The USA has quit protecting the sea lanes. Iran has seized two tankers and we just issue a press release. But that’s okay. That is Chinese oil. Let them sail to the Middle East and pick sides in a centuries old knife fight. It’s their problem now.
Global Trade as we knew it, is going to crater. Colocation will now replace the Global Supply Chain. And, those new plants will be built in the USA where the energy is.
Notice that BASF, the German chemical company, is moving their entire manufacturing capacity to Louisiana. It is no longer sustainable in energy poor Germany.
Regards,
Loss of reserve currency makes the US “ irrelevant “, plain and simple. Irrelevant in world affairs, irrelevant in international banking, and most importantly -irrelevant in spewing their message of immorality globally.