months ago

    Many of the super wealthy obviously want to create company towns again (I think Musk is already in the process). Child labor laws are being rolled back. Wouldn't be surprised if stuff like debtor prisons come back. We are in the process of building concentration (and likely labor) camps for the homeless. We have and are building concentration camps for the undocumented. People are openly talking about denaturalization. I think it's clear where the "elite" want to see things go. Open question is how far we collectively will let them.

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  • [–] 34 points 6 months ago

    Lol so let me get this straight. We went from a completely open and free strait, to a closed one, to one ran and toll, to a double blocked strait. We are up 200% blockage. Art of the deal.

    Also Trump is going to starve out all of the middle east and Asia? He'll be tacoing here soon. Otherwise WW3 is guaranteed because China and Russia are preparing to have their forces escort their materials through because Iran doesn't have beef with them.

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  • [–] 22 points 6 months ago

    Oh, sure, this will bring down gas prices.

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  • [–] 18 points 6 months ago

    Snip snap snip snap

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  • [+] 17 points 6 months ago (1 child)
  • [–] 15 points 6 months ago (3 children)
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    [–] 15 points 6 months ago*

    Lame-ass copycats.

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  • [–] 13 points 6 months ago

    He saw then charging a toll and wanted to also charge a toll.

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  • [–] 12 points 6 months ago (1 child)

    So let me get this straight... Of Hormuz.

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    [–] 10 points 6 months ago (2 children)

    I'd hope global reaction will be anger against US. If Israel had paused its genocide of Lebanon, 20 ships/day would have flowed out of SoH. Now it will be 0. Trump just threated NATO and other allied flag ships.

    Way out is for world to negotiate with Iran to pay equivalent revenue to tolls in order to have SoH fully open. World paying instead of US/Israel, if world is too timid to show anger to US.

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  • [–] 6 points 6 months ago

    So now they went from the bad guy to the worse guy in this conflict. Because of course

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